EU stocks tremble ahead of weak German Confidence Report

EU stocks

The ZEW German Confidence Report is expected to reach its lowest level since November 2012. Also in the spotlight: the latest industrial production data for August; Inflation data in Spain, Italy, France and the UK.

Also, the VIX “fear gauge” has spiked and oil prices continue to drop. As Barclays reported in its monday comments, US equities registered broad-based losses on Monday, with the S&P 500 dropping below its 200-day moving average while US Treasury yields dipped in Asian trading. US equity futures have turned higher, ahead of key Q3 earnings reports today including JPMorgan, J&J, Wells Fargo, Citi and Intel; Asian stocks generally firmed except in Japan. Gains were led by Australia and Hong Kong, where police cleared barricades from the central business district.

About the Author

The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.

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