European Stocks Rise on US Inflation Bets; UBS Leads Gains

Global markets are showing optimism following positive economic indicators in the US and Asia. European and Asian stocks rose, driven by hopes that easing US inflation will lead to interest rate cuts by the Federal Reserve. Strong corporate earnings, particularly in the financial sector, also contributed to market gains. However, concerns about Chinese demand caused a dip in mining stocks. Meanwhile, the UK experienced a drop in the pound after inflation fell below expectations, leading traders to anticipate Bank of England rate cuts. In other news, New Zealand initiated an early easing cycle with a rate cut, impacting its currency and stock market.