China boost set to fade in Europe
Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com
CHINA BOOST SET TO FADE IN EUROPE
A global rally ignited by a package of monetary stimulus in China looked likely to lose strength in Europe on Wednesday, as investors questioned whether these measures would be enough to address the country's structural economic problems.
EuroSTOXX50 and FTSE futures both declined around 0.5% following a strong close in Europe the day before on gains in miners and other China-exposed sectors such as luxury and autos.
U.S. contracts also edged lower.
In European corporate news, Bloomberg reported the U.S. is investigating companies including German software firm SAP SAPG.DE for potentially conspiring to overcharge government agencies over the course of a decade.
Autos remained in the spotlight, as trade unions and Volkswagen VOWG_p.DE will kick off talks over pay that are likely to determine how aggressively Europe's No.1 automaker pursues layoffs and potential factory closures.
Still in Germany, Bettina Orlopp will take over as CEO of Commerzbank CBKG.DE in the near future, as the bank fends off advances from Italian lender UniCredit CRDI.MI.
In M&A, real estate portal Rightmove RMV.L rejected as too low a sweetened $8.1 billion takeover proposal from Australian property listing firm REA Group REA.AX.
*****
EARLIER ON LIVE MARKETS:
AFTER CHINA'S STIMULUS SUGAR RUSH CLICK HERE
Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
