FX.co ★ European Markets Set for Higher Open

European stocks were set for a higher opening on Wednesday, recovering from the previous day's downturn driven by regional fiscal concerns. On Tuesday, stock markets experienced a decline as worries about debt sustainability in large economies led to a significant rise in bond yields. The UK’s 30-year government bond yield surpassed 5.65%, marking its highest level since 1998, while France’s 30-year yield reached 4.5%, the highest since 2009, ahead of the upcoming no-confidence vote. Additionally, investors are keeping an eye on the Turkish inflation data being released today. On the corporate front, financial results are anticipated from Helvetia Holding and Swiss Life Holding. In early trading, futures for the Euro Stoxx 50 and Stoxx 600 indices each increased by approximately 0.3%.