European Markets Poised for Mixed Opening Amid Global Economic Optimism

European stock markets are set to open the new trading week with mixed results, following a global rally last week that saw stocks rebound from recent volatility. The U.K.’s FTSE 100 is projected to open 11 points lower at 8,299, while Germany’s DAX is expected to drop 13 points to 18,314. Conversely, France’s CAC 40 is anticipated to rise by 10 points to 7,454, and Italy’s FTSE MIB is forecasted to gain 58 points, opening at 33,195, according to data from IG.

This comes after European markets closed on a high note last Friday, capping off a positive week for global stocks. U.S. markets also ended the week strong, buoyed by encouraging jobless claims and retail sales data, which eased investor concerns about a potential recession.

In the Asia-Pacific region, markets were mixed as investors braced for a week packed with central bank updates and key inflation data. Meanwhile, U.S. stock futures ticked up slightly in overnight trading.

This week, Wall Street will closely watch Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole symposium on Friday for insights into the future of interest rate policy. The minutes from the Fed’s latest meeting, set to be released on Wednesday, are also highly anticipated.

With no major earnings reports expected on Monday, investors will focus on economic data, including Spain’s latest balance of trade figures.