European markets open to close: stocks, data, and earnings

European bourses saw a mixed open on Monday, with U.K. markets closed for a bank holiday, as investors looked ahead to the latest economic data and corporate earnings reports due this week.

Germany’s DAX was last 0.17% higher soon after trading began, while Italy’s FTSE MIB was down 0.36% and the French CAC 40 fell 0.33%.

Data released Monday showed that Swiss inflation fell to 0% in April compared to the same month a year earlier, coming in lower than expected. Consumer price data from Turkey is also expected.

While it will be a quiet start to the week on the earnings front, several major companies are due to report in the coming days including Novo Nordisk, BMW, Maersk and Commerzbank.

Central Banks across Europe will also be in focus this week, with Sweden’s Riskbank, Norway’s Norges Bank and the Bank of England among those announcing their latest interest rate decisions.

Many Asian markets were also closed for a holiday Monday. Australian stocks fell after Prime Minister Anthony Albanese claimed victory as the country’s first prime minister to secure a second consecutive term in 21 years.

U.S. stock futures were last lower after a winning week that saw the S&P 500 record its longest positive streak in two decades. Trade tensions and prospective deals with the U.S.’ key partners continued to be top of mind for investors, as was the upcoming interest rate decision from the Federal Reserve. The central bank is widely expected to keep rates steady.