Markets Anticipate ECB Rate Cut Amid Inflation Concerns

Asian stock markets saw a rise as investors showed renewed interest in tech stocks, particularly Nvidia. Attention is now on the ECB's expected rate cut and U.S. inflation data that suggests a modest Fed rate cut. Europe's markets are poised for gains, with U.S. jobless claims and PPI data forthcoming.

Asian stock markets experienced an upswing as tech stocks, particularly Nvidia, regained investor favor. Speculation risen over the European Central Bank's imminent rate cut while U.S. inflation data hints at a modest Federal Reserve rate reduction.

European markets are geared for robust gains, spurred by futures surging over 1%. ECB President Christine Lagarde's forthcoming briefing will be critical, with markets weighing the likelihood of further cuts this year.

As focus shifts back to the United States, key developments such as weekly jobless claims and producer price data are set to influence market movements, with potential impacts on Fed's monetary policies.

(With inputs from agencies.)