European markets are poised for a mixed open as investor confidence wavers, signaling potential shifts in the global economic landscape.
This is CNBC’s live blog covering European markets. European markets are heading for a flat to higher open Tuesday as sentiment wavers. Regional markets had a cautious start to the week on Monday as the slew of third-quarter earnings slowed. Overnight, Asia-Pacific markets largely rose, led by gains in tech and Chinese property stocks. Meanwhile, U.S. stock futures flickered near the flat line on Monday evening. On Tuesday, investors will keep an eye out for the minutes from the Federal Reserve’s Oct. 31 to Nov. 1 policy meeting. Traders are hoping to glean some insight into policymakers’ rate decision and learn what it might take for them to change tack. Fed funds futures pricing data suggests a nearly 100% probability that the Federal Open Market Committee will hold steady on rates at its upcoming December meeting. It’s been a big year for Big Tech, with U.S. favorites Nvidia and Meta Platforms among the stocks that have soared in 2023. But for those investors who fear they might have missed the boat, portfolio manager Karen Kharmandarian has an under-the-radar global tech pick. But one equities expert says this may not be the best idea. Instead, he said it’s time to “have a bit of courage” and revealed his favorite areas to invest in. European markets are expected to open in flat to higher territory Tuesday. The U.K.’s FTSE 100 index is expected to open 1 point lower at 7,494, Germany’s DAX up 22 points at 15,931, France’s CAC up 9 points at 7,258 and Italy’s FTSE MIB up 30 points at 29,627.
