European stocks edge higher; Ryanair reports rise in profits

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European stocks edge higher; Ryanair reports rise in profits

🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Investing.com - European stock markets rose Monday, starting the new week on a positive note amid growing hopes of monetary policy easing globally in the near future.The main European indices have started with small gains Monday, trading near record levels, at the start of a week that includes the release of the latest regional economic activity data.

In the corporate sector, the earnings season is gradually drawing to an end, but there are a few late reporters, including Ryanair (IR: That said, Ryanair said it was only "cautiously optimistic" that fares in the peak of the summer would be "flat to modestly ahead" of last year, and it decided against giving profit forecasts for the current year, saying that was "heavily dependent" upon avoiding adverse events such as the wars in Ukraine and the Middle East, extensive air traffic control disruptions or further Boeing delivery delays.

 

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