European stock market close 3 February 2017
A moderately good day for European bourses.
European bonds
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A positive Friday for European stocks but most are down on the week
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- FT: Trump is pushing for 15 – 20% minimum tariff on all EU goods. EURUSD moves lower.
- Reserve Bank of New Zealand leaves its cash rate unchanged at 2.25%, as expected
- Bank of Korea seen holding rates on April 10 as oil shock lifts inflation risks
- PBOC sets USD/ CNY central rate at 6.8680 (vs. estimate at 6.8369)
- Israel wary of ceasefire, raising doubts over US-Iran truce durability
- PBOC is expected to set the USD/CNY reference rate at 6.8369 – Reuters estimate
- Market rejoicing continues: Oil down, gold up. USD down, equities up.
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