Waiting for policy clues from the Federal Reserve Board (FRB), European equities are expected to open strongly on Wednesday as the negative sentiment surrounding Chinese real estate giant China Evergrande has eased slightly. The market also seems to expect the Fed to try to calm down. market Before actually embarking on a tapering exercise.
The Nasdaq-100 index rose 0.10% to close at 15,027.77, while the Dow Jones Industrial Average fell 0.15% to close at 33,919.84, showing poor performance overnight in the US stock index. rice field. “Evergrande” continued to plague investors ahead of the perplexed company bond coupon payments scheduled for Thursday.
On Tuesday, the European market recovered smartly from the previous day’s sellout as it chose to look beyond the imminent situation of shrinking stimulus in the US and defaulting on corporate debt in China. Germany’s DAX showed the best performance, up 1.76%, with peers like France’s CAC-40 up 1.50%, the UK’s FTSE 100 up 1.12%, and the Pan-European Stoxx 600 up 1.00%. rice field. Switzerland’s SMI20 rose 0.19%.
The dollar index is currently at 93.25, compared to 93.20 on Tuesday, as the greenback remains strong ahead of the FOMC’s announcement. The EURUSD pair is hovering around 1.1724, compared to the previous closing price of 1.1723. The GBPUSD pair is 1.3653 compared to the previous closing price of 1.3659.
Gold futures on the December settlement are trading at $ 1779.55 per troy ounce, despite concerns over whether federal interest rate decisions will affect the opportunity cost of holding “interest-free” gold. Is also about 0.08 percent higher.
WTI crude oil settled in November was trading at $ 71.39, up 1.28% from the previous closing price, while Brent crude oil settled in November was trading at $ 75.25, up 1.20% from the previous closing price. .. Earlier reports by the American Petroleum Institute show that rising prices for black liquids reduced US crude oil inventories by 6.1 million barrels in the week ending September 17, compared to a decline of 5.4 million barrels last week. Due to. The market expected only a 2.4 million barrel decline.
US Nasdaq 100 stock futures are currently in a modest positive territory with a 0.24% rise. Dow Jones futures are also currently trading at a 0.36% increase.
The Asian market is trading differently on Wednesday morning. Australia’s S & P ASX 200 is 0.47% higher. China’s Shanghai Composite Index is up 0.34%. New Zealand’s NZX50 is 0.29 percent higher and India’s BSE Sensex is 0.15 percent higher. On the other hand, Japan’s Nikkei 225 is down 0.50%. The Hong Kong and South Korean markets are closed due to local holidays.
Revenue renewal from today technology Alten, a consulting and engineering service provider, and Synergie, a human resources management specialist, are both based in France. The results are based in the UK, including Veterinary Service Provider CVS Group, Genetic and Cell Therapy Company Oxford Biomedica, Real Estate Investment Trust UK Commercial Real Estate Trust, Consumer Goods Company PZ Cassons, and Investment Trust Baillie Gifford Shin Nippon. It is also expected from companies that do.
The Swiss National Bank will release data on the Swiss current account surplus for the second quarter today. The forecast is CHF 15.1 billion, compared to the previous CHF 16 billion. The SNB quarterly report will also be released today prior to Thursday’s monetary policy valuation and interest rate decisions.
The ECB’s Non-Monetary Policy Conference is also scheduled today.
The Eurozone Consumer Confidence Index for September, which shows household and consumer expectations of economic conditions, will also be released today. This number is projected to be -5.7 compared to -5.3 in August.
The Federal Reserve Board’s interest rate decisions and FOMC’s economic forecasts will be known later in the day.
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Permanent European stock frenzy
Source link Permanent European stock frenzy