Europe Market Open: Mixed APAC trade with yields influencing, Fed's Powell & ECB's Lagarde due
2024-07-02
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- APAC stocks were ultimately mixed amid the backdrop of rising global yields and recent soft US data.
- European equity futures indicate a slightly lower open with Euro Stoxx 50 future -0.2% after the cash market closed higher by 0.7% on Monday.
- DXY is steady and just below the 106 mark, USD/JPY printed another multi-decade high, antipodeans lag.
- Crude futures marginally extended on their best levels in more than two month, Bunds rebounded off the prior day's trough.
- Looking ahead, highlights include EZ Flash HICP, Canadian Manufacturing PMI, US JOLTS, Comments from Fed's Powell, ECB's Lagarde, Schnabel, de Guindos & Elderson, BCB's Neto, Supply from UK & Germany
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