World stocks near 15-month high; China data weighs on markets

  • 📰 ReutersAfrica
  • ⏱ Reading Time:
  • 6 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 53%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Investors await US retail sales data and earnings.

"China is super important to Europe," said Fiona Cincotta, senior markets analyst at City Index. "There are a lot of concerns about what weakness in China could mean for Germany and the German economy and I think we're seeing that being played on in the DAX, which is struggling to push higher."

Expectations that the Fed and ECB will diverge on rate hikes have caused the dollar to weaken recently.

 

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:

 /  🏆 31. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines