Stocks in the European region began the trading week lower as investors focus on the ongoing tension in Ukraine as the crises escalated over the weekend.
The European Euro Stoxx 50 slid 0.39% lower opening at 3,165.62, while the German DAX fell 23% to start at 9,534.04 at the time of writing. At the same time, the French CAC 40 lost 0.24% opening the session at 4,447.57, while markets in the UK were closed for a public holiday.
Economic Estimates
The European Commission will be publishing its spring economic forecasts for the European Union member states later in the day. The European Union executive arm will be releasing its forecasts for the euro region’s gross domestic growth, employment, debt and budget deficits for last year, this year and 2015.
The Eurogroup meeting will begin later in the day in Brussels and will be discussing a string of important topics including the ongoing tension in Ukraine, the inflation and exchange rate developments for the eurozone and more.
Meanwhile, the Portuguese Prime Minister, Pedro Passos Coelho, said that Portugal will end its three-year bailout program without seeking a precautionary credit from the European Union.
Stocks – Asia
Asian stocks were seen falling on Monday as the key Chinese manufacturing gauge contracted for the fourth month in a row, raising concerns that the world’s second largest economy’s slowdown is worsening.
Hong Kong’s Hang Seng index fell 0.98% to 22,043.53 points at the time of writing, while the mainland Chinese benchmark Shanghai Composite slid 0.88% to 2,008.53 points. HSBC’s Purchasing Managers’ Index (PMI) for last month came in at 48.1 from 48.3, coming in lower than analysts forecast of 48.4. Readings below 50 indicates contraction.
Markets in Japan and South Korea were closed on Monday for public holiday.
Australia
In Sydney, the benchmark S&P/ASX 200 index slipped 0.19% lower to 5,447.90 points as of 2.55am GMT. Mining company, Rio Tinto traded 1% higher, while BHP Billiton edged 0.7% higher on Monday.
Investors will be focusing on Tuesday’s cash rate announcement from the Reserve Bank of Australia (RBA), with forecasts that the banks 2.5% benchmark rate to remain unchanged.
Visitwww.hymarkets.com to find out more about our products and start trading today with only $50 using the latest trading technology today
Stocks – Europe
Stocks in the European region began the trading week lower as investors focus on the ongoing tension in Ukraine as the crises escalated over the weekend.
The European Euro Stoxx 50 slid 0.39% lower opening at 3,165.62, while the German DAX fell 23% to start at 9,534.04 at the time of writing. At the same time, the French CAC 40 lost 0.24% opening the session at 4,447.57, while markets in the UK were closed for a public holiday.
Economic Estimates
The European Commission will be publishing its spring economic forecasts for the European Union member states later in the day. The European Union executive arm will be releasing its forecasts for the euro region’s gross domestic growth, employment, debt and budget deficits for last year, this year and 2015.
The Eurogroup meeting will begin later in the day in Brussels and will be discussing a string of important topics including the ongoing tension in Ukraine, the inflation and exchange rate developments for the eurozone and more.
Meanwhile, the Portuguese Prime Minister, Pedro Passos Coelho, said that Portugal will end its three-year bailout program without seeking a precautionary credit from the European Union.
Stocks – Asia
Asian stocks were seen falling on Monday as the key Chinese manufacturing gauge contracted for the fourth month in a row, raising concerns that the world’s second largest economy’s slowdown is worsening.
Hong Kong’s Hang Seng index fell 0.98% to 22,043.53 points at the time of writing, while the mainland Chinese benchmark Shanghai Composite slid 0.88% to 2,008.53 points. HSBC’s Purchasing Managers’ Index (PMI) for last month came in at 48.1 from 48.3, coming in lower than analysts forecast of 48.4. Readings below 50 indicates contraction.
Markets in Japan and South Korea were closed on Monday for public holiday.
Australia
In Sydney, the benchmark S&P/ASX 200 index slipped 0.19% lower to 5,447.90 points as of 2.55am GMT. Mining company, Rio Tinto traded 1% higher, while BHP Billiton edged 0.7% higher on Monday.
Investors will be focusing on Tuesday’s cash rate announcement from the Reserve Bank of Australia (RBA), with forecasts that the banks 2.5% benchmark rate to remain unchanged.
Visit www.hymarkets.com to find out more about our products and start trading today with only $50 using the latest trading technology today
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