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 decision to cut interest rates. Positive US inflation data reinforced the expectation of easing monetary policy, creating a favorable environment for risk assets. Market attention turned to upcoming economic indicators, including jobless claims, retail sales, and Walmart`s earnings, for further insights into the US economy. Asian markets also responded positively to economic data, with Japan`s economy exceeding growth forecasts and China showing signs of stabilization. However, some analysts interpreted China`s data as a need for further government stimulus to achieve its growth target.