LONDON — European stocks are expected to rally at the start of the new trading week, with global markets keeping a close eye on U.S. inflation data out Wednesday.
The U.K.'s FTSE index is seen opening 40 points higher at 8,209, Germany's DAX up 114 points at 17,181, France's CAC 40 up 34 points at 7,301 and Italy's FTSE MIB up 119 points at 32,000, according to data from IG.
European markets are set to follow in the footsteps of their counterparts in Asia-Pacific, where markets were mostly higher overnight. The rally comes after global stock markets see-sawed last week with steep sell-offs followed by a sharp rebound.
U.S. stock futures were lower as investors awaited key inflation data due later this week. Major Wall Street averages rose Friday, with the indexes making a sharp recovery from last week's market rout.
Subscribe our newsletter to stay updated
Thank you for subscribing!
Subscribe our newsletter to stay updated
Thank you for subscribing!
