News Formal

European stocks seen higher ahead of central bank meetings

  • 📰 CNBC
  • ⏱ Reading Time:
  • 54 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

European stocks were seen opening higher Wednesday morning as investors look ahead to key central bank meetings, while trade tensions and the risk of a no-deal Brexit have cooled for now.

The European Central Bank meets Thursday to decide its latest monetary policy, with marketsMeanwhile, senior White House advisor Peter Navarro on Tuesday moved to calm expectations for the next rounds of U.S.-China trade talks, which are set to begin in October.

China is expected to buy more U.S. agricultural products in the hope of sweetening Washington's stance on trade and securing a better deal, the South China Morning Post reported on Tuesday. Asian shares traded mixed Wednesday afternoon, with mainland Chinese shares mostly lower while indexes in Hong Kong, Japan and South Korea advanced.

European banks have been voicing increasing concerns about the ECB's rock-bottom interest rates ahead of the central bank's meeting on Thursday, with the ECB Governing Council expected to double down on a policy which squeezes their profits. The president of Germany's savings banks association joined Dutch bank ING on Tuesday in lambasting loose monetary policy.

Meanwhile, Deutsche Bank said in a note on Tuesday that it now forecasts a further 100 basis points of rate cuts from the U.S. Federal Reserve, and sees growth falling to below 1.5% by mid-2020 assuming no trade war escalation.on Tuesday, with his exit seen as lessening the chance of a military conflict between the U.S. and Iran.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks open modestly lower as S&P 500 on track for back-to-back lossesU.S. stocks opened slightly lower on Tuesday as investors watched for the European Central Bank's policy meeting later this week and for further developments... 👏👏👏
Source: MarketWatch - 🏆 3. / 97 Read more »

European stocks seen lower on Brexit stalemate as investors await ECB meetingEuropean stocks were seen lower Tuesday morning after U.K. Prime Minister Boris Johnson lost a second bid to hold an early election but reiterated his pledge to leave the EU on October 31. Investors also have one eye on an impending meeting of the ECB, with markets hopeful of a monetary stimulus package on Thursday.
Source: CNBC - 🏆 12. / 72 Read more »