Markets in Europe are expected to open on a weak note on Monday as world markets fret about the monetary policy outlook. Major central bankers are congregating in Jackson Hole, Wyoming later in the week to deliberate on monetary policy. Credit risk concerns from China and the less-than-expected policy support from Beijing are also expected to weigh on markets.
Wall Street had closed on a weak note on Friday, as rate hike worries and credit risks from China dampened sentiment. The Nasdaq Composite dropped 0.20 percent to close at 13,290.78 whereas the Dow Jones Industrial Average edged up 0.07 percent to finish trading at 34,500.66.
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