European Stock Markets Post Gains as US Inflation Figures Point to Possible Fed Rate Cut

European stock markets saw positive movements on Monday, with the Euro Stoxx 600, FTSE 100, DAX index and OMXS30 index all experiencing gains. The increase in the Euro Stoxx 600 was 0.1 percent, while the FTSE 100 in the UK went up by 0.2 percent, Germany’s DAX index by 0.2 percent and Sweden’s OMXS30 index by 0.5 percent. These positive movements were influenced by softer than expected US inflation figures released last week, which hinted that the Fed may reduce interest rates later in the year.

In Ireland, aviation company Ryanair released its first-quarter results on Monday. CEO Michael O’Leary expressed optimism about summer demand but noted that pricing was softer than anticipated. O’Leary had previously expected summer prices to increase by up to 10 percent but now predicts they will either stay stable or only slightly rise compared to last summer. Following this news, Ryanair’s stock saw a slight decrease of about one percent in early trading.

Looking ahead, Wall Street is expected to open on a positive note based on futures trading.