European markets opened higher Monday as investors around the world await central bank meetings this week that could decide further stimulus measures to reboot economies deeply damaged by the coronavirus pandemic.
The pan-European Stoxx 600 climbed 1.6% at the start of the trading session, with autos adding 2.7% to lead gains as all sectors and major bourses entered positive territory.
Investors in Europe are watching how the region gradually exits lockdown strategies that have crippled economies in Europe, central bank meetings this week are also in focus as further stimulus measures could be announced.
The U.S. Federal Reserve has a two-day meeting starting Tuesday this week and the European Central Bank (ECB) meets Thursday.
Stocks in Asia Pacific rose in morning trade on Monday, with the Bank of Japan due to kick off its monetary policy meeting. Investors are watching for policy moves from the central bank to grapple with the economic impact of the ongoing coronavirus…
