EU Opening

Written on 06/09/2023


Key Global Events

Last session of a stock market week preparing to close around parity. Appointments for the FED and ECB are expected next week. 
On the old continent, the market is betting on a 25 basis point rise. On the U.S. front, Fed funds anticipate that there may be a pause to the cycle of interest rate hikes that has lasted 10 consecutive sessions. 
As for pizza business to follow are Tim and Generali stocks. 
In Turkey in conjunction with new presidential elections, the new central bank president, Hafize Gaye Erkan, was appointed.
A cautious start for European stock markets this morning. Milan's FTSE MIB -0.0%, Paris' CAC -0.09%, Madrid's IBEX +0.20%, London's FTSE +0.16%. Wall Street futures trade below par again. Dow Jones -0.17%, S&P500 -0.16% and the Nasdaq -0.06%.

Forex & Commodities

At the opening of European stock markets, the euro and sterling trade below parity against the greenback. EURUSD -0.09%, GBPUSD -0.04%. Among commodities, oil consolidates the sideways price phase trading around $70.97 (-0.49%). Gold trades around 1979$ an ounce (+0.06%).

Index

Asia's markets traded higher. Tokyo's benchmark Nikkei 225 index resumes the rally of the past few days closing at +1.97%. China's Hang Seng index trades at 19,438 trading at +0.75%. Wall Street futures trade below par again. Dow Jones -0.17%, S&P500 -0.16% and the Nasdaq -0.06%.

Global Macroeconomic Data 

EUR - day with several ECB members engaged in press conferences, starting from De Guindos to Enria.