European markets open to close, data, earnings
LONDON – European stocks are expected to open positively on Monday while a quieter day is expected for global markets due to the July 4 holiday in the United States.
UK FTSE The index is seen opening 44 points higher at 7,200, in Germany DAX 65 points higher at 12,865, of France CAC 40 up 37 points at 5,958 and in Italy FTSE MIB 34 points higher at 21,281, according to data from IG.
Global markets are stabilizing with trading in the second half of the year after the first half – dominated by concerns about inflation, the war in Ukraine and the possibility of a global recession – ended last week.
There are signs that Asian markets are struggling to find direction. Overnight, Hong Kong stocks fell as Asia-Pacific markets mixed on Monday ahead of decisions by the central banks of Australia and Malaysia this week.
With the US markets closed for the 4th of July holiday on Monday, trading volumes are expected to be much thinner. Last Friday, US stocks rose at the start of the new quarter after the S&P 500 ended its worst first half in decades.
There are no major earnings or data releases in Europe on Monday other than the latest Spain producer price index data for May.