European stocks are set to open slightly lower Wednesday morning, amid investor caution ahead of an expected U.S. interest rate cut.
European Markets: FTSE, GDAXI, FCHI, IBEXset to conclude their two-day meeting later in the session.
A quarter-point rate cut is seen as a near-certainty, but investors are also expected to closely monitor the central bank's statement and economic projections.kingpin Saudi Arabia announced that full oil production would soon be restored.attacked on Saturday , knocking out 5.7 million barrels of daily crude production or more than half of the kingdom's output.
Energy Minister Prince Abdulaziz bin Salman said in a press conference on Tuesday that oil production capabilities were fully restored, and that oil output would be back to pre-attack levels by the end of September.BrexitIt comes shortly after British Prime Minister Boris Johnson's first face-to-face meeting with Juncker, with the EU's top executive telling the U.K. premier that it isOn the data front, the U.K.
The euro zone will publish a final reading of harmonized inflation data slightly later in the session.
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