European stocks set to rise at the start of the week, traders digest rate hikes; FTSE closed

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European indexes are set to start the week on a stronger footing, as traders look to more corporate earnings, economic data and a Bank of England rate decision.

Market players have spent weeks juggling concerns over inflation and interest rates, with the Bank of England due for a rate-setting meeting on Thursday. Both the Federal Reserve and the European Central Bank hiked rates by a quarter of a percentage point last week, with many now expecting the former to start cutting rates at some point during the summer.Nikkei 225

fall. Minutes from Japan's March monetary policy meeting showed board members were concerned over inflation accelerating at a higher-than-expected pace. U.S. futures were flat on Monday as investor attention this week turns to April's consumer price index due out Wednesday, followed by the producer price index on Thursday.

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