European stocks and Wall St futures rise after US inflation lower than forecast

European stocks and Wall Street futures rose after US inflation came in lower than expected on Tuesday, boosting the likelihood that the Federal Reserve will not raise interest rates this week.

Contracts tracking the S&P 500 signalled that the index will open 0.3 per cent higher, while those tracking the tech-heavy Nasdaq 100 added 0.6 per cent ahead of the New York open.