European equity markets were poised to open flat to slightly lower on Wednesday, as investors stayed cautious in the wake of a global selloff in technology shares fueled by mounting concerns over AI-related valuations. Sentiment was further tempered by a wait-and-see stance ahead of Micron Technology’s latest earnings release.
Market participants also monitored progress in US–Iran peace talks amid indications of improving shipping activity through the Strait of Hormuz. Nonetheless, uncertainty persisted over whether Tehran has agreed to allow UN inspections of its nuclear facilities.
In Europe, focus will shift to Germany’s June business climate survey, with no major corporate earnings releases on the calendar. In premarket trade, Euro Stoxx 50 and Stoxx 600 futures were broadly steady to marginally lower.
