European stocks eked out modest gains on Monday as weaker-than-expected April U.S. jobs report released on Friday boosted the case for rate cuts by the third quarter.
Early cues from the U.S. Futures Index suggest that Wall Street might open higher. The U.S. economic calendar for this week is relatively quiet. In the Asian trading hours, oil prices rose about 1 percent as Saudi Arabia raised the price of its flagship crude.
European stocks may open on a buoyant note Friday as investors cheer Apple's strong earnings report. The manufacturer of the iPhone and other devices announced the largest ever share buyback in U.
European stocks inched higher on Friday after European Central Bank policymaker Yannis Stournaras said he sees three rate cuts in 2024. Stournaras reportedly said in an interview that three rate cuts in 2024 is the more likely scenario after considering recent growth and inflation data.
European stocks are seen opening mostly lower on Tuesday as investors seek direction from upcoming earnings, U.S. data releases and the FOMC meeting. Investors eagerly await the Federal Reserve's policy meeting on Wednesday for directional cues.