Europe Market Open: China data beat exp., DXY rangebound into a blockbuster week
MAR 18, 2024
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  • APAC stocks were somewhat mixed as participants brace for this week's busy slate of central bank announcements.
  • China released better-than-expected Industrial Production and Retail Sales data.
  • European equity futures indicate a positive open with the Euro Stoxx 50 future +0.2% after the cash market closed down 0.1% on Friday.
  • DXY sits in a tight range below 103.50 with other FX majors contained. USD/JPY edged marginally above 149.
  • GS adjusted its Fed rate cut forecast to 3 (vs. prev. 4), JPMorgan now expects 75bps of cuts this year (vs prev. 125bps)
  • Looking ahead, highlights include Norwegian GDP & EZ CPI (F).

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