LONDON: Europe's stock markets pushed higher on Monday as investors bet that gloomy German economic data would help persuade the European Central Bank to continue its"accommodative" monetary policy, dealers said.
Most markets also rose in Asia after a mixed US jobs report eased worries about a recession in the world's top economy - and maintained expectations the Federal Reserve will press on with interest rate cuts. After a string of below-par data last week that highlighted the impact of Donald Trump's trade war on the key manufacturing and services sectors, Friday's much-anticipated non-farm payrolls figures showed unemployment at a 50-year low in September.But the pace of job creation was the slowest in four months, wages fell and the manufacturing workforce also shrank for the second time this year.
Bloomberg News reported that top negotiator Vice Premier Liu He said he would not put on the table reforms to Chinese industrial policy or government subsidies, a key source of anger within the White House.
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Source: The Straits Times - 🏆 8. / 63 Read more »