Soft Economic Data From China Hits European Stocks

This is what you need to know on Thursday:

1. European stocks open lower Thursday as global investors pullback from multi-year and all-time highs amid softer-than-expected economic data from China.

2. China's triple set of weak data and a broader pullback from 10-year highs, clipped the MSCI Asia ex-Japan index by around 0.07% and pushed the Nikkei 225 down 0.26% into the close of trading.

3. The U.K. pound, which had tested a one-year high of 1.3371 earlier this week after August inflation data showed consumer prices rising at a four-year high 2.9%, has pared gained since to around 1.3205, but traders remain alert to any potential intervention by the BoE in order to maintain price stability.

4. Tenet Healthcare shares spike in pre-market trading on reports of potential sale plans

5. Wall Street is expected to open modestly lower, as well, at the start of trading today, but inflation data and jobless claims, which may spike again as a result of Hurricanes Harvey and Irma, have the potential to change the session's direction.

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