It seems like the European markets had a rather subdued start to the week, with the Stoxx 600 closing slightly lower amid cautious sentiment ahead of the upcoming Federal Reserve meeting. While telecoms stocks experienced a decline, the autos sector managed to climb slightly.
Investors are eagerly awaiting the Federal Open Market Committee meeting, scheduled to begin on Tuesday, where the Fed is expected to maintain its benchmark interest rates within the range of 5.25% to 5.5%, according to a Reuters poll of economists.
Meanwhile, in Asia-Pacific markets, Japan’s Nikkei 225 index led gains, and China shares continued to rise following positive economic data indicating a strong start to the year for China’s economy.
In the U.S., stocks moved higher on Monday morning, buoyed by gains in Nvidia, while anticipation built ahead of a significant artificial intelligence conference.
European markets closed with slight losses, with the DAX in Germany remaining flat, and the FTSE 100 in the U.K. and the CAC 40 in France experiencing modest declines.
Generally, it appears that investors are treading cautiously as they await further developments, particularly regarding central bank policies and economic indicators.
