Europe Market Open: Japanese firms wage agreements & Chinese developer concerns in focus
MAR 13, 2024
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  • APAC stocks traded mixed as early momentum from the tech-led gains on Wall St was offset by Chinese developer default concerns.
  • Toyota, Nissan, Panasonic, Hitachi & Nippon Steel were among the companies that have responded to Japanese unions' wage hike demands in full.
  • European equity futures indicate a flat open with the Euro Stoxx 50 future unchanged after the cash market closed up 1.1% on Tuesday.
  • DXY is steady below the 103 mark, USD/JPY trades around the 147.50 level, antipodeans marginally outperform.
  • Looking ahead, highlights include UK GDP, Services, Industrial Output, Trade Balance, EZ Industrial Production, ECB Operational Framework Review, Speech from ECB’s Cipollone & RBNZ’s Conway, Supply from Italy, Germany & US.

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