A look at the day ahead in European and global markets from Stella Qiu
Their results will have to be good enough to justify the S&P 500's earning multiple of 20 times and its gains of 19% year-to-date.，which meets on Friday，is leaning towards keeping its yield control policy unchanged so that policymakers can scrutinise more data to ensure wages and inflation keep rising, sources told Reuters.
That report sent the yen to a two-week low of 141.95 per dollar on Friday but the currency regained some composure in Asia as the new week began, steadying at 141.36 per dollar. Manufacturing activity in Japan extended declines in July while growth in the service sector slowed, surveys showed on Monday, a sign that global demand remains week and is weighing on Japanese businesses.
For those looking for major stimulus from China's politburo meeting, which is expected to come on Friday, they risk disappointment again after months of anticipation. Piecemeal support measures from the government's various agencies in recent days to prop up
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