The @Newsquawk Europe Market Open: China finance briefing, ECB and Fed speakers ahead

Catch up on APAC stocks, China fiscal policy, RBNZ rate cut, Biden-Netanyahu talk, and key economic data and speakers for the day.

Wednesday, 09/10/2024 | 06:23 GMT

🌏 APAC stocks traded mixed, initially benefiting from Wall Street's tech-led rally, while China’s upcoming fiscal policy briefing looms.

💼 Key Developments:

China’s Finance Ministry will hold a press briefing on October 12th to outline fiscal policy adjustments.
RBNZ cut the Official Cash Rate by 50bps to 4.75%, while the RBI kept its Repurchase Rate unchanged at 6.50%, in line with expectations.
US President Biden and Israeli PM Netanyahu are scheduled to speak on Wednesday, with Israel planning a measured response to the Iranian attack, avoiding an all-out war.

📈 European Equity Futures signal a flat open, following a 0.4% decline in the Euro Stoxx 50 on Tuesday.

🔍 Looking Ahead: Economic highlights include German Trade Balance, US Wholesale Sales, and FOMC & NBH Minutes.

Key speakers today include ECB’s Elderson, and several Fed officials such as Bostic, Logan, Goolsbee, Jefferson, and Barkin.
Bond supply from the UK, Germany, and the US also in focus.