European Shares Seen Tad Higher At Open

(RTTNews) - European stocks are seen opening a tad higher on Thursday as in-line U.S. CPI data supported the case for another interest rate cut by the Federal Reserve next month.

Kansas City Federal Reserve chief Jeffrey Schmid on Wednesday said the time is "now" to reduce U.S. interest rates, but it's still uncertain how much further interest rates will decline.

Asian stocks were mostly higher, though Chinese and Hong Kong markets were subdued on deflation worries and concerns over another possible China-U.S. trade war.

The U.S. dollar held firm near a one-year high against major peers, influenced by higher Treasury yields on expectations for deeper deficit spending during Trump's second presidential term.

Gold hovered near two-month lows while oil reversed most of the previous session's gains on fears of higher global output and slow demand growth.

In economic releases, the second reading for eurozone gross domestic product as well as reports on U.S. producer price inflation and weekly jobless claims along with remarks by Fed Chair Jerome Powell may garner investor attention later in the day.

U.S. stocks fluctuated before ending mixed overnight as longer-dated Treasury yields rose amid expectations that the Fed may not reduce rates as much as previously thought.

Data showed the consumer price index rose 0.2 percent for the fourth straight month in October, matching expectations.

The annual rate of consumer price growth accelerated to 2.6 percent from 2.4 percent in September, while the core consumer price inflation rate stood at a three-month high of 3.3 percent, unchanged from September.

The tech-heavy Nasdaq Composite shed 0.3 percent while the S&P 500 and the Dow crept up marginally.

European stocks closed lower Wednesday on concerns about regional growth amid fears of inflation and tariffs in the Trump 2.0 era.

The pan European STOXX 600 slipped 0.1 percent. The German DAX dipped 0.2 percent and France's CAC 40 slipped 0.1 percent while the U.K.'s FTSE 100 finished marginally higher.

LIKE.TG：汇集全球营销软件&服务，助力出海企业营销增长。提供最新的“私域营销获客”“跨境电商”“全球客服”“金融支持”“web3”等一手资讯新闻。

点击【联系客服】 🎁 免费领 1G 住宅代理IP/proxy， 即刻体验 WhatsApp、LINE、Telegram、Twitter、ZALO、Instagram、signal等获客系统，社媒账号购买 & 粉丝引流自助服务或关注【LIKE.TG出海指南频道】、【LIKE.TG生态链-全球资源互联社区】连接全球出海营销资源。