London sky.
Andrea Pucci Open Time | Getty Images
LONDON – European shares started a new trading week higher, with US and UK inflation data set to dominate the focus this week.
Pan-European Stoxx 600 index nudged 0.3% higher in the open on Friday as investors hunt for signs that the market rout last week has ended. Financial services and insurance led the gains, both up around 0.6%.
European stocks trailed their Asia-Pacific counterparts higher, continuing to ease recent volatility. Global stock markets looked sawed last week with sharp sell-offs followed by sharp rebounds.
The Stoxx 600 index finished with a weekly gain of 0.27%, rebounding from a 2.9% decline the previous week.
US stock futures were little changed on Friday as investors awaited key inflation data, with the core producer price index on Tuesday followed by the July consumer price index on Wednesday.
Major Wall Street averages rose on Friday, with the index making a sharp recovery from the fall.
Investors this week are hoping to get a better look at the state of the US economy after fresh fears about a weakening labor market rattled traders and shook markets.
UK inflation data is due on Wednesday, the first print since the Bank of England cut interest rates by 25 basis points.
