European stocks set for stable opening

Date:

European stocks are likely to rise on Thursday, even if they may become more cautious amid concerns over China’s Evergrande debt crisis and Beijing’s recent restraint on private industry.

As investors bet on economic recovery from coronavirus Pandemic, the United Nations warned of deepening inequality between developed and developing countries.

The development of US President Joe Biden’s economic agenda continues to focus after the House’s Methods and Means Commission approved the largest tax increase of its generation on Wednesday.

The Commission has approved a new tax of $ 2.1 trillion, primarily focused on businesses and the wealthy.

Asian market It fell sharply after Japan and China released weaker data than expected.

Hong Kong stocks fell on day 4 and benchmark gauge 10 months as investors monitor Macau’s casino operators with tighter regulations and underfunded developers China Ever Grande Group It was pushed down to the lowest price for the first time.

The dollar fell as investors waited for another batch of US economic data, including weekly unemployment claims for retail sales reports and further clues as to when the Federal Reserve will begin tapering assets. Did.

Near the house, ECB President Christine Lagarde will give a speech later in the day.

In the commodity sector, Brent crude oil futures reached $ 75 for the first time since August 2, after US crude oil inventories exceeded expectations.

Overnight US stocks as oil persisted in rising and data reached pre-pandemic levels in August, despite persistent supply constraints and shutdowns associated with hurricane Aida Was strong.

The Dow rose 0.7%, the high-tech Nasdaq Composite index rose 0.8%, and the S & P 500 rose 0.9%.

European stocks fell particularly on Wednesday as investors responded to economic data from the UK and China.

The Pan-European STOXX 600 fell 0.8%. Germany’s DAX fell 0.7%, France’s CAC 40 index fell 1%, and the UK’s FTSE 100 fell 0.3%.

Contact for comments and feedback: editorial@rttnews.com

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European stocks set for stable opening

Source link European stocks set for stable opening

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