Business Maverick: Global markets: European markets slip, China eases pandemic measures

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European stock indexes were mostly lower on Monday, finding little support from an easing of China’s domestic pandemic restrictions, after market sentiment was dampened by US jobs data on Friday that raised fears of persistent inflation.

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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