European stocks were seen cautiously higher Wednesday after comments from U.S. Federal Reserve officials signaled openness to further rate cuts, after a punishing session for global markets as hopes of a resolution to the U.S.-China trade war faded.
Markets worldwide suffered on Tuesday as the U.S. imposed visa restrictions on Chinese officials in response to the detention or abuse of Muslim minorities, having already blacklisted 28 Chinese companies over their alleged involvement in the treatment of ethnic Uighurs in Xinjiang province, angering Beijing.
Tensions are also heightened due to a stand-off between Beijing and the U.S. National Basketball Association following a tweet from Houston Rockets general manager Daryl Morey supporting pro-democracy protests in Hong Kong.
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