European Stock Futures Higher; Fed Officials Soothe Inflation Concerns By Investing.com – Investing.com

European Stock Futures Higher; Fed Officials Soothe Inflation Concerns By Investing.com – Investing.com

© Reuters.

By Peter Nurse 

Investing.com - European stock markets are seen opening higher Friday, helped by the rebound on Wall Street as Federal Reserve officials managed to ease investor jitters over growing inflationary pressures.

At 2:05 AM ET (0705 GMT), the contract in Germany traded 0.1% higher, in France climbed 0.6% and the contract in the U.K. rose 0.4%. 

All three major U.S. stock indexes notched solid gains on Thursday, bouncing back from three straight days of selling on worries that rising inflation will push the Federal Reserve into tapering its ultra easy monetary policies earlier than it is currently guiding. 

The blue-chip closed 1.3%, or over 400 points, higher, the gained 1.2%, its biggest percentage gain in over a month, while the picked up the rear, rising 0.7%.

This positive tone has continued in Asia, with Japan’s leading the rebound, gaining over 2%, and Europe is expected to follow suit.

Federal Reserve officials have been out in force reiterating that price pressures from the reopening of the economy would prove transitory. Overnight, Governor Christopher Waller signaled that rates won't rise for quite some time, echoing comments from Lael Brainard and