In a major shift, Syrian Kurds ally with Damascus to work side by side along the northern Syrian border    Egypt raises concerns about Ethiopia's GERD with German, Italian and Chinese envoys    Egypt's foreign minister begins tour of Central, Eastern Europe    US, European visa holders can now avail tourist visas to Saudi Arabia    Tunisians vote for president in test of young democracy    Egyptian parliament's budget committee begins discussing new customs law    Egypt's Sisi, Ethiopian PM to meet in Moscow to discuss GERD issue    Delta Life Assurance's assets rise to 1.23bn Egyptian pounds June-end    IMF positive about Egypt's economic trajectory    Vitamins, omega-3 supplements improve autism symptoms    'Alarming upsurge' in measles has devastating impact, WHO warns    France says suspends weapons sales to Turkey    We achieved our objective in second half: Italy coach after Greece win    Formula One: Mercedes driver Bottas wins Japanese Grand Prix    We were not patient: Spain boss Moreno after Norway draw    Saudi Arabia to launch new logistics zone in Jeddah, open to private investors: Statement    Seven people killed, 15 missing after Japan typhoon    UK Labour's Corbyn unlikely to support deal between PM Johnson, EU    10K fans to attend Egypt's friendly against Botswana in Alexandria: EFA    KaramSolar in talks with 5 banks to secure billion-pound solar plants    Egypt to increase daily oil output to70K in FY2020 – minister    Sisi, Ethiopia's PM agree to overcome obstacles in Nile dam talks    Why vacations are important for health    A brief history of the Cairo Opera House    Egypt reaffirms to US congressional delegation cooperation with Nile basin countries    Austrian Handke and Pole Tokarczuk win Nobel prizes for literature    Egypt's Zamalek president hopes 80,000 supporters attend Generation Foot match    Egypt's PM accuses Ethiopia of backtracking Nile water deals    In Photos: Alexandria Film Festival kicks off 35th edition    Farwell to Egyptian comic actor Talaat Zakaria    Egypt's PM, ministers to address parliament in Ethiopia    Barcelona paid €92 million to players in bonuses last season    Eating fish is linked to better sleep, higher IQ    Sisi stresses importance of technological universities, technical education    Egypt's Rowad Modern Engineering renovates 40% of Manial Palace    Grand Egyptian Museum's construction works 93% complete    Court sentences six to death, 41 to lifetime imprisonment violence related case    Trump says he would release Mideast peace plan after Israeli elections    ACWA Power compares 3 bids to supply production units for Luxor power station    What do you know about gold alloying?    NBE announces EGP 2.5m prizes for handball youth teams for their world achievements    Jennifer Lopez evokes Egyptian outrage post her North Coast performance    Al-Sisi honours Egypt's scholars on Science Day    IS claims responsibility for suicide bombing killing 63 in Afghan wedding    Political parties gear up for parliamentary, senate, local elections    Unprecedented Glory: Egypt win Men's U-19 World Handball Championship    12th National Egyptian Theatre Festival fuel up public theatre art scene    Ministry of Environment has a plan for "black clouds season"    

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European markets to open mixed as recession worries cool
Published in Amwal Al Ghad on 20 - 08 - 2019

European markets are set to open mixed on Tuesday as hopes for monetary policy stimulus temper investor anxiety over an impending recession.
The FTSE 100 is seen around 5 points higher at 7,195, the DAX is set to climb around 7 points to 11,723 and the CAC 40 is expected to open around 3 points lower at 5,369, according to IG data.
Finnish central bank governor Olli Rehn said on Monday that the European Central Bank (ECB) was determined to act if the medium-term inflation outlook continues to miss its target of below but close to 2 percent.
This follows the German finance minster indicating over the weekend that the government is prepared to deploy fiscal stimulus to boost its ailing economy,
Meanwhile, stocks in Asia mostly edged higher Tuesday afternoon as the People's Bank of China published new loan prime rates intended to lower borrowing costs for companies and stimulate the economy.
Investors stateside will be monitoring trade developments after the U.S. extended a reprieve permitting Chinese telecommunications giant Huawei to purchase components from U.S. companies to supply existing companies for 90 days. However, Washington's Bureau of Industry and Security (BIS) also added another 46 Huawei affiliates to its blacklist, a move the tech company called "unjust" and "politically motivated."
U.S. President Donald Trump on Monday also discussed economic ties and increased trade with Indian Prime Minister Narendra Modi.
Back in Europe, Italian politics remains a key focus as the government faces a no-confidence vote after Lega party leader Matteo Salvini pulled the plug on his coalition with the anti-establishment Five Star Movement (M5S).
Reuters reported on Monday that Italy's opposition Democratic Party (PD) has held "good" initial talks with M5S over the prospect of a coalition, citing a PD source.
U.K. Prime Minister Boris Johnson will be in Paris Tuesday to meet with French President Emmanuel Macron as he seeks resolution to Britain's current impasse with the European Union over Brexit.
Source: CNBC

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