European Stocks Rise Ahead of US Inflation Data, Tracking Asian Gains

European and Asian stocks rose as investors awaited US inflation data that will likely influence the Federal Reserve`s interest rate decisions. The UK`s unemployment rate unexpectedly fell, potentially impacting the Bank of England`s plans to lower rates. Market focus is on whether the US consumer price index will indicate a potential economic soft landing. Meanwhile, rising oil prices are raising concerns about inflation, with producer price data expected. Japanese stocks benefited from a weaker yen, and Asian markets recovered from last week`s losses. Brent crude oil remained elevated due to geopolitical tensions in the Middle East. In China, efforts to control a bond market rally are impacting corporate debt yields.