Premarket: European stocks climb as yen slumps to one-year low

News Snapshot:

European stocks started on a strong footing on Monday after Wall Street’s positive close on Friday, with focus turning to U.S. inflation data for more clues on whether interest rates have peaked. MSCI’s gauge of global equities rose 0.2% to a four-week high of 667.7 and the pan-European STOXX 600 index gained 0.8%. “With less hawkish remarks from European and British central bankers in the past few days, there’s a hope that we might be near peak rate hikes,” said Russ Mould, investment director at AJ Bell. “Here in the UK, it looks like markets almost believe they’ll dodge recession,...