European stocks are set to open higher on Monday as dovish U.S. monetary policy signals gave a boost to global risk assets.
Germany's DAX index is seen climbing 116 points to 13,145, France's CAC up 44 points at 5,049 and Italy's FTSE MIB up by 210 points at 20,006. In the U.K., markets are closed due to a bank holiday.
Global market players are betting supportive monetary policy measures will continue to buoy stocks despite the economic damage of the coronavirus pandemic. Last week, the Fed, which has cut interest rates to zero and open-ended asset-purchasing program to support the economy, laid out an inflation policy framework that would keep rates lower for longer.
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