|

European equities trade mixed around opening levels

  • European equities trade mixed around opening levels. US stock markets open with limited gains. Twitter said it would cut 9% of its global workforce to keep costs down as the microblogging service reported quarterly results that beat Wall Street expectations, lifting shares.

  • The Swedish Riksbank kept its monetary policy unchanged, but assesses that the repo rate needs to be held at −0.50% for six months longer than previously thought, until early 2018. The probability that the rate will be cut further has increased. The Riksbank is prepared to extend the purchases of government bonds if necessary.

  • Norway's central bank kept its key interest rate unchanged at 0.50%, in line with forecasts, as the economy continued to show signs of recovery after a two‐year slump and rates were low or negative among Norway's trading partners.

  • The UK economy slowed less than economists' forecast in the quarter after the Brexit vote because of a surge in services, providing ammunition for critics of those who warned of a possible fallout before the referendum. The 0.5% Q/Q expansion was better than the 0.3% Q/Q median forecast.

  • Belgium agreed a deal with its regional parliaments to approve a landmark EU‐Canada free trade agreement, breaking a deadlock that has blocked the pact for weeks.

  • Shipments of US non‐defense capital goods, which are used in calculating gross domestic product, fell an annualized 4.4% in the three months ending in September. They were up 0.3 % from a month earlier after being little changed in August. Weekly jobless claims remain close to historically low levels (258k).

Author

More from KBC Market Research Desk
Share:

Editor's Picks

EUR/USD extends its optimism past 1.1900

EUR/USD retains a firm underlying bid, surpassing the 1.1900 mark as the NA session draws to a close on Monday. The pair’s persistent uptrend comes as the US Dollar remains on the defensive, with traders staying cautious ahead of upcoming US NFP prints and CPI data.
 

GBP/USD tilts bullish as markets barrel toward mid-week NFP print

GBP/USD is holding a broader bullish structure on the daily chart, with price trading well above the 50 Exponential Moving Average at 1.3507 and the 200 EMA at 1.3310, confirming the intermediate uptrend that has been in place since the November 2025 low near 1.2300. 

Gold pushes back above $5,000

The daily chart shows spot Gold in a parabolic uptrend that accelerated sharply from the $4,600 area in late January, printing a record high at $5,598.25 before a violent reversal erased nearly $1,000 in value during the final days of the month. 

Litecoin eyes $50 as heavy losses weigh on investors

Following a strong downtrend across the crypto market over the past week, Litecoin holders are under immense pressure. The Bitcoin fork has trimmed about $1.81 billion from its market capitalization since the beginning of the year, sending it below the top 20 cryptos by market cap.

Japanese PM Takaichi nabs unprecedented victory – US data eyed this week

I do not think I would be exaggerating to say that Japanese Prime Minister Sanae Takaichi’s snap general election gamble paid off over the weekend – and then some. This secured the Liberal Democratic Party (LDP) an unprecedented mandate just three months into her tenure.

Ripple exposed to volatility amid low retail interest, modest fund inflows

Ripple (XRP) is extending its intraday decline to around $1.40 at the time of writing on Monday amid growing pressure from the retail market and risk-off sentiment that continues to keep investors on the sidelines.