Forexlive European Forex News: Good threat tone dominates for start of the week – ForexLive
Foreign exchange news for European early morning of November four, 2019
- Dax: +1.twenty%
- Uk FTSE: +1.05%
- Euro Stoxx: +1.05%
- France forty (CAC): +1.10%
- Italian FTSE:+1.35%
- US Oil: +1.07%
The European equity markets adopted Asia’s early direct on a ongoing ride on the back of a slew of constructive feedback from a number of resources on superior progress with the US-China trade talks to start the week. On major of this there was discuss that EU auto tariffs may well be suspended too which assisted threat sentiment alongside quite properly.
NZD was the strongest on common threat on flows into NZD, but also on the news that NZ and China will increase their free of charge trade agreement (FTA).
JPY and CHF ended up the weakest, once again as you would assume, on the threat sentiment.
European production PMI’s
There was a batch of European PMI’s this am which the industry mostly shrugged off preferring to focus on the strengthening threat sentiment. The new ECB President Christine Lagarde is because of to talk later on in Berlin this evening at 2030 GMT I think. This will be a critical concentrate for the Euro as the industry seeks a cue as to her possible very first moves.
Apart from the earlier mentioned it has been an extremely quiet start to the week. with minor other news/facts.
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