European stocks slip ahead of US inflation data, GSK jumps

-European shares slipped on Thursday, with technology and mining stocks leading losses, while investors looked out U.S. inflation data for hints on the Federal Reserve's next policy easing moves.European stocks were under pressure as bond yields rose on Thursday, with the German 10-year yield hitting a fresh one-month high, tracking overnight gains in U.S. Treasury yields.

"Markets are muted as they're waiting to see what happens with the U.S. CPI and, more importantly, what's happening on Saturday morning in China," said Stefan Koopman, senior market economist at Rabobank. Investors will also focus on the French government's 2025 budget later on Thursday, with plans for 60 billion euros worth of tax hikes and spending cuts to tackle a spiralling fiscal deficit.

Among individual stocks, GSK jumped 5.2% after the British drugmaker agreed to pay up to $2.2 billion to settle lawsuits in the United States that claimed its discontinued heartburn drug Zantac caused cancer. The figure was smaller than what some analysts had feared.

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