European markets traded lower at the opening hour on Wednesday. The British FTSE was last trading marginally lower. French CAC was trading 0.75% in the red. The biggest European market by volume, German DAX was too trading 0.18% lower.

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The European markets rallied on Tuesday. Key indices rose 2% each in the previous session.

The Wall Street indices also ended higher in the previous session. Dow ended 0.4% higher, while S&P and Nasdaq ended 0.52% and 0.58% higher, respectively. Samsung saw 78% drop in it's third quarter profit as chip losses expanded.

The US 10-year yield remained steady at 4.64% ahead of FOMC minutes and key economic data.

The European markets are also taking cues from their Asian counterparts. Japan's Nikkei was trading 0.6% higher. China's Shanghai Composite and Hong Kong's Hang Seng were trading 0.12% down and 1.55% higher, respectively.

Crude oil prices were last trading in the green. Brent crude oil and WTI prices were trading 0.29% and 0.19% higher, respectively. The prices were trading above $85 per barrel.

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First Published:Oct 11, 2023 1:37 PM IST