European markets set for a strong rebound, encouraged by Wall Street

Regional markets have seesawed since Monday's sharp global market declines; European markets opened higher on Tuesday but turned lower later in a choppy trading session.

However, Wall Street’s rebound on Tuesday, which broke three days of losses, is helping to lift global sentiment. Asia-Pacific markets were up overnight, while U.S. stock futures were higher on Tuesday evening.

The U.K.’s FTSE index is expected to open 102 points higher at 8,120, Germany’s DAX up 208 points at 17,526, France’s CAC 40 up 104 points at 7,220 and Italy’s FTSE MIB up 437 points at 31,670, according to analysts.

European data releases include the U.K.’s Halifax House Price Index and German industrial production and trade balance figures while earnings are expected from Maersk, Novo Nordisk, Commerzbank, Siemens Energy, Continental, Puma, Illimity, Ahold Delhaize, ABN AMRO, Legal & General, Glencore, and WPP on Wednesday.