Europe Market Open: APAC stocks pressured after a choppy handover, MU beat but fell afterhours
6/27/2024
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- APAC stocks were negative amid this week's choppy tech performance with headwinds from higher yields.
- Fed Bank Stress Tests showed all banks passed, which paves the way for higher payouts.
- European equity futures indicate a lower open with Euro Stoxx 50 future -0.2% after the cash market closed lower by 0.4% on Wednesday.
- DXY pulled back below the 106 mark, USD/JPY remains above 160 and EUR/USD is stuck on a 1.06 handle.
- Looking ahead, highlights include EZ Consumer Confidence (Final), US IJC, Durable Goods, GDP & PCE Q1 (Final), Riksbank & Banxico Policy Announcements, Biden-Trump debate, Comments from RBA's Hauser & ECB's Elderson, Supply from Italy & US.
Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
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