This week, the focus in European markets will be on U.S. inflation data, which is expected to cause a rally at the open.
European stocks are predicted to surge at the beginning of the upcoming trading week, while global markets will closely monitor U.S. inflation figures on Wednesday.
According to IG's data, the U.K.'s index has opened 40 points higher at 8,209, Germany's index has increased by 114 points at 17,181, France's index has risen by 34 points at 7,301, and Italy's index has surged by 119 points at 32,000.
European markets are expected to mimic the performance of their Asian-Pacific counterparts, where markets rose overnight. The surge in stock prices follows the global market volatility last week, which saw significant declines followed by a sudden recovery.
Investors awaited key inflation data, which caused U.S. stock futures to be lower. Despite this, major Wall Street averages rose Friday and made a sharp recovery from last week's market rout.
This week, investors are hoping to gain a clearer understanding of the economy's condition following recent concerns about a job market slowdown that caused traders to panic and negatively impact the market.
The U.S. producer price index report for July will be released on Tuesday, followed by the consumer price index data on Wednesday. Investors will be looking for indications that price growth is stabilizing.
On Monday, Hannover Re is the source of earnings in Europe. There are no significant data releases.
Markets
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