European stocks eked out modest gains on Monday as weaker-than-expected April U.S. jobs report released on Friday boosted the case for rate cuts by the third quarter.
European stocks may open on a firm note Tuesday, though overall gains are likely to remain capped ahead of the release of U.S. consumer price inflation report later in the day and Wednesday's Fed policy decision.
European stocks advanced on Friday amid expectations that the Federal Reserve may announce two rate cuts next year to support growth. Investors shrugged official data showing that U.