European markets are expected to maintain positive momentum

LONDON — European stocks are expected to rise on Wednesday, continuing the positive sentiment seen in global markets since the start of the week.

Great Britain FTSE Germany’s index is expected to rise 7 points to 8,557 DAX up 98 points to 21,140 in France CAC 40 rose by 13 points to 7786 and in Italy FTSE MIB up 123 points to 36,311, according to IG data.

Earlier this week, global stock markets traded higher as investors digested the first executive orders that newly inaugurated US President Donald Trump signed on Monday.

The gain in the market was explained by the fact that while Trump issued wide-ranging memo ordering federal agencies to evaluate what he considers unfair trade policies with foreign countries, he did not approve the new fees on his first day back in office. Investors took that as a sign that he may be less enthusiastic about imposing tariffs than previously expected.

Asia-Pacific markets mostly grown overnight, so far S&P 500 futures rose last night after the first trading session since Inauguration Day ended with strong gains.

The impact that a second Trump presidency could have on the global economy and geopolitics was a key talking point at the World Economic Forum in Davos, Switzerland.

CNBC continues its coverage of the annual forum, with Antonio Guterres, the secretary-general of the United Nations, scheduled to speak at 11:30 a.m. Davos time. Spanish Prime Minister Pedro Sánchez will speak at 3:45 p.m

CNBC guests include NATO chief Mark Rutte, Polish president Andrzej Duda and Sanchez.

Dutch Prime Minister Deek Schoof, the United Arab Emirates’ ministers of economy and trade, Saudi Arabia’s Finance Minister Mohammed Al-Jadan and Finnish President Alexander Stubb will also speak to CNBC at the forum on Wednesday.

No big data in Europe on Wednesday, but easyJet will release its latest earnings report.