European stocks are seen opening mixed on Thursday as investors weigh strong guidance from Micron and Qualcomm against expectations of possible Federal Reserve interest-rate hikes this year. Micron Technology posted record quarterly earnings and issued better-than-expected guidance, while Qualcomm shared updates on its artificial intelligence roadmap. Investors await U.S. PCE price index data for May, a final reading on first-quarter GDP, and weekly jobless claims figures later in the day for additional clues on the outlook for rates and economic growth. The PCE inflation report is likely to show core prices rose 0.3 percent in May, putting the annual rate at 3.4 percent, with headline inflation forecast at 0.5 percent sequentially and 4.1 percent year-over-year. Overnight, U.S. stocks ended mixed as the Dow rose 0.4 percent, the Nasdaq Composite shed 0.4 percent, and the S&P 500 slid 0.1 percent.
Micron Technology IncMicron posted record quarterly earnings and issued better-than-expected guidance.
Qualcomm IncorporatedQualcomm shared updates on its artificial intelligence roadmap.