Foreign investors are monitoring stock prices for volatility. On Monday, global stock markets rose as investors looked to this week’s meeting of finance ministers from major economies. If anything is guaranteed it is that nothing is predictable.
According to the Associated Press:
European stocks are higher after a soft survey of business activity across the 19-country eurozone bolstered the case for more central bank stimulus as soon as next month.
Financial information company Markit said its initial estimate of business activity — the so-called purchasing managers’ index — dropped to a 13-month low of 52.7 points in February from 53.6 in January. According to Markit, both manufacturing and the larger services sector recorded declines.
Analysts say the survey adds to the case for the European Central Bank to offer more monetary stimulus as its next meeting, on March 10. The central bank has said it would consider doing more, which could mean another interest rate cut or increasing the size or duration of its bond-buying stimulus program.