Europe Market Open: Positive Wall St. handover continues into US CPI
15/5/2024
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- APAC stocks traded mostly higher following the momentum from the US where the Nasdaq posted a fresh record close.
- European equity futures indicate a firmer open with Euro Stoxx 50 futures up 0.2% after the cash market closed flat on Tuesday.
- DXY is sub-105, EUR/USD sits on a 1.08 handle, Cable tested 1.26 and antipodeans outperform.
- Crude futures rebounded from the prior day's losses with prices helped by private sector inventory data.
- Looking ahead, highlights include EZ Employment, US CPI & Retail Sales, Riksbank Minutes, IEA OMR, Comments from Fed’s Kashkari, Supply from UK & Germany, Earnings from Merck, RWE, Thyssenkrupp, Allianz, Commerzbank, JD Sports, Compass, Ubisoft, Telecom Italia & Cisco Systems.
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