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Sep 13, 20221 min read

Euro Market Open: Asian stocks gained but with upside capped ahead of US CPI and lock down in China

Sep 13

KEY POINTS:

  • APAC stocks traded positive after the advances in global peers including on Wall St; S&P 500 +1.1%.

  • European equity futures are indicative of a softer open with the Euro Stoxx 50 future -0.2% after the cash market closed up by 2.1% yesterday.

  • DXY remains on a 108 handle, EUR/USD sits north of 1.01, GBP/USD briefly breached 1.17 and JPY narrowly leads G10 FX.

  • Crude was choppy amid ongoing supply-related concerns, demand pressures and fresh China lockdowns.

  • Looking ahead, highlights include UK jobs, German ZEW, US CPI, Supply from Italy & the US.


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