European markets are expected to open broadly higher Wednesday following the U.S. Federal Reserve's surprise rate cut on Tuesday.
The rate cut was seen as a reaction to the global coronavirus outbreak but also increasing market anxiety over its spread.
In China, a total of 80,270 people have been infected, with 49,856 people discharged and 2,981 dead, according to government figures while South Korea's total confirmed cases stands at 5,328 as the death toll climbed to 32, according to KCDC data. On Wednesday, U.S. stock index futures pointed to a higher Wednesday open as early voting on Super Tuesdayand reassuring investors of his place amid the top candidates in the Democratic pool.
On the earnings front, Dialog Semiconductor, Legal & General and Lego Group report earnings. A final Purchasing Manager's Index for services in February comes from the euro zone, as well as retail sales for January.Related Tags
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