European stock markets are expected to open on a positive note on Monday amidst an improved risk-on sentiment globally. Markets are expected to price in the anticipated decline in consumer price inflation in the U.S. in August to 8.1 percent, from 8.5 percent in the month of July, rejuvenating hopes of a pause in aggressive central bank monetary policy action. The CPI readings are due on Tuesday.
On Friday, European markets had finished with strong gains led by the pan-European Stoxx 600 which had rallied 1.52 percent. Germany's DAX had added 1.43 percent whereas France's CAC 40 had gained 1.41 percent. U.K.'s FTSE 100 had strengthened 1.23 percent while Switzerland's SMI had improved 1.02 percent.
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