European Stocks Open Higher

On Monday, European stocks opened higher, demonstrating resilience in the face of concerns over new US tariffs on aluminum and steel. This positive movement highlights the market's ability to navigate through potential economic challenges.

Key Economic Reports and Corporate Earnings in Focus

This week, investors are keenly awaiting major economic reports, including German inflation and UK GDP figures on Thursday, followed by European quarterly growth data on Friday. Additionally, corporate earnings are under close scrutiny as they can significantly influence market directions.

Market Movements at a Glance

At 9:01 am CET, the DAX saw a 0.31% increase, with Fresenius Medical Care climbing by 0.81%. The CAC 40 added 0.17%, and Stellantis NV improved by 1.28%. Shortly after, the FTSE 100 rose by 0.13%, with Vistry Group leading the charge with a 1.14% increase. The pan-European Euro Stoxx 50 edged up 0.25% at 9:03 am CET, with Prosus leading the gains at a 1.61% increase.

Currency Movements

At 8:59 am CET, the euro experienced a slight decrease of 0.14% against the dollar, trading at $1.03135. Meanwhile, the pound remained stable at $1.24055.