European markets were mostly higher on Wednesday as investors digested euro zone economic data and awaited the U.S. Federal Reserve’s latest meeting minutes.
The pan-European Stoxx 600 index was up 0.2% by late morning, with mining stocks adding 1.5% while autos fell 0.9%.
U.S. stock futures were fractionally higher in early premarket trade on Wednesday as investors look ahead to the publication of minutes from Fed’s November meeting, seeking clues on the direction of monetary policy.
Global markets have taken some heart from recent, lower-than-expected consumer and wholesale inflation prints in the United States, prompting bets that the Fed would have to slow its aggressive interest rate hikes.
European investors were also inspecting Wednesday’s flash November PMI (purchasing managers’ index) readings from the euro zone for indications on the health of economic activity across the 19-member bloc.