{"id":124012,"date":"2021-12-14T23:11:36","date_gmt":"2021-12-14T23:11:36","guid":{"rendered":"https:\/\/fin2me.com\/?p=124012"},"modified":"2021-12-14T23:11:36","modified_gmt":"2021-12-14T23:11:36","slug":"european-shares-set-to-open-on-steady-note","status":"publish","type":"post","link":"https:\/\/fin2me.com\/business\/european-shares-set-to-open-on-steady-note\/","title":{"rendered":"European Shares Set To Open On Steady Note"},"content":{"rendered":"
European stocks are seen opening on a firm note Wednesday after the World Health Organization (WHO) laid to rest apprehensions about the efficacy of existing vaccines against the new coronavirus<\/span> strain.<\/p>\n The upside, however, may remain capped somewhat amid rising geopolitical tensions between the United States and Russia. <\/p>\n After a tense two-hour summit, the U.S. said it is preparing “robust responses” over fears of a Russian invasion of Ukraine.<\/p>\n Asian markets<\/span> followed Wall Street higher and Treasury yields pared an advance after rising across the curve Tuesday, while the dollar held a decline against most of its major peers. Oil edged lower in Asian trade after climbing more than 3 percent on Tuesday.<\/p>\n It’s a quiet day on the economic calendar, with employment data from France and speeches of ECB President Lagarde and ECB member De Guindos likely to be in focus. <\/p>\n Federal Reserve Bank of Minneapolis President Neel Kashkari speaks Thursday while a slew of Chinese data, including inflation data will be out Thursday. The U.S. consumer price index report is due on Friday. <\/p>\n U.S. stocks staged the biggest rally in nine months overnight and Treasuries fell amid optimism that the Omicron strain won’t derail global growth.<\/p>\n The tech-heavy Nasdaq Composite jumped as much as 3 percent while the Dow climbed 1.4 percent and the S&P 500 surged 2.1 percent.<\/p>\n European stocks also closed on a strong note Tuesday as Chinese policymakers shifted toward easing mode and a report showed German industrial output rose more than expected in October.<\/p>\n The pan European Stoxx 600 soared 2.5 percent. The German DAX surged 2.8 percent, France’s CAC 40 index rallied 2.9 percent and the U.K.’s FTSE 100 added 1.5 percent. <\/p>\n