Global financial markets are trading higher as risk sentiment improves, driven by robust performance on Wall Street and a decisive rebound in Asian equities.
The rally reflects growing investor optimism ahead of a critical week for macroeconomic data, with European consumer price index (CPI) releases taking center stage.
0% year-on-year in June, edging lower as cooling energy and commodity prices dampened headline inflation.
The positive momentum comes as traders digest mixed inflation signals from major economies.
China’s CPI rose just 1.0% year-on-year in June, edging lower as cooling energy and commodity prices dampened headline inflation.
This data points to softening domestic demand in the world’s second-largest economy, adding nuance to the global inflation narrative.
In Europe, attention is fixed on upcoming inflation prints that will guide central bank policy expectations.