European Stocks Stage Rebound
After falling for third consecutive day, Equity markets across Europe
opened higher on Tuesday with major European indices gaining anywhere
between 0.5% to 1.0%.
At the time of publishing this report, both DAX and CAC indices are up by 0.5% while peripheral equity indices FTSE MIB and IBEX 35 are trading with strong gains of over 1.4%. The broader European index, Stoxx 600, which tracks 600 publicly-traded companies in 18 EU countries, has also registered a gain of over 0.5%.
Cautious trade ahead of central bank meetings
Traders, however, remain cautious ahead of the uncertainty over central bank monetary policies and that might weigh on global stock markets in the near-term. Central bank policy meetings would remains prominent theme this week with the Fed expected to leave interest rates unchanged while BoJ expected to ease further. Investors will also look forward to this week's RBNZ policy meeting where possibilities of a rate cut in the near-future might be discussed.
Earlier today, stocks markets across Asia opened lower but pared their early declines by close. The Japanese stocks extend losses for the second straight session with Japan’s Nikkei ending lower by 0.5%. Australia’s S&P/ASX 200 also gave away early gains to close in negative territory with a cut of around 0.3%.