Thursday, September 29, 2022

Currencies: "DXY below 112.0 with GBP outperforming, EU Energy meeting looms - Newsquawk Euro Market Open"

 From ZeroHedge's newsqawk, September 30

  • APAC stocks were mostly lower after the negative performance across global peers (SPX -2.11%, NDX -2.86%).
  • European equity futures are indicative of a flat open with the Euro Stoxx 50 future unch. after the cash market closed down 1.7% yesterday.
  • DXY reclaimed 112 to the upside, EUR/USD maintained 0.98 status, whilst cable extended recovery gains to breach 1.12 at one stage.
  • EU senior diplomat said EU countries are nowhere near a consensus on a gas price cap.
  • Looking ahead, highlights include German Retail Sales, EZ CPI (Flash), Unemployment, US PCE Price Index, Russian President Putin, Moody's on Italy, Speeches from Fed's Williams & Brainard, ECB's Elderson & Schnabel.

....MUCH MORE

The dollar index futures are at 111.90, down .30 and down from September 28's 114.75 print.

The pound is at 1.1143