European stocks are poised to open higher Monday morning, as investors in Europe wake up to stronger-than-expected Chinese data.
div > div.group > p:first-child"> The FTSE 100 is seen higher by 28 points at 7,307; the DAX 30 is set to start higher by 99 points at 11,625; and the CAC 40 is expected to open higher by 43 points at 5,393; according to IG.
In Asia, stocks moved higher following fresh data. Manufacturing activity in China rose in March after three months of decline, suggesting a rebound in economic activity. China is the second largest economy in the world and an indication of slowdown tends to worry investors about the overall prospect of the global economy.
Meanwhile in Europe, investors will be digesting the latest political developments. U.K. lawmakers will vote on alternatives to the Brexit process on Monday. At the same time, media reports suggest that Prime Minister May could put her withdrawal agreement to a fourth vote on Tuesday. The U.K. has about two weeks to decide a way forward to the Brexit process or risks leaving the EU on April 12 without a deal.
In Ukraine, 41-year-old Volodymyr Zelenskiy, who plays a fictional president in a popular TV series, came first in exit polls Sunday. Meanwhile, in Slovakia, voters elected this weekend the first female president – Zuzana Caputova, an anti-corruption lawyer. Investors will also focus on data with manufacturing PMIs due across the euro zone throughout the morning, as well as, euro area inflation data due at 9 a.m. London time.
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