Europe Market Open: APAC benefits from further Chinese support; remarks from Mester & Schnabel in focus
07 Feb 2024, 06:35 by Newsquawk Desk
- APAC stocks were mostly positive after a decline in global yields and further Chinese support efforts; Hang Seng and Shanghai Comp were mixed despite early momentum.
- Moody's downgraded New York Community Bancorp's (NYCB) long-term issuer rating to junk status of Ba2 and said most ratings remain on review for a further downgrade.
- Fed's Mester (voter) said the Fed can lower rates later this year if the economy performs as expected and when the Fed cuts rates, it will...