The benchmark shed 4.6% and hit over one-year lows last week in a global sell-off that was fuelled by worries about aggressive interest rate hikes by the U.S. Federal Reserve and other major central banks sparking a recession."Friday's options expiry and the lack of big central bank decisions might help equity bulls to wrench back control this week, even if only for a short while," said Chris Beauchamp, chief market analyst at online trading platform IG.
European Central Bank Chief Christine Lagarde on Monday reaffirmed plans to raise interest rates twice this summer, while fighting widening spreads in the borrowing costs of different euro zone countries.
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