Few economic statistics have gone as quickly from obscurity to the center of attention from international financial markets lately as China”s foreign currency reserves, widely seen as the best barometer of how long China can avoid a possible devaluation someday of its own currency.
European shares fell on Monday, unable to maintain the momentum that took Asian equities to two-month highs, as investors said a rebound in stocks seemed tired and looked ahead to a European Central Bank meeting expected to deliver more stimulus.
Brent crude hit a three-month high on Monday, extending gains that have lifted crude benchmarks by more than a third from this year’s lows on an improving global outlook and stronger sentiment for a market recovery.
Next Trading Day’s Important Events
- 13:00 (GMT+3) EU GDP
- USDJPY: 113.47
- EURUSD: 1.0963
- S&P 500: 1,999.99
- NASDAQ : 4,717.0