The German stock market should initially recover on Thursday after the previous day's setback.

The pre-market X-Dax was currently at 13,630 points at around 8.15 a.m. and was thus at about the level of the previous day’s close.

The index had previously shown a somewhat recovered start.

However, futures trading on the American S&P 500 index currently indicates a just maintained trend on Wall Street, which usually determines the direction of the German stock exchanges.

The European stock markets posted heavy price losses on Wednesday, with the Dax losing 2 percent to 13,627 points and the market-wide FAZ index falling somewhat more sharply to 2,220 points.

The Euro Stoxx 50 fell by 1.3 percent to 3756 points.

Investors were startled by inflation figures from Great Britain, where inflation rose to 10.1 percent in July, the highest value since 1982. This reinforces the expectation that key interest rates will continue to rise.

Among the individual values, Uniper was particularly weak with a minus of 12 percent.

It was clear that the gas importer would not present any intoxicating business figures.

The half-year loss of 12 billion euros turned out to be alarmingly high.

Analysts said there was not even a small glimmer of hope in either the numbers or the outlook.

Concerns about higher interest rates also weighed on interest-sensitive growth stocks. Zalando lost 8 percent and Hello Fresh 7 percent.

In Paris, the Sanofi share price fell by 5 percent.

The development of the breast cancer drug amcenestrant had to be stopped in a late phase of the study.

Analysts had associated good business with the drug from 2025 onwards.

The American stock exchanges also recorded price losses.

However, when the minutes of the most recent Fed meeting were released, some thought the pace of rate hikes might be slowing, allowing the S&P 500 index to recoup almost all of its losses at one point, albeit at 4,274 points 0.7 percent in the red closed.

In Asia, prices on Asia's major stock exchanges came under pressure on Thursday.

The leading Japanese index Nikkei 225 fell by 1 percent to 28,938 points.

The Hang Seng index fell 0.9 percent to 19,752 and the CSI 300 index fell 0.8 percent to 4,182.