European markets head to a lower open as concerns about global growth sour sentiment 2022-04-26 23:30:38


LONDON – European shares are expected to open lower on Wednesday as global markets remain mixed, as concerns persist over the outlook for global growth.

United kingdom FTSE index The index is expected to open 10 points lower at 7374 points in Germany Dax 102 points at 13664, France CAC 40 Down 42 points at 6374 and Italy FTSE MIB 76 points lower at 23,232, according to data from IG.

It’s a profitable day in Europe on Wednesday as several banks reported this morning.

Credit Suisse mentioned Net loss for the first quarter of 2022 and the announcement of an administrative adjustmentThe Swiss lender suffers from the costs of litigation and the fallout from the Russo-Ukrainian war. Meanwhile, Deutsche Bank mentioned Net profit of 1.06 billion euros ($1.13 billion) for the first quarter.

The expected lower opening in Europe comes amid mixed trade elsewhere. US stock futures It was mixed Tuesday night after the major averages continued their massive sell-off in April amid fears of an economic slowdown, and Wall Street considered earnings after the bell.

Stocks in the Asia-Pacific region were mixed On Wednesday’s trading, investors reacted to losses on Wall Street.

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Tensions continued to rise over the Russo-Ukrainian War. On Monday, Russia said the risk of nuclear war was very significant, with Foreign Minister Sergei Lavrov stressing that the risks should not be underestimated. US Defense Secretary Lloyd Austin responded by describing the rhetoric of nuclear war as “extremely dangerous and unhelpful”.

Other dividends due from Puma, ST Micro, GSK, Persimmon and WPP. On the data front, French and German consumer confidence figures are due for release in April and May, respectively.