European markets head for higher open ahead of UK inflation data

Investors in the U.K. will be keeping a close eye on the latest U.K. inflation figures out Wednesday. Economists are forecasting a sharp fall in the April print, driven by lower household energy costs, that could take the headline rate close to, or even below, the Bank of England's 2% target.U.S.

While he fears that a change in market conditions could cause"some sort of equity correction," the senior portfolio manager believes it's"clear sailing" for stocks for now. "I think it will make sense to get a little more defensive going into the summer but it's too early for that," he said."Stick with a balance of growth and value names."Earnings come from Kingfisher, Smiths Group, Fresnillo and Generali. Euro zone trade balance and construction data for March are due.

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