A look at the day ahead in markets from Ankur Banerjee.
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, March 29, 2023. REUTERS/StaffAnother set of weaker-than-expected U.S.has investors spooked at the prospect of a looming recession, crimping risk appetite as traders hunker down and wait for the always-important non-farm payrolls data on Friday.
Futures hint at a muted open in Europe, with the pan-European STOXX 600 index aiming to break its losing streak this week. European equities had a stellar start to the year but the March madness due to the banking turmoil has weighed. Data from China served as a bit of a bright spot, with March services activity in the country revving up at the quickest pace in 2-1/2 years on robust new orders and job creation and a consumption-led post-COVID recovery.
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