It’s a particularly quiet day ahead on the Eurozone economic calendar. A lack of stats will leave Evergrande chatter and the FED in focus.
World stock markets stabilized on Tuesday and oil prices regained ground a day after heavy selling of risk assets, as investors assessed the level of contagion stemming from distress at developer China Evergrande and awaited central bank meetings. Wall Street's main indexes ended mixed after solid equity advances in Europe. On Monday, safe-haven assets drew bids as investors became risk averse.
World stock markets edged back on Tuesday while the U.S. dollar held relatively steady a day after heavy selling in equities, as investors assessed the level of contagion stemming from the distress of debt-saddled developer China Evergrande. Investors were still focused on the situation at Evergrande, where persistent default fears eclipsed efforts by the debt-laden group's chairman to lift confidence as Beijing showed no sign it would intervene to stem any domino effects across the global economy.