This is C온라인카지노사이트's live blog covering European markets.

UK doing a ‘fairly good job’ on foreign policy and trade deals, economist says

Kallum Pickering, chief economist at Peel Hunt, discusses the recent trade deals the U.K. has agreed with the U.S., India and European Union.

Europe ‘will only get better,’ Cisco CEO says

Cisco CEO Chuck Robbins told C온라인카지노사이트's Karen Tso this morning that he sees a positive future for the European market, after the company it would open a new global AI hub in Paris, France.

The site will be used to train 230,000 people in AI and digital skills within the next three years.

Robbins said he had been speaking with European officials since January's World Economic Forum in Davos, Switzerland.

"It's clear that Europe is really thinking hard and beginning to move forward on a different approach, regulation that encourages innovation, and a real focus on building national champions and building technology that the continent and the countries here to actually take advantage of these technology waves," he said. "It's always been a great market for us, we've always been here, we love it here, but we think it will only get better as we go to the future."

However, he emphasized that Europe needed to move "quickly" to keep up with developments in the AI space.

"We think of ourselves as being a European [company] when we're operating here, we've been here for a very long time, and I think if you look at the announcements going on all around the world it's clear that this AI revolution is moving incredibly fast — so I don't think it's unique to Europe, I think every country around the world needs to move as fast as it possibly can to be prepared for this wave and it's coming at us very quickly," he said.

Asked about the impact U.S. President Donald Trump's tariffs would have on Cisco's operations, Robbins responded: "we are where we are."

"What we need is some clarity around where it ends, what is the ultimate resolution? The business community and the markets, the one thing they can't stand is uncertainty, and that's where we are right now, we just don't know where this is going to end," he said.

"We're in a lot of communication with the White House, and we're hoping to do whatever we can to be a partner to them to help get these deals over the line, or whatever it is we need to do to make sure we get this done." 

— Chloe Taylor

European stocks open lower

It's a little past the opening bell in London and the is trading 0.2% lower, with most major sectors and bourses in negative territory.

London's  is currently 0.1% lower, France's  is down 0.35%, and the  is 0.17% lower. The utilities, telecom, and technology sectors are in the green.

— Sawdah Bhaimiya

M&S cyberattack to cost retailer $400 million

British retail giant M&S said Wednesday that a recent cyberattack, which brought online sales to a standstill and left food shelves bare, would cost it around £300 million ($403 million) in operating profit.

The company, known for its clothing, homeware and food products, said disruption from the "highly sophisticated and targeted cyber-attack" would run into July and result in increased stock management costs in the second quarter.

It added that the financial impact would be reduced through management of costs, insurance and other trading actions, with costs related to the incident to be presented separately as an adjusting item.

The cyberattack, which occurred over Easter, wiped over £1 billion from M&S' stock market value and sent shock waves across the industry, with hackers also targeting the Co-op and Harrods.

M&S reported a 22% rise in profit before tax and adjusting items to £875.5 million, its highest level in 15 years.

— Karen Gilchrist

Sterling jumps after UK inflation print

The British pound jumped by around 0.4% against the U.S. dollar immediately after the U.K.'s annual inflation print for April was published, with the figure coming in at a hotter-than-expected 3.5%.

Sterling was 0.5% higher against the greenback by 7:27 a.m. in London, trading at around $1.346.

— Chloe Taylor

UK inflation jumps to 3.5% in April

The U.K.'s annual inflation rate hit 3.5% in April, coming in above analyst expectations, according to data released by the Office for National Statistics on Wednesday.

Economists polled by Reuters had anticipated the consumer price index would reach 3.3% in the twelve months to April.

The latest data release comes against a recent trend of cooling inflation, with the rate of price rises slowing to 2.8% in February and 2.6% in March.

Core inflation, which excludes more volatile energy, food, alcohol and tobacco prices, rose by 3.8% in the year to April, up from 3.4% in the twelve months to March.

— Holly Ellyatt

European markets head for a flat to lower open

Good morning from London and welcome to C온라인카지노사이트's live blog covering the latest action in European markets as well as business news, analysis, earnings and data.

Here are the opening calls on Wednesday:

European bourses are expected to open around the flatline, with London's FTSE seen opening 5 points higher at 8,781, Germany's  1 point higher at 24,012, the French  down 5 points at 7,933 and Italy's down 27 points at 40,548, according to data from IG.

— Holly Ellyatt

What to keep an eye out for today

Here are a few things for investors to look out for on Wednesday.

Earnings reports are set to come from , , and .

On the data front, U.K. inflation figures for April will be published at 7 a.m. London time. We'll bring you the numbers and quick analysis on the data then.

— Holly Ellyatt

Overnight action in Asia-Pacific and U.S. markets

traded mostly higher overnight, although Japan's benchmark  slipped 0.23% after the country reported that exports slowed for a second straight month as the country reels under U.S. President Donald Trump's sweeping tariffs.

South Korea's  climbed 0.58%, while the small-cap Kosdaq traded 0.95% higher. Australia's benchmark S&P/ASX 200 climbed 0.43%. Hong Kong's rose 0.45% at the open, while mainland China's CSI 300 traded flat.

Meanwhile, in the U.S., S&P 500 futures wavered Tuesday night after a losing session on Wall Street that snapped a winning streak.

Futures tied to the  shed 0.1%, as did .  lost 59 points, or 0.1%.

Tuesday night's action comes after a  for the three major averages. The  ended a six-day winning streak, while the  had its first negative day in three. The  fell more than 100 points, breaking a three-day positive streak.

— Holly Ellyatt, Lee Ying Shan, Alex Harring