European stocks open higher as markets await U.S. inflation data

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European stocks opened higher on Wednesday as global markets focus on the latest U.S. inflation data set to be released later today.

LONDON — European stocks opened higher on Wednesday as global markets focus on the latest U.S. inflation data set to be released later in the day.opened up 0.28%, with the majority of sectors and all major bourses ticking higher. Mining stocks were up 1.43%, while health care fell 0.61%.

Retail stocks rose 1.19%, led by gains for Spanish fashion house Inditex, which added 3.15% after reporting a rebound in sales. The U.K.'s FTSE 100 lagged behind other major bourses, up a modest 0.12%, after fresh data showed the economyTraders have their eyes on two key economic reports out of the U.S. this week, with the consumer price index report for August due Wednesday, followed by the producer price index on Thursday.

The data comes before a widely anticipated interest rate cut at the Federal Reserve's Sept. 17-18 meeting that could help assuage concerns overNvidia may be the AI darling, but it's time to start looking at this chip stock, one CIO saysslipped Tuesday evening as investors awaited the inflation report and assessed the presidential debate between Republican presidential nominee Donald Trump and Vice President Kamala Harris.

 

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