European market gets off to a strong start

The European stock market is about to start high on Thursday, as signs of cooling inflation in the US and UK boosted investors' confidence in interest rate cuts.

However, market views are still divided as to what extent the US Federal Reserve (Fed) will cut interest rates in September.

Also, investors responded to the data that the UK's economic growth rate for the second quarter was 0.6%, but it stalled as expected in June.

In relation to companies, financial results such as Adien in the Netherlands and the Admiral in the UK are planned.

Futures for Euro Stoxx 50 and Stoxx 600 rose by around 0.4% in pre-market trading.