European stocks set to rebound as earnings and central bank decisions loom
European stock markets are expected to open higher on Monday, with futures signaling gains for major indices including the CAC 40, DAX, FTSE, and Stoxx 600. The rebound follows a slight drop in oil prices, offering some relief at the start of a week packed with corporate earnings and central bank decisions. The US Federal Reserve and European Central Bank are both expected to hold interest rates steady this week, though markets anticipate further hikes in December. Oil prices retreated after recent gains driven by Houthi attacks in Saudi Arabia, while diplomatic efforts involving Qatari mediators helped ease supply concerns. Investors will also focus on quarterly results from Alphabet, Microsoft, and Amazon, alongside European earnings from TotalEnergies, Danone, and major French banks. Moody's maintained France's credit rating at "Aa3" with a negative outlook, while the French 10-year bond yield recently hit a 24-year high.