Euro stocks rise ahead of the ECB meeting

News of the day, Monday, June 6

European stocks are about to open higher on Monday as ECB is meeting soon to discuss monetary policy normalization. DAX futures traded 0.3% higher, CAC 40 futures were up 0.5%, and FTSE 100 futures climbed 0.7%.

The U.S. dollar decreased earlier today ahead of the release of key U.S consumer inflation data and a soon ECB meeting. The Dollar index traded 0.1% lower at 102.025.

Oil futures increased today as brent rose above $120 a barrel after Saudi Arabia raised prices for its July crude sales, even after OPEC+ producers came up with a supply increase. Brent crude is up 0.6%, and WTI edged 0.5%.

The price of Brent crude is $120.40, WTI — $119.50, GBP/USD — 1.2564, EUR/USD — 1.0743, and gold costs $1852.20 per ounce.