Europe markets rally to start the week on a positive note auto supplier Continental up 7%
European stocks were higher on Monday, starting the week on a positive footing after Donald Trump’s election victory and interest rate cuts from major central banks.
The pan-European Stoxx 600 index traded up 0.8% at around 8:10 a.m. London time, with major bourses and most sectors in positive territory. Industrials stocks led the gains, up 1.3%, while mining stocks dipped 0.2%.
There are no major data releases in Europe scheduled for Monday.
U.S. stock futures were slightly higher after a strong rally last week; the U.S. stock market climbed to another round of records on Friday, as the Dow and S&P 500 wrapped up their best week in a year after Donald Trump’s election win.
U.S. stocks also got a boost from the Federal Reserve after it lowered interest rates by a quarter percentage point last Thursday. Global investors will be awaiting the latest U.S. inflation readings due later in the week.
Asia-Pacific markets fell on Monday after China’s latest stimulus measures underwhelmed and its October inflation numbers came in lower than expected. (Cay)
Soyrce: CNBC
