European stock markets hovered at one-month highs on Monday after data showed a ...
- European stock markets hovered at one-month highs on Monday after data showed a surprise rise in German exports and on firmer expectations of a new wave of stimulus by the European Central Bank later this week.
The pan-European STOXX 600 index opened higher but was down 0.1% as losses in the airlines and commodities sectors outweighed gains in oil and auto stocks. The latest data follow a streak of underwhelming ones that has fueled concerns that Europe’s biggest economy could tip into recession in the July-September quarter.
With euro zone inflation well below target, market participants are betting that the ECB will cut its rate on bank overnight deposits, its primary interest rate tool, for the first time since 2016 when it meets on Thursday.
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