Investing.com - European stocks were higher on Monday, after the release of positive Spanish manufacturing data, although uncertainty over the future of the Federal Reserve's stimulus program continued to weigh.
During European morning trade, the EURO STOXX 50 climbed 0.65%, France’s CAC 40 advanced 0.71%, while Germany’s DAX 30 added 0.21%.
Markit research group said that Spain's manufacturing purchasing managers' index rose to 50.0 in June, from a reading of 48.1 the previous month, beating expectations for a rise to 48.5 and re-entering expansion territory for the first time sine May 2011.
Meanwhile, investors remained cautious amid expectations that the Fed will soon start tapering its USD85 billion-a-month bond buying program. Investors were awaiting Friday’s U.S. nonfarm payrolls data, with good data set to bolster the dollar further.
Financial stocks were broadly higher, as French lenders BNP Paribas and Societe Generale rallied 1.73% and 1.06%, while Germany's Deutsche Bank added 0.11%.
Peripheral lenders added to gains, with Spanish banks BBVA and Banco Santander advanced 0.62% and 2.04% respectively, while Italy's Unicredit and Intesa Sanpaolo rose 0.33% and 0.73%.
Elsewhere, Aker Solutions climbed 0.61% after saying it got a contract worth as much as USD440 million to deliver the subsea production system to an oil field development in the U.K.’s North Sea.
In London, FTSE 100 jumped 0.81%.
Financial stocks were mixed, as shares in Lloyds Banking and HSBC Holdings gained 0.55% and 1.23%, while Barclays and the Royal Bank of Scotland slipped 0.22% and 0.32%.
Mining stocks were also mixed. BHP Billiton and Anglo American advanced 0.51% and 0.77% respectively, while Rio Tinto and Evraz declined 0.39% and 0.67%.
In the U.S., equity markets pointed to a higher open. The Dow Jones Industrial Average futures pointed to a 0.60% gain, S&P 500 futures signaled a 0.58% increase, while the Nasdaq 100 futures indicated a 0.80% climb.
Later in the day, the euro zone was to release official data on the unemployment rate and consumer price inflation. In the U.S., the Institute of Supply Management was to produce a report on manufacturing activity.
During European morning trade, the EURO STOXX 50 climbed 0.65%, France’s CAC 40 advanced 0.71%, while Germany’s DAX 30 added 0.21%.
Markit research group said that Spain's manufacturing purchasing managers' index rose to 50.0 in June, from a reading of 48.1 the previous month, beating expectations for a rise to 48.5 and re-entering expansion territory for the first time sine May 2011.
Meanwhile, investors remained cautious amid expectations that the Fed will soon start tapering its USD85 billion-a-month bond buying program. Investors were awaiting Friday’s U.S. nonfarm payrolls data, with good data set to bolster the dollar further.
Financial stocks were broadly higher, as French lenders BNP Paribas and Societe Generale rallied 1.73% and 1.06%, while Germany's Deutsche Bank added 0.11%.
Peripheral lenders added to gains, with Spanish banks BBVA and Banco Santander advanced 0.62% and 2.04% respectively, while Italy's Unicredit and Intesa Sanpaolo rose 0.33% and 0.73%.
Elsewhere, Aker Solutions climbed 0.61% after saying it got a contract worth as much as USD440 million to deliver the subsea production system to an oil field development in the U.K.’s North Sea.
In London, FTSE 100 jumped 0.81%.
Financial stocks were mixed, as shares in Lloyds Banking and HSBC Holdings gained 0.55% and 1.23%, while Barclays and the Royal Bank of Scotland slipped 0.22% and 0.32%.
Mining stocks were also mixed. BHP Billiton and Anglo American advanced 0.51% and 0.77% respectively, while Rio Tinto and Evraz declined 0.39% and 0.67%.
In the U.S., equity markets pointed to a higher open. The Dow Jones Industrial Average futures pointed to a 0.60% gain, S&P 500 futures signaled a 0.58% increase, while the Nasdaq 100 futures indicated a 0.80% climb.
Later in the day, the euro zone was to release official data on the unemployment rate and consumer price inflation. In the U.S., the Institute of Supply Management was to produce a report on manufacturing activity.