European markets are expected to start the new trading week in positive territory Monday.
The U.K.’s FTSE 100 index is expected to open 14 points higher at 8,667, Germany’s DAX up 83 points at 22,966, France’s CAC 9 points higher at 8,057 and Italy’s FTSE MIB 171 points higher at 38,391, according to data from IG.
Traders will be keeping an eye on preliminary purchasing managers’ index data from the U.K., France, Germany and the euro zone to get a gauge of business activity in the region’s manufacturing and services sectors.
Overnight, Asia-Pacific markets were trading mostly higher Monday, but investors in the region are looking ahead to U.S. President Donald Trump’s April 2 tariff deadline.
Meanwhile, U.S. stock futures were higher, signaling that equities could extend their recent gains.
Last Friday, the three major U.S. averages closed higher, having rallied after Trump told reporters that there could potentially be “flexibility” for his reciprocal tariff plan. The president did stop short of suggesting that there could be some tariff exemptions, however, as he did similarly for automakers earlier in March.
On Sunday, the Wall Street Journal reported the tariffs are expected to be narrower in scope and will likely exclude some industry-specific duties, citing an administration official.
— CNBC’s Brian Evans contributed to this report.
