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European markets to open higher as focus returns to earnings; Siemens unveils $7 billion buyback

CNBC·Holly Ellyatt·6 months ago
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Traders work on the floor of the New York Stock Exchange during morning trading on April 20, 2026 in New York City.

Michael M. Santiago | Getty Images

LONDON — European stocks are expected to open higher on Wednesday, bouncing back from losses in the previous session.

The U.K.'s FTSE index is seen opening 0.6% higher, Germany's DAX up 0.5%, France's CAC 40 up 0.6% and Italy's FTSE MIB 0.7% higher, according to data from IG.

Earnings reports come from Allianz , Deutsche Telekom , Zurich Insurance , Eon , Merck, RWE , Hapag-Lloyd and Porsche on Wednesday.

German automation giant Siemens has launched a new 6 billion euros ($7.04 billion) share buyback program covering the next five years, after posting a forecast-beating net profit of 2.03 billion euros for the first quarter.

The expected higher open comes after European stocks traded in negative territory on Tuesday as prospects for a speedy resolution to the U.S.-Iran war appeared increasingly remote , and U.K.…

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