European stocks turned positive on Monday morning, with investors looking forward to fresh economic data and interest rate decisions from the region. By 10:51 a.m. London time, the Stoxx 600 index had risen by 0.36%, with all major bourses and most sectors trading positively. Notably, autos saw a significant increase of 1.56%, while retail stocks experienced a slight decline of 0.55%.
The previous week was marked by volatile trading in European markets as investors evaluated various central bank decisions and data releases. This included a rate cut by Switzerland’s central bank and the Bank of England’s decision to maintain its interest rates.
In the coming week, monetary policy decisions are expected from the central banks of Sweden and Turkey. Additionally, investors will be keenly watching the release of gross domestic product data from Spain on Tuesday and from Italy on Friday.
Overnight, markets in the Asia-Pacific region mostly fell as investors awaited inflation data from Australia and Japan due later this week. Meanwhile, U.S. stock futures remained flat in overnight trading on Sunday, as the market prepares to close out June and the first half of 2024 near record highs.
Fidelity European Trust PLC (LON:FEV) aims to be the cornerstone long-term investment of choice for those seeking European exposure across market cycles.
