European bourses are expected to open on a cautious note on Wednesday as sentiments remain weak amidst worries of a global slowdown and pain-points from the war in eastern Europe. Russian gas giant Gazprom reportedly threatening Poland and Bulgaria with a cut in gas supplies for not paying in Russian rubles is likely to impact market sentiment. Strict covid curbs in China and its impact on global supply chain and economic growth would also be weighing on the investor sentiment.
Meanwhile, date release before hours showed Germany's Gfk Consumer confidence number for the month of May decreasing to -26.50 points from -15.70 points in the previous month. Markets were expecting a reading of -16.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.