Global Markets Rise on Hopes of Fed Rate Cuts as Inflation Cools

European and US stock markets showed modest gains as investors anticipated economic data that could support the Federal Reserve`s potential interest rate cuts. Positive US inflation data fueled expectations of easing monetary policy, boosting investor confidence. Market watchers awaited further economic indicators, including jobless claims, retail sales, and Walmart`s earnings, for a clearer picture of the US economy. Meanwhile, Asian markets responded positively to economic figures from Japan and China, although some analysts remained cautious about the need for further stimulus in China.