European stocks are expected to open strong on Wednesday amidst an anxious wait for policy hints from the U. S. Fed and slightly easing negative sentiment surrounding the Chinese property giant China Evergrande. Markets also seem to be expecting that the Fed would try to calm the markets before actually embarking on a tapering exercise.
Overnight the American stock indices had showed lackluster performance as Nasdaq-100 edged up 0.10 percentage to close at 15,027.77, whereas Dow Jones Industrial Average declined further by 0.15 percent to end at 33,919.84. "Evergrande" continued to haunt investors ahead of Thursday's scheduled coupon payments on the embattled company's bonds.
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