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Global stocks seen bearish after Munich attack – analysts

Global stocks seen bearish after Munich attack – analysts
worrying sentiments to become deeper after Munich attack - (Photo Credit: Reuters)

Mubasher: A selling tendency is expected to reign global stock markets next week after Munich attack, said analysts.

Investors are likely to start the trading week with caution, sharing a worrying sentiment due to a pattern of escalating violence in Europe, namely following the latest attacks in France as well as Germany, said market analysts Inas Imqdeesh.

In addition, this expected negative performance coincides with economic data that has given an uclear outlook on the economic situation after Brexit.

Likewise, head of economic studies at Amana Capital, Raed Alkhader sees world equity markets giving a mixed a performance during the coming week, considering the central banks' decisions to hold interest rates or to avoid offering new cash facilities as an indicator.