European markets are set for a tepid open on Wednesday after weak Chinese economic data resurfaced worries that global growth is slowing.
Elsewhere, the Institute of International Finance revealed on Tuesday that global debt soared to a record $300 trillion in the second quarter. However, debt-to-GDP declined for the first time since the onset of the Covid-19 pandemic as growth recovered.
European investors also have on eye on the upcoming German federal election on September 26, with polls suggesting the race is still too close to call as voters try to decide a successor to Chancellor Angela Merkel. European Commission President Ursula von der Leyen is scheduled to deliver the State of the Union address at 8 a.m. London time.
A host of inflation data is due throughout Wednesday morning from the U.K. and across the euro zone, while earnings come from
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