Investing.com – European stocks advanced on Monday, as shares in the financial sector lifted markets, while U.S. futures indexes pointed to a higher open on Wall Street.
During European morning trade, the EURO STOXX 50 was up 0.14%; France’s CAC 40 rose 0.12%; while Germany's DAX gained 0.21%.
Shares in the financial sector were higher ahead of this week’s much anticipated meeting of the U.S. Federal Open Market Committee, which was expected to unveil fresh monetary easing.
Shares in English lender Barclays rose 1.02%, shares in financial service provider AXA gained 1.07%, while the Royal Bank of Scotland saw shares soar 1.77%.
Meanwhile, shares in German automaker BMW soared 2.21%, while rivals Daimler gained 1.50% after a report from an industry group said German automobile exports could rise by approximately 21% this year, citing rising demand in China and the U.S.
In London, the commodity-heavy FTSE 100 was up 0.82% with shares in the commodity sector leading gains after official Chinese data showed that manufacturing output rose unexpectedly in October, rising to the highest level in six months.
Shares in the world’s fourth largest copper producer Xstrata soared 1.88%, mining giants BHP Billiton rose 1.01%, while rivals Rio Tinto saw shares gain 1.11%.
The outlook for U.S. equity markets, meanwhile, was upbeat ahead of earnings reports from Loews Corporation and oil and gas firm Baker Hughes.
The Dow Jones Industrial Average futures indicated a gain of 0.54%, S&P 500 futures pointed to an increase of 0.72% and Nasdaq 100 futures indicated a rise of 0.56%.
Later in the day, the U.S. was to release official data on personal income and spending as well as industry data on manufacturing growth.
During European morning trade, the EURO STOXX 50 was up 0.14%; France’s CAC 40 rose 0.12%; while Germany's DAX gained 0.21%.
Shares in the financial sector were higher ahead of this week’s much anticipated meeting of the U.S. Federal Open Market Committee, which was expected to unveil fresh monetary easing.
Shares in English lender Barclays rose 1.02%, shares in financial service provider AXA gained 1.07%, while the Royal Bank of Scotland saw shares soar 1.77%.
Meanwhile, shares in German automaker BMW soared 2.21%, while rivals Daimler gained 1.50% after a report from an industry group said German automobile exports could rise by approximately 21% this year, citing rising demand in China and the U.S.
In London, the commodity-heavy FTSE 100 was up 0.82% with shares in the commodity sector leading gains after official Chinese data showed that manufacturing output rose unexpectedly in October, rising to the highest level in six months.
Shares in the world’s fourth largest copper producer Xstrata soared 1.88%, mining giants BHP Billiton rose 1.01%, while rivals Rio Tinto saw shares gain 1.11%.
The outlook for U.S. equity markets, meanwhile, was upbeat ahead of earnings reports from Loews Corporation and oil and gas firm Baker Hughes.
The Dow Jones Industrial Average futures indicated a gain of 0.54%, S&P 500 futures pointed to an increase of 0.72% and Nasdaq 100 futures indicated a rise of 0.56%.
Later in the day, the U.S. was to release official data on personal income and spending as well as industry data on manufacturing growth.