European stock markets are mostly higher
European stock markets are mostly higher, with the DAX underperforming and up a mere 0.04%, with sharp losses in information technology and utilities dragging the index down. The FTSE 100 meanwhile is up 0.25%, after BoE's Vlieghe flagged the possibility of marked rate cuts in the case of a no-deal Brexit scenario. The Euro-Stoxx 50 lifted 0.21% and U.S. futures are up 0.2-0.3%. Stock markets closed mixed in Asia after a cautious session, with investors holding back ahead of key data out of China that eventually showed a widening in the trade surplus, albeit not because of a rise in exports. Loan growth decelerated and the overall amount fell short of expectations. Lingering trade tensions are moving back into focus especially after a tweet by U.S. President Trump saying China was not living up to promises made on buying agricultural products from the U.S.. Topix and Nikkei closed down -0.15% and up 0.20%, the Hang Seng managed a modest 0.14% gain, while CSI 300 and Shanghai Comp closed 0.62% and 0.44% higher. The ASX underperformed and fell -0.29% as local yields spiked after the RBA signalled that it is not in a rush to move again after cutting rates to record lows.