European markets head for constructive open amid renewed hopes for Ukraine-Russia talks

LONDON — European shares are anticipated to open larger on Monday forward of additional talks between Russian and Ukrainian negotiators.

The U.Okay.’s FTSE index is seen opening 14 factors larger at 7,160, Germany’s DAX 64 factors larger at 13,721, France’s CAC 40 up 24 factors at 6,296 and Italy’s FTSE MIB up 48 factors at 22,498, based on knowledge from IG.

International consideration stays on the warfare in Ukraine after a weekend of intensified preventing round capital Kyiv, whereas Russian forces bombarded cities throughout the nation, killing civilians who’re unable to flee. Russia additionally attacked a Ukrainian navy coaching heart close to the Polish border on Sunday, killing 35 folks and wounding 134.

Sanctions proceed to hit Russia laborious with the monetary fallout for Moscow’s invasion anticipated to return into sharper focus within the coming days forward of a scheduled sovereign bond cost.

Talks are happening once more on Monday in a bid to determine a stable ceasefire and discover room for any compromise between Russia and Ukraine’s calls for, though earlier discussions have led to failure.

The U.S. Federal Reserve can be in focus this week as it’s anticipated to increase its goal fed funds price by 1 / 4 share level from zero on the finish of its two-day assembly Wednesday.

Buyers are additionally trying to the central financial institution for its new forecasts for charges, inflation and the economic system, given the uncertainty from escalated geopolitical tensions.

U.S. inventory futures rose in in a single day buying and selling whereas shares in Asia-Pacific had been combined in Monday commerce as traders monitor a Covid wave in China. 

There aren’t any main earnings or knowledge releases in Europe on Monday.

— CNBC’s Yun Li contributed to this market report.