European Shares Poised For Lower Open After New US Strikes On Iran

European stocks are seen opening lower on Thursday as investors weigh renewed U.S.-Iran tensions and await the release of the Fed’s favorite inflation gauge, the core PCE price index, later in the day for fresh clues on the monetary policy path forward under new chair Kevin Warsh.

Amid elevated energy prices, analysts expect the PCE price index to have risen by an annual 3.8 percent in April, up from 3.5 percent in March and well above the long-run rate of 2 percent targeted by the U.S. central bank.