European Stocks Braced for Lower Open Amid US Economic Strength

European equity markets were poised for a lower opening on Thursday as investors grappled with strong US economic data and its implications for inflation. The latest figures added to concerns that further interest rate hikes are on the horizon, causing Treasury yields to surge.

The rebound in oil prices also contributed to increased inflation risks, with ongoing uncertainty surrounding US-Iran negotiations adding to market jitters.

On Thursday, investors will assess key economic indicators, including the German business sentiment survey and French business and consumer confidence data. The corporate world is also abuzz with news of Schneider Electric's planned acquisition of Bulgarian company Shelly Group for approximately $1.4 billion.