Bourse

Home page

Bourse

European markets head for higher open as investors await central bank meetings

12 June 2023 09:25 (UTC +04:00)

European markets are expected to open higher Monday as investors prepare for a week of key central bank meetings in the U.S. and Europe, APA reports citing CNBC.

The U.K.’s FTSE 100 index is expected to open 34 points higher at 7,591, Germany’s DAX 56 points higher at 16,001, France’s CAC 26 points higher at 7,230 and Italy’s FTSE MIB 76 points higher at 27,259, according to data from IG.

And U.S stocks inched higher Friday to close out a listless week for Wall Street, though the S&P 500 rose 0.1%, to 4,298.86, capping its fourth straight winning week, according to Associated Press. The Dow Jones Industrial Average added 0.1% to 33,876.78, and the Nasdaq composite gained 0.2% to 13,259.14.

Tesla led the market, rallying 4.1% after announcing General Motors electric vehicles will be able to use much of its extensive charging network beginning early next year. GM rose 1.1%.