Europe Market Open: APAC stocks in the green, XAU & Copper print ATHs, helicopter carrying Iranian President Raisi crashes
2024-05-20
0:00
5:15
- APAC stocks began the week on the front foot despite last Friday's indecisive performance on Wall St where the major indices traded sideways.
- European equity futures indicate a higher open with Euro Stoxx 50 futures up 0.3% after the cash market closed down 0.2% on Friday.
- A helicopter carrying Iranian President Raisi and Foreign Minister Amir-Abdollahian crashed due to adverse weather conditions with no survivors reported; Iran’s Supreme Leader Khamenei signalled continuity.
- Spot gold printed a record high of around USD 2,440/oz while copper futures extended on gains and benchmark LME prices hit a fresh all-time peak above USD 11,100/t.
- Looking ahead, highlights include comments from BoE’s Broadbent, Fed’s Bostic & Barr, and earnings from Ryanair & Palo Alto Networks.
- Holidays: Whit Monday (Switzerland, Norway, Denmark are closed).
Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
Fler avsnitt från "Newsquawk Rundown, Daily Podcast"
Missa inte ett avsnitt av “Newsquawk Rundown, Daily Podcast” och prenumerera på det i GetPodcast-appen.