Major stock markets in Europe are seen opening on a strong note on Thursday as easing inflation in Germany and Spain as well as dovish comments from Fed officials boosted market sentiment. Headline annual inflation for November from the Euro Area due on Thursday is also expected to show a decline to 2.7 percent, from 2.9 percent in the previous month. Markets also expect the PCE-based inflation readings from the U.S., seen as the Fed's preferred inflation gauge due on Thursday to reveal lower price pressures.
The more-than-expected GDP readings from the U.S. and an unexpected decline in China's manufacturing PMI is however seen limiting gains.
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