European shares rebounded from three-week lows on Thursday, with inflation and PMI data in focus. German inflation data is awaited after the latest readings in states pointed to a national rise.
European stocks edged higher on Friday and were set to post their best annual gain since 2021 on hopes that global central banks led by the Federal Reserve could cut interest rates next year.
European stocks closed lower on Thursday, weighed down by a bit of profit taking after recent gains that have taken several markets in the region to record highs amid rising optimism the Federal Reserve will cut interest rate soon.
European stocks are likely to drift lower at open on Friday as investors await the last key U.S. inflation reading before Christmas. November's personal consumption expenditure index is due later in the day, with analysts expecting a 0.
European stocks edged lower on Friday as investors monitored developments around the Red Sea and awaited the release of U.S. core personal consumption price index - the Fed's preferred inflation metric- later in the day for directional cues.