European stocks may open on a firm note Thursday as investors look past high core U.S. inflation number and shift their focus to producer price inflation and weekly jobless claims data due later in the day for hints regarding the size of future rate cuts by the Federal Reserve.
After August's inflation report matched expectations, markets are now more confident the Fed will cut its rate by 25 basis points next week and reserve the potential for more aggressive action later this year in case there is further deterioration in the job market.
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