European markets are heading for a positive open Wednesday as investors look ahead to preliminary purchasing managers’ index (PMI) data from the euro zone in January.
The composite services and manufacturing PMI data will give investors a gauge of business activity in the single currency area, ahead of the European Central Bank’s next meeting on Thursday.
Overnight in Asia-Pacific markets, Hong Kong’s Hang Seng index surged almost 2%, powered by tech stocks as other regional markets mostly fell.
U.S. stock futures tied to the tech-heavy Nasdaq 100 climbed Wednesday morning after Netflix reported its subscriber count reached a record in the fourth quarter.