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%.
