European markets opened higher Monday, with regional markets given a boost last week on a firm sign that the recent rate of consumer price rises could be slowing.index was up by 0.2% at the open, with most sectors gaining. Mining stocks were up 0.5% as tech climbed 0.4%.fell to its lowest level since October 2021. It tumbled to 4.3% for the month of September, according to flash data. The European Central Bankjumped at the open of trading after U.S.
"Nevertheless, with Bank Rate not expected to decline significantly in the years ahead, borrowing costs are unlikely to return to the historic lows seen in the aftermath of the pandemic. Instead, it appears more likely that a combination of solid income growth together with modestly lower house prices and mortgage rates will gradually improve affordability over time, with housing market activity remaining fairly subdued in the interim," he said.
Mobius said the Chinese technology giants"could be the foundation of any portfolio" despite recent volatility. They are"still making good profits," he said, despite the"incredible" decline in their share prices over the past three years.