Europe Market Open: Negative bias in APAC after the choppy performance stateside; S&P 500 and Nasdaq notched fresh record closes
11/06/2024
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- APAC stocks traded with a negative bias after the choppy performance stateside; S&P 500 and Nasdaq notched fresh record closes.
- Apple closed down 1.9% after its WWDC event failed to ignite enthusiasm; announced an integration of ChatGPT.
- European equity futures indicate a mildly positive open with Euro Stoxx 50 futures up 0.2% after the cash market closed down 0.7% on Monday.
- DXY is holding above the 105 mark, with FX markets broadly contained, EUR/USD remains on a 1.07 handle.
- Looking ahead, highlights include UK Employment Data, US NFIB Business Optimism Index, EIA STEO & OPEC MOMR, Comments from ECB’s Lane & Elderson, Supply from Netherlands & US, Earnings from Oracle.
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