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MARKET WRAPS
Watch For:
EuroCOIN indicator of euro area economic activity; Eurozone Services PMI; CIPS/Markit Services PMI; EU Retail trade; updates from Hugo Boss, Schaeffler, Commerzbank, Siemens Energy, Intesa Sanpaolo, Babcock, Taylor Wimpey, Legal & General Group, Wolters Kluwer, Next.
Equities:
European stocks are set to open higher Wednesday as investors continue to digest earnings and the increase in Delta-variant Covid-19 cases.
U.S. stocks advanced broadly Tuesday, bouncing back from earlier losses to bring the S&P 500 to a closing high.
A solid earnings season has helped bolster investors' optimism that stocks can continue to grind higher following an already strong 2021 rally. Money managers are counting on continued support from central banks and economic data that still shows growth to further support markets.