European stocks flat as China stimulus update underwhelms

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 84 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 37%
  • Publisher: 53%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

European stocks flat as China stimulus update underwhelms

- European stocks were little changed on Monday after China's stimulus plans failed to inspire confidence among investors, who focussed on the earnings season and the European Central Bank's policy meeting later this week.index edged up 0.01% by 0720 GMT, with gains in utilities and financial services sectors offsetting declines in travel and leisure stocks as well as luxury companies.

Asian stocks teetered between gains and losses after China pledged on Saturday to"significantly increase" debt to revive its sputtering economy, but left investors guessing on the overall size of the stimulus package.British betting companies Flutter and Entain slid 7.3% and 12.6%, respectively, after a media report said the UK government is considering doubling taxes on online casinos and bookmakers.

Mulberry jumped 16% after the British luxury brand said it is working with advisers to evaluate Frasers' sweetened 111-million-pound takeover proposal.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.

Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.would like to remind you that the data contained in this website is not necessarily real-time nor accurate.

It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

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:

 /  🏆 450. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines

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

European stocks muted after market volatility in ChinaEuropean stocks opened flat Wednesday as positive sentiment wavered in the region, spurred on by market volatility in China.
Source: NBCNewYork - 🏆 270. / 63 Read more »