European markets are expected to start the new trading week in negative territory on Monday, with investors in the region gearing up for a busy period of earnings and the European Central Bank’s latest interest rate decision.
The U.K.’s FTSE 100 index is expected to open 7 points lower at 8,488, Germany’s DAX down 68 points at 21,320, France’s CAC down 36 points at 7,893 and Italy’s FTSE MIB down 173 points at 36,242, according to data from IG.
Earnings this week include LVMH, Shell, ASML, Roche, Deutsche Bank and Nokia.
On Thursday, the euro zone and core European economies France and Germany report their latest growth data, and the European Central Bank along with the U.S. Federal Reserve will be closely watched as they announce their latest monetary policy decisions.
Overnight in the Asia-Pacific region, Japan and Hong Kong markets traded mostly higher as investors assessed China’s manufacturing and industrial profit data.
U.S. stock futures fell early Monday as investors look ahead to a major earnings week, with four out of seven companies in the “Magnificent Seven'” set to post quarterly earnings: Meta Platforms, Microsoft and Tesla each report on Wednesday, and Apple will release results on Thursday.