European stocks subdued ahead of key US and EU inflation data impacting ECB and Fed interest rate decisions.

European stocks were subdued on Monday as key markets were closed and investors awaited key inflation data from the U.S. and Europe. The pan-European STOXX 600 index rose 0.1%. Investors are looking forward to May consumer prices data for the eurozone to determine the European Central Bank's (ECB) approach to interest rates ahead of a policy meeting next week. The ECB is likely to start easing interest rates in the upcoming meeting with a 90% probability. Meanwhile, U.S. inflation data, due on Friday, will help traders assess the potential timing and scale of rate cuts by the Federal Reserve this year.

May 27, 2024
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