Flags for the European Union members basal during a ceremonial to laic a cornerstone for the caller European Central Bank (ECB) office successful Frankfurt, Germany.
Hannelore Foerster | Bloomberg | Getty Images
LONDON — European stocks are expected to unfastened higher astatine the commencement of a engaged week for Europe's cardinal banks.
The U.K.'s FTSE scale was past seen opening 0.36% higher, Germany's DAX up 0.42%, France's CAC 40 0.33% higher and Italy's FTSE MIB up 0.62%, according to information from IG.
It's a bust week for investors successful Europe with the European Central Bank's last argumentation gathering of the twelvemonth connected Thursday, erstwhile the slope is expected to support rates astatine 2%.
Speaking to the Financial Times, ECB President Christine Lagarde said the cardinal slope was apt to assistance its maturation forecasts again successful December, aft raising its prediction for yearly GDP maturation to 1.2% backmost successful September.
Other cardinal banks, including the Bank of England, Riksbank and Norges Bank, volition besides clasp their past monetary argumentation decisions for 2025 this week. It could beryllium a adjacent call, but the BOE is expected to trim involvement rates. Eurozone and U.K. ostentation figures are besides retired connected Wednesday.
European leaders' mettle volition besides beryllium tested this week arsenic they code backing for Ukraine astatine a acme successful Brussels connected Thursday, including the imaginable usage of billions of frozen Russian assets to underpin a 210-billion-euro indebtedness ($246 billion) to Kyiv.
Overnight stateside, stock futures were small changed connected Sunday night pursuing a mixed week connected Wall Street amid a large rotation retired of tech and into parts of the marketplace trading astatine little valuations.
Traders besides braced for a slew of U.S. economical information reports up this week, including November nonfarm payrolls figures and October retail income figures released connected Tuesday. The reports were delayed owed to the U.S. authorities shutdown that took spot successful the fall. The November user terms scale is owed retired connected Thursday.
Asia-Pacific markets fell Monday, aft the declines connected Wall Street past week dented sentiment.
— CNBC's Leonie Kidd and Fred Imbert contributed to this marketplace report.
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