Stock markets in Europe are expected to open on a mildly positive note on Wednesday amidst the strong rally in Wall Street on Tuesday fueled by Fed rate cut hopes. Anxiety ahead of ECB's interest rate decision on Thursday, the spike in Middle East tensions as well as worries about the release of inflation readings from the U.S. are however likely to limit gains.
Wall Street had closed at record highs on Tuesday as a massive downward revision to the jobs data cemented hopes of a quarter-percentage rate cut by the Federal Reserve next week. The Dow Jones Industrial Average added 0.43 percent to finish trading at 45,711.34. The Nasdaq Composite also rallied 0.37 percent to close trading at 21,879.49.
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