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European markets open higher along with lockdown lifting

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European markets open higher along with lockdown lifting

On Monday, European stocks are expected to open higher as the investors have started feeling
optimistic as the lockdown restrictions around the world are being lifted.

London’s FTSE added 90 points higher at 5,888 whereas Germany’s DAX went up 200 points
higher at 10,649, France’s CAC 40 is seen 78 points higher at 4,350 and Italy’s FTSE MIB surged
332 points higher at 17,017, according to IG.

European markets are set to open on a higher position as economies in the region continue to
ease lockdown restrictions, which is allowing more businesses to run as usual. Although there is
a large number of people that are against the decision of lifting of restrictions, large-scale anti-
lockdown protests are happening Germany this weekend.

Investors will be focusing on comments from U.S. Federal Reserve Chairman Jerome Powell on
Sunday, about the prospects for the U.S. economy to recover in the medium term, CNBC
reported.

“In the long run and even in the medium run, you wouldn’t want to bet against the American
economy. The American economy will recover,” Powell stated in an interview he had with CBS’
“60 Minutes” in an excerpt aired Sunday morning on “Face the Nation.”

(Reference: CNBC)

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