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European Stocks Seen Higher As Apple Returns To Growth

by Jonathan Adams

European shares may follow their U.S. and Asian peers higher on Wednesday as Apple’s third-quarter earnings topped forecasts and the dollar extended its bounce from 15-month lows against its main rivals. However, oil extended overnight losses on data showing a surprise build in U.S. inventories.

Earnings will continue to be in focus, with Commerzbank, ING Group and Societe Generale reporting their earnings numbers earlier in the day.

In economic releases, shop prices in the United Kingdom fell 0.4 per cent from a year earlier in July, after a 0.3 per cent decline in June, the latest survey from the British Retail Consortium revealed.

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