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European stocks seen cautiously higher with U.S. stimulus talks, earnings season in focus

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European stocks are expected to edge higher Monday morning ahead of another big week for corporate earnings, while U.S. lawmakers attempt to hammer out a new coronavirus aid package.

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White House Chief of Staff Mark Meadows said Sunday that he was "not optimistic" that a deal over new economic stimulus measures could be reached imminently, as lawmakers continue to negotiate on Capitol Hill. U.S. Federal Reserve Neel Kashkari on Sunday suggested that Congress can afford to spend large sums on the fiscal relief effort, and advocated for a hard nationwide lockdown of four to six weeks in order to contain the virus.

 

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