European stocks opened higher at the start of this week. The Stoxx 600 Index rose around 0.38%, with nearly all sectors and major exchanges trading in the green. The UK's FTSE, Germany's DAX, France's CAC 40, and Italy's FTSE MIB each also rallied at the opening. This increase occurred amid market focus on a series of European central bank decisions in the coming days.
This week is a crucial moment for the ECB, Bank of England, Riksbank, and Norges Bank, which will hold their final policy meetings of 2025. The ECB is expected to hold interest rates at 2%, while President Christine Lagarde has signaled that growth projections could be raised again. In the UK, the Bank of England is expected to cut interest rates, with eurozone and UK inflation data due on Wednesday shaping market expectations.
Beyond monetary factors, Europe's political resilience is also being tested. EU leaders will discuss new funding for Ukraine, including the use of frozen Russian assets to guarantee a 210 billion euro loan. In the US, market players are also preparing for important data such as non-farm payrolls and pending retail sales, as well as CPI inflation, which will be released Thursday. The combination of central bank decisions and major data from the US and Europe has the potential to quickly shift market sentiment. (az)
Source: Newsmaker.id
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