European stock markets are likely to open negative on Monday tracking losses in Asian peers. China’s surging Covid caseload and widespread protests against the strict restrictions dampened investor sentiment in most of the Asian markets.
On Friday, reaction to the ECB’s minutes which showed a commitment to raising rates even in case of a recession had led to lackluster performance by the European benchmarks. U.K.’s FTSE 100 had gained 0.27 percent; Switzerland’s SMI had increased 0.09 percent and France’s CAC 40 had moved up 0.08 percent. Germany’s DAX had edged up 0.01 percent. The pan-European Stoxx 600 had however dropped 0.02 percent.
