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Pre-Market Report – Thursday 20 June: Australian shares to fall at the opening bell, with SPI Futures down 21 points.
Manage episode 424473244 series 2991632
US markets closed overnight for Juneteenth National Independence Day. Australian shares to fall at the opening bell, with SPI Futures down 21 points. European equity markets closed firmly lower, weighed down by losses in real estate and technology stocks, while UK miners found buyers as the market digested inflation data. The STOXX 50 fell 0.61%, and the STOXX 600 eased 0.17% after the European Commission issued formal reprimands to France, Italy, and five other members over wider-than-allowed fiscal deficits. Paris’s CAC 40 ended its two-day winning streak falling 0.77%, amid uneasiness surrounding the country's political future. Frankfurt’s DAX booked a 0.35% loss in thin trading. London’s FTSE 100 outperformed its peers, reversing earlier losses to finish up 0.17%. UK inflation returned to its 2% target in May for the first time in nearly three years, however, core inflation remains too high, so it's likely BoE will wait longer to cut rates.
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1501 episodes
Manage episode 424473244 series 2991632
US markets closed overnight for Juneteenth National Independence Day. Australian shares to fall at the opening bell, with SPI Futures down 21 points. European equity markets closed firmly lower, weighed down by losses in real estate and technology stocks, while UK miners found buyers as the market digested inflation data. The STOXX 50 fell 0.61%, and the STOXX 600 eased 0.17% after the European Commission issued formal reprimands to France, Italy, and five other members over wider-than-allowed fiscal deficits. Paris’s CAC 40 ended its two-day winning streak falling 0.77%, amid uneasiness surrounding the country's political future. Frankfurt’s DAX booked a 0.35% loss in thin trading. London’s FTSE 100 outperformed its peers, reversing earlier losses to finish up 0.17%. UK inflation returned to its 2% target in May for the first time in nearly three years, however, core inflation remains too high, so it's likely BoE will wait longer to cut rates.
Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.
Ready to invest in yourself? Join the Marcus Today community.
1501 episodes
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