European markets opened higher on Monday, as investors digested U.S. inflation data and looked ahead to another busy week of earnings and central bank meetings.
The Stoxx 600 index rose 0.39% in early trade, with almost all sectors and all major bourses across the region trading in the green. Banks and insurance stocks rose more than 0.8%, while the food and beverage sector was the only decliner, down 0.1%.
Europe's benchmark index closed higher on Friday as global stock selling eased and investors reacted to U.S. personal consumption expenditures (PCE) price printing that came in in line with expectations.
The earnings season continues this week, with Heineken, Philips, Pearson and Associated British Foods announcing results during the session.
Investors are also looking to the latest policy meetings from the Federal Reserve and the Bank of England for an indication of the path of interest rates.
Asia-Pacific markets rose on Monday, with Japan’s Nikkei 225 leading gains in the region as U.S. inflation data raised hopes for a rate cut. Meanwhile, U.S. stock futures also rose ahead of a slew of corporate earnings in the United States.
