Markets in Europe are expected to open on a weak note on Thursday amidst anxiety ahead of the monetary policy reviews by major central banks and the updates to corporate earnings. Positive sentiment following the softening in consumer price inflation in the U.K. is expected to keep losses in check. Markets would also take cognizance of the updates to producer price inflation from Germany.
Data released just a while ago showed producer price inflation in Germany increased to -0.30 percent in June from -1.40 percent in May. Markets were expecting a reading of -0.40 percent. The reading is however the lowest in 31 months.
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