Reply To: Traders Market Weekly: Geopolitics, ECB and Apple

#42914
Truman
Participant

Major European indices have traded with a positive bias in front of the U.S. employment report

The upside move today comes despite eurozone PPI hitting a record high 37.9% year-over-year in July. According to a Bloomberg survey, most economists expect the ECB to raise its key lending rate by 75 basis points at next week’s meeting.

—Equity Markets—

STOXX Europe 600: +1.0%
Germany’s DAX: +2.1%
U.K.’s FTSE 100: +1.3%
France’s CAC 40: +1.3%
Italy’s FTSE MIB: +1.7%
Spain’s IBEX 35: +0.7%