European Markets Mostly Set to Open Higher After Wednesday's Rally
The pan-European Stoxx 600 closed 1% higher on Wednesday on the back of a late rally as new data showed U.S. consumer prices rose 8.5% annually in July, slowing from the previous month.
Siemens, Thyssenkrupp, Bilfinger, Novozymes, Rabobank, Zurich Insurance, M&G, Deutsche Telekom and Aegon were among the major companies reporting earnings before the bell. LONDON — European markets nudged higher on Thursday as investors adjusted their monetary policy expectations after a cooler-than-expected U.S. inflation print.added 0.4% in early trade, with construction and material stocks climbing 1.1% to lead gains while basic resources dropped 0.4%.
The European blue chip index closed 1% higher on Wednesday on the back of a late rally as new data showed , slowing from the previous month in large part due to a drop in oil prices. Economists had expected an 8.7% annual climb.
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