stocks, news, data and earnings

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stocks, news, data and earnings

City of London skyline view looking over the River Thames and Waterloo Bridge at sunset on 10th February 2024 in London, ******* Kingdom.

Mike Kemp | In Pictures | Getty Images

********* markets were on track to rise as a new trading week kicks off Monday, with investors looking to shake off last week’s negative sentiment and attention turning to regional inflation data.

The U.K.’s FTSE 100 was last on track to start the day 15 points higher at 8,084, Germany’s DAX was set to add 56 points to 19,278 and the French CAC 40 was due to rise 23 points to around 7,299. Italy’s FTSE MIB was also on track to open higher, adding 158 points to 34,060.

Markets had closed lower on Friday, with the pan-********* Stoxx 600 recoding its fourth consecutive weekly decline.

Investors this week will be looking to several key regional data points, including the latest inflation data out of the U.K. on Wednesday. The figures come after Friday’s U.K. ****** domestic product reading, which came in at 0.1% in the third quarter, falling short of expectations.

A final reading of the euro zone consumer price index is also due this week. Meanwhile, a slew of purchasing managers’ index reports from across the region are slated for Friday.

Before then, several central bank policymakers, including ********* Central Bank President Christine Lagarde, are set to give remarks, which investors will be parsing through for hints about whether the ECB will announce another interest rate cut when it meets in December.

Overnight, Asia-Pacific stocks mostly rose to start the week, and U.S. stock futures were little changed. Attention stateside will this week turn to earnings from tech giant Nvidia, with investors especially looking for guidance about the company’s Blackwell AI chips.

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