{"id":16310,"date":"2021-11-22T05:45:41","date_gmt":"2021-11-22T05:45:41","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/11\/22\/european-shares-seen-tad-higher-at-open-6\/"},"modified":"2021-11-22T05:45:41","modified_gmt":"2021-11-22T05:45:41","slug":"european-shares-seen-tad-higher-at-open-6","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/11\/22\/european-shares-seen-tad-higher-at-open-6\/","title":{"rendered":"European Shares Seen Tad Higher At Open"},"content":{"rendered":"
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European stocks are likely to open higher on Monday after China’s central bank indicated possible easing steps to support a slowing economy<\/span>.<\/p>\n

The upside, however, may remain limited as Europe battles a fresh wave of coronavirus<\/span> infections.<\/p>\n

The People’s Bank of China flagged chances of policy easing by making some changes in the wording of the third-quarter monetary policy implementation report.<\/p>\n

Earlier today, China maintained its benchmark loan prime rates for the 19th consecutive month, as widely expected.<\/p>\n

On the Covid-19 front, the World Health Organization has said another 500,000 people in Europe could die of Covid by March next year unless urgent action is taken.<\/p>\n

Austria said it would reintroduce lockdowns and make vaccination mandatory from February.<\/p>\n

Other countries including Germany, Slovakia, the Czech Republic and Belgium are also bringing in measures to fight a worrying jump in new infections.<\/p>\n

Dutch police said Sunday they had arrested 48 people after a second night of violent riots erupted over the government’s coronavirus measures.<\/p>\n

Meanwhile, the U.S. House of Representatives on Friday passed the largest expansion of the social safety net in decades. <\/p>\n

The Build Back Better bill now heads to the Senate, where it’s likely to undergo some changes in order to win the support of divided moderates and liberals. <\/p>\n

Asian markets<\/span> fell broadly while the dollar strengthened after Federal Reserve officials Richard Clarida and Christopher Waller on Friday suggested that a faster pace of stimulus tapering may be appropriate amid a quickening recovery and heated inflation.<\/p>\n

Gold steadied after hitting a two-week low while oil extended declines on the prospect of key consumers adding emergency supplies.<\/p>\n

U.S. stocks ended mixed on Friday amid signs of rising Covid-19 cases in the U.S. and Europe.<\/p>\n

The Dow shed 0.8 percent to extend losses for the third straight session while the S&P 500 slipped 0.1 percent. <\/p>\n

The tech-heavy Nasdaq Composite rose 0.4 percent to reach a new record closing high as bond yields fell.<\/p>\n

European stocks ended Friday’s session in the red as Covid-19 related lockdowns returned to the continent, raising concerns about growth.<\/p>\n

The pan European Stoxx 600 eased 0.3 percent. The German DAX and France’s CAC 40 index both fell around 0.4 percent while the U.K.’s FTSE 100 dipped half a percent. <\/p>\n<\/p>\n

Market Analysis<\/p>\n<\/div>\n