The new trading week in European markets is expected to begin with mixed sentiment.
After global markets rallied last week, European stocks are predicted to begin the new trading week in a mixed state.
According to IG's data, the U.K.'s index has opened 11 points lower at 8,299, Germany's index is down 13 points at 18,314, France's index is up 10 points at 7,454, and Italy's index is up 58 points at 33,195.
Last Friday, European markets ended the week on a positive note, contributing to a successful week for global stocks despite recent market fluctuations.
Last Friday, U.S. stocks experienced substantial growth, fueled by the positive jobless claims and retail sales data from the previous day. This development reassured investors that their concerns about a U.S. recession were unwarranted.
Overnight, U.S. stock futures inched higher in trading Sunday, while Asia-Pacific markets were mixed as investors awaited central bank releases and inflation data this week.
The Fed's upcoming speech by Chair Jerome Powell in Jackson Hole, Wyoming, on Friday is being closely watched by Wall Street for further guidance on rate cuts. Additionally, the minutes from the Fed's most recent meeting will be released on Wednesday.
No major earnings releases are scheduled for Monday, but there will be data releases, including Spain's latest balance of trade figures.
Markets
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