Major European stock markets traded higher during premarket hours on Monday ahead of the European Central Bank's interest rate decision later this week, as well as Italian Prime Minister Giorgia Meloni's visit to Washington to discuss trade relations and tariffs with United States President Donald Trump. The earnings season is also picking up pace, as LVMH is set to announce its financial results for the first quarter of fiscal 2025 later today.
The DAX rose by 1.99% or 405 points at 8:02 am CET, while the FTSE 100 climbed by 1.80% at 8:03 am CET. At the same time, the CAC 40 advanced by 1.08%, and the Euro Stoxx 50 jumped by 2.29%.
The euro gained 0.23% against the dollar at 7:58 am CET and sold for $1.13860. Meanwhile, the British pound was up 0.26% compared to the dollar, selling for $1.31268 at 7:59 am CET.
