European stocks rise thanks to mining and energy companies ahead of key inflation readings

European stocks rose on Thursday, led by mining and energy stocks, as investors awaited headline inflation levels in the United States and the euro zone that could support expectations of global interest rates peaking.

The European STOXX 600 index rose 0.1 percent by 0810 GMT, achieving its largest monthly gain since January.

Mining company shares rose 0.4 percent, affected by the rise in copper prices, and energy company shares increased 0.9 percent with oil prices rising before the OPEC+ meeting.

The Personal Consumption Expenditures Price Index, the Federal Reserve’s preferred measure of inflation, and inflation data in Europe are scheduled to be released on Wednesday.