European stocks rose 0.7% ahead of key inflation data; ECB expected to cut interest rates.

European stocks rose on Monday, with the pan-European STOXX 600 index increasing by 0.7% ahead of key inflation data from Germany, Spain, and France. The European Central Bank is anticipated to cut interest rates at its Thursday meeting. The DAX, CAC 40, and FTSE 100 also saw gains. Notably, Entain surged 8.2%, while Adidas fell 4% after a downgrade. The Eurozone Sentix Investor Confidence Index dropped to -15.4 in September, indicating growing concerns.

September 09, 2024
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