European markets open higher on Monday, focusing on U.S. and U.K. inflation data this week.
European markets opened higher on Monday, as investors focus on U.S. and U.K. inflation data this week. Last week's market volatility appears to ease, with the Stoxx 600 index up 0.3%. U.S. inflation data, including core producer price index on Tuesday and consumer price index on Wednesday, will help gauge the state of the U.S. economy amid concerns over a potential job market slowdown. U.K. inflation data is scheduled for Wednesday, following the Bank of England's interest rate cut last week.
August 12, 2024
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