Stocks Stable As Traders Review China’s Stimulus – Asia Market Wrap

As investors assessed the effects of new Chinese stimulus and anticipated this week’s big earnings, European markets and US futures saw minimal movement.

Europe’s Stoxx 600 and S&P 500 futures struggled to gain after tumultuous trading in China, reflecting some traders’ scepticism over Beijing’s recent initiatives to boost growth. The euro fell as investors anticipated a rate decrease by the European Central Bank on Thursday.

During a weekend conference, China’s Finance Minister Lan Fo’an promised more support for the real estate sector but did not provide a headline monetary stimulus figure. Investors now turn their focus to the results of major US banks, including Citi, Goldman Sachs, and Bank of America, which report Tuesday.