European markets open higher

India Infoline News Service | Mumbai | September 18, 2017 13:12 IST

European markets opened higher on Monday morning, as global investors returned to perceived riskier assets amid cooling geopolitical tensions.

European markets opened higher on Monday morning, as global investors returned to perceived riskier assets amid cooling geopolitical tensions.
 
The pan-European Stoxx 600 was up by around 0.41% shortly after the opening bell, with almost all sectors and major bourses in positive territory. FTSE rose 0.48% at 7,250, CAC also increased 0.28% at 5,228. DAX surged 0.6% at 12,593.
 
After a dip in risk appetite towards the end of last week, Asian shares bounced back to hit decade highs on Monday, with South Korea's benchmark leading the gains, brushing aside concerns of escalating tensions in the Korean Peninsula.
 
Meantime, the main event for markets this week is likely to be the Federal Reserve's monetary policy meeting on Tuesday and Wednesday. The US central bank is seen as likely to take another step towards normalisation. In recent months, Canada has raised interest rates twice while Britain's central bank shocked many on Thursday when it signalled its own coming increases.

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