European stocks mixed as Germany sees surprise uptick in export growth

Elevated hopes of stimulus by the European Central Bank later this week helped bolster sentiment.

Sep 09, 2019 10:09 IST India Infoline News Service

European Central Bank, ECB

Asian markets on Monday ended mixed with the Shanghai Composite gaining 0.84% and the Nikkei 225 up 0.56%. The Hang Seng was off 0.04%.

European stocks, meanwhile, rose around one-month highs as upbeat export data from Germany poured in. Elevated hopes of stimulus by the European Central Bank later this week also lifted stocks.

European markets are trading mixed currently. The DAX is higher by 0.19%, the FTSE 100 is lower by 0.28% and the CAC is down 0.05%.

Investor sentiment was supported by geopolitical developments last week and news of the imminent US-China trade talks.

Markets, world over, expect global central banks to ease policy with China saying it would reduce the amount of cash that banks must hold as reserves.

Meanwhile, US Federal Reserve Chairman Jerome Powell said that the Fed would continue to “act as appropriate” to ensure expansion of the world's largest economy.

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