Markets in Europe are expected to open on a strong note on Wednesday tracking the bullish momentum in the Asian markets as well as the rally in Wall Street, a day earlier. Sentiment recovered considerably after U.S. Treasury Secretary Janet Yellen on Tuesday said the government could backstop more deposits if necessary to stop contagion. Anxiety ahead of the Fed's review could however limit gains.
Wall Street had closed on a strong note on Tuesday as the announcement generated lot of relief. The Nasdaq Composite added 1.58 percent to close at 11,860.11 whereas the Dow Jones Industrial Average gained 0.98 percent to finish trading at 32,560.60.
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