European stocks were mixed on Wednesday as regional market attention focused on an upcoming no-confidence vote in the French parliament, the National Assembly.
The vote is expected to take place tonight after lawmakers debated two motions of no confidence, brought by the left-wing New Popular Front alliance and the right-wing National Rally party, against Prime Minister Michel Barnier's minority government.
The motions came after Barnier used special constitutional powers on Monday to push through a disputed budget bill without a parliamentary vote.
The National Rally has said it will support the motions brought by its left-wing rivals, but it will also support its own motion of no confidence. It is highly likely that Barnier's government will collapse after the vote.
On Wednesday, European services activity data is due and the OECD releases its latest economic outlook.
In other news, political turmoil in South Korea is being closely watched by investors in the Asia-Pacific region. Overnight, South Korean stocks opened lower after President Yoon Suk Yeol's surprise decision to impose and lift martial law in a matter of hours.
Source: FXStreet
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