World stocks faltered at six-month highs and U.S. markets were set to dip on Monday as flashpoints including a crucial Brexit summit and a European Central Bank meeting loomed and investors looked ahead to an earnings season that may be disappointing.
Signs of further stimulus from China helped Asian shares touch seven-month highs, but investors’ enthusiasm was fleeting.
MSCI’s world equity index inched up 0.1 percent, at six-month highs while European stocks slipped as weak data from Germany and investor caution ahead of a string of political and monetary policy events held the market back.
Futures for the S&P 500 and Nasdaq eased 0.1 percent, indicating a weaker start on Wall Street.
In a document published on the central government’s website late on Sunday, Beijing said it would step up a policy of targeted cuts to banks’ required reserve ratios to encourage financing for small and medium-sized businesses.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.