European stocks are experiencing gains as investors anticipate crucial U.S. inflation data. On Wednesday, European stocks saw strong gains, which continued into Thursday and Friday, leading to a higher open. The markets are particularly focused on the upcoming U.S. Consumer Price Index (CPI) report, which is expected to provide insights into inflation trends. This anticipation has led to record highs in U.S. markets and has bolstered investor sentiment in Europe. Additionally, the slowing U.S. inflation and increasing probabilities of a Federal Reserve rate cut in September have further lifted market optimism.