A look at the day ahead in European and global markets from Ankur Banerjee:
Investors are holding back on big bets as COVID curbs in China keep risk appetite in check, while the focus is shifting firmly to the Fed minutes due to be released later on Wednesday.
The market has been looking, almost clamouring, for signs of slowdown in the pace of interest rate hikes. The oft-looked-for but not-yet-sighted Fed pivot might be on the horizon. Or so the market hopes.
Wednesday also happens to be PMI day with preliminary November readings scheduled to be released across the globe, with data from the UK and euro zone likely to take the centre stage.
And so, the dollar DXY remains on guard, Asian equities mostly tracked Wall Street gains and gold stayed flat GOLD.
Elsewhere, the turmoil in the crypto world rumbles on, with New York Times reporting that Genesis Global Capital has hired investment bank Moelis & Company to explore options including a potential bankruptcy for the troubled cryptocurrency lender.
Key developments that could influence markets on Wednesday:
Economic events: November flash PMI data from Europe, UK
Speakers: Bank of England's Huw Pill, UK finance minister Jeremy Hunt answers budget questions from House of Commons' Treasury Committee
Riksbank to hold monetary policy meeting
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