European Shares Set To Open Lower As Investors Weigh Inflation Risks

European stocks may drift lower at open on Thursday as investors weigh inflation concerns and await key U.S. economic data this week for additional clues on the Federal Reserve’s rate trajectory.

Reports on U.S. initial jobless claims and new home sales are due later in the day, followed by data on durables goods orders for August and consumer confidence index score from the University of Michigan on Friday.