- European stocks are expected to open higher on Monday on the first trading day of May; U.K. markets are closed for the May Day public holiday.
- Germany’s DAX is expected to open 43 points higher at 15,179, France’s CAC 40 is seen 13 points up at 6,280 and Italy’s FTSE MIB is seen gaining 37 points at 24,178, according to IG.
LONDON — European stocks are expected to open higher on Monday on the first trading day of May, with the U.K. closed for the May Day public holiday.
Buoyant trade in Europe follows a similarly positive trend elsewhere overnight with U.S. stock futures moving higher in overnight trading as investors readied for the first trading day of May.
Despite Friday’s weakness in equities, the S&P 500 notched its third straight month of gains in April, adding more than 5% to the index as investors bet on a big economic and profit recovery from the pandemic.