Focus on results and ECB policy

European equities should open slightly higher on Wednesday morning, as market participants prepare for an accommodating result at the next monetary policy meeting of the European Central Bank (ECB).

The FTSE 100 is up 8 points to 7,564 points, the ACC is expected to open around 10 points at 5,628 points, while the DAX is expected to start 45 points higher at 12,535 points, according to IG.

The market is at the center of concerns of global central banks, while the ECB and the Federal Reserve may soon reduce their interest rates.

We saw the ECB cut rates by 10 basis points on Thursday as the US central bank cut rates by 25 basis points at the end of the month.

The prospect of a wave of policy stimulus seemed to dampen the impact of the latest deterioration by the International Monetary Fund (IMF) of its global growth forecasts.

The global economy is expected to grow by 3.2% in 2019, the fund said Tuesday. This figure is 0.1% lower than previously forecast, as the Washington-based institute reported on current concerns over the US-China trade war, Brexit, and inflation rates. mute.

In the UK, Boris Johnson will begin his government's training process later in the session, as he enters Downing Street to formally succeed Theresa May as prime minister.

The new leader of the conservative party insisted that the UK should leave the EU before the deadline of 31 October, "whatever happens".

On the data front, investors will likely closely monitor the latest flash readings of Markit's PMI (Purchasing Managers' Index) for France and the enlarged euro zone on Wednesday morning.

The Confederation of British Industries (CBI) of the United Kingdom is also expected to publish its index of commercial optimism for the third quarter around 11 am London time.

Deutsche Bank, Daimler and Peugeot are among the companies expected to publish their latest quarterly figures on Wednesday.