LONDON – European stock indexes are set to start the trading week on a stronger footing this week as traders look ahead to more corporate earnings, economic data and the Bank of England’s interest rate decision this week.
this FTSE 100 Closed on Monday for a public holiday following the coronation of King Charles III.French CAC40 The day opened up 30 points to 7,367 points, German DAX Expected to rise 58 points to 15,791 and Italy FTSE MIB Will rise 115 points to 26,575.
Market participants have spent weeks dealing with concerns about inflation and interest rates, with the Bank of England scheduled to meet on Thursday. Both the Federal Reserve and the European Central Bank raised interest rates by a quarter percentage point last week, and many now expect the former to start cutting rates sometime in the summer.
Asia-Pacific markets rose sharply on Monday, with the only exception being Japan, where the Nikkei 225 fell. Minutes of Japan’s March monetary policy meeting showed committee members were concerned that inflation was accelerating at a faster-than-expected pace.
U.S. futures were flat on Monday, with investors’ attention this week turning to Wednesday’s April consumer price index, followed by Thursday’s producer price index.
—CNBC’s Jihye Lee and Samantha Subin contributed to this article.