India, Aug. 27 -- Equity markets in Europe are expected to open on a positive note on Wednesday amidst waning risk aversion. German consumer morale falling below forecasts is however seen limiting gains. Markets also look forward to the earnings update from NVIDIA, the political situation in Europe as well as French labor market data for trading direction.

Wall Street had closed on a mildly positive note on Tuesday supported by gains in chip giant Nvidia. The Dow Jones Industrial Average added 0.30 percent to finish trading at 45,418.07. The Nasdaq Composite also rallied 0.44 percent to close trading at 21,544.27.

European markets had however closed on a negative note on Tuesday amidst the political turmoil in France. France's CAC 40 plun...