Investing.com - European stock markets are seen opening mostly higher Wednesday, taking their lead from a record-breaking session on Wall Street, as the global economic outlook improves based on optimism over potential coronavirus vaccines.
At 2:05 AM ET (0705 GMT), the DAX Futures contract in Germany traded 0.3% lower, but CAC 40 futures in France climbed 0.2% and the FTSE 100 futures contract in the U.K. rose 0.3%.
Overnight, the Dow Jones Industrial Average rose 1.5% to close above 30,000 for the first time, while the S&P 500 gained 1.6%, to 3,635.41, also a record high. The Nasdaq Composite added 1.3%.
Increased certainty in the U.S. political process, with President-elect Joe Biden finally formally beginning the transition to the White House, has helped market confidence.
But the major factor has been growing optimism that vaccines to treat Covid-19 will be available soon, with AstraZeneca reporting positive results for its candidate on Monday.
Pfizer and BioNTech have already filed for emergency use authorization for their drug, while Moderna said last week it expects to submit its filing in the coming weeks after establishing its drug's effectiveness.
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