Reported about 1 month ago
European stocks reached record highs as improved inflation data across developed economies sparked optimism for potential interest rate cuts. The Stoxx Europe 600 index rose 0.4%, aided by a three-year low in euro-area inflation. US equity futures also showed gains, with market sentiments leaning towards expectations of a Fed rate cut next month as inflation shows signs of moderation. Commodities such as oil and iron ore experienced price increases amid positive economic indicators.
Source: YAHOO