European Stocks Rise as Investors Focus on Central Bank Meetings and Economic Data

LONDON, Oct 30 - European stock indexes rose on Monday as investors focused on the outlook for interest rates ahead of a busy week of central bank meetings and economic data.

At 1152 GMT, the MSCI World Equity Index was little changed, up 0.1% on the day but still near its lowest since late March . Japan's Nikkei fell 0.95% amid speculation the BOJ might tweak its yield curve control policy when its two-day policy meeting wraps up on Tuesday. Investors are betting that rates in the region will stay persistently high, although new data showed inflation in Germany is falling.

The U.S. dollar index was down around 0.1% at 106.450 , and the euro was up 0.2% on the day at $1.05825 .Risk appetite was dulled to some extent by Israel's push to surround Gaza's main city in a self-declared"second phase" of a three-week war against Iranian-backed Hamas militants. But analysts said this was just one of a number of factors affecting sentiment.

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