European markets opened higher Monday, extending last week's rally as investors look ahead to the European Central Bank's interest rate decision later this week.
European markets started the month higher Monday, extending last week's rally as investors look ahead to the European Central Bank's latest interest rate decision later this week.
The ECB is widely expected to cut interest rates for the first time since 2019 when policymakers meet on Thursday. Monday's session will see the release of Turkish inflation data, as well as manufacturing data out of Spain, France and Germany.European markets started the month higher Monday, extending last week's rally as investors look ahead to the European Central Bank's latest interest rate decision later this week.index 0.9% higher in opening deals, with all sectors and major bourses in the green. Tech stocks led gains, up 1.6%, while travel and leisure was also 1.5% higher.
The ECB is widely expected to cut interest rates for the first time since 2019 when policymakers meet on Thursday. The move would mark the first time the ECB has cut rates ahead of the U.S. Federal Reserve. However, investors will be watching closely to see how a slightlyMonday's session will see the release of Turkish inflation data, as well as manufacturing data out of Spain, France and Germany. There are no major corporate earnings due during the session.
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