European stock markets are heading for a mixed open on Friday as attention turns to inflation prints from some of the region’s biggest economies, along with the U.S.
Price rise data is due from France, Spain, Italy and Germany, ahead of the flash August reading for the euro area next Tuesday.
Stateside, investors will be monitoring the personal consumption expenditures price index, a key metric for the Federal Reserve. It comes after Fed Chair Jerome Powell stoked expectations for an interest rate cut in September with a speech last week widely interpreted as dovish-tilting. Interest rate trading currently places around an 85% probability on a cut next month, according to CME’s FedWatch tool.
Stoxx 600 index.