European Stocks Rise to Kick Off the Week
European stocks edged higher on Monday, with the STOXX 50 and STOXX 600 both gaining 0.3%, as investors braced for a busy week of key economic and policy announcements. Markets are awaiting interest rate decisions from the Federal Reserve and the European Central Bank, alongside inflation and GDP data from the eurozone’s largest economies and a fresh batch of corporate earnings. Meanwhile, Moody’s maintained France’s credit rating at Aa3 and its negative outlook on Friday, despite ongoing political unrest. The banking sector was among the top performers, with BNP Paribas rising 1.5% and UniCredit gaining 1.4%. Hermes also traded higher, advancing 2.2%.
European stocks edged higher on Monday, with the STOXX 50 and STOXX 600 both gaining 0.3%, as investors braced for a busy week of key economic and policy announcements. Markets are awaiting interest rate decisions from the Federal Reserve and the European Central Bank, alongside inflation and GDP data from the eurozone’s largest economies and a fresh batch of corporate earnings. Meanwhile, Moody’s maintained France’s credit rating at Aa3 and its negative outlook on Friday, despite ongoing political unrest. The banking sector was among the top performers, with BNP Paribas rising 1.5% and UniCredit gaining 1.4%.
Hermes also traded higher, advancing 2.2%.