European stocks are expected to open slightly higher on Thursday as global markets gear up for the latest inflation reading from the U.S.
Investors in Europe are also gearing up for the next meeting of the European Central Bank on Thursday, with most expecting the central bank to keep its foot on the stimulus pedal.
Many believe the ECB will keep to its current path due to an uncertain economic outlook and to avoid an unwanted tightening of financial conditions.At Thursday's meeting, the ECB will also update its quarterly staff projections for inflation and growth, alongside its traditional rate decision and press conference. The interest rate decision is announced at 12:45 pm London time.
In other news, U.K. Prime Minister Boris Johnson will meet his U.S. counterpart Joe Biden on Thursday ahead of the start of the Group of Seven summit in Cornwall that begins on Friday.
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