curbed by oil rates, but focus on earnings and data

European equities are poised to wide open in the red Wednesday morning as market sentiment is going to be curbed by weaker oil prices.

The FTSE 100 is seen down by 7 points at 7,405; the DAX is seen lower by 32 details at 13,000 and the CAC 40 is defined to start lower by 13 points at 5,303.

Asian markets were mostly lower in Wednesday after a written report from the International Energy Agency projected lower oil demand for this year and another. Brent was lower by 1.3 percent trading at $61.38 a barrel and WTI fell 1.1 percent to $55.06 at about 06:15 London time.

In earnings news flash, Barratt Developments and Rolls-Royce will issue a trading update; Premier Foods and Talk Talk will post interim benefits.

In various other corporate news, Volkswagen said that tax authorities and prosecutors raided the offices of the business’s chief personal officer, head of HR and chairman on Tuesday. Some files and computers were seized, according to Reuters.

In terms of data, you will have inflation numbers out in France at 7:45 a.m. London time, unemployment numbers in the U.K. at 09:30 a.m. and trade amounts for the euro zone credited at 10 a.m.

Read more on: http://www.cnbc.com