European markets head for lower open as negative sentiment persists

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European markets head for lower open as negative sentiment persists
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European stocks are expected to open lower Wednesday, continuing the regional trend downward this week.

Overnight, shares in the Asia-Pacific were mostly higher Wednesday, with mainland China markets leading gains despite Pelosi's trip to Taiwan, which is being closely watched by Beijing.

China's Foreign Ministry spokesperson Hua Chunying tweeted that Pelosi's visit was a "major political provocation," while a spokesperson for the People's Liberation Army's Eastern Theatre Command said it would conductThose operations include long-range combat fire live shooting in the Taiwan Strait and conventional missile firepower test launching, the statement said.

It's a busy day for earnings in Europe, with Commerzbank, SocGen, BMW, Banco BPM, Siemens Healthineers and Veolia and Wolters Kluwer among those companies reporting. On the data front, euro zone producer prices and retail sales data for June are set to be released.

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