European Markets Open Higher Amid US Tariff Concerns

Despite looming concerns over new US tariffs on aluminum and steel, European stocks have shown remarkable resilience, opening higher on Monday. This positive momentum underscores the market's ability to navigate through geopolitical tensions and economic uncertainties.

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 the spotlight, offering further insights into the health of the European economy.

Market Movements

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

Currency Fluctuations

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