Skyscrapers in the La Defense business and financial district in Paris, France, on Monday, June 3, 2024.
LONDON — European stocks are set to nudge higher at Friday's open, defying a broader global selloff, with fresh inflation data set to land.
Reaction to the historic French and U.K. elections dominated the start of the week, but attention has moved to a flurry of inflation data.
On Thursday, the U.S. consumer price index declined more than expected to 3% annually, down from 3.3% in May.
The data will be followed up by the U.S. producer price index Friday, while German, French and Italian inflation readings will also be released.
Persons:
Germany's DAX, Jerome Powell
Organizations:
La Defense, LONDON, MIB, CAC, Federal
Locations:
Paris, France, U.S