European stocks may open on a cautious note Friday, with worries surrounding China's property sector likely to be in focus after China Evergrande Group and Kaisa Group Holdings officially defaulted on their dollar debt.
In another significant development, China's yuan weakened sharply from a 3-1/2-year high against the dollar after the People's Bank of China set a much weaker-than-expected midpoint following a directive the previous day that banks hold more foreign exchange in reserve.
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe NowAlready subscribed? Sign in
For comments and feedback: editorial@rttnews.com