European stock markets opened flat to marginally higher on Monday as a Deutsche ...
- European stock markets opened flat to marginally higher on Monday as a Deutsche Bank and HSBC-led rise in banking shares offset a fall in airlines following a profit warning from Germany’s Lufthansa.
Asia-focused Standard Chartered and HSBC also rose about 1%, tracking a rise in Asian markets after Hong Kong’s leader Carrie Lam climbed down on the extradition bill at the center of a week of protests in the city. “Lufthansa signaling a weak outlook is hitting all these bigger carriers and that’s definitely one negative element this morning,” said Chris Beauchamp, chief market analyst at IG.
“Overall there is positivity in markets that we might see a bit more dovish Fed this week. Though we probably will not see any action from the Fed, the commentary could be more dovish,” Beauchamp said.
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