European stock markets are expected to respond to the U.K.'s inflation readings for September due to be released before market hours. The sentiment boost provided by U.K.'s turnaround on fiscal measures and the expectations of strong corporate earnings would however temper the lingering fears of persistent inflation and forceful action by central banks.
The annual inflation is seen rising to 10 percent, from 9.9 percent earlier whereas the core inflation is expected to increase to 6.4 percent from 6.3 percent. The final reading for inflation in the Euro Area in September would also be known later in the day.
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