Sentiment weakened in European markets on Wednesday as volatility in China fueled positive sentiment across the region.
The pan-European Stoxx 600 index started just 0.06% higher, but rose slightly to rise 0.14%.
Local markets closed lower on Tuesday, with all major exchanges and most sectors trading in the red during the day. It was a volatile start to the week, with lackluster trading as investors reacted to a slowdown in China’s economic stimulus.
Overnight Asia-Pacific markets were mixed, with Chinese stocks selling off in another volatile trade, with the mainland’s CSI300 index down 6% and Hong Kong’s Hang Seng index extending losses, falling 2.5%. . On Tuesday, HSI had its worst day in 16 years, closing 9.41% lower.
U.S. stock futures hovered around the flatline on Tuesday night after major averages won. Wall Street is coming off a solid day of trading for major averages on Tuesday as tech stocks outperformed and oil prices fell from their highs.
Notable events in Europe today include the German government’s latest economic forecasts and the latest NATO defense ministers’ meeting in Belgium.
— CNBC’s Sarah Min and Lim Hui Jie contributed to this market report.
