European stocks muted; Micron hits sentiment ahead of key US inflation release

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European stocks muted; Micron hits sentiment ahead of key US inflation release

European equity indices are struggling for direction Thursday, as investors await the release of important U.S.inflation data for more clues over the start of the Fed’s rate-cutting cycle.

Fed officials have repeatedly called for more information to confirm that inflation has been tamed before they would vote for an easing of monetary policy. More worrying was a 2.7 million barrel build in gasoline inventories, which indicated that fuel consumption remained weak even with the onset of the travel-heavy summer season.

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