Europe Market Open: APAC stocks positive as China rallies following stimulus boost
25/9/2024
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- APAC stocks were mostly positive as Chinese markets continued to rally following the stimulus boost.
- Australian monthly CPI matched estimates and slowed to a 3-year low, although core inflation remained above the 2%-3% target.
- European equity futures are indicative of a lower cash open with the Euro Stoxx 50 future -0.3% after the cash market closed up by 1.1% on Tuesday.
- USD is broadly flat vs. peers, EUR/USD is eyeing 1.12 to the upside, Cable has pulled back onto a 1.34 handle.
- Israeli Defence Minister Gallant said they have more strikes ready against Hezbollah; added they must continue until they achieve their goal.
- Looking ahead, highlights include US Building Permits, Riksbank & CNB Policy Announcements, Speakers including BoE’s Greene, Riksbank's Thedeen & Fed's Kugler, Supply from UK, Italy, Germany & US.
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