European markets were higher on Monday, driven by technology and automotive stocks, as investors assessed a media report suggesting U.S. President-elect Donald Trump’s tariff plan may not be as extreme as feared.
The Stoxx 600 had a mixed performance last week, though it ended 0.2% higher amid a rocky start to 2025 for stocks around the world. Mixed sentiment could continue this week as traders look for more clues on where the global economy is headed and brace for the return of Donald Trump to the White House.
It’s a relatively quiet day for data and earnings in Europe, but readings on Spanish business activity and German inflation are due.
Overnight, Asia-Pacific markets were mixed on Monday as investors assessed business activity data from China and Hong Kong.
Meanwhile, U.S. equity futures were little changed as investors looked ahead to the December jobs report on Friday; the data will be one of the last key pieces of data before the Federal Reserve’s meeting at the end of the month.
Investors stateside will also watching the Job Openings and Labor Turnover Survey Tuesday and December ADP Employment Survey Wednesday.
The U.S. trading week will be shorter this week, with the New York Stock Exchange closed Thursday to mark the death of former President Jimmy Carter.
— CNBC’s Tanaya Macheel contributed to this market summary
