European markets open higher; traders await ECB update

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A projected illumination marking the 75th day of the Schuman Declaration, connected the Grossmarkthalle gathering astatine the European Central Bank office successful Frankfurt, Germany, connected May 9, 2025.

Alex Kraus/Bloomberg via Getty Images

LONDON — European stocks opened higher Thursday arsenic investors await the latest complaint determination and update from the European Central Bank.

Investors successful the portion volition beryllium keeping an oculus connected the ECB contiguous though the cardinal slope is not expected to marque changes to its cardinal deposit facility, which stands astatine 2%. Market participants volition beryllium keeping an oculus connected the ECB's latest macroeconomic projections for the euro country and the wider planetary economy, however.

Stateside, S&P 500 futures were level connected Wednesday nighttime arsenic Wall Street awaits August user terms scale information owed astatine 8:30 a.m. ET Thursday morning.

Economists polled by Dow Jones are expecting the scale to emergence 0.3% connected the period for an yearly summation of 2.9%. Excluding volatile nutrient and energy, the alleged halfway CPI is slated to summation 0.3% from July and 3.1% twelvemonth implicit year.

That comes aft the shaper terms scale showed an unexpected decline of 0.1% connected the month. The PPI roseate 2.6% connected a 12-month basis.

In Asia Pacific markets overnight, Japan's benchmark Nikkei 225 notched a grounds high, mirroring gains connected Wall Street overnight.

— CNBC's Alex Harring contributed to this marketplace report.

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