LONDON — European markets were higher Monday as investors digest U.S. inflation data and look ahead to another busy week of earnings and central bank meetings.
The Stoxx 600 index was up 0.52% by 11:11 a.m. London time, with most sectors and major bourses across the region trading in the green. Oil and gas stocks added more than 1.45%, while household goods fell 0.79%.
The slew of earnings releases continues this week, with Heineken, Philips, Pearson and Associated British Foods all reporting during the session.
Philips shares jumped more than 10.5% in early deals after the company reported better-than-expected second-quarter earnings. Meantime, Heineken shares fell 7%, after the brewing giant’s first-half profit growth came in weaker than analysts had expected.
Investors are also looking ahead to the latest policy meetings from the Federal Reserve and the Bank of England for an indication on the path for interest rates.
Asia-Pacific markets climbed on Monday, with Japan’s Nikkei 225 leading gains in the region as the U.S. inflation print raised hopes for a rate cut. U.S. stock futures, meanwhile, were also higher ahead of a continued slew of corporate earnings stateside.