European Equities Around Parity Ahead of the US Opening Bell
The RBA Hiked Interest Rates as Expected, While the German Industrial Production Missed Expectations
The leading European indices trade around parity this morning before Wall Street’s cash opening. Currently, the Dax gives up 0.12%, while the Cac40 and Eurostoxx gain 0.01% and 0.04%, respectively.
Overnight, Australia’s central bank lived up to traders’ expectations by raising interest rates as predicted. This move comes as the economy continues to recover from the impact of the pandemic, and signals confidence in the country’s growth prospects.
On the other hand, German industrial production missed expectations, raising concerns about the strength of the Eurozone’s largest economy. This data point adds to the uncertainty surrounding the global economic recovery and could weigh on investor sentiment.
US Opening Bell 07-02-2023
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How Will This Affect Me?
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How Will This Affect the World?
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Conclusion
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