Euro Stocks Set to Open Up on Wall Street Gains

European equity markets are set to start higher on Wednesday, inspired by a rise on Wall Street where technology issues led a rise in the market, while Asian stocks recovered from a five-day losing streak.

On Tuesday, the European Central Bank and Bank of England flooded money markets with funds as the UK central bank chief warned of a possible downward spiral in credit conditions.

Financial bookmakers in London expect Britain's FTSE-100 to open as much as 0.4 percent higher and both Germany's DAX and France's CAC 40 are set to gain 0.5 percent.

The FTSEurofirst 300 index shed 0.2 percent to end at 1,489.3 on Tuesday in thin volume and is now just up 0.4 percent so far this year.

Markets will eye data on Germany's Ifo institute's business sentiment climate index, which is seen dipping. In the UK, publication of minutes of the Bank of England's December meeting will give clues on how eager policymakers are to continue easing monetary conditions.