European markets set to inch higher as global sentiment rebounds

European markets are set for a cautiously higher open on Friday, tracking global counterparts as sentiment rebounded following a rocky week.

European investors continue to digest the

in response to higher inflation and stronger GDP growth across the euro zone. The ECB also modestly revised up its medium-term inflation forecasts. "For now, the relatively dovish upward revision to the inflation forecast should reassure markets that more support is coming."

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