Europe Market Open: APAC pressured as it reacts to NFP, Powell reiterated March language
05 Feb 2024, 06:40 by Newsquawk Desk
- APAC stocks were mostly subdued after last Friday's red-hot jobs report; Chinese regulators pledged to stabilise the market.
- Fed Chair Powell repeated his expectation that the March meeting is likely too soon to have confidence to start rate cuts.
- European equity futures indicate a contained open with Euro Stoxx 50 future flat after the cash market closed up 0.3% on Friday.
- DXY is contained around the 104 mark, EUR/USD is sub 1.08, USD/JPY...