European markets are expected to open upwardly ahead of a significant week for central banks.

European markets are expected to open upwardly ahead of a significant week for central banks.
European markets are expected to open upwardly ahead of a significant week for central banks.

European stocks will open higher on Monday as investors anticipate significant interest rate decisions from the U.S Federal Reserve and the Bank of England this week.

According to IG data, Germany's DAX was seen opening 4 points higher at 8,278, France's CAC 7 points higher at 7,468, Italy's FTSE MIB up 30 points at 33,583, and the UK's FTSE 100 up 27 points at 18,713.

The Fed is expected to cut rates on Wednesday, and investors are eager to hear chair Jerome Powell's guidance on the future of monetary policy.

The Bank of England will make its latest monetary policy decision on Thursday, with markets uncertain about whether it will lower interest rates again.

by Karen Gilchrist

Markets