The @NewsquawkEurope Market Open – APAC stocks began on front foot. Eyes on geopolitics

October 7, 2024
-Euro, FCHFX

October 07, 2024 at 07:36AM
The Newsquawk Europe Market Open: APAC stocks began on the front foot following last Friday’s gains on Wall Street; eyes remain on geopolitics

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APAC stocks began the week on the front foot following last Friday’s gains on Wall St owing to the blockbuster jobs report.

European equity futures are indicative of a positive cash open with Euro Stoxx 50 futures +0.3% after the cash market closed higher by 0.7% on Friday.

DXY has held onto most of Friday’s post-NFP gains, EUR/USD is on a 1.09 handle, USD/JPY briefly traded above the 149 mark overnight.

Israel continued its wave of airstrikes on Lebanon on Sunday in what was the heaviest 24 hours of bombing since it stepped up its campaign against Hezbollah, FT

Looking ahead, highlights include German Industrial Orders, EZ Sentix Index & Retail Sales, US Employment Trends & Consumer Credit, Speakers including ECB’s Cipollone, Lane & Escriva, Fed’s Kashkari, Bostic & Musalem.

This article was written by Ryan Paisey at www.forexlive.com.

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