European markets to open mixed amid geopolitical worries

Big 5

European bourses are expected to open mixed on Wednesday morning as investors continue to digest a drumbeat of geopolitical news which has fueled the buying of safe-haven assets such as gold.

The FTSE 100 is seen 4 points lower at 7,369; the DAX is expected to open up by 33 points at 12,163 and the CAC is set to open 4 points higher at 5,104.

Wednesday will see Spain release consumer price inflation data at around 8 a.m London time with the U.K. expected to report unemployment data at around 9.30 a.m.

German Chancellor Angela Merkel is poised to convene a meeting of her Cabinet on Wednesday in order to discuss Brexit, as well as the negotiating guidelines of the EU before a special summit on April 29.

In France, centrist presidential candidate Emmanuel Macron will hold a meeting in the southwestern city of Pau with less than two weeks to go until the first round of the two-stage election process.

Macron will attend alongside three time presidential candidate Francois Bayrou, a key supporter of the former economy minister.

U.S. Secretary of State Rex Tillerson travels to Moscow on Wednesday where he will meet with his Russian counterpart Sergey Lavrov to discuss Ukraine, counterterrorism, bilateral relations, and other issues, including the Korean Peninsula and Syria.

Meanwhile, the United Nations Security Council will host a meeting regarding the ongoing Syrian conflict.

Source: CNBC

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