Europe Market Open: APAC stocks hampered by soft Chinese data ahead of a slew of ECB speakers
6/17/2024
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7:10
- US stocks were mixed and the major indices finished off their worst levels seen early in the session alongside the broad risk-averse conditions
- APAC stocks were mostly negative as markets reflected on the latest soft Chinese data releases; European futures point to a firmer open
- DXY steady around 105.50, EUR/USD directionless & Cable below 1.27
- EGBs eased back from Friday's marked rally; ECB sources report they are in no rush to discuss any French bond rescue
- Crude lacklustre with metals on the back foot after Chinese data
- Israel's military said it will hold a tactical pause of military activity for humanitarian purposes in some areas between 06:00BST-17:00BST daily
- Looking ahead, highlights include Italian CPI, EZ Labour Costs, US NY Fed Manufacturing, Comments from ECB’s Lagarde, Lane, de Guindos & Cipollone, Fed’s Williams, Harker & Cook, Supply from Belgium, Earnings from Lennar.
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