European markets are heading for a mixed open as investors continue to monitor news from China over Covid restrictions.
There has been some speculation that some kind of change to China's zero-Covid policy could be announced given growing unrest over continuing lockdowns.China likely won't make sudden changes to its Covid policy: National University of Singapore
The Chinese government is unlikely to make sudden changes to its zero-Covid policy as that will bring chaos, National University of Singapore Professor Wang Gungwu said on CNBC's"If you change the policy suddenly, I think the damage and the consequences would be even worse — it'd be really chaotic because I think the spread of Covid will be absolutely unprecedented," said Wang.
He added that he expects Chinese leader Xi Jinping to make adjustments on more local levels to ease public dissent. Wang said Xi doesn't want to officially admit the "policy has been wrong for quite a while," but also cannot change it immediately.Oil prices climbed ahead of a press conference which will be held by China's State Council, as investors continue to monitor developments – paring some losses seen on Monday, when it reached the lowest levels in almost a year.
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