But the impact on European markets was limited as investors were cautious about the extent of the reopening and remained focused on the outlook for central bank rate hikes. The MSCI world equity index, which tracks shares in 47 countries, was up just 0.3% on the day.
The new easing “could add to a stronger demand for raw materials but we also need to see … how it evolves”, Cheng said.Services activityMarket sentiment in Europe is still under pressure from “some inflation forces”, Cheng said, in particular the region’s
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