European stocks are trading slightly higher, reflecting positive trade across global markets.
The pan-European Stoxx 600 index was up 0.1% on Monday (August 30), with most sectors in positive territory. A positive start to the trading week in the final days of August reflects positive sentiment elsewhere, with U.S. stock futures steady in overnight trading and shares also higher in Asia-Pacific.
Last week, the S&P 500 and the NASDAQ Composite stock indexes closed at all-time highs as investors breathed a sigh of relief after Federal Reserve Chair Jerome Powell signaled bond tapering could start this year, but the central bank is in no rush to raise interest rates.
In Asia-Pacific, stocks have risen as investors looked ahead to the release of Chinese food delivery giant Meituan’s earnings. In other Chinese technology developments, Beijing is reportedly looking at new rules that would restrict domestic internet firms from going public in the U.S.
There are no major European earnings releases planned for Monday but data releases in the region include preliminary inflation readings from Germany and Spain for August and the latest Euro zone economic sentiment and business climate data.
