European stocks seen lower on geopolitical tensions and weak Chinese data

  • 📰 CNBC
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 72%

South Africa News News

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

European stocks were expected to open lower Monday morning as investors digest an escalation of tensions in the Middle East following an attack on Saudi oil.

, effectively wiping out 5% of global supply. Brent crude hit its highest intra-day percentage gain since the start of the Gulf War in 1991, and was trading around 10% higher Monday morning.and was waiting to hear from Saudi Arabia as to the next steps, sparking fears of imminent military confrontation.

Asian stocks were mixed Monday afternoon after data revealed Chinese industrial output for August grew at its slowest pace for 17.5 years. Chinese Premier Li Kequiang said it isor more, due it its high starting base and a turbulent international backdrop. Back in Europe, U.K. Prime Minister Boris Johnson on Sunday reiterated that the next few days would be key to securing a Brexit deal as he prepares to meet with European leaders.

Meanwhile in Italy, reports suggested that former Prime Minister Matteo Renzi is planning to break away from the ruling Democratic Party to set up a new centrist movement, complicating the new coalition between the PD and the anti-establishment Five Star Movement .is planning layoffs as part of a cost-cutting effort after U.S. investment firm KKR became its largest shareholder, the German media group's chief executive said in an interview published Sunday by the Sueddeutsche Zeitung.

 

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

Our mission at is to build the social media platform that ends fake news

BuY tHe Dip Green by close! Hurry!

Is Burj Khalifa public? Its stock & others related to it (hotels, etc) should also be declining.

Well, Brace for a down-turn Trump on Monday into Friday! Thanks Jared for all your work in the Middle East

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 ZA

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

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

With rate cut likely, market wonders how low Fed will goWith U.S.-China trade tensions roiling markets, investors are counting on suppor... how low can they go! how low can they go! I love it when the whole stability of an economy is rested on the decision of one entity. So strong. To the basement.
Source: Reuters - 🏆 2. / 97 Read more »

EU finance ministers eye simpler fiscal rulesEuropean Union finance ministers were holding a first discussion on Saturday abo... Dombrovskis would like to implement Latvian success throughout EU. Good luck!
Source: Reuters - 🏆 2. / 97 Read more »

EU finance ministers back push for simpler fiscal rulesEuropean Union finance ministers backed on Saturday a simplification of the EU&... Like they're smart. If they were, the EU would have money that came from itself! Never seen so many white people before, supposedly representing 27 different nations.
Source: Reuters - 🏆 2. / 97 Read more »