European markets open higher as rebound continues; U.S., UK inflation in focus this week

European markets open higher as rebound continues; U.S., UK inflation in focus this week


The London skyline.

Andrea Pucci | Moment Open | Getty Images

LONDON — European stocks kicked off the new trading week higher, with U.S. and U.K. inflation data set to dominate focus this week.

The pan-European Stoxx 600 index nudged 0.3% higher at Monday’s open as investors hunt for signs that last week’s market rout is finished. Financial services and insurance led gains, both up by around 0.6%.

European stocks followed their counterparts in Asia-Pacific higher, continuing to shake off recent volatility. Global stock markets see-sawed last week with steep sell-offs followed by a sharp rebound.

The Stoxx 600 index ended up with a weekly gain of 0.27%, rebounding from a 2.9% decline the week before.

U.S. stock futures were little-changed Monday as investors await key inflation data, with the core producer price index Tuesday followed by July’s consumer price index Wednesday.

Major Wall Street averages rose Friday, with the indexes making a sharp recovery from a downturn.

Investors this week are hoping to get a better sense of the state of the U.S. economy after recent fears of a job market slowdown spooked traders and rocked the market.

U.K. inflation data is due on Wednesday, the first print since the Bank of England cut interest rates by 25 basis points.

Stock picks and investing trends from CNBC Pro:



Source

From albums to stadiums: K-pop companies look for higher revenue in live concerts
World

From albums to stadiums: K-pop companies look for higher revenue in live concerts

When Blackpink kicks off their “Deadline” world tour in Goyang , South Korea, this weekend, they’ll be aiming to top the record-breaking run of their previous tour, which grossed over $330 million and was reportedly the highest-earning in history by a girl group. Projections from Daishin Securities show that the new tour by the four-member […]

Read More
Hong Kong’s IPO market is on fire — here’s what’s fueling the surge
World

Hong Kong’s IPO market is on fire — here’s what’s fueling the surge

Robin Zeng, founder and chairman of Contemporary Amperex Technology Co. Ltd. (CATL), third right, strikes a gong as Paul Chan, Hong Kong’s financial secretary, second right, and Bonnie Chan, chief executive officer of Hong Kong Exchanges & Clearing Ltd. (HKEX), right, applaud during the CATL listing ceremony at the Hong Kong Stock Exchange in Hong […]

Read More
CNBC Daily Open: Wall Street disregards job losses to focus on cheaper shoes from Vietnam
World

CNBC Daily Open: Wall Street disregards job losses to focus on cheaper shoes from Vietnam

White Nike sneakers on June 26, 2025 in Paris, France. Edward Berthelot | Getty Images Entertainment | Getty Images If I had to choose between having a job and paying less for Nike shoes, you’d see me run barefoot to the office. Wednesday’s market moves, however, suggested that Wall Street preferred the cheaper shoes.   […]

Read More