European stocks look set to extend gains from the previous session on Thursday amid receding concerns over the Federal Reserve's aggressive interest rate hikes.
Traders will now closely follow comments from Federal Reserve officials to find out whether or not inflation has peaked.
Asian stocks...
Asian stock markets are trading mostly higher on Thursday, following the broadly positive cues from global markets overnight, as traders reacted tamer than expected US consumer price inflation data that raised speculation the Fed will slow the pace of interest rate hikes at its September meeting. Asian Markets closed mostly lower on Wednesday.
With traders reacting positively to highly anticipated consumer price inflation data, stocks moved sharply higher during trading on Wednesday. The rally more than offset the weakness seen in the previous session, with the major averages reaching three-month closing highs.