European stocks are expected to open higher on Monday as international markets gear up for key U.S. data releases, including the latest inflation reading.
The positive start for European stocks comes after markets closed lower last Friday after data showed the. U.S. and European stocks slid as investors assessed the potential for rising interest rates as a result of the better-than-expected data.
The latest U.S. inflation reading at the end of the week will be a key focus for markets. May's consumer price index in the U.S. is expected to be just slightly cooler than April, and some economists are expecting it could confirm that inflation has peaked. The University of Michigan consumer sentiment index, also due Friday, will also be closely watched by investors.