European markets expected to maintain positive momentum

LONDON – European stocks are expected to open higher on Wednesday, continuing the positive sentiment seen in global markets since the start of the week.

the united kingdom FTSE The index is expected to open 7 points higher at 8,557, the German index DAX up 98 points up to 21,140, ​​France CAC 40 up 13 points to 7,786 and that of Italy MIB FTSE up to 123 points to 36,311, according to IG data.

Global stock markets have been trading higher earlier this week as investors digested the first executive orders that newly inaugurated US President Donald Trump signed on Monday.

The market gains were attributed to the fact that, while Trump issued Following a sweeping memo directing federal agencies to evaluate what he considers unfair trade policies with foreign countries, he stopped short of authorizing new taxes on his first day in office. Investors took this as a sign that he might be less enthusiastic about implementing tariffs than previously expected.

Asia-Pacific markets mostly increased overnight, while S&P 500 futures rose last night after the first post-Inauguration Day trading session ended with strong gains.

The impact Trump’s second term could have on the global economy and geopolitics has been a key topic of conversation at the World Economic Forum in Davos, Switzerland.

CNBC’s coverage of the annual forum continues, with António Guterres, Secretary-General of the United Nations, speaking at 11:30 a.m. Davos time. The President of the Spanish Government, Pedro Sánchez, will speak at 3:45 p.m.

Featured CNBC guests include NATO chief Mark Rutte and Polish President Andrzej Duda y Sánchez.

Dick Schoof, the Prime Minister of the Netherlands, the economy and trade ministers of the United Arab Emirates, Saudi Arabia’s Finance Minister Mohammed Al Jadaan and Finnish President Alexander Stubb will also speak to CNBC at the forum on Wednesday.

No major European data will be released on Wednesday, but easyJet will publish its latest earnings report.