London city skyline view overlooking the Thames River and Waterloo Bridge at sunset on February 10, 2024 in London, UK.
Mike Camp | In Pictures | Getty Images
European markets are poised to gain as a new trading week begins on Monday, with investors looking to shake off last week’s negative sentiment and turn their attention to regional inflation data.
British FTSE 100 German stocks were last expected to open 15 points higher at 8,084 points German DAX Index France’s points will increase by 56 points to 19,278 points CAC 40 points is expected to rise 23 points to around 7,299 points. Italian FTSE MIB The index is also expected to open higher, rising 158 points to 34,060.
Markets ended lower on Friday, with the pan-European Stoxx 600 index recording its fourth consecutive weekly loss.
Investors will be watching several key regional data points this week, including the latest UK inflation data on Wednesday. The data follows Friday’s UK gross domestic product data, which came in at 0.1% in the third quarter, below expectations.
The final Eurozone consumer price index will also be released this week. Meanwhile, a slew of PMI reports from the region are scheduled for release on Friday.
Prior to this, several central bank policymakers, including European Central Bank President Christine Lagarde, will give speeches, and investors will use these speeches to interpret whether the European Central Bank will announce another interest rate cut at its December meeting.
Overnight, Asia-Pacific stocks started the week mostly higher, with U.S. stock futures little changed. Domestic attention this week will turn to earnings reports from tech giants NVIDIAinvestors were specifically seeking guidance on the company’s Blackwell AI chips.
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