European markets are expected to expect a positive movement

LONDON – European shares are expected to open higher on Wednesday, continuing the positive sentiment seen in global markets from the beginning of the week.

UK FTSE The index is expected to open at 8,557, in Germany, 7 points higher DAX 98 points in 21,140, ​​France CAC 40 13 points in 7,786 and Italy FTSE MIB It rose 123 points at 36,311, according to data from IG.

Global stock markets traded higher as investors digested the first executive orders signed by newly-elected US President Donald Trump on Monday earlier this week.

The gains in markets came as Trump issued a sweeping memo directing federal agencies to review what he sees as unfair trade policies with foreign countries, but stopped short of authorizing new tariffs on his first day in office. Investors took it as a sign that they might be less gung-ho than previously expected about the implementation of tariffs.

Asia-Pacific markets were mostly up overnight, with S&P 500 futures rising late last night after the first trading session after the post-secondary day ended with strong gains.

The potential impact of Trump’s second term on the global economy and geopolitics was a key topic of discussion at the World Economic Forum in Davos, Switzerland.

CNBC’s coverage of the annual forum continues, with UN Secretary-General Antonio Guterres speaking at 11:30 a.m. Davos time. Spanish Prime Minister Pedro Sanchez will speak at 3:45 p.m

CNBC’s guest highlights include NATO leader Mark Rutte and Polish President Andrzej Duda and Sanchez.

Dick Schoof, Prime Minister of the Netherlands, UAE Economy and Trade Ministers, Saudi Arabia’s Finance Minister Mohammed Al Jadhan and Finland’s President Alexander Stubb will speak to CNBC at the forum on Wednesday.

There are no major data releases in Europe on Wednesday, but EasyJet will issue its latest earnings report.