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Market News

European Markets

Opening calls are indicating a lower opening this morning.

Asian Markets

The Nikkei and the Hang Seng averages are trading flat in the current session.

US Markets

U.S. stocks ended in the red Tuesday, giving up an earlier rally, after the Federal Reserve kept rates unchanged and issued a tepid outlook. The market also remained under pressure from a report that said German Chancellor Angela Merkel rejected the idea of increasing Europe’ bailout fund.

Events Today

German Chancellor Angela Merkel is expected to give a statement to the German Bundestag on Wednesday on last week’ summit of European leaders and their decision to adopt a Franco-German plan for greater fiscal unity within the euro zone.

Economic data to watch includes UK monthly unemployment figures at 9:30am UK time and industrial production data for the European Union, available from 10:00am.