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Business

European stocks open for closing, news data and earnings




European stocks are expected to open higher on Monday, following a positive trend set late last week and overnight in Asia-Pacific markets.

Global markets are bracing for the latest reading on US inflation, with the August data set to be released on Tuesday.

The report is one of the last data on inflation the US central bank will see before its September meeting, where the central bank is expected to deliver its third consecutive rate hike of 0.75 percentage points in an effort to combat high inflation.

Fed Chair Jerome Powell reiterated last week that he is “strongly committed”[ads1]; to bringing down inflation.

US stock futures were flat on Sunday night, while Asia-Pacific shares rose in overnight trade on improved risk sentiment. Markets in Mainland China, Hong Kong and South Korea are closed for a public holiday.



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