European markets are set for a muted open on Wednesday as investors await euro zone economic data and the U.S. Federal Reserve's latest meeting minutes.
U.S. stock futures were fractionally lower 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 will be assessing Wednesday's flash November PMI readings from the euro zone for indications on the health of economic activity across the 19-member bloc.Britain's FTSE 100 is seen around 12 points higher at 7,464, Germany's DAX is set to add around 25 points to 14,447 and France's CAC 40 is expected to gain around 15 points to 6,673.
Electric vehicles are fast gaining traction, particularly in China, the largest EV market in the world. But UBS believes autonomous driving will be an even bigger megatrend than electrification — with a market size in China alone of around $100 billion by 2030.
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