European stocks set to lose ground after Fed's Powell says equities are 'highly valued'

Market Reaction - European shares are expected to open lower, with London's FTSE 100 projected to decline by 0.2%, Germany's DAX by 0.3%, and France's CAC 40 by 0.4% [1] - Global markets were unsettled following comments from Federal Reserve Chair Jerome Powell regarding inflated asset prices, particularly equities [2] Economic Indicators - Investors are closely watching Germany's Ifo Business Climate update and the September Swiss Economic Sentiment Index, both set to be released later on Wednesday [4]