LONDON — European stocks are expected to open higher Tuesday, regaining some positive momentum after last week's volatility.
The U.K.'s FTSE index is seen opening 26 points higher at 8,233, Germany's DAX up 18 points at 17,288, France's CAC 40 up 14 points at 7,259 and Italy's FTSE MIB 62 points higher at 32,084, according to data from IG.
European stocks closed mixed on Monday as forthcoming U.S. and U.K. inflation data dominated investor attention.
U.K. wage data released by the Office for National Statistics on Tuesday showed that pay excluding bonuses grew 5.4% year-on-year between April and June — the lowest rate in two years.
U.K. inflation data, due on Wednesday, will be the first print since the BOE cut interest rates by 25 basis points.
Persons:
Germany's DAX, Jack Kennedy, BOE
Organizations:
LONDON, CAC, IG, Office, National Statistics, Reuters, Bank of England, U.S
Locations:
France, Spain, Italy