European stocks rise as investors await US inflation data

European stocks rose Thursday, January 12, in light of anticipation ahead of the release of US inflation data, which may affect the course of monetary policy in the largest global economy, while Logitech shares fell as sales expectations were cut after the company failed to achieve its quarterly targets.

The Stoxx 600 index of European shares rose 0.3%.

All eyes are on US inflation data due at 13:30 GMT, and US Federal Reserve officials said this week that this data will help them determine the pace of slowing rate hikes.

The interest rate-sensitive technology sector index fell 0.6%.