European Markets Start New Trading Week On Positive Note, Trying To Shake Off Recent Volatility
European markets started the new trading week on a positive note after recent global market uncertainty and volatility.
The pan-European Stoxx 600 moved 0.2% higher shortly after the opening bell on Monday, with most sectors and all major bourses in positive territory. Germany’s Dax and France’s CAC 40 both rose around 0.4%.
Regional markets closed in negative territory on Friday, ending a volatile week marked by indecisive policy on US tariffs, the latest interest rate cut from the European Central Bank, and key US jobs data showing nonfarm payrolls rose less than expected by 151,000 in February.
Asia-Pacific markets were mixed overnight as traders looked ahead to the new trading week with investors keeping an eye on steelmakers ahead of the 25% US tariffs on steel and aluminium imports, set to kick in this Wednesday.
U.S. stock futures were lower Sunday evening ahead of a busy week of economic data, with the February consumer price index due Wednesday, followed by the producer price index on Thursday.
There will be more geopolitical action this week with a meeting between U.S. officials and their Ukrainian counterparts in Saudi Arabia this week. The U.S. says the meeting, which takes place in Jeddah on Tuesday, will allow it to gauge whether Ukraine is willing to make meaningful concessions to reach a peace deal with Russia to end the war.
Source: CNBC
