Evergrande stocks, data, trade in China halted – .

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France’s structural problems have been exposed by the pandemic – .



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European stocks are expected to open broadly in positive territory on Monday as markets move towards the first full week of trading in October.
The British FTSE index would open 21 points more to 7,040, the German DAX 11 points to 15,137, the French CAC 40 9 points to 6,506, according to IG data.

European markets appear poised to start the month after a difficult September, with concerns about inflation, the Federal Reserve’s cut and rising interest rates dominating sentiment. The 10-year US Treasury yield surpassed 1.56% last week, its highest level since June.

Asian markets were mixed on Monday, as Hong Kong’s Hang Seng index fell more than 2% as trading in China Evergrande shares was halted amid renewed investor concerns over the indebted real estate developer.

The listing of Evergrande Property Services shares was also suspended. No reason was given to justify stopping the exchanges. At the same time, the shares of another Chinese real estate developer Hopson were also suspended.

There are no major profits or data releases on Monday. Events of interest, however, include a meeting of eurozone finance ministers on Monday to discuss issues such as EU stimulus packages, banking union and fiscal policy.
Oil markets will also follow a meeting of OPEC and non-OPEC ministers.

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– CNBC’s Eustance Huang and Maggie Fitzgerald contributed to this market report.

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