investors digest data, central bank moves
LONDON — European stocks are expected to open higher on Monday as investors continue to consider last week’s jobs data from the U.S. and central bank decisions in Europe.
The U.K. FTSEIndex opens 14 points higher than its previous 7,522 Germany opening. DAX 42 points higher at 15,137, France’s CAC 40 up 24 points at 6,967 and Italy’s FTSE MIBAccording to data from IG, 26611 was 20 points more
As central bank decisions continue to rule market sentiment, Monday will see a higher open. Investors in the region digested last week’s latest decision. the European Central Bank, which kept interest rates unchanged in spite of record inflation levels across the euro zone. In the meantime, rates were raised by Bank of England its first back-to-back interest rate rise since 2004.
Principal European bourses including France CAC index and Germany’s DAXFriday’s dip in the index fell to negative territory with the German index losing 1.8%.
U.S. stocks rounded off last week with the S&P 500 and Nasdaq Composite jumping Friday to finish their best week of the year, as continued strength in earnings reports extended the tech-led rebound from the January rout.
Traders on Friday also weighed a much stronger-than-expected jobs report and its potential impact on U.S. monetary policy going forward. U.S. stock index futuresThe overnight trade on Sunday saw the stock decline shares in Asia-Pacific were mixed in Monday tradeThe mainland China market is rising after the Lunar New Year holiday last week, and they are now open.
Sanofi has earnings for Monday in Europe. Vinci, Intesa Sanpaolo, and data releases also include December industrial output from Italy.
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