Stocks in Europe started the week in positive territory, with the STOXX 50 up 0.6% and the STOXX 600 advancing 0.3%. Equities continued to benefit from expectations that the Fed will cut interest rates this month, while investors kept a close watch on political developments in France.
Prime Minister François Bayrou is widely expected to lose a confidence vote today, a result that would deepen political uncertainty in the country.
Meanwhile, the ECB meets this week to set monetary policy. While no change in interest rates is anticipated, traders will scrutinize the meeting for any guidance on the bank's outlook for the rest of the year. On the corporate front, ASML shares rose more than 1% after reports that the company is set to become the largest shareholder in French artificial intelligence startup Mistral AI—part of an effort to bolster European tech sovereignty. SAP (up 0.8%) and Siemens also posted gains.
Source: Trading Economics
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