Premarket: Luxury sector lifts European shares as markets await U.S. inflation data

News Snapshot:

European stock markets rose on Thursday, helped by gains in luxury brands after China eased some pandemic-era restrictions, while the dollar slipped ahead of U.S. inflation data that could influence the Federal Reserve’s policy path. Economists polled by Reuters expect July U.S. consumer price inflation to rise slightly to an annual 3.3 per cent, while the core rate, which excludes the volatile food and energy segments, is forecast to rise 0.2 per cent in July, for an annual gain of 4.8 per cent. “We’re going to see our first rise in headline inflation after 12 consecutive months of falling prices,”...