Home Markets European markets weigh up U.S. inflation data, earnings

European markets weigh up U.S. inflation data, earnings

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LONDON — European stocks are expected to open higher on Thursday with investors around the world reflecting on the latest inflation data and earnings out of the U.S.

The U.K.’s FTSE index is expected to open 32 points higher at 7,175, Germany’s DAX 53 points higher at 15,303, France’s CAC 40 up 32 points at 6,631and Italy’s FTSE MIB 123 points higher at 25,777, according to data from IG.

Global markets are digesting the latest U.S. inflation data which rose higher than expected in September, increasing pressure on the U.S. Federal Reserve to raise rates sooner rather than later.

The U.S. consumer price index jumped 0.4% in September from the month prior and 5.4% year over year, the Labor Department reported Wednesday. Economists expected to see a month-to-month increase of 0.3% or annualized rate of 5.3%, according to Dow Jones.

Minutes released Wednesday afternoon from the Federal Open Market Committee’s September meeting showed the central bank…

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