investingLive European markets wrap: Dollar steadies on calmer risk appetite, eyes on Fed

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Headlines:The risk mood keeps steadier and more boxed in going into the final stretch of the weekHow have interest rate expectations changed after this week's events?The Indian Rupee falls again following the RBI's rate cut: the trend remains negativeJapan economy minister says specific monetary policy is up to the BOJ to decideJapan chief Cabinet secretary says taking appropriate steps on disorderly FX movesRBI Governor Malhotra on the rupee: Will allow markets to determine levels on currencyEurozone Q3 final GDP +0.3% vs +0.2% q/q prelimGermany October industrial orders +1.5% vs +0.4% m/m expectedFrance October trade balance -€3.92 billion vs -€6.58 billion priorUK November Halifax house prices 0.0% vs +0.6% m/m priorSwiss government adopts draft negotiating mandate for trade agreement with the USItaly's stats office trims 2025 GDP growth forecast to 0.5%China commerce ministry rebuffs that it will ramp up efforts to bolster consumptionMarkets:AUD leads, JPY lags on the dayEuropean equities slightly higher; S&P 500 futures up 0.2%US 10-year yields up 0.8 bps to 4.115%Gold up 0.5% to $4,227.18WTI crude oil down 0.2% to $59.54Bitcoin down 1.0% to $91,205It was a relatively slow session with not too much action as markets seem content to avoid any drama before the weekend comes along. The risk mood remains rather tentative, with equities keeping steadier in general. So, that's keeping things in check as we look to wrap up the week before the focus next week turns towards the FOMC meeting.In FX, there wasn't too much happening with most major currencies keeping little changed across the board. The aussie and kiwi are a little higher, with AUD/USD continuing to push gains in a break to its highest since the middle of September. The pair is up 0.4% to 0.6635 with little standing in the way of a potential run towards testing the 0.6700 mark again.Besides that, the dollar is looking to close out the week in steadier fashion after a more sluggish week in general. EUR/USD is flattish around 1.1648 with USD/JPY also just marginally higher by 0.1% to 155.18 currently. The latter did see a solid bounce back from a low of 154.34 earlier in the session, as buyers continue to hold the line in preventing a firm break/daily close below the 155.00 mark.In the equities space, the mood music remains calm and steady. European indices are posting modest gains in trying to end the week on a more positive note, following the brief setback suffered on Monday. US futures are also a little higher with S&P 500 futures up 0.2% currently, with Wall Street slowly taking aim at fresh record highs again.In other markets, bonds are little changed amid a lack of appetite. Meanwhile, gold is trading back up above $4,200 as buyers continue to try and go in search of the next leg higher. However, they are lacking a bit of oomph in securing that breakout despite managing a break from the flag/wedge at the end of last week.With there being no US non-farm payrolls release this Friday, market players won't have all too much to work with in wrapping up the week. As such, the focus and attention will shift towards the FOMC meeting next week. It's going to be yet another central bank bonanza next week, so make sure to get a good rest over the weekend to gear up for that.I'll be back again in just a little over a week. So, catch you guys then. Have a great weekend, everyone! This article was written by Justin Low at investinglive.com.