European markets are set to open in positive territory on Wednesday, bucking the trend in global markets where there are widespread concerns over the coronavirus outbreak and a slump in oil prices.
London's FTSE is seen opening 32 points higher at 5,677, Germany's DAX is seen 34 points higher at 10,292, France's CAC is expected to open 11 points higher at 4,375 and Italy's FTSE MIB is seen 78 points higher at 16,449, according to IG.
Markets in Asia were trading lower Wednesday afternoon on the back of sharp losses in the oil markets Tuesday. European markets are set to open in positive territory on Wednesday, apparently defying widespread concerns over the coronavirus outbreak and a slump in oil prices.
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