European markets opened near flatline on Wednesday. The British FTSE was last trading flat. French CAC was trading marginally in the red, while the biggest European market by volume, German DAX was marginally higher.

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The Wall Street indices ended lower in the previous session. Dow ended 0.05 percent lower, while S&P and Nasdaq closed 0.57 and 1.04 percent lower, respectively. Oracle shares tumbled 13 percent on Tuesday.

The investors are awaiting the US consumer price index data for the month of August due later today. According to economists, the overall CPI inflation rate should climb to 3.6 percent on an annual basis from July's 3.2 percent and June's 3 percent. According to economists, the overall CPI inflation rate should climb to 3.6 percent on an annual basis from July's 3.2 percent and June's 3 percent.

The European markets are also taking cues from their Asian counterparts. Japan's Nikkei was last trading 0.21 percent lower, while China's Shanghai Composite was trading 0.45 percent lower at the last count. Hong Kong's Hang Seng was trading 0.13 percent lower.

Crude oil prices hovered near 10-month high on Wednesday. At the last count, Brent crude oil was trading 0.39 percent higher at $92.41 per barrel. WTI prices, too, were trading 0.39 percent higher at $89.22 per barrel.

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First Published:Sept 13, 2023 1:22 PM IST