European Stock Markets to Open Cautiously Amid Trade Deal Uncertainties, CPI Releases

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.

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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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