European markets set to surge at the open as investors digest Fed decision

European stocks are expected to open much higher on Thursday as investors digest the U.S. Federal Reserve's latest monetary policy decision.

were slightly higher Wednesday evening after the decision. More U.S. economic data is due out Thursday, including housing starts and jobless claims at 8:30 a.m. EST.with the Bank of England set to release its latest monetary policy decision

. U.K. inflation climbed to a 10-year high in November, data showed Wednesday, and could influence the bank on whether to tighten monetary policy. Also in focus for European markets are flash purchasing manager's index data from across the euro zone and U.K. for December. The data will likely reflect the imposition of Covid restrictions and partial lockdowns in some countries, such as Germany and the Netherlands, respectively.Sign up for

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