Fresh inflation data awaits investors as European stocks are poised to open higher.
European stocks are set to rise on Friday as investors anticipate crucial inflation figures from the euro zone and the U.S.
The previous session saw regional stocks close lower, with retail stocks taking a hit following H&M's profit miss.
Fresh inflation data from France, Italy, and Spain will be closely monitored by markets, while Germany releases unemployment figures and retail sales later in the session.
On Friday, Asia-Pacific markets rose as investors evaluated crucial economic information from Japan. The Japanese yen plummeted to new 38-year lows after the data release, surpassing 161 against the dollar for the first time since 1986 and reaching a peak of 161.27, according to LSEG data.
The release of May's core personal consumption expenditures price index, the U.S. Federal Reserve's preferred inflation gauge, affected U.S. stock futures, which were mixed ahead of the release.
Markets
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