![Newsquawk Rundown, Daily Podcast podcast](/assets/images/square.png)
Europe Market Open: EUR & OATs outperform with relief over the potential lack of RN majority
1/7/2024
0:00
5:19
- France’s far-right won the first round of the French parliamentary election, according to estimates. However, expectations are mixed over whether they will secure a majority.
- EUR is the best performing currency across the majors and OATS are firmer by circa 16 ticks and CAC 40 future +1.1%, with some citing relief over the potential lack of majority for Le Pen.
- European equity futures indicate a higher open with Euro Stoxx 50 future +1.4% after the first round of the French parliamentary election, while the cash market closed lower by 0.2% on Friday.
- APAC stocks began the new quarter somewhat varied as participants digested key data releases.
- Official Chinese Manufacturing PMI remained in contraction territory, Non-Manufacturing missed estimates, but Caixin Manufacturing PMI topped forecasts to print its highest in three years.
- Looking ahead, highlights include EZ, UK & US Manufacturing Final PMI (June), German Prelim. CPI, US ISM Manufacturing PMI, Comments from ECB’s Lagarde & Fed’s Williams
Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
Otros episodios de "Newsquawk Rundown, Daily Podcast"
No te pierdas ningún episodio de “Newsquawk Rundown, Daily Podcast”. Síguelo en la aplicación gratuita de GetPodcast.