The Federal Reserve logo is seen on the William McChesney Martin Jr. Building on Sept. 16, 2025 in Washington, DC.<\/p>\n
Kevin Dietsch | Getty Images<\/p>\n
LONDON \u2014 European stocks started the new trading week slightly positive as traders look ahead to the U.S. Federal Reserve’s meeting, more earnings and signs of a rapprochement between Washington and Beijing.<\/p>\n
The pan-European Stoxx 600<\/a> was up 0.03% at around 8:33 a.m. in London (4:33 a.m. ET).<\/p>\n The U.K.’s FTSE<\/a> index was last seen trading up 0.04%, while France’s CAC 40<\/a>\u00a0was down almost 0.1%, with Germany’s DAX<\/a> up 0.1%, and Italy’s FTSE MIB<\/a> adding 0.4%.<\/p>\n Regional markets had ended last week higher as investors reacted to the latest U.S. inflation print, the only federal data to be released during the ongoing government shutdown, and a flurry of corporate earnings reports.<\/p>\n Novartis<\/a> fell 1.4% in early trading after the Swiss pharmaceutical giant announced it was buying Avidity Biosciences<\/a> in a deal worth $12 billion.<\/p>\n Copenhagen-listed bank Sydbank<\/a> was a strong early gainer on Monday, advancing 6.4% after unveiling plans to merge with Danish lenders Arbejdernes Landsbank and Vestjysk Bank<\/a>, with the new entity \u2013 named AL Sydbank \u2013 becoming one of Denmark’s five largest banks.<\/p>\n Barclays<\/a> meanwhile gained almost 1.2% after Saudi Arabia said it would imminently recognize the U.K. lender’s regional headquarters in the country, with the bank having reportedly received a provisional capital market authority licence to conduct investment banking activities there.<\/p>\n Meanwhile, HSBC<\/a>‘s shares fell almost 1% as the bank revealed it will book at $1.1 billion provision<\/a> in its third-quarter earnings due to a court ruling relating to the Bernie Madoff investment fraud case in 2009. HSBC’s earning will be released on Tuesday.<\/p>\n Porsche AG<\/a> shares gained 3.3% after releasing its third-quarter earnings report late on Friday which showed sales revenues of 26.9 billion euros ($31.3 billion) in the first nine months of the year, down from 28.6 billion in the same period last year. <\/p>\n Galp Energia<\/a> gained 1.8% as the Portuguese energy company’s third-quarter earnings report showed adjust net profits reaching 407 million euros during the three-month period, outweighing analysts’ estimated 321 million euros.<\/p>\n The U.S.annual inflation rate\u00a0hit a lower-than-expected 3% in September<\/a>, prompting a bounce in U.S.\u00a0stocks<\/a> amid anticipation that the U.S. Federal Reserve will cut interest rates when it meets this week.<\/p>\n