Investing.com - European stock markets have started the new week in a cautious manner Monday, as investors digested more talk of Chinese fiscal stimulus ahead of a rate-setting meeting by the European Central Bank.European equities look to be searching for direction at the start of a new week after a choppy session in Asia on Monday in the wake of Beijing's latest stimulus pledges.
But the government did not provide key details on the planned measures - specifically their timing and scale. This left investors wanting, after a similar occurrence in late-September.Goldman Sachs raised its 2024 real GDP forecast for China to 4.9% from the previous 4.7%, citing the “more forceful and coordinated” stimulus policies from Chinese authorities, but this is still below the official 5% growth forecast.
“In the press conference, President Lagarde is likely to acknowledge the increased downside risks to the growth outlook,” said analysts at ABN Amro, in a note, “while repeating the language from a recent speech that ‘latest developments strengthen our confidence that inflation will return to target in a timely manner.
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