(MENAFN– ecpulse)
European stocks gained early Monday after municipal elections in France and Turkey, while traders awaited the outcome of the European Central Bank (ECB)`s policy meeting later this week.
The major European benchmark are setting a positive tone with the start of the week. Traders will be all in focus for the euro-area inflation report due to be released at 10:00 a.m. in Lodnon. March`s reading will be critical for the ECB`s policy outlook as markets weigh the possibility of further monetary stimulus by the bank to shore up the economic recovery in the region.
As of the 03:09 a.m. ET, the Stoxx Europe 600 was up 0.59% at 335.72, with Health Care shares rising the most by nearly 0.93%.
- London`s FTSE 100 rose 0.39% to 4,428.50
- Paris`s CAC 40 rose 0.42% to 9,627.65
- Frankfurt`s DAX 30 rose 0.41% to 6,642.70
Although the main focus this week is all about the monthly policy meeting for the ECB on Thursday and US jobs report the following day, the flash estimate for eurozone inflation in March is expected to fall again to 0.6%, which might give policymakers more space to act and boost economic growth in the region via additional stimulus measures.
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