European Stocks begin Lower Amidst Economic Data Releases
European stock markets opened lower Tuesday, following a session where the EUR/USD pair traded at 1.1818, closing at 1.1802 as European markets closed. The USD/JPY was trading at 147.90, while EUR/JPY stood at 174.57.
Investors are closely monitoring a series of economic data releases scheduled for today. Key indicators include the Compiled Purchasing Management Index from Japan at 01:30, the IFO Entrepreneurial Confidence index from Germany at 10:00, and U.S. Mortgage Applications data at 13:00. Later in the day, the U.S. will release New Home Sales figures for August at 16:00, followed by weekly Oil Stocks data at 16:30. These reports are expected to influence market sentiment and potential trading strategies as analysts assess the health of global economies. Additionally,the General Meeting of the United Nations is underway,possibly impacting geopolitical considerations for investors.
