In the Asian session, the German Benchmark Index traded above 18,900 levels.
European stocks are poised to commence trading on Thursday with gains, reflecting a relief rally across global markets spurred by softer-than-anticipated U.S. inflation figures.
According to Wednesday's data release, the U.S. consumer price index increased by 0.3% in April, falling short of the 0.4% rise forecasted by the Dow Jones. Although consumer prices still exhibited a 3.4% year-on-year growth, in line with market expectations, the data has instilled confidence among traders that the U.S. Federal Reserve may initiate rate cuts in the near future.
Projections suggest that the U.K.'s FTSE 100 index is set to open 22 points higher, Germany's DAX is expected to climb 26 points, France's CAC is anticipated to rise by 7 points, and Italy's FTSE MIB may see a gain of 64 points.
