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European stocks head for uncertain open after hotter-than-expected U.S. inflation data

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European stocks are expected to open flat to lower on Thursday as global markets digest the latest U.S. inflation data which showed persistent price rises.

Global markets are digesting the latest U.S. inflation data released on Wednesday which showed that October's consumer price reading jumped at the hottest annual pace in more than three decades., well above the 5.9% estimate from economists polled by Dow Jones. On a monthly basis, the CPI increased 0.9% against the 0.6% estimate.

Major indexes on Wall Street fell following the inflation data release while U.S. Treasury yields climbed. The yield on the benchmarkStock picks and investing trends from CNBC Pro:

 

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