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European stocks start trading positively

Despite the negative sentiment surrounding Chinese real estate giant China Evergrande, European equities are expected to open positively. However, the gain can be limited as follows: market Globally, we wait for the central bank to take action during the week on stimulus and easing interest rate trajectories.

The US benchmark weakened overnight as China’s Evergrande blunder exacerbated imminent monetary stimulus tapering and fears of monetary tightening expected to be announced on 22 September. One week and fear of transmission, given that offshore bond exposures have been added to risk aversion. The Nasdaq-100 index fell 2.10 percent to close at 15,012.19, while the Dow Jones Industrial Average fell 614 points (1.78 percent) to close at 33,970.47.

On Monday, the Red Sea fell on major European stock exchanges as systemic risk, default, and transmission became issues in the context of the impending debt crisis at the Hong Kong-listed Evergrande Group in China. stood. Germany’s DAX-30 fell nearly 2.9%, showing the worst performance. France’s CAC-40 lost 1.74 percent. The Pan-European STOXX 600 fell 1.67%. The Swiss SMI 20 has been revised by 1.42 percent. The UK FTSE 100 fell 0.86%.

The dollar index is currently 93.19 against 93.28 on Monday. The EURUSD pair is hovering close to 1.1731, compared to the previous closing price of 1.1725. The GBPUSD pair is 1.3670 compared to the previous closing price of 1.3657.

Gold futures contracts settled in December traded at $ 1761.60 per troy ounce, about 0.12 percent lower than the previous closing price.

WTI crude for November settlement is trading at $ 70.80, up 0.94 percent from the previous closing price. Brent crude for November settlement was trading at $ 74.50, up 0.78 percent from the previous closing price. This rise is due to tight supply from the United States.

US Nasdaq 100 stock futures are currently in a modest positive territory with a 0.49% rise. Dow Jones futures are also currently trading up 0.65%.

The Asian market is trading differently on Tuesday morning. Japan’s Nikkei 225 is down 1.77%. Hong Kong’s Hang Seng Index is down 0.48 percent and New Zealand’s NZX 50 is down 0.15 percent. South Korea’s Kospi is up 0.33% and Australia’s ASX 200 is up 0.31%. China’s Shanghai Composite Index is on the rise by 0.19%. And India’s Sensex is up 0.03 percent.

Revenue renewal scheduled today from London-based home refurbishment products jobs Kingfisher plc, Orpea SA, a retirement home provider based in France. Learning Technologies Group plc is a UK-based company that provides learning and human resources software. UK-based Kape Technologies PLC develops and distributes digital products, including in online security spaces.

Switzerland’s trade balance in August is due today. Analysts expect it to shrink from CHF 4.1 billion last month to CHF 3.6 billion. The Office for National Statistics will announce net public sector borrowings in August. Borrowings are expected to increase from £ 10.4m in July to £ 14.2m. The Confederation of British Industry’s purchase order balance for September, scheduled to be announced today, is projected to be 15 compared to 18 in August.

However, the market will be worried about the Federal Reserve Board’s interest rate decision on September 22 and the Bank of England’s interest rate decision on September 23.

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European stocks start trading positively

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