On Monday, European stock markets saw an increase in the Euro Stoxx 600 and FTSE 100 in the UK, with Germany’s DAX index and Sweden’s OMXS30 index both rising by 0.2 and 0.5 percent respectively. The boost came from softer US inflation figures released last week, which led to predictions that the Federal Reserve will start lowering interest rates later in the year.
In other news, Ryanair, the Irish aviation giant, released its first-quarter results today. CEO Michael O’Leary commented that summer demand looks positive but pricing was surprisingly soft. Instead of a 10 percent rise in prices for the summer as previously forecasted, O’Leary now predicts prices will remain relatively stable or slightly higher than last summer. After a brief period of trading, Ryanair’s share was down about one percent.
Looking ahead to Wall Street, it is expected to open higher based on futures trading.
