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Europe Stocks Embrace More Dovish ECB Hike Outlook

EQUITIES
  • Asian markets closed mostly stronger: Japan's NIKKEI closed up 111.66 pts or +0.4% at 27914.66 and the TOPIX ended 5.38 pts higher or +0.28% at 1955.97. China's SHANGHAI closed down 2.027 pts or -0.06% at 3269.974 and the HANG SENG ended 34.51 pts higher or +0.17% at 20609.14.
  • European equities are largely shrugging off recessionary PMI data (and perhaps embracing it with less ECB hiking now priced), with the German Dax up 20.51 pts or +0.15% at 13317.24, FTSE 100 up 16.64 pts or +0.23% at 7320.4, CAC 40 up 6.94 pts or +0.11% at 6216.02 and Euro Stoxx 50 up 4.51 pts or +0.13% at 3584.12.
  • U.S. futures are a little weaker, with the Dow Jones mini down 10 pts or -0.03% at 31997, S&P 500 mini down 11 pts or -0.27% at 3990.25, NASDAQ mini down 70 pts or -0.55% at 12570.
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  • Asian markets closed mostly stronger: Japan's NIKKEI closed up 111.66 pts or +0.4% at 27914.66 and the TOPIX ended 5.38 pts higher or +0.28% at 1955.97. China's SHANGHAI closed down 2.027 pts or -0.06% at 3269.974 and the HANG SENG ended 34.51 pts higher or +0.17% at 20609.14.
  • European equities are largely shrugging off recessionary PMI data (and perhaps embracing it with less ECB hiking now priced), with the German Dax up 20.51 pts or +0.15% at 13317.24, FTSE 100 up 16.64 pts or +0.23% at 7320.4, CAC 40 up 6.94 pts or +0.11% at 6216.02 and Euro Stoxx 50 up 4.51 pts or +0.13% at 3584.12.
  • U.S. futures are a little weaker, with the Dow Jones mini down 10 pts or -0.03% at 31997, S&P 500 mini down 11 pts or -0.27% at 3990.25, NASDAQ mini down 70 pts or -0.55% at 12570.