Euro Market Open: Positive APAC trade though with gains capped amid Lunar New Year closures
23 Jan 2023, 06:50 by Newsquawk Desk
- APAC stocks began the week with a positive bias but with gains capped amid mass closures across the region.
- European equity futures are indicative of a higher open with the Euro Stoxx 50 +0.4% after the cash market closed up 1.6% Friday.
- DXY has retreated further beneath the 102 mark, EUR/USD is at a 9-month high, JPY lags G10 FX.
- ECB’s Knot said to expect the ECB to hike by 50bps in February and March, followed by more steps in May and...