European equities: geopolitics, the ECB and US statisticsBut it’s not the first time In a nut words

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Ease of deposit (September)

ECB Resolution on Rates (September)

ECB press conference

German CPI (Monthly) (August) Final

Spanish CPI (annual) (August) Final

Spanish IAPC (YoY) (August) Final

Wednesday will be a bullish day for major Europeans, with US markets offering much-needed support.

The DAX30 recovered 2. 07% to lead the road, with the CAC40 and EuroStoxx600 rising 1. 40% and 1. 62% respectively.

The US generation sector has not been able to do so. But it’s not the first time He recovered from Tuesday’s fall that supported a reversal of previous losses in the day.

The major Europeans had the day in red numbers, a setback that opposed the Asian elders weighing very early.

Uncertainty about the sale in the United States and the announcement of AstraZeneca’s suspension of his coronavirus vaccine had weighed on the sense of risk.

AstraZeneca worked with Oxford University on a coronavirus vaccine that Trump seeks to push for the United States.

It is a particularly quiet day in the economic calendar of the euro area. There were no curtain statistics to guide the elders on Wednesday.

Economic knowledge was pretty clear. JOLT task openings in July were the center of the consultation at the end of the consultation. In August, task openings rose from 6 billion to 6,618 million, which they revised upwards. Economists had forecast openings of 6,000m.

For the DAX: It’s a bullish day for the automotive industry on Wednesday. BMW and Daimler rose 1. 43% and 2. 13% respectively. Continental and Volkswagen recorded more modest gains of 0. 91% and 1. 22% respectively.

It was a bullish day for the banks. Deutsche Bank rose 0. 04% and Commerzbank won 1. 34%.

On the CAC side, it was a bullish day for banks. BNP Paribas and Soc Gen recorded gains of 1. 00% and 1. 26% respectively, however, Crédit Agricole led the way with a build-up of 1. 67%.

It’s another combined day for the French automotive industry. Peugeot fell by 0. 83%, while Renault rose 0. 48%.

Air France-KLM closed the day down 0. 24% and Airbus SE down 1. 96%.

It was back in red for the VIX on Wednesday. Reversing a gain of 2. 31% compared to Tuesday, the VIX fell 8. 42% to end the day by 28. 81.

The fall came when big U. S. companies recovered from Tuesday’s sale, driven by an uptick in the generation sector.

The NASDAQ rose 2. 71%, the Dow and the S

This is a quiet day still in the economic calendar of the euro area. Although no euro area statistics are expected, the ECB is an action later in the day.

With markets awaiting any political decision, the Lagarde press convention will be the main event.

After the August MEP, the ECB may take a grim stance on the economic outlook. There may also be references to the EUR/USD exchange rate, following the Fed’s new financial policy framework.

While a weaker euro would be the major, any talk about the economic outlook would weigh.

In the United States, wholesale inflation figures and unemployment demand figures will have an impact.

On the geopolitical front, there will also be brexit and tensions between the United States and China that day.

In futures markets, at the time of writing, the Dow Jones rose 10 points.

For a review of all of today’s economic events, check out our economic calendar.

This article was originally published on FX Empire

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