Europe Market Open: BoJ's Ueda refrained from anything overly hawkish; US CPI due
MAR 12, 2024
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  • APAC stocks traded mixed following the tentative mood stateside and as participants await US CPI data.
  • BoJ Governor Ueda refrained from any overly hawkish rhetoric and noted weakness in consumption of non-durable goods.
  • European equity futures indicate a higher open with the Euro Stoxx 50 future +0.6% after the cash market closed down 0.6% on Monday.
  • DXY remains sub-103, JPY lags post-Ueda, other majors are broadly contained.
  • Looking ahead, highlights include German CPI (F), UK Employment Data, US CPI, Comments from Japan's Top Currency Diplomat Kanda, EIA STEO, OPEC OMR, Supply from Netherlands, UK, Germany & US. 

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