European markets close higher ahead of busy earnings week
European stocks traded in positive territory on Monday ahead of earnings from ASML, Volvo, LVMH and Deutsche Bank.
TL;DR
- The pan-European Stoxx 600 index closed 0.24% higher.
- ASML, Volvo, LVMH, and Deutsche Bank are among the companies set to release earnings.
- Canadian Prime Minister Mark Carney stated Canada will not pursue a free trade agreement with China.
- Danone shares fell after a global recall of infant formula due to toxin traces.
- Ryanair increased its full-year fare growth forecast.
- Airbus shares declined amid geopolitical challenges.
- Gold prices reached new all-time highs, with spot prices advancing 2.23% to $5,090.
- U.S. stocks rose in anticipation of earnings reports and a Federal Reserve policy meeting.
- More than 90 S&P 500 companies, including Apple, Meta, and Microsoft, are reporting earnings this week.
- The Federal Reserve is expected to keep interest rates unchanged but traders will look for clues on rate cuts.