European Shares Seen Opening Up Ahead Of US CPI Data

From Nasdaq:

European stocks are expected to open strong as investors await U.S. consumer price inflation data for clues on the Federal Reserve’s rate trajectory. In Asian markets, Japan’s Nikkei extended its rally, while Australia’s inflation slowed to a near two-year low. Gold prices rose due to a weaker dollar, and oil prices increased as conflict in the Middle East escalated. Bitcoin surged after U.S. regulators approved exchange-traded funds linked to the cryptocurrency. U.S. stocks and bond yields inched up ahead of key inflation readings and bank earnings, while European stocks fell for a second consecutive session following weak economic prospects in the euro area.



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