Asian shares largely declined on Tuesday after data showed consumer inflation in China cooled more than expected last month, adding to concerns about the health of the world's second-biggest economy. This formed negativity before coming early next week, key data for the growth of Chinese GDP for Q3.
European equities are expected to open to lower Wednesday, following a jittery lead set in Asia overnight and Wall Street yesterday. The sharp deterioration in the economic and business confidence in Germany and the Eurozone in October will continue to deepen the lack of risk appetite on European capital markets. Renewed concerns about the Chinese economy affect most negatively on the shares of luxury goods companies, the auto industry and those of raw materials sector.
News CPI for France, Italy and Spain, unemployment in Britain and Industrial production in the EU could positively affect mood when data exceeding the expected projections because yesterday's weak inflation data from the euro area are a direct problem for the ECB and led bank monetary planning.
G.Hristov / Head of Fundamental Analyzes
25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
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.