European stocks started the week in positive territory, with the STOXX 50 up 0.6% and the STOXX 600 rising 0.3% to reach three-week highs, as traders brace for a busy week of central bank monetary policy decisions.
The Federal Reserve is widely expected to resume interest rate cuts, with a 25 bps reduction fully priced in. Investors will also be watching policy updates from the Bank of England, the Bank of Japan, and the Bank of Canada.
Meanwhile, attention remains on France after Fitch downgraded the country's credit rating last Friday, citing rising government debt, growing political polarization, and concerns over the fiscal outlook.
The banking sector led gains, with Rubis soaring more than 7% following reports of takeover interest from CVC Capital Partners and Trafigura. Other lenders also advanced, including Banco Santander (+0.9%), UniCredit (+1%), Intesa Sanpaolo (+1.2%), and BNP Paribas (+1.1%). Among blue chips, LVMH (+1.2%) and ASML Holding (+1.3%) also posted solid gains.
Source: Trading Economics
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