European Stocks Soar as Inflation Eases, Retail Sales Boost Sentiment, and Rate Cut Bets Rise

European stocks closed higher, capping off their best month since January, as euro zone inflation data indicated a decrease in rising prices. The Stoxx 600 index gained 5.87% in November, its strongest performance this year. This positive sentiment was also reflected in US stocks, which are on track for their best month of the year. The expectation of interest rate cuts in major economies next year, coupled with falling inflation, has boosted market sentiment. Additionally, global stocks are set to have their best month in three years. In other news, German unemployment rose slightly in November, while French inflation slowed and the country's GDP contracted in Q3.