European equities are expected to open strongly on Thursday following the FOMC’s current interest rate situation and the announcement of easing asset purchases subject to progress towards employment and price stability goals. The Federal Reserve Board repeated its accommodative financial stance on Wednesday, acknowledging the temporary nature of high inflation and its virus-dependent course. Economy.. After the FOMC results, the focus in Europe could shift to numerous data releases, BOE policy reviews, energy crises and more.
Overnight, Wall Street soared after the Fed’s long-awaited policy announcement. The Nasdaq-100 index rose 0.99% to close at 15,176.51, while the Dow Jones Industrial Average rose another 1.00% to close at 34,258.32.
Europeans on wednesday market Recovered wisely prior to the results of the FOMC policy. The UK’s FTSE 100 showed the best performance, up 1.47%, with peers like France’s CAC-40 up 1.29%, Germany’s DAX up 1.15% and the Pan-European Stoxx 600 up 0.99%. I did. Switzerland’s SMI20 rose by only 0.41%.
The dollar index retreated from Thursday’s closing price of 93.46 to 93.35 due to the lack of a positive tapering timeline by the Fed. At the same time, the EURUSD pair increased from the previous closing price of 1.1686 to 1.1710, and the GBPUSD pair increased from the previous closing price of 1.3625 to 1.3647.
Gold futures settled in December traded at $ 1763.35 per troy ounce, about 0.70 percent below the previous closing price of $ 1778.80, reflecting potential interest rate hardening scenarios diminishing interest in yellow metal. It has become.
WTI crude oil settled in November was trading at $ 72.36, up 0.18% from the previous closing price, while Brent crude oil settled in November was trading at $ 76.38, up 0.25% from the previous closing price. .. Soaring oil prices are due to rising oil demand, declining supply after two hurricanes in the United States, and risk appetite after the Evergrande scenario mitigation.
American stock futures are in a positive territory. Nasdaq 100 futures have shown a 0.21% rise, while Dow Jones futures are currently trading at a 0.31% rise.
Thursday’s Asian market is trading primarily in positive areas. Australia’s S & P ASX 200 is 1.15% higher. India’s BSE Sensex is up 1.06 percent. Hong Kong’s Hang Seng Index is 0.84 percent higher. New Zealand’s NZX50 is up 0.68 percent. China’s Shanghai Composite Index is up 0.41%. Meanwhile, South Korea’s Kospi is down 0.36%. The Japanese market is closed due to local holidays.
Revenue updates include UK-based oil and gas company Harbor Energy, Man Island-based game software company Playtech, UK-based grocery-related real estate investment trust Supermarket Income REIT, and Australia-based Copper and gold exploration and development company Sol Gold, UK-based upholstery retailer DFS Furniture, France-based automotive equipment manufacturer Akwel, and UK-based Renalitix Plc are responsible for artificial intelligence such as kidney disease. We are developing an invitro diagnostic solution.
While there are many data points to be released today, key indicators of interest to markets across Europe are monetary policy, interest rate decisions and a review of quantitative easing by the Bank of England.
Economic indicators for September, due today from France, include Business Confidence (forecast 108, formerly 110), Markit Manufacturing PMI Flash (forecast 56.5, formerly 57.5), and Markit Services PMI Flash (forecast 55.7, earlier 56). )It is included.
Germany is also waiting for the Markit PMI flash readings for September today. The manufacturing PMI is projected to be 60.9, down from the previous 62.6, while the service PMI is projected to be 60 from the previous 60.8.
The Swiss National Bank’s interest rate decision and the European Central Bank’s General Council meeting are also scheduled for the day.
Eurozone Markit Manufacturing PMI flash in September is projected to drop from the previous 61.4 to 59.9. The corresponding service number is projected to be 58.6, compared to the previous 59.
The UK is waiting for the Markit / CIPS PMI flash in September. Manufacturing is projected to decline from the previous 60.3 to 59, while services are expected to rise from the previous 55 to 55.1.
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European stocks continue to gain momentum as the focus shifts to the data, BOE and energy crisis
Source link European stocks continue to gain momentum as the focus shifts to the data, BOE and energy crisis