Euro Market Open: Pickup in APAC trade ex-China amid ongoing PBoC action; RBA hikes 50bp
05 Jul 2022, 06:49 by Newsquawk Desk
- APAC stocks traded mostly positive amid a pick-up from the holiday lull although Chinese markets faltered.
- European equity futures are indicative of a higher open with Eurostoxx 50 +0.7% after the cash market closed up by 0.5% yesterday.
- DXY is contained, JPY lags G10 FX with USD/JPY above 136.00, AUD was softer post-RBA rate hike.
- RBA hiked rates by 50bps, as expected, while it refrained from any hawkish surprises and reiterated its...