European bourses, which have fewer technology stocks compared with the United States, started the week in the black, driven by a 2 per cent gain in Germany’s DAX and London’s FTSE 100. — Reuters pic
European bourses, which have fewer technology stocks compared with the United States, started the week in the black, driven by a 2 per cent gain in Germany’s DAX and London’s FTSE 100. “It is almost inevitable that the perceived probability of ‘no deal’ will escalate over the coming weeks,” Goldman Sachs analysts wrote in a note.
“Our risk indices have begun to turn from their euphoria highs,” Jefferies said, adding that it was switching its weighting on the MSCI All-World index to “tactically bearish” in the short term.In Asia, China’s blue-chip index slipped 2.3 per cent as the possible US blacklisting of China’s largest chip maker, Semiconductor Manufacturing International Corp , hit tech firms across the board.The mood across Asian markets was tentative.
In currency markets, the dollar index gained 0.15 per cent in holiday-thinned trade yesterday, while traders shifted their focus to the European Central Bank’s meeting on Thursday. Most analysts don’t expect a change in policy stance.
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