European stock markets moved higher on Monday as investors prepared for a busy week of central bank announcements, economic releases and corporate earnings.
Germany’s DAX gained around 1.1%, France’s CAC 40 advanced 0.8% and the UK’s FTSE 100 rose 0.7%, supported by improving market sentiment and lower oil prices.
Investors are closely monitoring comments from European Central Bank officials for indications of the future interest rate outlook. US inflation figures due on Tuesday will also be important in shaping expectations around Federal Reserve policy.
Corporate developments provided additional support. UniCredit shares advanced after reporting stronger third-quarter profits and raising its full-year financial outlook. Pharmaceutical group Argenx also gained following news of a proposed acquisition worth up to $1.15bn.
Oil prices declined after comments from US President Donald Trump eased concerns about further military action against Iran, helping support wider market sentiment.
Attention will remain on economic growth figures, inflation data and company announcements throughout the week as investors assess the outlook for European equities.
JPMorgan European Discovery Trust plc is an investment trust company. The Investment Trust JEDT objective is to achieve capital growth from a portfolio of quoted smaller companies in Europe, excluding the United Kingdom.
