index: European shares opened higher on Wednesday, taking a cue from Asia where MSCI's Asian ex-Japan index closed flat following a bounce in China where local media reported authorities were mulling allowing insurance firms to invest in equities, according to Nine News Australia. A pan-European equity index rose 0.6 per cent, after approaching two-year lows on Tuesday, shrugging off poor bank earnings, while MSCI's all-country index hovered just off flat after touching one-year lows. To improve your experience update it here News World World stocks eyeing sixth day in the red9 18pm Oct 24, stocks have marked a sixth straight day of losses as fears about global economic growth kept sentiment fragile, with Wall Street tipped for a weak open and oil prices languishing near two-month lows. Chinese shares closed 0.3 per cent higher. But underlying it all are half a dozen issues that are worrying investors and none of them are going away soon. We've got to accept that in this correction we have had 'on' and 'off' days' - a few days back markets were buoyant on back of an announcement from China on fiscal, monetary and regulatory stimulus, then another day, there are earnings reports that are perceived by investors to be bad, said Andrew Milligan, head of global strategy at Aberdeen Standard Investments.
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