STOXX 600 up 0.6
Entain up after beginning H2 ahead of expectations
Adidas falls after Barclays downgrades rating

Sept 9 Reuters European shares began the week on a positive note after the benchmark index saw its worst day in more than a year on Friday, while investors await a slew of economic data and expect the European Central Bank to cut interest rates later in the week.

The panEuropean STOXX 600 index was up 0.6 by 0815 GMT on Monday, after it posting its worst weekly performance since October 2023.

All regional bourses advanced between 0.5 and 1.

Investors will parse through consumer price inflation figures from Germany, Spain and France due later in the week.

Britain39;s employment and GDP data are scheduled for Tuesday and Wednesday, respectively.

Taking centre stage is the European Central Bank39;s rate decision, due on Thursday. It is widely expected that ECB will cut rates by 25 basis points.

Investors have fully priced in this cut and their primary focus will be on the commentary from ECB President Christine Lagarde regarding the possibility of further cuts in October and December.

Traders will also be looking for hints from several ECB members who are scheduled to speak at various events throughout the week.

ECB was ready, willing and able to start with consecutive rate cuts, but there is a sense that there is a caution around, Aoifinn Devitt, interim chief investment officer at London CIV, said.

The ECB should be ready to unleash a series of…