According to Jinshi, European stocks rose, following the pace of U.S. stocks closing at a record high last Friday, boosted by investors' optimism that slowing inflation will trigger interest rate cuts in the coming months. The European Stoxx 600 index closed up 0.5%, less than 1.5% from its record high. Dan Scott, head of Vontobel Multi Asset, said that the inflation trajectory is clearly showing a downward trend, and it is clear that current interest rates are too high.