European markets are poised to open higher Monday as investors look ahead to the European Central Bank's latest interest rate decision later this week.
European markets are poised to start the month higher Monday as investors look ahead to the European Central Bank's latest interest rate decision later this week.
The U.K.'s FTSE 100 was last seen 63 points higher at 8,340, according to IG data, while Germany's DAX was up 173 points at 18,652. France's CAC was 62 points higher at 8,041and Italy's MIB was up 359 points at 34,893. 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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