European stock markets opened positive, supported by the tech sector. Keep an eye on Eurozone inflation numbers

“European stock markets” opened positive, supported by technology stocks leading the market, rising 1.1%. Investors keep an eye on Eurozone inflation numbers. Meanwhile, economic growth across the Eurozone remains sluggish.

European stock markets opened higher today (March 1) as investors await the release of eurozone inflation figures later today.

The STOXX 600 index opened at 495.08 points, up 0.47 points or +0.10%. The German DAX index opened at 17,793.47 points, up 115.28 points or +0.65%, and the French CAC-40 index opened at 7,950.66 points, up 23.23 points or +0.29%.

All stock sectors were in positive territory, with technology stocks leading the market up 1.1%.

The market awaits the release of February Eurozone preliminary inflation data today. Economists in a Reuters poll expected inflation to rise 2.5% year-on-year. which decreased from 2.8% in January.

The European Central Bank (ECB) will also keep a close eye on these figures. To consider the direction of monetary policy and future interest rate adjustments. Meanwhile, economic growth across the Eurozone remains sluggish.

The market expects the ECB to start cutting interest rates in June. In line with the US Federal Reserve (Fed)