European markets show cautious optimism over Middle East ceasefire
The City of London skyline at sunset.
Gary Yeowell | Digitalvision | Getty Images
Good morning from London, and welcome to CNBC's live blog covering European financial markets action on Wednesday, and the latest regional and global business news, data and earnings.
Futures data from IG suggests a positive start for European markets, with London's FTSE looking set to open unchanged at 8,764, Germany's DAX up 0.2% at 23,699, France's CAC 40 flat at 7,625 and Italy's FTSE MIB also up 0.3% at 39,673.
Global market sentiment rose Tuesday on bets that the ceasefire between Iran and Israel could last, after a shaky start to the truce that saw President Donald Trump lambast both countries for violations.
Traders are also digesting the latest comments from the U.S. Federal Reserve Chair Jerome Powell, who said Tuesday that the central bank was committed to keeping inflation in check, and would likely keep rates steady until there's more clarity on how trade tariffs might affect prices.
Powell said policymakers were "well positioned to wait to learn more about the likely course of the economy before considering any adjustments to our policy stance."
— Holly Ellyatt
The NATO summit in the Netherlands.
Haiyun Jiang | Via Reuters
European markets will be keeping a close eye on events in the Middle East on Wednesday to see if a fragile ceasefire continues between Israel and Iran.
Meanwhile, the NATO summit in the Netherlands concludes Wednesday, with the alliance's 32 member states expected to issue a formal joint statement on hiking their defense spending target from 2% to 5% by 2035. President Donald Trump joined the summit Tuesday evening.
CNBC's Steve Sedgwick is in The Hague for the gathering and will be speaking to Finnish President Alexander Stubb and German Foreign Minister Johann Wadephul today.
On the data front, French consumer confidence and Spanish gross domestic product figures are due.
— Holly Ellyatt
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'The UK is another puzzle piece in the larger globalization of the brand,' said Lara Krug, the team's chief media and marketing officer, echoing a franchise theme of becoming the ' world's team.' Krug led the team's delegation that included business, social media and public relations representatives. Besides marketing agencies, they also met with NFL officials. The takeaways were clear for growing the Chiefs' fanbase. 'One, that 12-to-24 (aged) audience is where there is the biggest opportunity,' she told The Associated Press. '(They're) very much into the cultural part of the NFL and the Americana of it all.' Second, find creative ways to connect to local fans. The Chicago Bears did soccer-style jerseys last year for their London game. 'The league and the clubs have done a great job on growing the game,' Krug said. 'We see the opportunity of reaching more fans and doing it from a cultural lens.' 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Mexico is next highest with 10. ___ AP NFL: recommended
