{"id":140926,"date":"2021-10-06T11:29:02","date_gmt":"2021-10-06T11:29:02","guid":{"rendered":"https:\/\/precoinnews.com\/?p=140926"},"modified":"2021-10-06T11:29:02","modified_gmt":"2021-10-06T11:29:02","slug":"european-markets-set-to-tumble-at-the-open-reversing-positive-sentiment","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/markets\/european-markets-set-to-tumble-at-the-open-reversing-positive-sentiment\/","title":{"rendered":"European markets set to tumble at the open, reversing positive sentiment"},"content":{"rendered":"<ul>\n<li>European stocks are expected to open sharply lower on Wednesday, reversing mostly positive trade this week.<\/li>\n<li>The U.K.&#x27;s FTSE index is seen opening 40 points lower at 7,039, Germany&#x27;s DAX 103 points lower at 15,092, France&#x27;s CAC 40\u00a0down 42 points at 6,530 and Italy&#x27;s FTSE MIB 175 points lower at 25,453, according to IG data.<\/li>\n<\/ul>\n<p>European stocks are expected to open sharply lower on Wednesday, reversing mostly positive trade this week.<\/p>\n<p>The U.K.&#x27;s FTSE index is seen opening 40 points lower at 7,039, Germany&#x27;s DAX 103 points lower at 15,092, France&#x27;s CAC 40\u00a0down 42 points at 6,530 and Italy&#x27;s FTSE MIB 175 points lower at 25,453, according to\u00a0online trading platform IG.<\/p>\n<p>The lower open forecast for European markets comes after a rally in the region on Tuesday with regional investors brushing off losses on Wall Street earlier in the week.<\/p>\n<p>A reversal of positive sentiment does not apply to Europe alone. U.S. stock futures fell in overnight trading too, and shares in Asia-Pacific were mostly lower in Wednesday trade.<\/p>\n<p>Futures on the Dow Jones Industrial Average slipped 84 points. S&amp;P 500 futures and Nasdaq 100 futures traded in negative territory. In Asia overnight, Japan&#x27;s Nikkei 225 shed earlier gains to fall 1.47%, while the Topix index slipped 0.65%. South Korea&#x27;s Kospi fell 1.12%. Mainland Chinese markets remain closed on Wednesday for the holidays.<\/p>\n<h2>Stock picks and investing trends from CNBC Pro:<\/h2>\n<p>Bank of America names stocks set to benefit as Australia eases Covid-19 restrictions<\/p>\n<p>Morgan Stanley has some new global stock picks \u2013 and gives 11 of them over 40% upside<\/p>\n<p>Goldman Sachs sees a big 4th quarter with a 9% S&amp;P 500 gain from here<\/p>\n<p>On the corporate front in Europe on Wednesday, Tesco releases half-year results and data releases include the latest German industrial orders and most recent reading of Spain&#x27;s industrial output.<\/p>\n<p>Investors in the region could be keeping an eye on U.S. data on Wednesday for more indications on the country&#x27;s economic health with the ADP private payrolls report for September set to be released Wednesday. The closely watched nonfarm payrolls report for September is slated for release on Friday.<\/p>\n<p>Enjoyed this article?<br \/>For exclusive stock picks, investment ideas and CNBC global livestream<br \/>Sign up for\u00a0<strong>CNBC Pro<\/strong><br \/>Start your\u00a0free trial now<\/p>\n<p><em>&#8211; CNBC&#x27;s Hannah Miao and Eustance Huang contributed to this market report.<\/em><\/p>\n<p>Source: <a href=\"https:\/\/www.cnbc.com\/2021\/10\/06\/european-markets-positive-sentiment-reverses-data-stocks-in-focus.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>European stocks are expected to open sharply<\/p>\n","protected":false},"author":3,"featured_media":140925,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23054],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>European markets set to tumble at the open, reversing positive sentiment - 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