Europe looks red on the day of economic forecasts. negative asia
Major European markets point to the start of trading in the negative zone for the fourth day in a row, while fears remain about the continuation of restrictive monetary policy, while Russia is stepping up its attacks against Ukraine, namely Kyiv.
Euro Stoxx 50 futures down 0.4%
On Tuesday, investors will analyze the “World Economic Outlook” and “Financial Stability Report” of the International Monetary Fund (IMF).
In Asia, trading was equally unprofitable, especially in the semiconductor sector, especially on exchanges in Taiwan, South Korea and Japan.
In China, talks have lost momentum they were gaining after second state media supported China’s zero-coronavirus policy, while investors expected the measures to be eased at the party convention.
“Low volume, high volatility and uncertainty, and bearish global sentiment mean investors will overreact to any negative news,” APAC analyst Olivier d’Assier told Bloomberg.
In Japan, the Topix fell 1.6% and the Nikkei fell 2.4%. In South Korea, Kospi fell 2.1%. In China, Hang Seng technology lost 1.3%, while in Shanghai it gained 0.053%.
