European markets saw a positive start to the new trading week after recent global market uncertainty and volatility.
The pan-European Stoxx 600 moved 0.2% higher shortly after Monday’s opening bell, with most sectors and all major bourses in positive territory. Germany’s Dax and the French CAC 40 were both up by around 0.4%.
Regional markets closed in negative territory last Friday, rounding off a volatile week marked by whipsawing policy on U.S. tariffs, the latest rate cut from the European Central Bank and key U.S. jobs data which showed nonfarm payrolls rose by a less-than-expected 151,000 in February.
Asia-Pacific markets were mixed overnight as traders looked ahead to the new trading week with investors keeping a watch on steel manufacturers ahead of U.S. 25% tariffs on steel and aluminum imports, which will kick off this Wednesday.
U.S. stock futures moved lower on Sunday evening ahead of a busy week of economic data, with the February consumer price index slated for Wednesday, followed by the producer price index on Thursday.
There will be more geopolitical action this week at a meeting between U.S officials and their Ukrainian counterparts in Saudi Arabia this week. The U.S. said the meeting, which is taking place in Jeddah on Tuesday, will allow it to gauge whether Ukraine is willing to make meaningful concessions in order to reach a peace deal with Russia to end the war.
