The FTSE 100 is nearing a record high, targeting the 8800 mark ahead of the US CPI inflation data release, with potential for 9000 if surpassed. Meanwhile, the DAX 40 has reached another record high and is eyeing the 22,500 region, supported by a shift from US mega-cap stocks. The S&P 500 remains in a range below last week's high, awaiting inflation data, with key levels at 6100 and 6000 to watch.