Europe seen mixed; China in focus

26.10.2015 / 08:50

Rating:

European equities are expected to open mixed Monday as investors look to China where the country's central bank made a surprise rate cut Friday. (one-year deposit rate by 25 BP to a level of 1.50% and one-year lending rate by 25 BP to 4.35%; 50 new BP (to 17.5%) required minimum reserve requirements)

European stocks look set to kick off the trading week with a cautious tone but Asian stocks extended their rally on Monday after another rate cut in China fueled risk appetite. Stocks had already been given a boost by hints of further stimulus from the European Central Bank (ECB) last week. Greece's creditors are in Athens to assess the progress of reforms. Greece reiterated that it will fulfill its obligations under the third international rescue program, but the government will not tolerate the idea of mass foreclosures on mortgages. French president backs call for Greek debt relief.

Earnings come from Peugeot, AXA, Philips and WPP on Monday and Germany's Ifo institute releases its survey of current business conditions in the country.

Varchev Traders

RECCOMEND WAS THIS POST USEFUL FOR YOU?
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.

WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.

Varchev Finance

Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.

Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006

The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Disclaimer:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Europe seen mixed; China in focus

London

Universal numbers