EU Opening - European equity markets well set up at the start of the session

Written on 11/04/2022

European equity markets well set up at the start of the session (+ 0.50% the Dax, + 0.96% the Cac40, + 0.74% the Ftse100 and + 0.3% the Ftse Mib) with Wall Street futures also 'they are positive (+ 0.2% on the Dow Jones and + 0.25% on the S & P500). Investors are digesting recent moves by central banks, from the ECB to the Fed to the BoE which, as widely expected, raised the cost of borrowing by 75 basis points, in line with the other two. Today, November 4, the speeches of various ECB exponents are expected: at 09:45 the speech by De Guindos is expected, at 10:30 am Lagarde (who yesterday admitted that at the beginning of 2023 there will be a slight recession, but this will not prevent it from continuing to raise rates because the inflation rush does not show signs of abating), at 1:00 pm at Panetta and at 5:00 pm at Lane. In the afternoon, focus on US employment, payroll and unemployment data.