European markets head for mixed open as investors digest U.S. inflation report; UK economy grows slightly

European markets are poised for a mixed open on Wednesday following the release of the latest U.S. inflation report. Regional markets saw gains on Tuesday after U.S. inflation figures showed a 0.4% increase for February and a 3.2% rise from a year ago. U.S. stocks rallied in response, with the S&P 500 and Nasdaq Composite both gaining over 1%. U.S. stock futures remained calm after the Wall Street gains, while Asia-Pacific markets showed mixed performance. In Europe, Inditex, Adidas, and VW are scheduled to release earnings, and euro zone industrial production figures for January will be published. The UK’s GDP grew 0.2% in January, following a 0.1% fall in December. The UK economy entered a technical recession in Q4 of 2023. Goldman Sachs refreshed its “conviction list” of top picks in Asia Pacific for March, adding and removing some key stocks. Nvidia’s stock has seen a significant rise, up over 200% in 2023, despite recent declines. European markets are expected to open in mixed territory.