European equity markets were headed for a higher open on Wednesday, tracking global peers higher as investors look ahead to a key US inflation report that could provide clues on the Federal Reserveâ€™s next move. Meanwhile, Fed Chair Jerome Powell avoided making comments on the outlook for monetary policy at an event on Tuesday, but he said that â€œrestoring price stability when inflation is high can require measures that are not popular in the short term as we raise interest rates to slow the economy.â€ It will be a quiet day on the data front in the eurozone, though investors are awaiting the latest corporate earnings results. DAX futures were up about 0.3% in early trade, while Stoxx 6000 futures rose 0.15%.
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