European Stocks Stoked by Cooler Inflation Report

European Stocks Stoked by Cooler Inflation Report
A person wearing a protective mask walks in front of an electronic stock board showing Japan's Nikkei 225 and other indexes at a securities firm, in Tokyo, Japan, on Jan. 23, 2023. Eugene Hoshiko/AP Photo
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LONDON/SYDNEY—European shares jumped on Monday after a key economic report for the region showed a fall in inflation—an optimistic kick-off for a week littered with major economic data, central bank meetings and earnings updates.

Eurozone inflation fell further in July and most measures of underlying price growth also eased, in a largely comforting sign for the European Central Bank (ECB) as it considers ending a brutal string of interest rate hikes.