European stock markets pushed higher Monday helped by gains from the oil majors as crude prices soared, while hopes for a global recovery from the Covid-19 pandemic also supported financial stocks.. At 3:55 AM ET (0855 GMT), the DAX in Germany traded 0.9% higher, the CAC 40 in France rose 0.7% and the U.K.'s FTSE index climbed 0.6%. The heavily-weighted oil majors helped push the overall markets higher, with BP (NYSE:BP), Royal Dutch Shell (LON:RDSa) and Total all posting stock gains of over 1%.
It’s a relatively quiet start to the week. German industrial production figures will be in focus. Ahead of the open, trade data from the weekend and chatter from China will set the tone.
While economic data is on the lighter side in the week ahead, there’s plenty for the markets to consider. The BoC and the ECB are also in action in the week ahead.