European and Global Markets Overview- Wayne Cole

Despite high expectations, China’s market comeback post-holiday has been rather subdued, with stocks showing only modest gains thus far.

While tourism revenues surged by 47% during the Lunar New Year holiday, fueled by over 61 million rail trips, the comparison is skewed by a notably weak season last year. China’s central bank opted against another rate cut on Sunday, a move that may ease downward pressure on the yuan.

However, amidst looming deflation concerns, investors remain watchful for signals of sustained market momentum and potential policy adjustments.

Source: Reuters