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European equities are expected to open to mixed trade

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European equities are expected to open to mixed trade Monday, bucking the positive trend set in Asia.

The government will convene later this month to discuss the 13th five-year plan and investors seem excited about the prospects of stimulus, noted analysts at the Bank of America Merrill Lynch.

This week will be extremely difficult for the Greek government, which is quick to submit to parliament a bill today to 48 creditors demanded by economic measures reforms.

The drama of refugees continues. Turkey's political tensions rose strongly. While Putin's actions in Syria are increasingly unpredictable.

Investors in Europe will be keeping an eye on shares of miner Glencore on Monday. The company said early Monday it would make an announcement on the proposed sale of some assets in Australia and Chile.

Elsewhere, Swiss bank Credit Suisse could cut up to 2 billion Swiss francs ($2.08 billion) in costs as part of a revamp that new Chief Executive Tidjane Thiam will announce this month, the Schweiz am Sonntag paper reported.

In U.K. news, British lawmakers are to start an inquiry into the costs and benefits of staying in the European Union this week as campaigning gets underway for a referendum on the country's EU membership.

Today is Holiday in Japan, Brazil and Canada.

 

G.Hristov / Head of Fundamental Analyzes


 Varchev Traders
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