European markets were mixed at the start of the new trading week, following positive momentum seen last week.
The Stoxx 600 index was 0.02% higher at 8:15 a.m. London time. Mining stocks were up 0.88% as technology stocks fell 0.36%.
Global markets got a boost last week after U.S. inflation data came in softer than expected for April, bolstering hopes that the U.S. Federal Reserve could begin cutting rates later in the year.
Among individual stocks, Swiss luxury goods group Richemont led gains, up 5.3%. That extended Friday’s strong gains on its reporting of record sales and announcement of a new CEO.
U.S. stock futures ticked higher on Sunday night, after the Dow Jones Industrial Average closed above the key 40,000 level for the first time ever on Friday.
Meanwhile, Asia-Pacific markets mostly rose overnight, tracking Wall Street gains, as investors await economic data from across the region this week, including Japanese inflation and business activity figures.