European Stocks Head for Higher Open As Sentiment Remains Cautious
European markets are heading for a higher open to kick off the new trading week, as investors continue to monitor corporate earnings and the interest rate outlook.
After a strong end to January, the pan-European Stoxx 600 index has recorded a muted February so far, dipping 0.17% to date.
EUROPEAN MARKETS
TICKER | COMPANY | PRICE | CHANGE | %CHANGE |
|---|---|---|---|---|
.FTSE | FTSE 100 | 7572.58 | -22.9 | -0.3 |
.GDAXI | DAX | 16926.5 | 0 | 0 |
.FCHI | CAC 40 Index | 7647.52 | 0 | 0 |
.FTMIB | FTSE MIB | 31156.06 | 91.91 | 0.3 |
.IBEX | IBEX 35 Idx | 9896.6 | 0 | 0 |
That’s despite big movements in individual stocks, as company results roll in. This week will see reporting from European businesses, including Heineken, Airbus, Renault, Natwest and Commerzbank — along with the likes of Sony, Coca-Cola and Airbnb, globally.
Investors may pay particular attention to consumer stocks and what they suggest about the strength of certain economies, as central banks monitor the state of growth and inflation.
Many major Asia-Pacific stock markets were closed on Monday for the Lunar New Year, while Chinese markets are shut for the week.
U.S. stock futures were nearly flat overnight, after the S&P 500 hit a record high last week.
The U.S. consumer price index will be released Tuesday.