Europe Market Open: Subdued APAC action given a lack of US handover alongside soft Caixin PMIs
05 Jul 2023, 06:30 by Newsquawk Desk
- APAC stocks were mostly lower following the holiday lull stateside and as participants digested the latest Chinese Caixin Services PMI data.
- DXY eked mild gains and retained the 103.00 status with price action rangebound after the Independence Day celebrations in the US.
- Crude futures faded some of the prior day's gains amid the mostly risk-averse mood in Asia, while the focus turns to the OPEC International Seminar.
- Chinese President Xi...