Morning Bid: China fails to cheer, as France scores own goal

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Morning Bid: China fails to cheer, as France scores own goal
Global MarketsPolitical UncertaintyEuropean Central Bank
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A muted start to the week in Asia with Chinese data too mixed to provide much momentum as political uncertainty in Europe lurks in the background. The...

A muted start to the week in Asia with Chinese data too mixed to provide much momentum as political uncertainty in Europe lurks in the background.

The People's Bank of China kept its one-year rate unchanged, dashing some speculation of a cut following surprisingly soft bank lending data. China's official Financial News on Monday reported there was still room to lower rates, but there were internal and external constraints on policy.EUROSTOXX 50 futures did bounce 0.5% after last week's drubbing, but the fallout of the snap French election kept the euro pinned at $1.0700.

The pressure was also acute against the safe-haven Swiss franc, where the euro was just off a four-month low at 0.9528 francs. ‘I’m counting on this income’: Single mom in NC faces squatter nightmare after Airbnb guests refuse to leaveThe Bank of Nova Scotia has announced that it will pay a dividend of CA$1.06 per share on the 29th of July...

Stocks are in a sweet spot but bears still fear a bubble is near bursting. Here's what 5 forecasters are saying about a potential crash.

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