UK, U.S. inflation prints in focus as European markets head for higher open

European stocks are expected to open higher Wednesday as investors in the region await key inflation prints from the U.S. and U.K.

LONDON — by 25 basis points last month. After two months at 2%, economists polled by Reuters expect the headline inflation rate to tick higher, to 2.3%.

The U.K. data comes ahead of the release Wednesday of the U.S.' consumer price index for July which is forecast to show an increase of 0.2% last month, up from a 0.1% decline in the prior month.

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