European stocks expect slightly higher opening in positive trade. European markets are set for a higher open on Monday, reflecting buoyant global sentiment overnight.
According to IG. U.K. markets, Germany’s DAX expected to open 4 points higher at 15,842, CAC 40 in France 3 points higher at 6,680 and Italy’s FTSE MIB up 21 points higher at 26,006.
A positive trade during the end of August reflects sentiment with U.S. stock futures stable in overnight trading on Sunday. Asia-Pacific shares also traded higher.
The U.S. stocks are expected to stay range-bound until the revelation of August’s jobs reports on Friday. However, according to economists, the U.S. probably added 750,000 jobs in August and the unemployment rate declined to 5.2%.
Last week, the S&P 500 and the Nasdaq Composite traded at all-time highs on Friday after Federal Reserve Chair Jerome Powell said tapering could start this year, though it won’t be in a hurry to raise interest rates thereafter.
Asia-Pacific markets also jumped as investors kept an eye on the release of Chinese food delivery giant Meituan’s earnings.
Other Chinese tech developments show that Beijing is ready reveal new guidelines that would prevent its internet firms from going public in the U.S. Germany and Spain will release preliminary inflation readings for August as well as the latest euro zone economic sentiment and business climate data.