European Stocks Rise as Markets Await US Inflation Data

European stocks rose for the fifth consecutive day as market volatility calmed and investors awaited key US economic data releases expected to provide insight into future Federal Reserve interest rate decisions. While concerns linger about the Fed`s response to inflation, analysts point to several factors, including receding fears of a US recession, that suggest a period of relative market stability may be ahead. However, significant market movement is anticipated around the release of US inflation data, with investor focus remaining on economic growth prospects rather than inflation and interest rates. Meanwhile, Chinese authorities are taking steps to curb a surge in bond trading, while the recent strengthening of the yen following the Bank of Japan`s rate hike continues to impact global markets.