European and global investors are keeping a close watch as Chinese stocks rebound sharply, anticipating crucial details on fiscal stimulus measures from a forthcoming press briefing. These measures are expected to help revive China's economy, fueling optimism across the markets. European stocks, particularly China-linked miners and luxury brands, could experience a slight recovery.
Meanwhile, China's People's Bank has initiated a significant 500 billion yuan facility intended to boost capital markets, despite persistent volatility and investor anxiety. Investors eagerly await China's finance ministry press conference on Saturday, hoping for concrete plans on fiscal stimulus. Analysts warn, however, that unmet high expectations might trigger a market reversal.
In the U.S., inflation data remains a focal point as recent strong jobs figures impact Federal Reserve rate cut expectations.
(With inputs from agencies.).