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LIVE MARKETS-Grim mood in Europe after Hong Kong chaos hits Asia

Mon, 11th Nov 2019 06:40

Welcome to the home for real-time coverage of European equity markets brought to you by Reuters
stocks reporters and anchored today by Julien Ponthus. Reach him on Messenger to share your
thoughts on market moves: julien.ponthus.thomsonreuters.com@reuters.net

GRIM MOOD IN EUROPE AFTER HONG KONG CHAOS HITS ASIA (0639 GMT)

European bourses are expected to open in negative territory this morning after unrest in
Hong Kong triggered a sell-off in Chinese bourses and hit Asian markets bourses.

There isn't much visibility on the trade war from and it's likely investors would want to
get a fresh update on U.S./China negotiations before taking strong directional bets.

In Europe the UK will be under the spotlight as a big batch of indicators, including GDP, is
about to be published in the wake of Moody's cutting its outlook for British debt on Friday.

Spain's Sunday election seems to have been quite inconclusive so no reason really for the
IBEx to shine, particularly with far-right Vox party more than doubling its number of MPs.

The Q3 earnings season isn't over but it's a slow day, more action to come for Europe Inc
later this week.

Financial spreadbetters expect London's FTSE to open 3 points lower, Frankfurt's DAX to lose
15 points and Paris' CAC to shed 8 points.

(Julien Ponthus)

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(Reporting by Danilo Masoni, Joice Alves, Julien Ponthus and Thyagaraju Adinarayan)

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