European stocks opened mixed Thursday as global inflation worries continue to rattle markets.

The pan-European Stoxx 600 dipped 0.06% in early deals, with sectors and major bourses trading in opposite directions. Insurance stocks added 0.3%, while retail shed 2.7%

H&M plunged 14% after it reported a smaller-than-expected rise in second-quarter profits.

Global market attention is shifting toward fresh U.S. inflation data on Friday, with May's personal consumption expenditures price index, the U.S. Federal Reserve's preferred inflation gauge, due to be released. Investors hope the report will show easing pricing pressures that could cement the likelihood the Fed will lower interest rates later this year.

Source : CNBC