European stocks are expected to open broadly in positive territory on Monday as markets head into the first full trading week of October.
The U.K.’s FTSE index is seen opening 21 points higher at 7,040, Germany’s DAX 11 points higher at 15,137, France’s CAC 40 up 9 points at 6,506, according to IG data.
European markets look set to start the month after a tricky September, with concerns around inflation, Federal Reserve tapering and rising interest rates dominating sentiment. The 10-year U.S. Treasury yield topped 1.56% last week, its highest point since June.
Asian markets were mixed on Monday, with Hong Kong’s Hang Seng index tumbling more than 2% as trading in shares of China Evergrande was halted as investor concern surrounding the indebted property developer returned.
Trading in the shares of Evergrande Property Services was also halted. There were no reasons given for the trading halts. At the same time, the shares of another Chinese property developer Hopson were also suspended.
