Headlines:
Month-end focus to keep currency traders on their toes to end the weekEquities nudge lower in European morning tradeInflation expectations for the year ahead seen unchanged in latest ECB pollBavaria August CPI +2.1% vs +1.9% y/y priorFrance August preliminary CPI +0.9% vs +1.0% y/y expectedSpain August preliminary CPI +2.7% vs +2.8% y/y expectedItaly August preliminary CPI +1.6% vs +1.7% y/y expectedGermany July retail sales -1.5% vs -0.4% m/m expectedGermany July import price index -0.4% vs -0.3% m/m expectedGermany August unemployment change -9k vs 10k expectedFrance Q2 final GDP +0.3% vs +0.3% q/q prelimItaly Q2 final GDP -0.1% vs -0.1% q/q prelimMarkets:
There wasn't too much action on the session as markets are looking to wrap up the month of August today. Month-end shenanigans might feature later but there's also the US PCE price index to be mindful of later in the day.
Equities did ease a little though, with investors seemingly cautious ahead of the final trading day of the week/month. European indices are down slightly, adding to losses on the week. The DAX and CAC 40 have both turned negative on the month in trading this week but it has still been a great month for the likes of the IBEX and FTSE MIB.
US futures are keeping lower after holding more tentative in Asia, erasing much of the gains from yesterday. But it might be a different ball game when Wall Street enters the fray later.
As for FX, it was quiet but the dollar is keeping firmer overall after some slight losses in the sessions before. EUR/USD is down 0.2% to 1.1660 with USD/JPY up 0.2% to 147.20 currently. GBP/USD is the most notable mover, down 0.4% to 1.3455 but besides that, other dollar pairs are more flattish on the day.
We had inflation numbers from Germany, France, Spain, and Italy all together today but all of it mainly just served to reaffirm the prevailing ECB outlook. So, no big surprises really.
I wish you all a good Friday and wonderful weekend ahead.
This article was written by Justin Low at investinglive.com.Hence then, the article about investinglive european market wrap dollar steady stocks ease us pce month end in focus was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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