Euro Market Open: Overnight sentiment remained strong but Europe is seen lower after a strong close
Punti chiave:
- APAC stocks traded higher across the board as the region sustained the momentum from Wall St where major indices extended their rally (SPX +3.06%, NDX +3.14%).
- European equity futures are indicative of a softer open with the Euro Stoxx 50 future -0.5% after the cash market closed with gains of 4.3% yesterday.
- DXY attempted to nurse some of its recent losses, cable and EUR/USD stalled just ahead of 1.15 and parity respectively.
- The US is reportedly pushing OPEC+ nations not to proceed with an output cut, arguing that economic fundamentals do not support an output cut.
- Looking ahead, highlights include EZ, UK & US Final PMIs, US ISM Services, ADP, OPEC, Speeches from Fed's Bostic & UK PM Truss, Supply from UK & Germany.
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