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European stocks may open slightly lower on Wednesday following another losing session on Wall Street overnight. <\/p>\n
Trading volumes are likely to remain thin as investors brace for the Easter weekend. <\/p>\n
Asian markets<\/span> traded mixed, with Japan’s Nikkei climbing over 1 percent as the yen hit a 34-year low on dovish comments from BOJ board member Naoki Tamura calling for a slow but steady policy normalization. <\/p>\n Chinese and Hong Kong markets were moving lower despite encouraging industrial profits data for the first two months of the year. <\/p>\n The dollar held steady in Asian trading while gold moved in a tight range ahead the release of key PCE price index data and speeches from Fed speakers, due later in the week.<\/p>\n Treasuries steadied after rebounding from session lows on Tuesday following a $67 billion sale of five year-notes.<\/p>\n Oil extended overnight losses as the API report showed a large build in U.S. inventories.<\/p>\n U.S. stocks gave up early gains to end lower overnight as investors assessed the impact of a significant bridge collapse in the Baltimore port area on markets and the economy<\/span>.<\/p>\n On the data front, the latest readings on new orders for manufactured durable goods and consumer confidence painted a mixed picture of the world’s largest economy.<\/p>\n The Dow slipped marginally and the S&P 500 eased 0.3 percent to end lower for a third straight session, while the tech-heavy Nasdaq Composite shed 0.4 percent to extend losses for a second day.<\/p>\n European stocks rose on Tuesday in a relatively quiet and holiday-shortened week. The German DAX climbed 0.7 percent, France’s CAC 40 rose 0.4 percent and the U.K.’s FTSE 100 edged up 0.2 percent. <\/p>\n<\/p>\n Business News<\/p>\n<\/div>\n
The pan European STOXX 600 recovered from an early slide to finish 0.2 percent higher.<\/p>\n