European markets set to start the week in mixed territory

Soegeefx AppsEU MarketEuropean markets set to start the week in mixed territory



LONDON — European stocks are expected to start the new trading week in mixed territory.

The U.K.’s FTSE index is seen opening 23 points lower at 8,213, Germany’s DAX down 17 points at 18,160, France’s CAC 40 down 32 points at 7,602 and Italy’s FTSE MIB 69 points higher at 33,511, according to IG.

European markets experienced a choppy week of trade last week as investors assessed a number of central bank decisions and data releases, including a rate cut by Switzerland’s central bank and a hold on interest rates by the Bank of England.

Monetary policy decisions come from Sweden and Turkey’s central banks this coming week while data releases to look out for include gross domestic product data from Spain on Tuesday and Italy on Friday.

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Overnight, Asia-Pacific markets mostly fell as investors awaited inflation data from Australia and Japan later this week. U.S. stock futures were flat in overnight trading Sunday as the market is set to enter the last week of June and 2024′s first half near record highs.

Source : cnbc

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