European stocks were seeing modest gains on Monday after the Federal Reserve's preferred gauge of inflation rose less than expected in February, boosting optimism policymakers might hit the pause button on rate hikes in May.
Meanwhile, investors shrugged off data showing that activity at struggling factories across the eurozone fell further last month.
S&P Global's final manufacturing Purchasing Managers' Index (PMI) fell to 47.3 in March from February's 48.5 and just ahead of a preliminary reading of 47.1.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.