london european markets are set for a muted open as investors assess the geopolitical outlook following russias partial withdrawal from the ukrainian border while corporate earnings season rumbles on britains ftse 100 is seen around a single point higher at 7610 germanys dax is expected to gain around 32 points to 15445 and frances cac 40 is set to add around five points to 6985 according to ig data markets around the world rallied on tuesday after russia announced that it had begun returning some troops to deployment bases after training exercises near the ukrainian border assuaging fears of an imminent invasion and raising hopes of a deescalation of recent tensions with the west however western officials and ukrainian president volodymyr zelenskyy have urged caution in taking russias claims at face value shares in asiapacific which had closed by the time the news broke on tuesday joined their us and european counterparts in rallying on wednesday with japans nikkei 225 leading gains us stock futures were slightly lower in early premarket trade on wednesday after the major indexes snapped a threeday losing street in regular trading on the back of the news of russias partial withdrawal