European markets head for positive open, following global trend higher

• European stocks are expected to open higher on Monday, following positive momentum in other global markets.
• London's FTSE is seen opening 27 points higher at 7,154, Germany's DAX 56 points higher at 15,438, France's CAC 40 up 27 points at 6,389 and Italy's FTSE MIB 100 points higher at 24,483, according to IG.

LONDON — European stocks are expected to open higher on Monday, following positive momentum in other global markets.

London's FTSE is seen opening 27 points higher at 7,154, Germany's DAX 56 points higher at 15,438, France's CAC 40 up 27 points at 6,389 and Italy's FTSE MIB 100 points higher at 24,483, according to IG.

The positive start to the trading week in Europe reflects bullish sentiment elsewhere. U.S. stock futures inched higher in the overnight session Sunday evening, suggesting that the major U.S. equity indexes could trade at or near records when regular trading opens in New York.

The moves in extended trading came after last week's trading ended on an upbeat note with both the Dow Jones Industrial Average and the S&P 500 hitting fresh all-time highs on Friday.

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A far-weaker-than-expected April jobs report, which showed that U.S. employers added 266,000 net payrolls last month also spurred expectations that interest rates would stay lower for longer. Economists polled by Dow Jones had expected 1 million additions.

Stock markets in Asia-Pacific were also trading broadly higher on Monday, shrugging off the weaker-than-expected April U.S. jobs reports; while oil futures advanced after one of the largest pipelines in the U.S. remained closed following a cybersecurity attack.

On the earnings front in Europe, Euronext releases an update while Norway, Portugal and Denmark release inflation data.

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