Eurozone markets gain as investors bet on ECB stimulus

European stock markets climbed at the open on Monday, recovering slightly from heavy pre-weekend falls on US economic strains, as investors await an expected interest-rate cut from the European Central Bank.

London’s FTSE 100 index climbed 0.6 per cent to 8,229.58 points.

In the eurozone, the Paris CAC 40 index won 0.4 per cent to 7,380.88 points and Frankfurt’s DAX gained 0.4 per cent to 18,368.13.

The European Central Bank is set to cut eurozone borrowing costs further on Thursday as inflation in the single-currency bloc drifts back to the ECB’s two-per cent target.

AFP