European stocks are set to open higher Monday morning, amid escalating concerns of a sharp slowdown in global growth.
The FTSE 100 is seen 8 points higher at 6,838, the CAC is expected to open up around 8.8 points at 4851.9, while the DAX is poised to start 28.5 points higher at 10,880.3, according to IG.
Market focus is largely attuned to concerns surrounding cooling global growth after soft economic data from China and Europe in the last week added further concerns. On Friday, China reported weaker-than-expected retail sales data, growing at its weakest pace since November 2003.
Stocks in Asia mostly traded higher trade on Monday following a report suggesting further turmoil for the markets in 2019.
The Bank of International Settlements (BIS), an umbrella group for the world’s central banks, said on Sunday that recent market tensions are a sign of more turmoil to come. It warned that a normalization of monetary policy is likely to trigger a flurry of sharp sell-offs in the near future.
Meanwhile, sterling hovered near its 20-month low touched last week, concerns that Britain was headed for a chaotic exit from the European Union increased.
European stocks are set to open higher Monday morning, amid escalating concerns of a sharp slowdown in global growth.
The FTSE 100 is seen 8 points higher at 6,838, the CAC is expected to open up around 8.8 points at 4851.9, while the DAX is poised to start 28.5 points higher at 10,880.3, according to IG.
Market focus is largely attuned to concerns surrounding cooling global growth after soft economic data from China and Europe in the last week added further concerns. On Friday, China reported weaker-than-expected retail sales data, growing at its weakest pace since November 2003.
Stocks in Asia mostly traded higher trade on Monday following a report suggesting further turmoil for the markets in 2019.
The Bank of International Settlements (BIS), an umbrella group for the world’s central banks, said on Sunday that recent market tensions are a sign of more turmoil to come. It warned that a normalization of monetary policy is likely to trigger a flurry of sharp sell-offs in the near future.
Meanwhile, sterling hovered near its 20-month low touched last week, concerns that Britain was headed for a chaotic exit from the European Union increased.
Britain has just over 100 days to leave the bloc on March 29 and chances of a no-deal or a chaotic Brexit deal have gone up after strong oppositions to Prime Minister Theresa May’s draft deal.
