Markets in Europe are expected to open on a positive note on Monday amidst hawkish comments from Fed officials and pending economic data releases from China. Earnings updates from the corporate sector are expected to further sway sentiment.
Wall Street had closed on a negative note on Friday as a strong set of earnings and an unexpected rise in consumer sentiment triggered fears of further rate hikes by the Fed. The Nasdaq Composite shed 0.35 percent to close at 12,123.46 whereas the Dow Jones Industrial Average lost 0.42 percent to finish trading at 33,886.47.
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