European Stocks Rise on Japan Rally and Fed Hopes; TTF Gas Spikes on Ship Seizure
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European stocks rose on Monday, boosted by positive sentiment from Japanese stocks hitting 30-year highs and hopes the Fed may be nearing the end of rate hikes.
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TTF natural gas prices spiked after Yemeni rebels seized an Israeli cargo ship. Bayer shares plunged to multi-year lows after pausing a drug trial.
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Luxury stocks like LVMH and TotalEnergies gained on Monday. Renault and Schneider Electric were amongst the top losers.
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Investors await a speech from BoE Governor Andrew Bailey on Monday evening about monetary policy.
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FOMC minutes on Wednesday, euro area consumer confidence on Wednesday, and PMIs from UK/Europe later in the week are key economic data to watch.