Asian markets post soft numbers as oil prices continue to drop. The region indices opened the week in positive territory with the exception of Shanghai, while Brent futures dipped again below $50 following a forecast downgrade by Goldman Sachs. In Europe markets opened the session positively while government bond yields continue their descent as expectations for quantitative easing by the ECB increase. Overall, the heightened uncertainty about the upcoming global outlook is causing large swings in equity markets as reflected by the recent trading sessions.
The lack of major economic data will likely shift investors’ focus on the outlook of the earnings season which will begin today.