The optimism is in line with the rest of Europe, and is also based on gains on Wall Street on Friday and in Asia on Monday.
It is expected to be a bit of an in-between day for the market, awaiting Fed Chair Jerome Powell’s speech in the US Senate tomorrow. A lot of focus is now on how the central bank there handles the interest rate going forward. The hope is that the bank will settle for an increase of 0.25 percentage points at the next meeting.
Meanwhile, the market awaits further news from the ongoing annual National People’s Congress in Beijing. There, China announced on Sunday a lowered growth target to “around 5 percent”, which is to be achieved without new major stimulus packages.