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European stocks head for higher open as markets monitor Ukraine, growth outlook

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European stocks are expected to open higher on Wednesday as investors monitor developments in Ukraine and assess the IMF's latest global economic forecasts.

Investors are also digesting the latest gloomy global economic forecasts from the International Monetary Fund and World Bank.for 2022 and 2023, saying the economic impact from Russia's invasion of Ukraine will "propagate far and wide." On Monday, the World Bank lowered its global growth forecast for 2022 by nearly a full percentage point, from 4.1% to 3.2%, citing the pressure that Russia's invasion of Ukraine has placed on the global economy.

Data releases include euro zone industrial production for February and new car registrations for March in a number of European countries including the U.K., Germany and France.

 

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”growth outlook”! 🤭

May be blinded by the illusion.

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