European markets are heading for a lower open on Monday as investors survey the deteriorating economic outlook.
The People's Bank of China rolled over its medium-term lending facility loans and kept its interest rate unchanged at 2.75%, according to aThe central bank announced it would keep the one-year rate unchanged for a second month and injected 500 billion yuan through the MLF.
A Reuters poll expected no change to the MLF rate and a partial rollover of loans from the central bank.CNBC Pro: Morgan Stanley's Mike Wilson flags a key risk to earnings — and names the stocks to avoid Morgan Stanley's U.S. equity team, led by Michelle Weaver and Mike Wilson, says there's a key risk to earnings on the horizon.
The investment bank named several stocks it believes will be most impacted in the next 3-6 months, and which could see downside to their share prices in the same period.
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