European stocks are set to open in positive territory on Wednesday, despite shock data out of the euro zone showing inflation turned negative last month.
Britain's FTSE 100 is seen climbing 40 points to 5,892, Germany's DAX is up 54 points at 13,015 and France's CAC up by 24 points at 4,959, according to IG index data.
Meanwhile, core inflation — which strips off volatile items such as energy prices — sank to 0.4% year on year in August from 1.2% in July, the lowest reading since records began in 2001. In corporate news, Unilever said on Wednesday it would spend 1 billion euros to eliminate fossil fuels from its cleaning products by 2030. The move is aimed at cutting down on carbon emissions created by the chemicals used in making the products, according to Reuters.
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