The dollar weakened, stocks rose and Treasury yields declined on expectations that slowing U.S. inflation will undermine the case for further rate hikes.

The U.S. dollar rate indicator fell to its lowest level since April as traders’ attention is focused on U.S. consumer price data due out later on Wednesday. Expectations for core and core inflation continue to fall amid the Federal Reserve’s monetary policy onslaught.

The Stoxx Europe 600 Index rose for a fourth day, with bank stocks outperforming after all eight of the UK’s biggest lenders passed the Bank of England’s latest stress test. Virgin Money UK Plc’s share price rose more than 5% and Lloyds Banking Group Plc rose 2.5%. Shares of travel and entertainment companies fell, led by Air France-KLM and IAG after Deutsche Bank cut its recommendations on those stocks.

Futures on the S&P 500 and Nasdaq 100 indexes rose after significant gains on Tuesday.