Europe Market Open: Sentiment hit as markets await a Israel response; mixed China data factored
16.04.2024
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- The S&P 500 posted its largest two-day decline in more than a year with the index down 2.6% since Friday.
- APAC stocks were lower amid concerns related to a potential 'imminent' response by Israel against Iran, while markets also digested mixed data from China.
- Better-than-expected Chinese GDP for Q1 was negated by disappointing Industrial Production and Retail Sales data.
- European equity futures indicate a negative open with the Euro Stoxx 50 future -1.2% after the cash market closed up 0.6% on Monday.
- DXY has gained a firmer footing on a 106 handle, EUR/USD moved closer to the 106 mark, antipodeans lag.
- Looking ahead, highlights include German Wholesale Price Index, ZEW, UK Jobs, Canadian & NZ CPI, Fed’s Daly, Jefferson, Williams, Barkin, Powell, ECB’s Rehn, BoE’s Bailey, Lombardelli & BoC's Macklem, IMF WEO, Fed Discount Rate Minutes, Supply from Netherlands & UK, Earnings from LVMH, United Health, UAL, Bank of America & Morgan Stanley.
Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
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