European Stocks were seen starting the week mixed as investors’ worries over the expected decision from the US policymakers, whom are expected to decide if any military attack in Syria will be taken or not.
The European Euro Stoxx 50 edged 0.04% lower to 2,802.24 at the time of writing, while the German DAX advanced 0.11% to 8,284.65. The French CAC 40 dipped 0.18% to 4,041.99 and the British FTSE 100 dropped 0.19% to 6,535.42.
The US congress is expected to decide on whether the US will take on any military action against Syria by Tuesday, as the President Barack Obama is expected to talk more on his call for intervention in Syria with major US television stations later on Monday. Obama is scheduled to hold a televised speech on Tuesday.
According to Yves Mersch, Executive board member of the European Central Bank, a second debt haircut for Greek was not necessary.
In an interview for Presse am Sonntag , Mersch said that he “can’t prevent anyone from starting speculative rumors, but at the moment we have a program in which [another debt haircut] is not envisaged and isn’t necessary, either.”
He also stated that it would still take some time before Europe beat the crises, regardless of the positive macroeconomic data’s released during the summer.
Mr Mersch also added that Europe was not facing any danger in inflation at the present.
France gross domestic product (GDP) advanced in the third quarter, compared the previous forecasted rise of 0.1%, estimated by the Bank of France (BoF).
The Bank of France is predicting the business and services climate indicators in France to pick up in August, reaching 97 and 93 points respectively.
Gains were seen during the Asian trading session, assisted by the positive news over the weekend and the upbeat data released on Monday. As stocks in Japan advanced the most after the country’s economy showed a rise in growth in the second quarter, along with the news that Tokyo would host the 2020 Olympics games.
While in China, the consumer prices edged up 2.6% higher in August, while the wholesale price deflation eased at 1.6% in August.
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