A projected illumination marking the 75th anniversary of the Schuman Declaration, on the Grossmarkthalle building at the European Central Bank headquarters in Frankfurt, Germany, on May 9, 2025.
Alex Kraus/Bloomberg via Getty Images
LONDON — European stocks opened higher Thursday as investors await the latest rate decision and update from the European Central Bank.
Investors in the region will be keeping an eye on the ECB today although the central bank is not expected to make changes to its key deposit facility, which stands at 2%. Market participants will be keeping an eye on the ECB’s latest macroeconomic projections for the euro area and the wider global economy, however.
Stateside, S&P 500 futures were flat on Wednesday night as Wall Street awaits August consumer price index data due at 8:30 a.m. ET Thursday morning.
Economists polled by Dow Jones are expecting the index to rise 0.3% on the month for an annual gain of 2.9%. Excluding volatile food and energy, the so-called core CPI is slated to increase 0.3% from July and 3.1% year over year.
That comes after the producer price index showed an unexpected decline of 0.1% on the month. The PPI rose 2.6% on a 12-month basis.
In Asia Pacific markets overnight, Japan’s benchmark Nikkei 225 notched a record high, mirroring gains on Wall Street overnight.
— CNBC’s Alex Harring contributed to this market report.
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