(RTTNews) – European stocks are likely to open higher on Friday after semiconductor giant Intel reported third quarter earnings and revenue that topped Wall Street’s estimates.
The company also provided an upbeat revenue outlook, suggesting it’s making progress on a comeback attempt.
Investors also eagerly await a key U.S. CPI report later in the day, which was delayed due to the ongoing government shutdown.
The core CPI, which excludes food and fuel, is expected to have climbed 0.3 percent for a third straight month, keeping the annual core CPI at 3.1 percent.
The Federal Reserve is facing an unprecedented challenge as it prepares to announce its interest-rate decision next week with almost no economic data.
Closer home, flash purchasing managers’ survey results from the euro area and the U.K. may garner some attention later in the day.
On the geopolitical front, EU leaders agreed to…
