European Market Open: S&P & Dow hit record highs; BoJ holds rates and European futures point to a softer open
20.9.2024
0:00
4:03
- APAC stocks mostly gained following the rally stateside where the S&P 500 and the Dow surged to fresh record highs as the dust settled after the Fed over-delivered in its first rate cut in four years and US data topped forecasts.
- BoJ kept its short-term policy rate unchanged at 0.25%, as expected with the decision made by unanimous vote, with no fireworks; USD/JPY was choppy before heading marginally lower, and 10-year JGBs were eventually subdued.
- PBoC maintained LPRs at their current levels as expected; Hang Seng and Shanghai Comp were mixed whilst the Yuan was firmer overnight despite reports of Chinese major state-owned banks seen buying dollars.
- European equity futures are indicative of a softer cash open with the Euro Stoxx 50 future -0.4% after the cash market closed higher by 2.2% on Thursday.
- Looking ahead, highlights include UK Retail Sales, Canadian Producer Prices, Retail Sales, EZ Consumer Confidence, Quad Witching, Comments from Norges Bank's Longva & Bache, BoE’s Mann, BoC’s Macklem, ECB’s Lagarde, Fed’s Harker & Bowman.
Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
Flere episoder fra "Newsquawk Rundown, Daily Podcast"
Gå ikke glip af nogen episoder af “Newsquawk Rundown, Daily Podcast” - abonnér på podcasten med gratisapp GetPodcast.