European stocks start the week higher, following global market positivity
European stocks started the new trading week on a positive note, following their global counterparts higher as hopes resurface for a Fed rate cut in December.
The pan-European Stoxx 600 was up 0.4% shortly after Monday’s opening bell, with most major bourses and sectors in positive territory.
The U.K.’s FTSE index opened 0.37% higher, Germany’s DAX rose 0.86%, France’s CAC 40 gained 0.54%, while Italy’s FTSE MIB fell 0.36%.
Asia-Pacific markets and U.S. stock futures climbed in overnight trading Sunday as the market sought to build on a strong rebound that started on Friday, after the head of the New York Federal Reserve left the door open to a December interest rate cut.
The Fed’s next meeting will take place on Dec. 9-10 and markets are currently pricing in a 69.3% chance of a quarter-percentage-point cut, according to the CME FedWatch tool.
Global markets have had a tumultuous few weeks as investors questioned the sky-high valuations of artificial intelligence-linked tech names that have powered much of 2025′s market gains.
Source: CNBC.com
