CNBC4/29/2026Business
European Stocks Set to Open Lower as Investors Await Earnings, React to UAE OPEC Exit
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- European stock markets are expected to open lower on Wednesday, with the FTSE 100 seen down 0.15%, as investors digest the UAE's shock announcement to exit OPEC on May 1 and await key earnings reports from major companies including UBS, Deutsche Bank, and TotalEnergies.
- The move complicates global oil supply outlook amid continued Strait of Hormuz blockade concerns.
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European stock markets are expected to open lower on Wednesday, with the FTSE 100 seen down 0.15%, as investors digest the UAE's shock announcement to exit OPEC on May 1 and await key earnings reports from major companies including UBS, Deutsche Bank, and TotalEnergies. The move complicates global oil supply outlook amid continued Strait of Hormuz blockade concerns.
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This article was originally published by CNBC.
