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European stocks are seen opening higher on Monday after progressive Democrats signaled Sunday they are willing to compromise to get U.S. President Joe Biden’s sweeping domestic agenda through Congress.<\/p>\n
However, as party leaders regroup after last week’s political recriminations, the most important issues remain unsettled.<\/p>\n
Asian markets<\/span> traded mixed, with Japan’s Nikkei falling more than 1 percent as investors await a policy speech by Japan’s new leader Fumio Kishida and the unveiling of the new cabinet. <\/p>\n Elsewhere, Hong Kong stocks hit one-year low after shares in the Chinese developer and its property management arm were halted from trading amid speculation on asset sales. <\/p>\n Gold inched lower and the dollar rebounded with the Treasury yields as investors looked ahead to the release of U.S. jobs data on Friday for fresh clues on the health<\/span> of the world’s biggest economy<\/span>. A strong reading may put pressure on the Federal Reserve to act sooner than later.<\/p>\n Oil steadied in Asian trade ahead of a meeting between OPEC and its key allies to decide whether to ramp up oil production.<\/p>\n Unemployment data from Spain and consumer price figures from Switzerland are due later in the session, headlining a light day for the European economic news.<\/p>\n U.S. stocks rose sharply on Friday as the government avoided a shutdown, a trial of COVID-19 treatment showed promise and treasury yields extended a pullback after the release of mixed economic data.<\/p>\n The Dow climbed 1.4 percent, the S&P 500 rallied 1.2 percent and the tech-heavy Nasdaq Composite index added 0.8 percent. <\/p>\n European stocks declined on Friday on worries about rising inflation, slowing growth and growing expectations of U.S. tapering by year-end. The pan European Stoxx 600 eased 0.4 percent.<\/p>\n The German DAX dropped 0.7 percent, France’s CAC 40 index finished marginally lower and the U.K.’s FTSE 100 shed 0.8 percent. <\/p>\n<\/p>\n Market Analysis<\/p>\n<\/div>\n