EU Market Open: Fed speak dominates the tape, Qatar appears to have secured two weeks for diplomatic efforts
From Newsquawk Rundown, Daily Podcast · 02:42
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Qatar says it has secured "at least two weeks" for diplomatic efforts between the US and Iran, though significant differences remain.Fed's Bowman said there is still work to do, but the cost of additional tightening must be weighed. Paulson said further gradual hikes are appropriate. Goolsbee said inflation was borderline disturbing.APAC stocks were primarily firmer, shrugging off the Wall St handover where CPI and Fed speak weighed. European futures point to a firmer open, Euro Stoxx 50 +0.8%.DXY held onto Tuesday's CPI/Fed driven gains. EUR/USD beneath 1.12, Cable below 1.34 and USD/JPY around 159.00.Fixed income was subdued on the above points, and as energy benchmarks found some modest reprieve amid continued Iranian pushback.Looking ahead, highlights include German Final Inflation (Oct), Japanese PPI (Oct), OPEC MOMR, Speakers including ECB's Cipollone & Lagarde, Supply from Germany & UK. Note, today is US Veterans Day.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
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