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European Stocks Seen Higher, Earnings in Focus

European equities are set to open stronger on Wednesday, boosted by a late rally on Wall Street where energy shares gained as oil prices soared to record highs.

U.S. crude rose deeper into record territory on Wednesday and hit $98 for the first time as the dollar plunged to new lows.

Financial markets will take direction from a barrage of earnings, with Total, Societe Generale and ING Group among the companies reporting results.

Spread betters in London expect the FTSE 100 index to open 23 to 25 points higher, Germany's DAX is seen up 28 to 33 points and France's CAC 40 is seen 22 to 29 points stronger.

Most Asian markets were also higher, supported by gains in resource stocks.