Tech Shares Surge, European Indices Follow Suit as US Futures Drive Higher
Wednesday, 6 March 2024, 10:29
Stock Futures Surge Led by Tech Shares
Tech shares, including Nasdaq futures, are leading the rally, soaring by 0.8%.
European Indices Follow Suit
European markets are also climbing, with the DAX up 0.2% and the CAC 40 up 0.3%.
Impact on Currency Markets
The positive market sentiment is weighing on the dollar, pushing EUR/USD up 0.2% to 1.0878 and AUD/USD up 0.3% to 0.6523.
Focus on Fed Chair Powell and US ADP Employment Data
Today's key events include Powell's testimony and the US ADP employment data, influencing rate cut expectations and economic outlook.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.