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European stock market is expected to open higher in amid of key earnings and U.S. data

On Thursday, the European stocks are expected to open higher, as the investors await earnings from big names in the region which includes Airbus, Barclays, and Daimler.

London’s FTSE is opening 15 points higher at 6,715, Germany’s DAX up 22 points at 13,931, France’s CAC 40 up 11 points at 5,776, and Italy’s FTSE MIB up 59 points at 23,170, according to IG.

Investors will be watching out for earnings from Air France KLM, Orange, Carrefour, Bouygues, Valeo and EDF, Moncler, and Nestle. On the data front, final inflation data for the euro Zone in January is due.

Earlier this Thursday, Credit Suisse has reported a net loss of 353 million Swiss francs for the fourth quarter of 2020on the back higher provisions.

For the latest indications on the health of the country’s economy, on Thursday, investors will be looking at the key data which is coming out of the U.S. Initially jobless claims is the number to watch with economists surveyed by Dow Jones expecting 773,000 new claims, a slight diminution from the prior week.

Housing and manufacturing data are also due out on Thursday morning. U.S. stock features moved lower on Wednesday evening.

On the other hand, stocks in Asia-Pacific trade lower on Thursday. It is mainland Chinese stocks returned to trade after a long Lunar New Year break.

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