European stocks may open higher Wednesday on optimism over U.S.-China trade talks. Investors are pinning hopes that a positive outcome from the discussions between U.S. and Chinese officials would help the two nations strike a long-term trade deal and result in economic revival in China.
Telecom stocks could be in focus after the Nikkei Asian Review reported that Apple Inc. is cutting its current production plan for new iPhones by about 10 percent for the next three months. The move indicates that the smartphone maker is expecting a further hit this year.
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Market Analysis
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.