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French stocks were moving higher on Monday ahead of a busy week of earnings, economic data releases and speeches by Federal Reserve officials. The euro was trading higher after the European Commission, the executive arm of the EU, said that Eurozone economic growth will be faster than previous forecast this year and next.
European stocks traded higher on Friday, with financials and luxury goods makers rising on the back of strong earnings. Sentiment was also helped by optimism that the Federal Reserve would halt interest-rate increases in the next policy review in June.
French stocks traded higher on Friday amid optimism over the Federal Reserve cutting interest rates later this year. Meanwhile, data showed France's consumer price inflation accelerated slightly as initially estimated in April.
French stocks traded higher on Thursday as softer-than-expected U.S. inflation data raised optimism over the Federal Reserve cutting interest rates later this year.
European stocks are likely to open on a positive note in cautious trade on Wednesday as investors await progress on U.S. debt ceiling talks and key U.S. inflation data.