European Markets Mostly Higher as Inflation Data and Nvidia Earnings Awaited

On Thursday's European trading session, the major stock indices witnessed modest gains despite mixed reactions to U.S. economic data. The FTSE 100 in the UK was the only index to close lower, while the DAX and CAC 40 of Germany and France saw small increases. Italy’s MIB Index stood out with a gain of over 0.31%. In contrast, US markets closed slightly lower following the PCE report, indicating a slightly higher inflation rate than expected. This macroeconomic backdrop reflects ongoing concerns about global inflation and its implications for real interest rates in European debt markets. Additionally, the performance of the U.S. dollar against major currencies also impacted stock movements. Investors will be watching Nvidia’s earnings after market close tonight for insights into the technology sector's future prospects. Source original: ForexLive (InvestingLive).