Europe: Stocks steady at open, before inflation data

[LONDON] Europe's main stock markets steadied at the open Monday, with investors sitting tight before key inflation updates out of the eurozone and UK this week.

London's benchmark FTSE 100 index began the week flat at 7,346.88 points.

In the eurozone, Frankfurt's DAX index grew 0.1 per cent to 16,107.25 points and the Paris CAC 40 gained 0.2 per cent to 7,101.99.

With global inflation surging as economies reopen after pandemic lockdowns, markets are looking to see if central banks such as the Fed, European Central Bank and Bank of England will raise interest rates earlier than expected.

AFP