European shares rebound as focus turns to ECB cuts

The main regional index slumped 3.5% last week, its biggest decline since the US regional banking crisis in March 2023, as subdued economic data globally dented sentiment

With the Federal Reserve set to cut rates this month, US inflation data to be released tomorrow will be closely watched.

European stocks rebounded from their biggest weekly drop in 18 months as traders’ attention turned to key US inflation data and the European Central Bank’s (ECB) rates decision this week.

The Stoxx Europe 600 Index gained 0.8% by the close.