European stocks look poised for early gains after a strong Asian session, kicking off a week of major central bank decisions and big tech earnings.
The yen climbed. The Euro Stoxx 50 futures rose 0.5%, with benchmark US contracts also higher.
The bullish tone started earlier in Asia, where a key index rose the most in more than two weeks as investors raised bets on Federal Reserve interest rate cuts. Monetary policy decisions in Japan, the US and the UK will take the center stage this week, after global markets were ravaged by the yen’s recent rally on expectations for the Bank of Japan to hike its key rate.
Also in focus are earnings including Apple Inc., Amazon.com Inc and Microsoft Corp. following a stock rout sparked by an underwhelming start to the megacaps reporting season.
Spurred by wagers on monetary tightening in Japan, the yen advanced against all its Group of 10 peers Monday. The long-beleaguered currency has clawed back some of its losses in recent sessions and is now on course to post its best monthly performance versus the dollar this year.
