European shares climb ahead of key inflation data

European shares rose on Monday as investors anticipated a week full of key economic data, including inflation figures from Germany and the US. The pan-European STOXX 600 index climbed 1.18 per cent by 6:56 ET (10:56 GMT), while Germany’s DAX gained 1.41 per cent, and France’s CAC 40 was up 1.15 per cent.

Switzerland’s SMI also posted an increase, rising 0.97 per cent, while Spain’s IBEX 35 saw a smaller gain of 0.60 per cent. However, the UK’s FTSE 100 added 0.93 per cent, reflecting some mixed sentiment in broader European markets.

Investor focus this week will centre on inflation reports from the US. and across Europe, as well as a preliminary estimate of the euro zone’s third-quarter GDP.

The data could shed light on the economic impact of recent rate hikes by central banks and signal potential shifts in monetary policy.

Attribution: investing.com, Amwal Al Ghad English, Reuters

Subediting: Y.Yasser