European Shares Likely To Open On Firm Note

European stocks may open on a positive note on Wednesday, though regional gains are likely to remain capped amid bets that the U.S. Federal Reserve may have to raise interest rates next year.

After U.S. headline inflation came in above market expectations, investors now await the producer price index reading later in the day and retail sales figures on Thursday to evaluate the impact of elevated energy prices on the world’s largest economy.