European Stocks Rise After Selloff
European stock markets opened positively this week, with the Euro Stoxx 50 up 0.6% and the broader Stoxx 600 up 0.2%. This rebound follows a sharp selloff last week, when both indexes fell more than 3% amid concerns about the resilience of the US economy, fueled by unexpectedly weak employment data and renewed global growth concerns after President Trump announced new tariffs.
Adding to the uncertainty, Trump's firing of the head of the Bank of England has raised concerns about the credibility of upcoming economic data. Looking ahead, investor attention will turn to several key events this week: the Bank of England's policy decision—where markets expect a 25 basis point interest rate cut—along with a packed calendar of corporate earnings and economic data. Key figures include industrial output from Europe's largest economies, services and construction PMI data, and Germany's trade balance. (alg)
Source: Trading Economics
