European stocks saw gains early on Monday, with the pan-European Stoxx 600 index rising by about 0.7%. This upturn marked a positive start to a week filled with new economic data as investors considered the possible market impact of Donald Trump’s presidency. By mid-morning in London, the Stoxx 600 index showed a notable 1.2% increase, with all major sectors and bourses in positive territory. Leading the pack were construction and materials stocks, which rose by over 2%.
Last Friday, the benchmark index recorded its third consecutive weekly loss, reflecting market participants’ concerns over potential tariffs under the upcoming Trump administration. This week, investors are expected to focus on upcoming economic reports, including inflation figures from Germany and the United States, as well as the U.K.’s GDP data.
In the U.S., stock futures showed minor gains on Monday following a strong performance last week. The U.S. stock market achieved new record highs on Friday, with the Dow and S&P 500 posting their best week in a year in the wake of Trump’s election victory. This momentum was further supported by the Federal Reserve’s recent decision to cut interest rates by a quarter point, with global markets now waiting for the upcoming U.S. inflation report.
In Asia, markets faced a decline on Monday as China’s recent stimulus measures fell short of expectations, and the country’s October inflation numbers came in lower than analysts had forecast.
JPMorgan European Discovery Trust plc (LON:JEDT) is an investment trust company. The Investment Trust JEDT objective is to achieve capital growth from a portfolio of quoted smaller companies in Europe, excluding the United Kingdom.
