European market sentiment was subdued on Wednesday as positive sentiment in the region faltered due to volatility in China.
Pan-European Stoxx 600 Index It opened just 0.06% higher but was slightly stronger, rising 0.14%.
Regional markets traded and closed lower on Tuesday, with all major exchanges and most sectors posting losses throughout the day. The week got off to a rocky start, with a lackluster session as investors reacted to a slowdown in China’s economic stimulus measures.
Chinese stocks sell off in another volatile trading day, mixed Asia Pacific market Overnight, the Mainland CSI 300 Index fell 6%, and the Hong Kong stock market Hang Seng Index The decline widened, falling 2.5%. On Tuesday, the Hang Seng Index had its worst day in 16 years, closing down 9.41%.
US stock futures The index hovered near the flat line Tuesday night after the major indexes rose. Wall Street is coming out of trouble strong meeting Major indexes also posted gains on Tuesday as technology stocks outperformed the broader market and oil prices retreated from their highs.
Events worth watching in Europe today include the German government’s latest economic forecasts and the latest meeting of NATO defense ministers in Belgium.
—CNBC’s Sarah Min and Lim Hui Jie contributed reporting to this market report.
