European stocks poised for positive start as US jobs data boosts market sentiment

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European Stocks,US Jobs Report,Market Sentiment

European stocks are expected to open higher on Monday, fueled by gains in Asian markets and last week's strong performance on Wall Street. The latest U.S. jobs report, which exceeded expectations, is providing further support to the idea that the Federal Reserve may continue raising interest rates.

A stock trader looks at his monitors in the trading room of the Frankfurt Stock Exchange. Worries about a new coronavirus mutation in southern Africa have dealt a major blow to the German stock market.LONDON — European stocks are expected to start the new trading week on a positive note, buoyed by gains in Asia overnight and last Friday's rally on Wall Street.

rising almost 2% as investors look ahead to a week of central bank decisions from around the region, including from the Bank of Korea, the Reserve Bank of New Zealand and the Reserve Bank of India. U.S. stock futures were calm on Sunday evening as Wall Street looks to keep the momentum from Friday's rally following a stronger-than-expected jobs report on Friday that gave more support to the idea that the Federal Reserve may pull off a "

On the data front in Europe Monday, the U.K.'s Halifax House Price Index will be released and European retail sales data is due.

 

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