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S&P futures are up +0.03%, hinting at a flat open following a strong Thursday session. Following the Fed rate cut, Asian markets ended Friday trading mostly mixed, and European markets are weaker in early trades. China has announced a CNY10T package to refinance local government… https://t.co/0tVHz996Ug
Welcome to all our US followers! - European bourses are entirely in the red, with sentiment hit after China’s NPC press conference disappointed markets; US futures remain flat. - DXY is slightly firmer, with the JPY strong whilst the Antipodeans lag given the lack of fresh…
Happy Friday all! What a week! - APAC stocks were ultimately mixed despite the early momentum following the fresh record levels on Wall St and a bout of rate cuts by major central banks, with gains capped as participants awaited a potential Chinese fiscal stimulus announcement…
Asian equity markets began the trading day on a positive note, buoyed by recent record levels on Wall Street and a series of interest rate cuts by major central banks. The ASX 200 rose by 1.1%, the Nikkei 225 increased by 0.7%, and the KOSPI gained 1.0%. This upward momentum followed a second consecutive interest rate cut by the Federal Reserve, aimed at alleviating economic pressures. However, despite the initial gains, market sentiment was mixed as participants awaited potential fiscal stimulus announcements from China. In contrast, European markets opened lower, influenced by disappointing outcomes from China's National People's Congress press conference. U.S. futures remained flat, reflecting the cautious sentiment in the markets. Additionally, the Chinese government announced a CNY 10 trillion package to refinance local governments, further impacting market dynamics.
