Singapore Markets closed

European stocks edge higher at open

Europe's main stock markets crept higher in opening deals on Monday in cautious deals before this week's crucial Federal Reserve policy meeting.

In initial trade, London's FTSE 100 index added 0.4 percent to 5,978.8 points compared with Friday's close.

Frankfurt's DAX 30 rose 0.64 percent to 10,406.7 points and the CAC 40 in Paris gained 0.5 percent to open at 4,572.4.

All three indices had slumped by about two percent on Friday, as global oil prices tanked close to seven-year lows on oversupply worries.

Later this week, the Federal Reserve is expected to give the go-ahead to a small increase in borrowing costs for the first time in nearly a decade, a decision that has kept markets on edge for months.

The US central bank's two-day meeting will conclude on Wednesday.