European markets expected to start higher

Wednesday, 14. September 2016 08:17

Markets in Europe are expected to open higher on Wednesday after oil prices recovered following yesterday’s American Petroleum Institute (API) data. Later today, European Commission President Jean-Claude Juncker will give a speech at the European Parliament which is expected to cover the impact of Brexit on the bloc.

DAX futures grew 0.22% at 8:02 a.m. CET and Euro Stoxx 50 futures rose 0.34% at 8:03 a.m. CET.

The FTSE 100 is expected to start the day with an increase of 0.37%. Tomorrow, the Bank of England is set to announce its decision on interest rates.

Oil prices traded in the green before market open in Europe. Brent for November delivery increased 0.36% to go for $47.26 per barrel at 8:02 a.m. CET, while WTI for October delivery inched up 0.47% to sell for $45.12 per barrel at 8:00 a.m. CET.

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Breaking the News / NP