European markets are expected to start the new trading week on a positive note following the White House’s announcement that it had reached a “trade deal” with China, despite few details being known about the agreement.
The U.K.’s FTSE 100 index is expected to open 35 points higher at 8,586, Germany’s DAX up 192 points at 23,688, France’s CAC 70 points higher at 7,785 and Italy’s FTSE MIB 366 points higher at 39,139, according to data from IG. It’s a quiet data for corporate and data releases although Unicredit releases its latest earnings on Monday.
European markets are set to follow their global counterparts higher on Monday after the Trump administration announced a “trade deal” with China following negotiations over the weekend in Switzerland.
— CNBC’s Amala Balakrishner contributed reporting to this market summary
