European markets close slightly higher as investors focus on earnings – News 24-7 Live News 24-7 Live

European markets close slightly higher as investors focus on earnings

The pan-European Stoxx 600 provisionally ended the session up by about 0.3%, with banks jumping 2% to lead gains while the food and beverage sector slid 0.8%.

Investors are bracing for a busy week of economic events and data in the U.S. this coming week, with more U.S. corporate earnings due (some of the largest companies in the world are scheduled to publish results this week including Apple, Microsoft, Amazon and Alphabet) as well as big data releases, including the latest gross domestic product data due Thursday and inflation data Friday.

In addition, the U.S. Federal Reserve is holding a monetary policy meeting on Tuesday and Wednesday, and market participants will be closely watching for clues on whether the central bank is nervous about the prospect of rising inflation. It has previously said it sees the pickup in prices as only temporary.

News Source: cnbc

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