Europe Market Open: Fed's Waller & BoE's Haskel said there is no rush to cut
MAR 28, 2024
Description Community
About
  • APAC stocks partially sustained the momentum from the late ramp-up on Wall St heading into quarter-end.
  • Fed's Waller said still no rush to cut rates and the Fed may need to maintain the current rate target for longer than expected.
  • European equity futures indicate a positive open with the Euro Stoxx 50 future +0.3% after the cash market closed up 0.4% on Wednesday.
  • DXY is contained on a 104 handle, EUR/USD is holding above 1.08 and USD/JPY remains on a 151 handle.
  • BoE's Haskel warned against rushing to cut rates and thinks that rate cuts should be "a long way off", according to the FT.
  • Looking ahead, highlights include German Retail Sales, UK GDP (Q4 2nd reading), German Unemployment, US GDP (F), IJC, UoM Inflation Expectations (F), Japanese Tokyo CPI & Unemployment Rate, Comments from ECB’s Knot, BoE’s Mann & RBNZ's Orr.

Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Comments