breaking

European Stocks Set to Rebound as Earnings Season Gathers Steam

European equities are positioned for a higher opening Wednesday following Tuesday's selloff, driven by geopolitical uncertainty and domestic political turbulence. Major earnings announcements from Allianz, Deutsche Telekom, Zurich Insurance, Eon, Merck, RWE, Hapag-Lloyd and Porsche are expected to guide trading. German industrial powerhouse Siemens announced a €6 billion share repurchase program spanning five years after posting net profit that beat forecasts. Market sentiment remains fragile as tensions over the U.S.-Iran conflict persist, with little indication of near-term resolution. British government bonds strengthened, with the 10-year gilt yield rising 10 basis points. Investors are closely monitoring the upcoming U.S.-China summit between President Trump and Xi Jinping. Trade and Middle East tensions feature prominently on the agenda.