European stocks are set to open mixed on Tuesday as investors digest a cooling of recession fears and rising hopes of monetary policy stimulus from central banks.
Finnish central bank governor Olli Rehn said on Monday that the European Central Bank was determined to act if the medium-term inflation outlook continues to miss its target of below but close to 2%.
This follows the German finance minster indicating over the weekend that the government is prepared to deploy fiscal stimulus to boost its ailing economy,People's Bank of China published new loan prime ratesInvestors stateside will be monitoring trade developments after the U.S. extended a reprieve permitting Chinese telecommunications giant Huawei to purchase components from U.S. companies to supply existing companies for 90 days.
Back in Europe, Italian politics remains a key focus as the government faces a no-confidence vote after Lega party leader Matteo SalviniReuters reported on Monday that Italy's opposition Democratic Party has held "good" initial talks with M5S over the prospect of a coalition, citing a PD source.as he seeks resolution to Britain's current impasse with the European Union over Brexit.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dow rallies more than 200 points as Wall Street continues rebound from August sell-offAll 3 major U.S. indices climbed today as Treasury yields rebounded, quelling fears of a looming recession. Equities also got a boost after the U.S. agreed to temporarily soften policy against Huawei. The Dow rose 0.96% as the S&P jumped 1.21%.
Read more »
White House economic adviser: ‘I sure don’t see a recession’White House economic adviser Larry Kudlow dismissed fears about a possible recession after a roller-coaster week for stocks.
Read more »
Panicked White House Insists a Recession Can’t Happen Under TrumpTrump’s top advisers, led by a never right Larry Kudlow, believe recession fears are wildly overblown
Read more »
President Trump dismisses fears of US economic recessionPres. Trump and his top advisers continue to dismiss talk that the U.S. economy is showing signs that it could be headed for a recession amid his trade war with China.
Read more »
Tilman Fertitta, owner of everything from restaurants to casinos, is turning 'very conservative' because of recession fearsTilman Fertitta told CNBC on Monday that he is doing things in a 'very conservative way' amid fears of a recession.
Read more »
Trump economic adviser plays down fears of looming recessionBERKELEY HEIGHTS, N.J. (AP) — President Donald Trump's top economic adviser is playing down fears of a looming recession after last week's sharp drop in the financial markets and predicting the...
Read more »