European Stocks Climb as Yen Slumps to One-Year Low

European Stocks Climb as Yen Slumps to One-Year Low
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, on Nov. 8, 2023. Staff/Reuters
Reuters
Updated:
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LONDON/TOKYO—European stocks started on a strong footing on Monday after Wall Street’s positive close on Friday, with focus turning to U.S. inflation data for more clues on whether interest rates have peaked.

MSCI’s gauge of global equities rose 0.2 percent to a four-week high of 667.7 and the pan-European STOXX 600 index gained 0.8 percent.