Investing.com – European stocks advanced on Monday, led higher by oil firms and miners; meanwhile U.S. futures indexes pointed to a higher open on Wall Street ahead of Tuesday’s Federal Reserve rate decision.
During European morning trade, the EURO STOXX 50 was up 0.69%; France’s CAC 40 increased 0.87% and Germany's DAX gained 0.64%.
Shares in oil firms led gains, as oil and gas producer Essar Energy Plc gained 2.76%, while British Petroleum stocks increased 1.53% after the oil giant said its leaking oil well in the Gulf of Mexico was now officially sealed.
In Germany, Commerzbank shares gained 0.62% after UBS upgraded the German bank’s stocks to ‘nuetral’ from ‘sell’. The strong German economy and low interest-rate environment should benefit Commerzbank, the broker said.
Meanwhile in France, shares in Credit Agricole soared 2.51% after Credit Suisse upgraded stocks in the French lender to ‘outperform’ from ‘neutral’.
In London, the commodity heavy FTSE 100 was up 0.94%, as miners led gains. Shares in Rio Tinto advanced 1.51%, Xstrata shares rose 1.33%, while stocks in BHP Billiton gained 1.16%.
The outlook for U.S. equity markets, meanwhile, was upbeat: Dow Jones Industrial Average futures indicated a gain of 0.39%, S&P 500 futures pointed to an increase of 0.45% and Nasdaq 100 futures indicated a rise of 0.53%.
Later in the day, the U.S. was to publish industry data on home sales.
During European morning trade, the EURO STOXX 50 was up 0.69%; France’s CAC 40 increased 0.87% and Germany's DAX gained 0.64%.
Shares in oil firms led gains, as oil and gas producer Essar Energy Plc gained 2.76%, while British Petroleum stocks increased 1.53% after the oil giant said its leaking oil well in the Gulf of Mexico was now officially sealed.
In Germany, Commerzbank shares gained 0.62% after UBS upgraded the German bank’s stocks to ‘nuetral’ from ‘sell’. The strong German economy and low interest-rate environment should benefit Commerzbank, the broker said.
Meanwhile in France, shares in Credit Agricole soared 2.51% after Credit Suisse upgraded stocks in the French lender to ‘outperform’ from ‘neutral’.
In London, the commodity heavy FTSE 100 was up 0.94%, as miners led gains. Shares in Rio Tinto advanced 1.51%, Xstrata shares rose 1.33%, while stocks in BHP Billiton gained 1.16%.
The outlook for U.S. equity markets, meanwhile, was upbeat: Dow Jones Industrial Average futures indicated a gain of 0.39%, S&P 500 futures pointed to an increase of 0.45% and Nasdaq 100 futures indicated a rise of 0.53%.
Later in the day, the U.S. was to publish industry data on home sales.