US consumer price index data for May is scheduled for release today, with economists forecasting an annual inflation rate of approximately 3%.
The expected uptick is primarily driven by surging oil prices, which continue to exert pressure on the broader price index.
Markets are closely monitoring the print for signals on the Federal Reserve's next policy move, particularly as energy costs remain a volatile component of the inflation picture.
In corporate news, Swedish fashion retailer Ellos is set to list on Nasdaq Stockholm, adding to the day's trading activity.
The listing provides a fresh benchmark for consumer discretionary stocks in the region, though investor attention remains heavily focused on the macro data from Washington.
The US inflation data arrives amid a backdrop of rising prices globally.