LONDON — European markets will move cautiously on Monday as investors continue to monitor corporate earnings and key economic data and assess the risk of a recession.
The British FTSE 100 is up about 19 points at 7,459, the German DAX is expected to gain about 54 points to 13,628 and the French CAC 40 is expected to add about 21 points to 6,493.
The pan-European Stoxx 600 index closed Friday’s session at around 0.8% after an unexpectedly strong US jobs report lowered expectations for a recession, in turn increasing the likelihood that the Federal Reserve will ease monetary policy. would tighten policy more aggressively to curb inflation.
Markets in Asia-Pacific were mixed overnight, with Hong Kong’s tech-heavy Hang Seng index putting pressure on the region.
US stock futures were just after the S&P 500 ended a third consecutive positive week, with investors turning their attention to a key inflation report on Wednesday.
On the data front in Europe, the Sentix economic sentiment index for the eurozone is expected Monday morning.
Corporate earnings continue to drive individual price movements in Europe, with Siemens Energy, Porsche and BioNTech among the companies reporting before the bell Monday.
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