European Stocks Slightly Higher, Markets Nervously Awaiting the Fed
European stocks opened slightly higher on Monday. The Stoxx 600 Index rose almost 0.1% after 8:00 a.m. in London, with most sectors in the green. The UK's FTSE rose 0.2%, Germany's DAX was nearly flat, France's CAC 40 fell almost 0.2%, while Italy's FTSE MIB edged up just over 0.1%.
Market sentiment this week could still be influenced by geopolitics, particularly US-Canada tensions. Canadian Prime Minister Mark Carney reiterated his country's intention to pursue a free trade agreement with China, after Donald Trump threatened 100% tariffs if Canada signs a deal with Beijing. Carney also emphasized Canada's commitment under the CUSMA (United States of America) not to make deals with "non-market economies" without prior notice.
Investors are also bracing for a busy week. More than 90 companies in the S&P 500 are set to release earnings, including Apple, MetaTrader, and Microsoft. Earnings season has been strong so far—76% of companies that have reported have exceeded expectations. The next focus is the Fed's decision on Wednesday: interest rates are expected to remain unchanged, but the market will be looking for signals about when rate cuts could begin. (az)
Source: Newsmaker.id
