European stocks are poised for a slight increase amid mixed market sentiment, following Nvidia's disappointing earnings forecast that impacted Asian semiconductor stocks. Meanwhile, shares of India's Adani Group plummeted after its chairman faced federal bribery charges, with significant losses across its companies. Concerns over stretched market valuations and inflation persist, as Federal Reserve officials express caution regarding economic stability.
British Land Co. reported a 0.2% increase in the value of its UK property portfolio in the first half of the year, driven by strong performance in the retail sector. The real estate investment trust leased 1.7 million square feet of space at rents 8% higher than anticipated.
European markets are set to open higher as traders monitor escalating tensions in the Ukraine-Russia conflict. The U.K.’s FTSE 100 is expected to rise 4 points, while Germany’s DAX, France’s CAC, and Italy’s FTSE MIB are projected to gain 46, 23, and 118 points, respectively. Key earnings reports from Severn Trent and British Land, along with U.K. inflation data, are also on the agenda.
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