European Markets Edge Higher as Focus Shifts to Earnings and Data

European stock markets are set for a cautiously optimistic start to the trading week, with investors keenly awaiting a slew of earnings reports and economic indicators from across Europe and the US. Today's spotlight falls on Spanish retail sales figures, a key indicator of consumer confidence and spending.

Market Movements: At 8:00 am CET, the DAX showed a modest increase of 0.24%, while the CAC 40 edged up by 0.14%. The Euro Stoxx 50 and the FTSE 100, however, remained unchanged, reflecting a mixed sentiment among investors.

Currency Watch: The euro and the pound held steady against the dollar, trading at $1.13737 and $1.33142 respectively at 7:59 am CET, indicating a wait-and-see approach among traders.