Europe Market Open: Futures point to a firmer open, AUD outperforms; Flash PMIs ahead
23/9/2024
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- APAC stocks were mostly positive albeit with gains capped amid a lack of fresh macro drivers.
- Israel Defence Forces said during the weekend that it struck Hezbollah targets in Lebanon; added that strikes would continue and intensify.
- European equity futures are indicative of a positive cash open with the Euro Stoxx 50 future +0.4% after the cash market closed lower by 1.5% on Friday.
- DXY is flat, AUD is the marginal outperformer, JPY the laggard, other majors are contained.
- Looking ahead, highlights include EZ, UK, US PMIs (Flash), Comments from ECB’s Elderson & Cipollone, Fed’s Bostic, Kashkari & Goolsbee, Supply from the EU.
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