European equities are expected to open lower with refraining from risk

27.10.2015 / 08:30

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European equities are expected to open lower Tuesday amid weak China data and a decline in oil prices.European stocks are set to follow the negative lead set in Asia overnight. Asian stocks declined on Tuesday, giving up the previous day's gains, amid weak commodity prices and negative industrial profits data from the world's second-largest economy, China.

Up to 08:20h: Nikkei 225 Index = -0.90%; S&P/ASX 200 = -0.03%; Hang Seng Index = -0.26%.

Yesterday the Central Bank of Germany noted in its monthly report that industrial production has weakened, but the basic trends remain stable. Real household income, according to the Bundesbank, have increased, mainly due to the sharp drop in energy costs. Germany reduced its forecast for economic growth for 2015, blaming economic slowdown in China and all emerging markets generally.

Investors keep an eye on Fed, China, oil and BOJ and traders refrain from risky positions. Earnings come from BP, MAN SE, BASF and Mediobanca and U.K. preliminary third quarter GDP is due.

G.Hristov / Head of Fundamental Analyzes

Varchev Traders

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European equities are expected to open lower with refraining from risk

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