European markets are heading for a mixed open Thursday as investors in the region look ahead to the European Central Bank's next rate decision.
The central bank is expected to keep rates steady as economic activity in the euro area decelerates at a faster pace than previously expected.European stock markets closed slightly lower Wednesday as investors reacted to stronger than expected U.S. inflation data.
The consumer price index, which measures costs across a broad variety of goods and services, rose 3.7% from a year ago, the U.S. Department of Labor reported Wednesday. Economists surveyed by Dow Jones had forecast an increase of 3.6%. On a monthly basis, prices increased 0.6%, in line with expectations.
The core consumer price index, which excludes food and energy and is closely monitored by the Federal Reserve, rose by 0.3% on the month and 4.3% on the year. Economists polled by Dow Jones signaled rises of 0.2% and 4.3%, respectively., the British chip design company founded in 1990, will begin trading in New York on Thursday for the first time after being taken private by SoftBank in 2016.
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