The FTSE 100 and European stocks opened slightly higher this Monday following a rally last week amid hopes that interest rates have peaked.
The FTSE 100 (^FTSE) made a subdued start, rising by only 0.10% to 7,425 points, while the CAC 40 (^FCHI) in Paris climbed 0.11% to 7,055 points. In Germany, the DAX (^GDAXI) advanced 0.04% to 15,197. The Stoxx 600 (STOXX) climbed 0.14% at the open after jumping more than 3% last week.
Across the pond, stocks closed higher on Friday as a cooling in jobs growth reinforced hopes that the Federal Reserve is done with its rate-hiking campaign.
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