The Euro Stoxx 600 and the FTSE 100 both saw positive movements on Monday, with the Euro Stoxx 600 increasing by 0.1 percent and the FTSE 100 going up by 0.2 percent. Similarly, Germany’s DAX index increased by 0.2 percent, while Sweden’s OMXS30 index saw a larger increase of 0.5 percent. These gains were influenced by softer than expected US inflation figures released last week, which hinted that the Fed may reduce interest rates later in the year.
In other news on Monday, Ryanair released its first-quarter results and CEO Michael O’Leary expressed optimism about summer demand. However, he noted that pricing was softer than anticipated and predicted that it would either stay stable or only slightly rise compared to last summer, rather than increase by up to 10 percent as previously expected. This news led to a slight decrease of about one percent in early trading for Ryanair’s stock.
Looking ahead, Wall Street is expected to open on a positive note based on futures trading.
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