Europe Market Open: Futures point to a firmer open, RBA holds while PBoC unveil stimulus
24/09/2024
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3:50
- APAC stocks traded mostly higher following gains on Wall St. and China's various stimulus measures.
- PBoC cut the RRR and 7-day reverse repo rate, whilst also announcing measures for the property sector and stock market.
- RBA kept its Cash Rate Target unchanged at 4.35%, as expected, while it reiterated that it is not ruling anything in or out.
- European equity futures are indicative of a positive cash open with the Euro Stoxx 50 future +0.5% after the cash market closed higher by 0.3% on Monday.
- Looking ahead, highlights include German Ifo, US Richmond Fed Index, NBH Policy Announcement, Speakers including Fed's Bowman & BoC's Macklem, Supply from UK, Germany & US.
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