European stocks are poised for a favorable start, driven by increases in the Asia-Pacific region.
European stocks are predicted to open with gains on Thursday, driven by the positive performance of Asia-Pacific markets the previous night.
According to IG's data, the U.K.'s index has opened 28 points higher at 8,289, Germany's index has increased by 73 points at 18,997, France's index has risen by 35 points at 7,599, and Italy's index has surged by 169 points at 33,982.
The positive start to the trading day in Europe is expected after the rise of Asian-Pacific markets overnight, with Japan's Nikkei 225 leading the way and Chinese markets continuing to gain.
The Nikkei in Japan increased by 2.12%, and the Topix rose by 1.65%, following the release of the Bank of Japan's July meeting minutes. Meanwhile, China's CSI 300 continued its winning streak for the seventh day.
In the US, futures linked to the Dow Jones Industrial Average remained unchanged on Wednesday evening following a four-day winning streak. The traders will closely monitor the weekly jobless claims report, which is due on Thursday.
The final reading of second-quarter gross domestic product will be released in the morning, while economists surveyed by Dow Jones expect 223,000 initial unemployment claims were filed for the week ending Sept. 21.
On Thursday, several Federal Reserve officials, including Chair Jerome Powell and New York Fed President John Williams, are scheduled to give speeches.
In Europe, H&M Group is the source of earnings, while GfK releases German consumer confidence figures.
Lisa Kailai Han and Lim Hui Jie of CNBC helped with this report.
Markets
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