European stocks edge up as investors await US inflation update

European stocks edged up after the S&P 500 closed at a new record high Friday amid optimism over eventual Federal Reserve interest-rate cuts and as investors look forward to a crucial update on US inflation.

Rates-sensitive real estate stocks led gains in Europe, while oil companies were laggards amid weakness in crude prices. US equity futures kept to narrow ranges after the S&P 500 closed above 5,000 for the first time on Friday, driven by a renewed rally in big tech companies. Treasury yields ticked lower, while the dollar was steady after wrapping up a sixth week of gains, the longest winning streak since early September.

JPMorgan European Discovery Trust plc (LON:JEDT) is an investment trust company. The Investment Trust JEDT objective is to achieve capital growth from a portfolio of quoted smaller companies in Europe, excluding the United Kingdom.

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