Market Overview

European stocks opened higher on Wednesday, with traders digesting a flurry of earnings reports from major corporations including TotalEnergies, Stellantis, and GSK, among others. The market's attention was also on upcoming economic data releases from Italy, Germany, and the eurozone.

Key Performers

Notable movers included Deutsche Post, which surged 3.56%, and Smith & Nephew, up 6.02%. The DAX and Euro Stoxx 50 saw modest gains, while the FTSE 100 and CAC 40 also advanced. Currency markets remained steady, with the euro and pound showing little movement against the dollar.

Economic Data in Focus

Investors are keenly awaiting key economic updates, including inflation and GDP figures from Italy and Germany, as well as eurozone GDP data. Earlier releases such as German retail sales and French inflation have set the stage for a busy day in financial markets.