Europe Market Open: Mixed APAC trade as Wall St. momentum waned; Central Bank speak ahead
MAR 22, 2024
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  • APAC stocks were ultimately mixed after momentum from the fresh record highs on Wall Street waned, Hang Seng and Shanghai Comp. suffered.
  • DXY extends on gains above 104.00 after recent firm US data and pressure in Asia-Pac counterparts, USD/JPY traded indecisively.
  • The latest Japanese CPI data was mostly softer-than-expected but the Core reading matched estimates at a four-month high.
  • BoE Governor Bailey said rate cuts were in play at future BoE meetings amid signs tighter policy quelled the risk of a wage-price spiral, according to FT.
  • Looking ahead, highlights include UK Retail Sales, German Ifo, Canadian Retail Sales, Japan’s Rengo (2nd tally), comments from ECB’s Lane, Fed’s Powell, Barr & Bostic.

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