"European Stocks" European stocks rose in the early session, with the UK stock market up 1% and HSBC's London share price rising by 3.5%

European stocks rose in early trading, with the UK market up 1%. A significant decline in inflation in the UK last month triggered a drop in the pound, leading investors to expect a quarter-point rate cut from the Bank of England at this week's meeting, which boosted the UK stock market. The market is also focused on the European Central Bank's meeting this week.

The pan-European STOXX 600 index rose by 1.73 points or 0.3%, closing at 581.53 points. The UK FTSE 100 index increased by 96 points or 1%, closing at 9,781.33 points; the French CAC 40 index rose by 11 points or 0.1%, closing at 8,118 points; the German DAX index increased by 82 points or 0.3%, closing at 24,159 points; the Spanish IBEX 35 index rose by 57 points or 0.3%, closing at 16,979 points; and the Italian FTSE MIB index increased by 259 points or 0.6%, closing at 44,249 points.

HSBC Holdings (00005.HK) and Standard Chartered (02888.HK) saw their London stock prices rise by 3.5% and 2.7%, respectively, while resource stocks Anglo American and Glencore rose by 3.2% and 2%. Oil stocks, including BP, increased by 1.9%. STMicroelectronics rose by 2.3%.

In U.S. stock futures, the Dow Jones March futures rose by 40 points to 48,519 points; the S&P 500 March futures increased by 9 points to 6,865 points; and the Nasdaq 100 March futures rose by 40 points to 25,420 points.

In the Asia-Pacific stock markets, the Shanghai and Shenzhen stock markets rose by 1.2% and 2.4%, respectively. The Hong Kong Hang Seng Index increased by 233 points or 0.9%, closing at 25,468 points, with a turnover of HKD 183.1 billion. The Taiwan stock market fell by less than 0.1%. The Japanese and South Korean stock markets rose by 0.3% and 1.4%, respectively, while the Australian and New Zealand stock markets fell by 0.2% and 1%. The Indian Nifty 50 index dropped by 65 points or 0.3%, closing at 25,794 points. The Singapore Straits Times Index fell by 1 point to 4,577 points. The Malaysian stock market declined by 0.4%, the Indonesian stock market remained flat, while the Thai and Philippine stock markets rose by 0.1% and 0.4%, respectively. The Vietnamese markets in Hanoi and Ho Chi Minh City fell by 0.8% and 0.3%