@Newsquawk's Europe Market Open: Bank-related headwinds in focus ahead of US NFP
Key Points:
APAC stocks traded mixed after the weak lead from the US where risk sentiment was subdued by banking-related headwinds.
US federal and state officials are reportedly assessing possible market manipulation regarding banking shares.
European equity futures are indicative of a higher open with the Euro Stoxx 50 +0.5% after the cash market closed down 0.5% yesterday.
Sources revealed ECB policymakers agreed to a smaller rate increase in return for guidance for more hikes ahead and an APP wind-down.
DXY is on the backfoot, support at 1.10 held in EUR/USD, Cable sits on a 1.26 handle, antipodeans outperform.
Highlights include Swiss CPI, EZ Retail Sales, US & Canadian Labour Market Reports, ECB SPF, Speeches from Fed's Cook, Bullard & ECB's Elderson, Earnings from Intesa Sanpaolo, Adidas, InterContinental Hotels & Cigna.
