European Markets Open with Optimism

Despite the looming concerns over new US tariffs on aluminum and steel, European stocks kicked off the week on a positive note. This resilience highlights the market's ability to navigate through geopolitical tensions and economic uncertainties.

Key Economic Reports and Corporate Earnings in Focus

Investors are closely watching the upcoming economic reports, including German inflation and UK GDP figures set to be released on Thursday, followed by European quarterly growth data on Friday. Additionally, corporate earnings are under the spotlight as they could provide further direction for the markets.

Market Movements

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

Currency Movements

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