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A look at the day ahead in European and global markets from Wayne Cole.
It’s been a typically cautious start to the week in Asia, made all the more muted by a holiday in Japan, with Chinese stocks again dragging on regional markets. A drop in Chinese 10-year bond yields to four-year lows says a lot about how investors rate the economy and the need for more stimulus.
European and U.S. stock futures were also in the red, although losses were minor as yet.
Geopolitics has hardly helped, as Israeli strikes against Hezbollah in Lebanon led Washington to warn of a wider conflict in the Middle East.
Attacks on shipping…
