13 Feb 2024
The Trade Academy Team
08:00 CET - 3 min read
Tuesday Morning Coffee - Markets Update - 13 Feb 2024 - APAC Stocks Open Mixed After Holiday, Europe Poised for Lower Start
Markets Update: Cautious tone prevails in global markets today. While APAC markets saw pockets of positivity, European futures suggest a weaker open. Upcoming economic data, particularly US CPI and OPEC's report, will be closely watched for further direction.
by TradingView
Global Markets Roundup: 13 Feb 2024
APAC stocks displayed a mixed performance following the reopening of several markets from extended Lunar New Year holidays. While positive sentiment lingered, trading activity remained largely muted. European equity futures indicate a downward trend, with the Euro Stoxx 50 future down 0.3% despite Monday's 0.7% gain in the cash market. The US Dollar Index (DXY) holds firmly above the 104 mark, while USD/JPY remains near 149.50. NZD experiences some weakness after inflation expectation surveys. In positive news, US President Biden announced efforts toward a hostage deal potentially leading to a six-week period of calm.
The Australian market (ASX 200) ended a choppy Tuesday session with modest gains, pulled in opposite directions by sector-specific strength and weakness. Mining, utilities, and financials led the charge, while healthcare, telecoms, and technology stocks dragged the index down. Meanwhile, consumer sentiment rose, according to Westpac data, but business confidence and conditions remained mixed based on NAB's report. In contrast, the Japanese Nikkei 225 continued its ascent, reaching its highest level since February 1990. The index benefited from the renewed wave of earnings reports, with positive company results fueling investor optimism.
FX:
FIXED INCOME:
COMMODITIES:
Key upcoming events:
You can view all markets data and charts here.
General news - Information source from multiple newswires.
The article and the data is for general information use only, not advice!
The Trade Academy Team
Rating: Mixed Outlook
Contact US
Contact email:
admissions@thetrade.academy
info@thetrade.academy
payments@thetrade.academy
support@thetrade.academy
marketing@thetrade.academy
mentor@thetrade.academy
Skype: TheTrade.Academy
All rights reserved 2017 - 2023 The Trade Academy Ltd.
Registered in England and Wales (Company number 12706394)