The@Newsquawk Europe Market Open: China’s NDRC press conference met with disappointment

October 8, 2024
-Chinese Yuan, Euro, FCHFX

October 08, 2024 at 07:51AM
The Newsquawk Europe Market Open: China’s NDRC press conference met with disappointment, several Fed speakers due

FULL NOTE

APAC stocks were ultimately mixed after the negative lead from Wall St; China’s NDRC press conference was met with disappointment.

European equity futures are indicative of a negative cash open with the Euro Stoxx 50 future -0.8% after the cash market closed higher by 0.3% on Monday.

DXY is steady on a 102 handle, EUR/USD remains sub-1.10, USD/JPY sits just above the 148 mark.

New York Times cited officials that stated Israel is likely to target Iranian military bases and possible intelligence sites.

Looking ahead, include German Industrial Output, US NFIB Business Optimism Index, RCM/TIPP Economic Optimism, International Trade, EIA STEO, ECB’s Schnabel, BoE’s Breeden, Fed’s Kugler, Bostic & Collins, Supply from Netherlands, UK, Germany & US.

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

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