European stocks are seen opening a tad lower on Thursday as the Fed's hawkish policy outlook offset investor optimism over China's central bank cutting a key lending rate to support real estate and domestic demand.
Downbeat Chinese data also rekindled concerns about the global economic outlook.
Asian markets traded mixed after China's central bank cut its one-year medium-term lending facility rate by 10 basis points to 2.65 percent, marking the first rate cut in 10 months.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.