European stocks follow Asian losses
The end of the week has brought some more losses to the global markets. Commodities problems across the world show the real bad shape of the global economy, provoking investors to wait for more changes.
After Chinese President Xi Jinping has recently made an official speech about an optimistic financial situation in China, analysts warned the markets about possible problems during the upcoming tightening.
As for the MSCI broadest Asian-Pacific index without Japan, it just extended the previous decline to the 0.8 percent during the Friday trading. According to the experts, it is the lowest numbers since the last days of April.
Meanwhile, according to the spread betters, European shares will likely to follow Asian decrease. They believe that all three main European indexes will start their day with fall from 0.2 percent to the 0.4 percent. Growing concerns about presidential elections right before the last vote weaken the euro.
Analysts see the consistent pattern in the relations between market and commodities. The most related on commodities markets show the biggest losses today. One of the examples is Australian market whose main index went down 0.8 percent.
The stocks of big miners there went down and lost from 2.5 to the 3 percent in price.
The head of researching agency Cliff Tan suggests to take money off the table while the situation with the prices on commodities and the global economy is unstable.
It is the third day of decline for Asian stocks, and it means that this week will be finished with losses.