European Indices Makes a Firm Start in Hope of Chinese Stimulus

European Indices Makes a Firm Start in Hope of Chinese Stimulus




European indices registered a firm opening In absence of any major triggers and ahead of US market re-open after long weekend
Further stimulus plan by Chinese authorities to avoid GDP crash landing also helped the cause to some extent but, sentiment is expected to be cautious in wake of Spanish problems
Basic resources stocks and Banking stocks made some smart gains in initial trades
Quotes
"Eyes have now turned to China where stimulus by the government is apparently imminent,"
"The market continues to be driven by hope, more than by reality. Staying on the sidelines for a bit seems the right strategy,"
- Lex van Dam, hedge fund manager at Hampstead Capital

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