Stocks Lower Ahead of Brexit and ECB Risks This Week

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World stocks faltered at six-month highs and U.S. markets were set to dip on Monday as flashpoints including a crucial Brexit summit and a European Central Bank meeting loomed and investors looked ahead to an earnings season that may be disappointing.

Signs of further stimulus from China helped Asian shares touch seven-month highs, but investors’ enthusiasm was fleeting.

MSCI’s world equity index inched up 0.1 percent, at six-month highs while European stocks slipped as weak data from Germany and investor caution ahead of a string of political and monetary policy events held the market back.

Futures for the S&P 500 and Nasdaq eased 0.1 percent, indicating a weaker start on Wall Street.

In a document published on the central government’s website late on Sunday, Beijing said it would step up a policy of targeted cuts to banks’ required reserve ratios to encourage financing for small and medium-sized businesses.

via Reuters

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