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European markets start to open higher, dismissing inflation concerns


LONDON – European stocks are expected to open higher on Thursday as investors seem to dismiss concerns about rampant inflation.

UK FTSE The index is expected to open 15 points higher at 7,605, Germany DAX 9 points higher at 15,818, of France CAC 40 up 9 points at 7,182 and in Italy FTSE MIB up 44 points at 27,415, according to data from IG.

Global markets are focused on rising US bond yields and earnings this week. Inflation data is also central stage; on Wednesday, data released by UK shows inflation rate soaring to 30-year high in December hit 5.4% with higher energy costs, rebounding demand and supply chain problems continuing to push up consumer prices.

Inflation concerns have dominated markets around the world in recent months, and investors are worried about the trajectory of the US Federal Reserve’s rate hikes and tightening monetary policy era. pandemic is extremely loose.

U.S. markets faced another volatile session on Wednesday as investors remained cautious amid a rise in rates, with Nasdaq sinking into correction territory.

This year’s turmoil for tech stocks, stemming from a yield spike in the first week of January, continued on Wednesday as 10-year US Treasury yields hit the highest level is 1.9%. It started the year at about 1.5%. Productivity per 30-year Treasury bond down 2 basis points to 2.167%. Output is inversely proportional to price.

US stock futures little changed on Wednesday night while Asia – Pacific market was mixed on Thursday like China cuts key lending rates.

Income in Europe comes from AB Foods, Deliveroo and Bankinter and published data includes French consumer climate data for January and German producer prices for December.

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– CNBC’s Tanaya Macheel contributed to this market report.

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