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European stocks rise ahead of inflation figures
The European stock market resumed its rise today as investors await inflation data in the Eurozone, following a decline in indices yesterday due to escalating tensions in Iran and the Middle East war. The Stoxx 600 index increased by 0.7%, and Germany's DAX rose by 1%. Meanwhile, shares of French company Vifaxe dropped by 28% after it announced that some of its patients had developed cancer during trials for ulcerative colitis treatment. The market expects the European Central Bank to raise interest rates by 25 basis points at the upcoming meeting, as inflation in April exceeded 3%, surpassing the central bank’s target.
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