On Monday, European stock indexes opened higher, with investors focused on a series of central bank meetings and key economic data releases scheduled for this week.
At 0834 GMT, the MSCI World Equity Index had risen by 0.3%, still near its lowest since late March. Europe’s STOXX 600 increased by 0.7%, and London’s FTSE 100 was up 0.8%.
The Bank of Japan (BOJ) will hold a meeting on Tuesday, followed by the U.S. Federal Reserve on Wednesday and the Bank of England (BoE) on Thursday. Investors are also awaiting Chinese manufacturing data on Tuesday and U.S. jobs data on Friday.
These upcoming events are deemed crucial as they are expected to provide insights into whether central banks have managed to raise interest rates adequately to address the pressing issue of inflation and if there’s potential for a shift towards easing monetary policies in the near future.
In contrast, MSCI’s broadest index of Asia-Pacific shares outside Japan rose just 0.1%, having hit a one-year low last week. Japan’s Nikkei fell 0.95% amid speculation about possible changes in the BOJ’s yield curve control policy.
In the eurozone, government bond yields were lower, with the benchmark 10-year German yield down by 5 basis points at 2.787%. Meanwhile, yields on 10-year US Treasuries stood at 4.8602%, having climbed around 28 basis points this month.
The US dollar index was steady at around 106.650, while the euro was down by less than 0.1% at $1.0556.
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