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- European markets seen higher as Brexit talks take center stage
European markets seen higher as Brexit talks take center stage
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Loading...The London FTSE 100 index is called to open 49 points higher at 7,512, the German DAX up 37 points at 12,789 and the French CAC up 15 points at 5,278, according to IG.
Investors in Europe will be keeping a close eye on the political sphere in the region on Monday, as U.K. Brexit Secretary David Davis goes to Brussels to begin negotiations.
The meeting – which is expected to see a structure for the negotiations be laid out along with an opportunity to build trust – marks almost one year since the U.K. voted to leave the European Union.
The discussions also come less than two weeks after Theresa May and her Conservative Party lost their overall majority in parliament, adding more uncertainty to the current state of British politics. Investors will be paying close attention to the pound during this week, to see how it reacts to any key news.
Major airline and defense stocks will be in focus on Monday, as leading plane giants head to the International Paris Air Show in France, to hunt out multimillion or even multibillion-dollar deals.
Markets in Asia were posting solid gains ahead of Europe's opening bell, with markets paying a close eye on news out of Europe, including the Brexit talks and the attack in London.
In oil, crude futures were under slight pressure in early morning trade, as concerns over a steady rise in U.S. production added fears over a glut in the market.
Source: Bloomberg Pro Terminal
Junior Trader Stefan Panteleev
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