29.04.202606:04:50UTC+00European Stocks Poised for Higher Open

European equity markets were poised to open higher on Wednesday as investors braced for a busy session of corporate earnings and key economic releases across the region. Major companies due to report include TotalEnergies, Porsche, Mercedes-Benz Group, Iberdrola, and Lloyds Banking Group, among others.

In corporate news, Swiss banking giant UBS reported a first-quarter net profit of $3 billion, an 80% increase from a year earlier. Deutsche Bank also posted better-than-expected profit and revenue, supported by robust performances in trading, asset management, and retail banking. Adidas delivered upbeat results as well, driven by strong demand for its football, running, and training products.

On the macroeconomic front, investors will focus on Eurozone economic sentiment indicators, as well as inflation data from Germany and Spain. In premarket action, futures on both the Euro Stoxx 50 and the Stoxx 600 were up around 0.2%.