European stocks head for mixed open as global markets struggle for direction

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European stocks are expected to open in mixed territory on Wednesday with global markets struggling for direction.

The mixed sentiment in Europe follows a patchy session for markets elsewhere on Tuesday and overnight.

ticked marginally higher in overnight trading after the market rally stalled Tuesday, with major indexes ending the regular session slightly lower.in Wednesday afternoon trade, with multiple markets in Southeast Asia closed for a holiday. Investors are awaiting a speech from Federal Reserve Vice Chair Randal Quarles on Wednesday as concerns surrounding inflation and potential tapering continue.

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Markets are still under perfusion, just in case they would collapse. The lift upwards is played by too many traders which have sent valuations too high.

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