European stocks rose, following the pace of U.S. stocks that closed at record highs on Friday, buoyed by investors' optimism that slowing inflation would trigger interest rate cuts in the coming months. The Euro Stoxx 600 index closed up 0.5%, less than 1.5% from its record high. Dan Scott, head of Vontobel Multi Asset, said the inflation trajectory was clearly showing a decline and it was clear that Intrerest rates were too high right now.
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Optimistic expectations of interest rate cuts provide a boost European stock markets are approaching record highs
European stocks rose, following the pace of U.S. stocks that closed at record highs on Friday, buoyed by investors' optimism that slowing inflation would trigger interest rate cuts in the coming months. The Euro Stoxx 600 index closed up 0.5%, less than 1.5% from its record high. Dan Scott, head of Vontobel Multi Asset, said the inflation trajectory was clearly showing a decline and it was clear that Intrerest rates were too high right now.