LONDON — European stocks are expected to open higher on Wednesday as investors prepare for the latest reading of U.S. inflation on Friday.

United Kingdom’s FTSEIndex is opened 18 points higher at 7.626, Germany. DAXFrance: Up 46 Points at 14,602. CAC 40 up 24 points at 6,524 and Italy’s FTSE MIBData from IG shows that there were 59 more points at 24,624, an increase of 9%

This week’s international markets were impacted by nervousness about U.S. data releases, which include the most recent inflation reading on Friday.

It is anticipated that May’s Consumer Price Index in the U.S. will be slightly less than April and could prove that inflation has reached its peak.

Investors will be keeping a close eye on the University of Michigan’s consumer sentiment index which is due Friday.

Shares in Asia-Pacific roseInvestors are looking ahead to today’s Reserve Bank of India interest rate decision. U.S. stock futures declined marginally overnight after two consecutive days on Wall Street of gains.

Retailer Inditex Europe earns earnings