The European markets are firmly in the green on Monday, as investors remain hopeful ahead of the two-day policy meeting of the Federal Reserve. Fed Chief Ben Bernanke is expected to address some investor concerns after the meeting.
Germany's economic activity will pick up strongly in the second quarter, the Bundesbank said in its monthly report. But the bank forecast the momentum to slowdown in summer.
Employment in the German manufacturing sector increased modestly in April, preliminary data released by the Federal Statistical Office showed.
Meanwhile, Eurozone's trade in goods with the rest of the world resulted in a surplus in April, which was lower than a month earlier, data from Eurostat revealed.
The Systemic Risk Survey conducted by Bank of England showed that the risk of another financial crisis over the coming three years fell to the lowest since survey began in 2008. The perceived probabilities of a "high-impact event" over both the short term fell to 8 percent and to 24 percent between one and three years ahead.
Asking price for a property in the UK rose to a fresh record high in June, lifted by a jump in prices in the South East and London, the latest survey by Rightmove revealed.
Group of Eight leaders are holding their two-day summit in Northern Ireland with trade being in focus.
The Euro Stoxx 50 index of eurozone bluechip stocks is adding 1.70 percent, while the Stoxx Europe 50 index, which includes some major U.K. companies, is gaining 1.39 percent.
The German DAX is gaining 1.5 percent, the French CAC 40 is rising 1.8 percent and Switzerland's SMI is adding 1.5 percent. The UK's FTSE 100 is rising 0.9 percent.
In Frankfurt, Bayer is gaining 3.2 percent. Insurer MunichRe is adding 2.5 percent.
Carmakers Volkswagen and Daimler are notably higher while BMW is up 0.6 percent.
Gagfah is climbing 3.6 percent after Kepler Cheuvreux raised the real estate investment trust to ''Buy'' from ''Hold.''
In Paris, France Telecom is adding 4.4 percent. JPMorgan cut telecoms to ''Underweight'' from ''Neutral.''
Sanofi is rising 3.2 percent and GDF Suez is gaining 2.8 percent.
Bucking the trend, Technip is falling 1.5 percent.
In London, Resolution is climbing 3.4 percent. Experian and Reckitt Benckiser are rising 2.8 percent and 2.5 percent, respectively.
Legal & General appointed Mark Gregory as Group Chief Financial Officer with effect from July 1. The stock is gaining 0.9 percent.
Morgan Stanley raised HSBC to ''Overweight'' from ''Equalweight.'' The lender is advancing 1.1 percent.
ARM Holdings is losing 3.4 percent and Associated British Foods is falling 3.1 percent.
ABB is gaining 3.5 percent in Zurich after it announced a new chief executive.
Richemont is adding 2.4 percent in Zurich, following a broker upgrade at HSBC.
Telefonica is rising 3.1 percent in Madrid, after a report said the Spanish government blocked a friendly takeover bid from AT&T Inc. for some 70 billion euros and 52 billion euros in debt. The company has denied the report.
Philips is gaining 4.4 percent in Amsterdam. Deutsche Bank raised the stock to ''Buy'' from ''Hold.''
Saipem is plunging 25.6 percent in Milan after the oil-services provider issued a profit warning.
Across Asia/Pacific, most markets ended higher. Japan's Nikkei 225 climbed 2.7 percent and Hong Kong's Hang Seng added 1.2 percent. Australia's All Ordinaries advanced 0.6 percent while China's Shanghai Composite Index slid 0.3 percent.
In the U.S., futures point to a higher open. In the previous session, stocks ended firmly in the red, with disappointing industrial production and consumer confidence data weighing on the markets following the previous session's rally. The Dow slid 0.7 percent, while the tech-heavy Nasdaq and the S&P 500 dropped about 0.6 percent each.
In the commodity space, crude for July delivery is adding $0.69 to $98.54 per barrel while August gold is losing $1.3 to $1386.3 a troy ounce.
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Market Analysis
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.