European stocks head for higher open with progress of U.S. stimulus package in focus

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European stocks are expected to open higher Monday, buoyed by positive U.S. sentiment due to the likely forthcoming approval of the Covid relief bill.

The expected gains for European markets come as Dow futures rose Sunday evening as a massive U.S. stimulus package headed toward final passage this week.

Futures contracts tied to the Dow Jones Industrial Average added 101 points, or 0.3%. Those for the S&P 500 were up 0.2%, while those for Nasdaq 100 slipped 0.3%, signaling that a recent underperformance by tech stocks may continue on Monday.$1.9 trillion economic relief and stimulus bill on Saturday

, paving the way for extensions to unemployment benefits, another round of stimulus checks and aid to state and local governments. The Democrat-controlled House will pass the bill later this week. President Joe Biden is expected to sign it into law before unemployment aid programs expire on March 14.

 

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