By Khushi Singh and Shristi Achar A (Reuters) -European shares climbed on Thursday, led by a rise in automobile and technology stocks, while investors awaited U.S. inflation data for more clarity on the trajectory of interest rate cuts by the Federal Reserve and other major central banks. The pan-European STOXX 600 was up 0.5% by 0921 GMT. Market participants keenly await the U.S. inflation report, due at 8:30 a.m. ET (1330 GMT), to assess the timing of rate cuts from the Fed, which will help set the tone for other central banks. Traders are betting on 140 basis points (bps) of rate cuts by th…