European Stock Markets to Open Cautiously Amid Trade Deal Uncertainties, CPI Releases
Arslan Butt • 1 min read
On Wednesday, European stock markets are expected to have a weaker opening over reigning uncertainties surrounding the US-China trade deal signing, even as violent protests in Hong Kong kept the mood in check during the Asian session. US President Donald Trump spoke about the progress in trade negotiations during his speech at the Economic Club of New York without offering more insight into when the deal could be signed.
Meanwhile, Asian stock markets remained under pressure as clashes between protesters and the police continued to paralyze the city, following bouts of violence. Stock markets in Europe are set to open cautiously as markets wait for cues from the release of CPI data from Germany and the UK.
Any further weakness in inflation in either economies on account of trade tensions, slowdown in global economic growth or Brexit uncertainties will keep stock markets under pressure later today. Stock markets had enjoyed a bit of a bullish rally on Tuesday over ECB policymakers’ calls for more supportive fiscal stimulus and in hopes that Trump would shed light on developments on the trade war front.