271
Crypto-related Sites / Re: Libertex was recognized as the best trading application and cryptocurrency broke
« on: October 23, 2018, 11:52:58 AM »
The European Markets Might Recover Somewhat Amid Globally Stronger Investment Environment
In the offing, the European stock indices might continue their growth, as the investment climate has become better globally.
Specifically, the financial scouts watching the European financial markets say that the traders feel upbeat because they anticipate the US-China trade war to be successfully resolved. Investors are now awaiting the meeting between the US President Donald Trump and China’s leader Xi Jinping that is planned to be held on October 29. The way how the China’s stock exchanges reacted was driven by the statements made by the governor of the People’s Bank of China (Xi Jinping). Should the meeting eventually happen, it will become the first rendezvous of the two leaders since the trade spat had exploded.
Furthermore, European investors expect that the Chinese government will offer support to the country’s business sector that is being hurt by the US-China trade contradictions. The governor of the People’s Bank of China has earlier announced to investors that they may remain appeased, as the regulator will undermine the country’s economy amid the current challenges.
On the negative side, the financial scouts are still wary about the Italy’s economic outlook, as the budget crisis faced has never been resolved. The European Commission is concerned about three things regarding the country’s budget, that is, how the national debt, the budget deficit and the economic growth will be managed. According to the EU regulations, a member country’s budget deficit may not be greater than 3% of its GDP. Meanwhile, Italy is the EU’s largest debtor after Greece with its debt-to-GDP ratio at 131.8%.
Another front burner issue for the EU is Brexit. Investors are hopeful that the UK will finally be able to reach the deal. Brussels and London need to work out the final Brexit agreement in November at latest so that the deal could go through the ratification process and become effective by the Brexit cutoff date. Should the withdrawal deal fail to be reached, this is likely to trigger the ‘hard’ Brexit. And that’s what investors actually apprehend.
Ivan Marchena, Libertex Analyst
In the offing, the European stock indices might continue their growth, as the investment climate has become better globally.
Specifically, the financial scouts watching the European financial markets say that the traders feel upbeat because they anticipate the US-China trade war to be successfully resolved. Investors are now awaiting the meeting between the US President Donald Trump and China’s leader Xi Jinping that is planned to be held on October 29. The way how the China’s stock exchanges reacted was driven by the statements made by the governor of the People’s Bank of China (Xi Jinping). Should the meeting eventually happen, it will become the first rendezvous of the two leaders since the trade spat had exploded.
Furthermore, European investors expect that the Chinese government will offer support to the country’s business sector that is being hurt by the US-China trade contradictions. The governor of the People’s Bank of China has earlier announced to investors that they may remain appeased, as the regulator will undermine the country’s economy amid the current challenges.
On the negative side, the financial scouts are still wary about the Italy’s economic outlook, as the budget crisis faced has never been resolved. The European Commission is concerned about three things regarding the country’s budget, that is, how the national debt, the budget deficit and the economic growth will be managed. According to the EU regulations, a member country’s budget deficit may not be greater than 3% of its GDP. Meanwhile, Italy is the EU’s largest debtor after Greece with its debt-to-GDP ratio at 131.8%.
Another front burner issue for the EU is Brexit. Investors are hopeful that the UK will finally be able to reach the deal. Brussels and London need to work out the final Brexit agreement in November at latest so that the deal could go through the ratification process and become effective by the Brexit cutoff date. Should the withdrawal deal fail to be reached, this is likely to trigger the ‘hard’ Brexit. And that’s what investors actually apprehend.
Ivan Marchena, Libertex Analyst