European markets head for higher open; UK market closed

Buoyant trade in Europe follows a similarly positive trend elsewhere overnight withas investors readied for the first trading day of May.

Despite Friday's weakness in equities, the S&P 500 notched its third straight month of gains in April, adding more than 5% to the index as investors bet on a big economic and profit recovery from the pandemic. Investors will also be monitoring the next batch of corporate earnings stateside Monday, and data releases that include U.S. manufacturing PMI data for April which will be released at 9:45 a.m. ET.

Meanwhile, stocks in Asia-Pacific slipped in Monday trade, with major markets in China, Thailand and Japan closed for holidays. Investors in Asia-Pacific continued to monitor the Covid situation in India as the country continues to battle a deadly second wave of infections. Over the weekend,On a quiet day for European earnings, Siemens Healthineers releases its latest earnings report. Data releases include German annual retail sales in March and French export and import data for March.

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