European stocks are expected to open in positive territory on Wednesday as investors await key U.S. inflation data due to be released Thursday.
Global investors are awaiting inflation data out Thursday, with the U.S. Labor Department set to release January's consumer price index figures.
The inflation data is expected to show that prices rose 0.4% in January, for a 7.2% gain from one year ago, which would be the highest in almost 40 years. The reading follows a stronger-than-expected January jobs report, which has led to speculation that the Federal Reserve could be more aggressive when it comes to hiking rates.quarter-percentage-point rate hikes this year.
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