{"id":193494,"date":"2023-09-11T11:39:23","date_gmt":"2023-09-11T11:39:23","guid":{"rendered":"https:\/\/tokenstalk.info\/?p=193494"},"modified":"2023-09-11T11:39:23","modified_gmt":"2023-09-11T11:39:23","slug":"european-shares-set-to-open-lower-as-china-optimism-fades","status":"publish","type":"post","link":"https:\/\/tokenstalk.info\/business\/european-shares-set-to-open-lower-as-china-optimism-fades\/","title":{"rendered":"European Shares Set To Open Lower As China Optimism Fades"},"content":{"rendered":"<p> European stocks look set to open on a sluggish note Tuesday after <span>markets<\/span> in the U.S. were shut overnight for the Labour Day holiday. <\/p>\n<p>Asian markets were broadly lower as mainland Chinese and Hong Kong stocks slipped after posting strong gains the previous day on news of China lowering down-payment thresholds for both first-time and second-time homebuyers. <\/p>\n<p>Growth worries returned to the fore after a private-sector survey showed that China&#8217;s services activity expanded at the slowest pace in eight months in August amid sluggish demand. <\/p>\n<p>Elsewhere, South Korea&#8217;s headline inflation accelerated at a faster-than-expected pace in August, keeping the door open for potential rate hikes. <\/p>\n<p>The Reserve Bank of Australia held rates steady for a third month but flagged more increases. <\/p>\n<p>In a speech in London on Monday, European Central Bank President Christine Lagarde avoided giving an indication of whether the central bank will raise or hold interest rates next week.<\/p>\n<p>The dollar and Treasury yields were steady in Asian trade amid a dearth of important news. <\/p>\n<p>Gold struggled for direction while oil prices held near nine-month highs on expectations of an extension in supply cuts into October. <\/p>\n<p>Final Purchasing Managers&#8217; survey results from the euro area and the U.K. are the top economic news due later in the day. <\/p>\n<p>European stocks closed lower on Monday, giving up early gains on China stimulus optimism and hopes of Fed rate pause. The pan European STOXX 600 ended flat with a negative bias.<\/p>\n<p>The German DAX edged down marginally, while France&#8217;s CAC 40 and the U.K.&#8217;s FTSE 100 both eased around 0.2 percent. <\/p>\n<p>Source: <a href=\"https:\/\/www.rttnews.com\/3388001\/european-shares-set-to-open-lower-as-china-optimism-fades.aspx?type=ts\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>European stocks look set to open on a sluggish note Tuesday after markets in the&#8230;<\/p>\n","protected":false},"author":4,"featured_media":193493,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28129],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>European Shares Set To Open Lower As China Optimism Fades - Tokens Talk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tokenstalk.info\/business\/european-shares-set-to-open-lower-as-china-optimism-fades\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"European Shares Set To Open Lower As China Optimism Fades - 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