Europe Market Open: APAC stocks in the green, XAU & Copper print ATHs, helicopter carrying Iranian President Raisi crashes
20.5.2024
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5:15
- APAC stocks began the week on the front foot despite last Friday's indecisive performance on Wall St where the major indices traded sideways.
- European equity futures indicate a higher open with Euro Stoxx 50 futures up 0.3% after the cash market closed down 0.2% on Friday.
- A helicopter carrying Iranian President Raisi and Foreign Minister Amir-Abdollahian crashed due to adverse weather conditions with no survivors reported; Iran’s Supreme Leader Khamenei signalled continuity.
- Spot gold printed a record high of around USD 2,440/oz while copper futures extended on gains and benchmark LME prices hit a fresh all-time peak above USD 11,100/t.
- Looking ahead, highlights include comments from BoE’s Broadbent, Fed’s Bostic & Barr, and earnings from Ryanair & Palo Alto Networks.
- Holidays: Whit Monday (Switzerland, Norway, Denmark are closed).
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