LONDON — European stocks are expected to open in mixed territory on Wednesday, as investors prepare for the next reading of U.S. inflation due Thursday.
London's FTSE is seen opening 6 points lower at 7,092, Germany's DAX 9 points higher at 15,660, France's CAC 40 up 12 points at 6,568 and Italy's FTSE MIB up 77 points at 25,860, according to IG.
The lackluster open for European markets reflects cautious sentiment ahead of the latest inflation data from the U.S., which could lead the Federal Reserve to taper asset purchases sooner rather than later.
Read more: The Fed is in early stages of a campaign to prepare markets for tapering its asset purchasesThe consumer price index for May is set to be released Thursday.
The Fed has previously contended that higher price pressures are just temporary as the economy continues to rebound from the pandemic-induced recession.
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