LONDON: European equity markets nudged down on Tuesday as weak Chinese business surveys dampened appetite for risk, while investors braced for a spate of data on the region's economic health.
The Euro STOXX 600 was off 0.2 percent, with British shares down 0.2 and bourses in Germany and France down 0.1 and 0.4 percent respectively.AdvertisementInflation remains a key issue for euro zone policymakers, said Michael Hewson, chief market analyst at CMC Markets Banks dragged heavily on the STOXX 600. Danske Bank, hit by money-laundering scandals, fell more than 6 percent after lowering its outlook for 2019, while No. 1 euro zone bank Santander also slipped after first-quarter net profit.
Japan's financial markets are closed throughout the week as Japanese Emperor Akihito prepare to abdicate in favor of his elder son, Crown Prince Naruhito. Even marginal growth could squeeze speculators who have been amassing large short positions in the euro, worth a net US$14.8 billion in the week to April 23.
Source: News Formal (newsformal.com)
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