LONDON — European stocks are expected to open in positive territory Tuesday, bouncing back from a lackluster start to September trading at the beginning of the week.
The U.K.’s FTSE index is expected to open 16 points higher at 8,372, Germany’s DAX up 28 points at 18,949, France’s CAC 40 up 7 points at 7,649 and Italy’s FTSE MIB 20 points higher at 34,395, according to data from IG.
Regional markets fell on Monday as the first trading day in September got underway and investors considered the outlook for interest rates and markets.
Expectations have risen that the U.S. Federal Reserve will begin interest rate cuts in September with the central bank’s next meeting set for Sept. 17-18.
U.S. markets were closed Monday for the Labor Day holiday, but stock futures were little changed Monday night as traders braced themselves for a potentially tough month ahead after a strong but volatile August. Investors will get their first major economic report of the month on Friday, when the U.S. government releases the August jobs report.
Asia-Pacific markets mostly climbed overnight as investors assess South Korea’s August inflation numbers, which eased to its lowest level on a year-on-year basis since March 2021.
Data releases in Europe Tuesday include the latest Spanish unemployment figures and U.K. retail sales data.