European Shares Set To Open Lower As China Optimism Fades
European stocks look set to open on a sluggish note Tuesday after markets in the U.S. were shut overnight for the Labour Day holiday.
Asian markets were broadly lower as mainland Chinese and Hong Kong stocks slipped after posting strong gains the previous day on news of China lowering down-payment thresholds for both first-time and second-time homebuyers.
Growth worries returned to the fore after a private-sector survey showed that China's services activity expanded at the slowest pace in eight months in August amid sluggish demand.