European markets opened marginally higher Thursday as investors await the latest U.S. inflation data for more signs that price pressures are easing.
The pan-European Stoxx 600 was up 0.18% in opening trade, with sectors and major bourses diverging. Insurance stocks led gains, up 0.49%, as Hurricane Milton's devastating hit to Florida pointed to stronger prospects for the sector. On the other end, autos shed 0.55% as competition pressures add to continued troubles for European carmakers.
Economists polled by Dow Jones anticipate a 0.1% increase on a monthly basis, and a 2.3% advance over the prior 12 months.
The result will also inform the Federal Reserve's next steps on policy at its November meeting. Fed funds futures trading data suggests a roughly 70% likelihood of a quarter-point cut, according to CME Group's FedWatch tool.
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