European stocks are heading for a flat to mixed open Wednesday as positive sentiment wavers in the region, spurred by market volatility in China.
Regional markets traded and closed lower Tuesday, with all major bourses and the majority of sectors trading in the red during the day. The lackluster session came after a shaky start to the week, with investors responding to a slowdown in China's stimulus rally.U.S. stock futures
Boston Federal Reserve President Susan Collins said Tuesday she expects more interest rate cuts ahead as inflation eases and the labor market cools. The central bank official noted that the Fed's"dot plot" after its September meeting pointed to an additional 50 basis points, or half percentage point, in reductions before the end of the year, though she did not specify whether she agrees with the consensus.The U.S. trade deficit fell more than 10% in August as exports surged, imports declined and the shortfall with China shrunk.
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