Investing.com - European stock markets are expected to open lower Wednesday, as investors awaited comments from Fed Chair Jerome Powell while digesting more quarterly corporate earnings.European equities are likely to trade in a muted fashion Wednesday, as markets largely adopt a holding pattern ahead of two days of commentary fromHowever, Fed commentary this week has tended to warn against complacency in the fight against inflation.
That said, the International Monetary Fund said earlier Wednesday that the ECB should hold its key deposit rate close to its record high 4% level through all of next year to extinguish price pressures.), France's second-largest listed bank, posted better-than-expected quarterly results, driven by a strong performance of its investment bank and retail activities.) reported that its net profit more than tripled in the third quarter, with the German lender helped by higher interest rates.
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