Europe Stocks Shored Up by Hopes Crisis Abating

European stocks are seen heading up on Monday, tracking gains in Asia and buoyed by a market rally in the U.S. where stocks hit a four-year high last week.

Close-up of a pen on stock price chart
Close-up of a pen on stock price chart

The FTSE 100 is seen higher by 10 points, the DAX up by 26 points and the CAC 40 higher by 8 points.

Election campaigning in France steps up a gear as the list of candidates running for the French presidency is made official.

The election will be held in two rounds between April and May.

In Greece, finance minister, Evangelos Venizelos was elected leader of the Greek socialists, the PASOK party after winning unopposed in the party leadership vote. It is widely speculated that he will resign his position of finance minister.

The country’s Prime Minister Lucas Papademos, speaking to the Financial Times, said that the country was more than halfway on the path to economic recovery with “positive growth rates achieved within less than two years”.

In the U.S., Apple is likely to declare on Monday via a conference call a 2.5 percent dividend or thereabouts as it puts an end to speculation over the fate of its $98 billion cash hoard.