Caution Prevails in European Stocks Ahead of U.S. Inflation Data

Calmness dominated trading in European stocks on Wednesday as investors remained cautious ahead of the U.S. inflation data, which is expected to provide further insights into the Federal Reserve's decision regarding monetary policy next month. The European Stoxx 600 index rose by 0.1% by 07:07 GMT, with real estate stocks leading the gains, climbing by 1.3%, while food and beverage stocks fell by 0.6%. Mining stocks dropped by 0.6% after rising in the previous session. All eyes will be on the U.S. data scheduled to be released at 12:30 GMT, which is expected to show a moderation in consumer price growth in March compared to the previous month, while remaining elevated on a yearly basis.