Europe puts rally on pause after recording ninth consecutive week of gains – Markets in a minute

European futures with no defined trend. Asia in red

The main European indices are pointing to an opening without a defined trend, at a time when futures on the Euro Stoxx 50 are practically unchanged.

This week investors should turn their attention to inflation numbers in France, Italy and Spain, as well as the Federal Reserve’s favorite inflation gauge, the PCE indicator, which is released on Friday and allows inflation to be measured from the perspective of consumer spending.

In Asia, trading was mixed, with Japanese and South Korean indices depreciating, after last week’s strong gains, and Chinese markets appreciating.

Investors were focused on the threat of exchange rate interventions by Japanese officials and signs of support for the yuan by Chinese authorities.

In China, attention also focused on statements by Prime Minister Li Qiang, who minimized the risks facing the country’s economy, adding that Beijing would increase economic stimuli to encourage growth and that systemic risks are being addressed .

“Markets in mainland China and Hong Kong are being supported by the possibility of further stimulus to the economy following the Prime Minister’s comments over the weekend, while Japanese markets are preparing for a week in which economic indicators will be known and speeches by political decision-makers are scheduled, which could generate greater uncertainty on the economic and monetary policy front”, IG Markets analyst Hebe Chan explained to Bloomberg.

In China, the Hang Seng, in Hong Kong, lost 0.14% and the Shanghai Composite lost 0.71%. In Japan, the Nikkei fell 1.16% and the Topix fell 1.26%, while in South Korea, the Kospi fell 0.4%.