European stocks set for higher open on softer US data
European equity index futures indicate a higher start, with Euro Stoxx 50 and Stoxx 600 both up around 0.3% as softer US data reduces expectations of an imminent Fed hike.
European equity markets were headed for a higher open on Monday as soft US economic data reduced expectations for an imminent Federal Reserve interest rate hike, supporting global risk sentiment.
Investors also looked past heightened tensions in the Middle East as Israel launched fresh strikes on Lebanon, while President Donald Trump prepared new sanctions against Iran.
In Europe, there are no major economic or earnings releases scheduled for Monday, though investors will look ahead to the ECB’s latest Monetary Policy Meeting Accounts this week after it left key interest rates unchanged in July.
Other key economic reports due this week include the Eurozone and German ZEW economic surveys, as well as PMI readings from across the region.
In premarket trade, Euro Stoxx 50 and Stoxx 600 futures were both up around 0.3%.