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European markets open mixed amid fragile sentiment; Spain’s socialists win snap election


Monday, 29 April 2019 14:23 WIB

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European stocks opened mixed Monday morning, amid lingering concerns over the outlook for the global economy.

The pan-European Stoxx 600 was flat shortly after the opening bell, with sectors and major bourses pointing in opposite directions.

Market participants eagerly await a meeting of the U.S. Federal Reserve and Chinese factory data for further clues on policy direction in the world’s largest economies.

It comes after the U.S. reported stronger-than-anticipated growth over the first three months of the year. Official data showed gross domestic product (GDP) stood at an annualized rate of 3.2% in the first quarter of 2019, beating analyst expectations.

The Spanish Socialist Workers’ Party (PSOE) won the most seats over the weekend but fell significantly short of a majority needed to form a government alone.

Source : CNBC


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