European markets set for a muted open ahead of Trump-Kim meeting

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European stocks are expected to dip into the red at the start of Wednesday's session, as investors digest the latest political and economic news from around the world.

The FTSE 100 is seen lower by 14 points at 7,143, while the German DAX is set to open down some 10 points at 11,540 and the French CAC 40 is expected to start down in the red by 13 points at 5,233; according to IG.

Stocks in Asia posted slight gains ahead of the market open in Europe, as investors pay close attention to an upcoming meeting between the leaders of North Korea and the U.S. President Donald Trump and North Korean leader Kim Jong Un are due to meet in the Vietnam capital of Hanoi on Wednesday, with the summit looking to work on relations between the two nations, along with the denuclearization of the Korean Peninsula.

A slew of companies are expected to publish updates on Wednesday, including Bayer, Safran, Lego, Taylor Wimpey, and Rio Tinto. On the economic front, consumer and business confidence for the euro zone is scheduled to be released during the morning part of the session.

 

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