- Morten Kongshaug, the chief equity strategist at Danske Bank A/S
European stocks tumbled on Wednesday after Japan published wider than expected trade deficit.
The Stoxx Europe 600 Index retreated 1.21 per cent to 269.27. Germany's DAX Index fell 1.01 per cent and France's CAC 40 Index lost 1.47 per cent.
"Everybody's waiting for the September 6 ECB meeting to see if policy makers will deliver on what has so far been a verbal intervention," said Morten Kongshaug, the chief equity strategist at Danske Bank A/S.
"Markets have overreacted to those prospects and we could see a selloff before then. Economic data are far from good as the numbers from Japan showed this morning."
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