An aerial drone view shows the Reichstag (upper left corner) in Berlin, Germany, on February 22, 2025.
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LONDON — European stocks are seen opening broadly higher on Wednesday, maintaining positive momentum seen earlier this week on hopes that the U.S. government shutdown will end soon.
The U.S. government could reopen as soon as the end of this week after the Senate on Monday eveningpassed a spending billthat has since moved to the House of Representatives for a final vote.
The U.K.’s FTSE index is expected to open unchanged, Germany’s DAX up 0.4%, France’s CAC 400.25% higher and Italy’s FTSE MIB up 0.22%, according to data from IG.
On Wednesday, earnings are due from Infineon Technologies, E.ON, Experian, Alcon, RWE, Bayer, Swiss Life, Poste Italiane, SSE and ABN Amro.
In Asia Pacific markets overnight, SoftBank Group shares fell as much as 10% after the company said it sold its entire stake in U.S. chipmakerNvidiafor $5.83 billion.
In its earnings report, the Japanese conglomerate saidit sold 32.1 million Nvidia shares in October, and also trimmed its T-Mobile position, raising $9.17 billion.
In the U.S., stock futures were relatively flat Tuesday night following a session where investors sold off technology names, including Nvidia, and drove a rally in more risk-off parts of the market.
Talks of a stock market bubble have not dissipated either, but investors are showing more discernment between which tech giants appear to have a leg-up in the AI race.
— CNBC’s Pia Singh contributed to this market report.
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