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European stocks are likely to open higher on Monday as investors await fresh cues from central bank meetings. <\/p>\n
The Fed’s next meeting ends on Wednesday, with Chair Jerome Powell likely to repeat ECB President Lagarde’s message that talk of tapering is premature. <\/p>\n
The Bank of Japan releases its latest rate decision on Tuesday and the central bank is widely seen standing pat following its policy framework tweaks last month. <\/p>\n
Asian markets<\/span> held near six-week highs and the dollar hit a two-month low at the start of a busy week of corporate earnings, with Tesla, Starbucks, Microsoft and Amazon set to report results. <\/p>\n Joe Biden makes his first address as president to a joint session of Congress Wednesday while the U.S. releases the first estimates for the March quarter GDP on Thursday.<\/p>\n Gold edged higher on dollar weakness while oil prices eased on concerns that a resurgence of coronavirus<\/span> infections in India and Japan would cut fuel demand in Asia.<\/p>\n Turkey’s lira edged lower and hovered near a record low due to worsening relations with the United States and worries about a dovish central bank governor. <\/p>\n Germany’s ifo business<\/span> confidence survey results for April are due later in the session. Economists expect the business climate index to rise to 97.8 from 96.6 in March.<\/p>\n U.S. stocks advanced on Friday as healthy economic data and earnings outweighed concerns about high valuations and surging coronavirus cases globally. <\/p>\n The Dow rose 0.7 percent, the tech-heavy Nasdaq Composite climbed 1.4 percent and the S&P 500 rallied 1.1 percent.<\/p>\n European stocks closed mostly lower on Friday despite coming off their day’s lows on the back of a slew of earnings announcements and economic data.<\/p>\n The pan European Stoxx 600 edged down 0.1 percent. The German DAX dipped 0.3 percent and France’s CAC 40 index slipped 0.2 percent while the U.K’s FTSE 100 ended on a flat note. <\/p>\n<\/p>\n Market Analysis<\/p>\n<\/div>\n