European Stocks Extend Gains as Soft US Data Drive Fed Optimism

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Markets today: Stocks extend gains after consumer sentiment dataStocks extended gains after data showed U.S. consumers tempered inflation expectations in late May, which bodes well for prospects of U.S. Federal Reserve rate cuts.
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European Stocks Erase Gains as US Data Thwarts Rate-Cut BetsEuropean stocks lost momentum after US business activity accelerated amid a pickup in inflation that will likely keep Federal Reserve rate cuts at bay.
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Markets today: European stocks extend record on earnings strengthEuropean stocks rose to a fresh record as a clutch of solid company reports provided evidence that the earnings recovery is filtering through to a wider swathe of the economy.
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