European stocks are expected to open in negative territory Thursday as global inflation worries continue to rattle markets.
Global market attention is shifting toward fresh U.S. inflation data on Friday, with May's personal consumption expenditures price index, the U.S. Federal Reserve's preferred inflation gauge, due to be released. Investors hope the report will show easing pricing pressures that could cement the likelihood the Fed will lower interest rates later this year.traded lower overnight as the Japanese yen weakened to a near 38-year low late Wednesday, hitting 160.82 against the U.S.
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