European Markets Kick Off the Week on a High Note

European stock markets opened with gains on Monday, as investors geared up for a packed week of corporate earnings releases with a heavy focus on the banking, automotive, and pharmaceutical sectors.

Key Economic Indicators to Watch

On the data front, the latest consumer confidence and GDP reports will dominate the scenery in the coming days, as well as several inflation figures for some of Europe's strongest economies.

Market Performance Highlights

The DAX rose 0.45% at the open, while the CAC 40 gained 0.39%. The Euro Stoxx 50 increased by 0.43%, and the FTSE 100 advanced 0.27%.

Currency Movements

The euro traded 0.16% lower against the dollar to go for 1.13457, while the pound sterling lost 0.11% against the greenback to sell for 1.32956 at 8:52 am CET concurrently.

More to come...