European stocks set to open lower Wednesday

European stocks are likely to start lower on Wednesday. Investors are paying attention to important updates on monetary policy and Germany’s recent debt reforms. The London FTSE 100 index is expected to remain mostly unchanged at the opening. The French CAC 40 looks set to drop by about 0.2%. The German DAX is projected to fall around 0.5%. This comes after German lawmakers approved significant changes to the country's debt brake rule. These reforms will allow Germany to increase spending on defense and create a large climate and infrastructure fund worth 500 billion euros, or about $546 billion. Investors are also monitoring the situation regarding a ceasefire in Ukraine as they await more details on monetary policy.