Europe Market Open: APAC stocks steady, European equity futures softer & JPY outperforms pre-Fed
9/18/2024
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4:20
- APAC stocks were mostly rangebound with participants lacking conviction heading into the crucial Fed policy decision.
- European equity futures are indicative of a softer cash open with the Euro Stoxx 50 future -0.2% after the cash market closed higher by 0.7% on Tuesday.
- DXY is lingering below the 101 mark, JPY is the clear outperformer across the majors with FX otherwise contained.
- Market pricing assigns a 65% chance of a 50bps Fed cut and a 35% possibility of a 25bps move, according to Refinitiv.
- Looking ahead, highlights include UK CPI, EZ HICP (Final), US Building Permits, FOMC Policy Announcement & Press Conference, BCB Policy Announcement, BoC Minutes, Supply from UK & Germany
Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
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