European equity markets are set for a higher open on Wednesday, recovering from losses in the previous session as geopolitical concerns over the Russia-Ukraine war gradually ease. On Tuesday, financial markets were shaken after Russia lowered its threshold for a nuclear strike, while Ukraine launched a U.S.-made missile over the Russian border.
However, tensions eased after Russian Foreign Minister Sergei Lavrov said the country would "do everything possible" to avoid a nuclear war, and the U.S. indicated it saw no reason to adjust its nuclear policy. Meanwhile, data showed that U.K. inflation rose more than expected in October. On the corporate front, earnings reports are expected from The Sage Group, Severn Trent, British Land and others. In pre-market trading, Euro Stoxx 50 futures rose 0.6%, while Stoxx 600 futures rose 0.5%.
Source: Trading Economics
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