European Shares Gain On China Optimism
Nasdaq (RTTNews) - European stocks traded higher on Monday after the latest inflation data from China stoked optimism about easing deflationary pressures in the world's second-largest economy.
The upside remained limited as investors braced for a slew of key U.S. and Chinese data this week as well as the European Central Bank's rate decision due Thursday for directional cues.
The European Central Bank is expected to hike all three policy rates by 25 basis points, citing a weaker growth outlook and no clear evidence of a peak in core inflation. Few economists, however, predict it will be a close call.
The pan European STOXX 600 rose 0.3 percent to 46.03 after gaining 0.2 percent on Friday.
The German DAX edged up 0.2 percent, while France's CAC 40 and the U.K.'s FTSE 100 both were up around 0.3 percent.
