@Newsquawk's Market Open: APAC trade boosted by US ahead of Fed surveys & ECB's Lane

The always awesome Newsquawk Europe Market Open

Key Points:

APAC stocks mostly gained as the region took impetus from Friday's rally on Wall St and strong US jobs data.

Fed's Bullard (non-voter) said he thinks the Fed The Fed "The Fed" is a short-hand that refers to the Federal Reserve or Federal Reserve System, the central banking system of the United States. Traders often discuss the actions of the Fed, primarily interest rate decisions, as they significantly impact all financial markets.The Fed shouldn't be confused or substituted with the term "the Feds" and doing so tells everyone you're a total noob. The term "the Feds" refers to US Federal law enforcement, including such agencies as the FBI (Federal Bureau of "The Fed" is a short-hand that refers to the Federal Reserve or Federal Reserve System, the central banking system of the United States. Traders often discuss the actions of the Fed, primarily interest rate decisions, as they significantly impact all financial markets.The Fed shouldn't be confused or substituted with the term "the Feds" and doing so tells everyone you're a total noob. The term "the Feds" refers to US Federal law enforcement, including such agencies as the FBI (Federal Bureau of Read this Term will ultimately have to grind higher on rates because of forecasts for a slower decline in inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term than others.

US President Biden is to meet with House Speaker McCarthy and other top congressional leaders on Tuesday regarding the debt limit crisis, according to FT.

European equity futures are indicative of a slightly higher open with the Euro Stoxx 50 +0.1% after the cash market closed up 1.3% on Friday. DXY is on the backfoot, EUR/USD and Cable are supported on 1.10 and 1.26 handles respectively, antipodeans outperform.

Looking ahead, highlights include German Industrial Output, EZ Sentix, Fed Senior Loan Officer Survey, NY SCE, ECB Survey of Monetary Analysts, Speech from ECB’s Lane, Earnings from PayPal, Holiday in the UK (Desk open as normal).