European Shares Seen Up on Bargain-Hunting
By: Reuters
European equities were expected to gain ground on Monday, adding to a two-session recovery as investors continue to look for bargains following a selloff in the first three weeks of November.
Financial bookmakers, or spread betters, in London expected Britain's FTSE 100 index to open between 57 and 61 points higher, the German DAX 68 to 75 points higher and the French CAC 40 49 to 60 points higher.
"We're looking at a buoyant start to the week as bargain hunters continue to lift global equity markets away from recent lows," Matt Buckland, trader at CMC Markets, wrote in a note.
European equities were expected to gain ground on Monday, adding to a two-session recovery as investors continue to look for bargains following a selloff in the first three weeks of November.