Stock markets in Europe are set to open positively following Wall Street’s record highs fueled by hopes of a Fed rate cut. ECB interest rate decision and Middle East tensions may limit gains. Wall Street closed at record highs, with Dow Jones adding 0.43 percent and Nasdaq rallying 0.37 percent. European markets closed mixed amidst ECB anticipation. Asian markets are positive, with KOSPI surging 1.7 percent. Dollar Index trades at 97.71, EUR/USD at 1.1715. Gold prices near flatline, while Brent Crude trades at $67.06. U.S. producer price inflation data awaited. Earnings updates expected from companies including Inditex and Old Mutual.

Read more at Nasdaq: European Markets Seen Opening Positive On Wednesday