European markets head for positive open as investors react to Fed minutes – CNBC

European markets were slightly higher Thursday morning as investors digested minutes released by the U.S. Federal Reserve that showed members are still committed to fighting inflation with interest rate hikes.The pan-European Stoxx 600 index was up 0.27% in early trade, with tech and retail stocks shaking off recent pessimism to gain 0.9% and 0.8%, respectively.Inflation “remained well above” the Fed’s 2% target and the labor market “remained very tight, contributing to continuing upward pressures on wages and prices,” according to the minutes.Asia-Pacific markets were mixed on Thursday after the Fed release, while U.S. stock futures ticked higher Wednesday evening.European markets open higher Europe’s Stoxx 600 was cautiously higher at the open, up 0.1%, with tech stocks leading gains.The index posted losses in the previous two sessions.Investors will be assessing yesterday’s Fed minutes, amid fears the U.S. central bank will continue hiking rates weighing on markets, as well as a slew of earnings from companies including Rolls-Royce, Anglo American and BAE Systems to gauge the outlook for various sectors.Stock Chart IconStock chart iconStoxx 600.— Jenni ReidCNBC Pro: There is a ‘rare’ opportunity to invest in a global VC stock set for 130% upside, analysts sayGlobal shares of a venture capitalist company are expected to
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