Europe Market Open: APAC followed gains on Wall Street, Chinese stimulus the main driver
27/09/2024
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3:39
- APAC stocks followed suit to the gains on Wall St; Chinese stimulus remained the main driving force overnight.
- Nikkei 225 and USD/JPY upside were seen as dovish LPD candidate Takaichi is said to face Ishiba in Japan's LDP runoff.
- Fed's Cook (voter) said upside risks to inflation have diminished and downside risks to employment have increased.
- European equity futures are indicative of a positive cash open with the Euro Stoxx 50 future +0.3% after the cash market closed higher by 2.4% on Thursday.
- Looking ahead, highlights include French & Spanish CPI, German Unemployment Rate, EZ Sentiment, UoM Sentiment (Final), Speakers including ECB’s Lane & Cipollone, Fed’s Collins, Kugler & Bowman, and Supply from Italy.
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