European stocks tipped-off for a negative start on China woes

FXStreet (Mumbai) - European stocks are expected to kick-off this week on a bearish note, tracking the poor performance on China stocks. Towards closing hours, the Chinese benchmark index, the Shanghai Composite is losing -2.75%, while the Shenzhen’s CSI 300 index is down -2.28%. Hong Kong’s Hang Seng is seen recouping sharp losses and tries to regain 20k mark, still down -2.22%.

Meanwhile, Reuters reports that financial bookmakers are seeing FTSE opening down 21-30 points, DAX down 134-155 pts, CAC down 42-54 pts,

Pre-European open, the DAX index futures are trading marginally lower at 9,739 points, the UK’s FTSE futures are higher by 0.38% and the French CAC futures are losing -0.27% to 4,296 points.