European stock markets are trading higher this Monday, with the exception of Paris, in a busy week that will be marked by the monetary policy decisions of the FED, the European Central Bank (ECB) and the Bank of England (BoE).
At 08:10 am in Lisbon, the Stoxx Europe 600 index was up 0.26% to 455.17 points, with London gaining 0.05%, Frankfurt up 0.11%, Madrid up 0.27% and Milan up 0.83%, with the exception of Paris which lost 0.49%.
After New York closed Friday up, with the Dow Jones gaining 0.08% to 33,978.08 points, the Standard & Poor’s up 0.25% to 4,070.50 points and the Nasdaq tech gaining 0.95% to 11,621.71 points, Asian stock markets closed mixed today on a busy start to the week as China returns to trading after the Lunar New Year.
Not only is the Federal Reserve expected to raise interest rates by 25 basis points mid-week, the European Central Bank and the Bank of England are respectively expected to raise benchmark interest rates by half a percentage point.
On the other hand, on Tuesday will be known the Gross Domestic Product (GDP) of the Eurozone and on Thursday will be known the results of Alphabet, Apple, Amazon, Qualcomm, Deutsche Bank and Santander.
In the forex area, the euro fell 0.1% to $1.0855, while the yield on 10-year US Treasury bonds was unchanged at 3.50%.
The price of West Texas Intermediate (WTI) crude oil, in turn, fell 0.9%, to $78.96 a barrel.