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  • Bourses in Europe are experiencing a mild broad-based rebound; US equity futures also see gains across the board  
  • South African Medical Association Chairwoman Coetzee said the new Omicron variant has resulted in mild symptoms so far  
  • DXY resides in a tight range, activity currencies are faring well; Friday's outperformers lag  
  • OPEC is to delay this week's JTC and JMMC meetings by two days. OPEC and OPEC+ meeting dates...
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  • MON: German CPI Prelim. (Nov), EZ Economic Sentiment/Consumer Confidence Final (Nov), Canadian Producer Prices (Oct), Japanese Unemployment Rate (Oct); Iranian Nuclear Negotiations resume.
  • TUE: New Zealand NBNZ Business Outlook (Nov), Australian Building Approvals (Oct), Chinese NBS & Composite PMIs (Nov), German Import Prices (Oct), Swiss KOF (Nov), German Unemployment (Nov), EZ CPI Flash (Nov), Canadian GDP (Q3), US Chicago PMI (Nov), Australian Manufacturing PMI Final...
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  • Asia-Pac stocks traded cautiously and US equity futures rebounded from Friday’s hefty selling
  • South African Medical Association Chairwoman Coetzee said the new Omicron variant has resulted in mild symptoms so far
  • NIH Director Collins is optimistic that current vaccines are likely to protect against the Omicron
  • The DXY has attempted to claw back some of Friday's losses. Activity currencies are faring well
  • OPEC is to...
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  • European equities are trading markedly lower (Stoxx 600 -2.9%) with losses in the Stoxx 600 extending to 3.8% WTD; ES -1.9%, RTY -4.2%
  • The new variant is said to be the most evolved strain so far, prompting fears that it could be worse than Delta
  • USTs and Bunds are notably firmer and safe-havens (JPY, CHF) lead the way in the G10 FX space
  • WTI crude futures declined 6% to breach the USD 73.00/bbl level to the...
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  • Asian equities and US futures are on the backfoot with markets spooked by new COVID variant concerns
  • The new variant is said to be the most evolved strain so far, prompting fears that it could be worse than Delta
  • USTs and Bunds are notably firmer and safe-havens (JPY, CHF) lead the way in the G10 FX space
  • WTI crude futures declined nearly 3% to breach the USD 76.00/bbl level to the downside
  • Looking ahead, highlights...
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  • Asian equities traded mixed following the mostly constructive lead from the US which saw the NQ outperform
  • FOMC minutes showed that some policymakers wished for a faster pace of purchases
  • In FX, the DXY has marginally retreated after approaching 97.00, EUR/USD briefly lost 1.12 status
  • Looking ahead, highlights include German GDP, Riksbank Rate Decision, ECB Minutes, ECB's Elderson, Schnabel, Lagarde, supply from Italy. US market closures for...
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  • European bourses are subdued after initial firmer/mixed performance faded on German COVID-19 concerns, DAX -0.9%, ES -0.4%
  • German coalition announcement due ~14:00GMT/09:00EST, focus on any COVID commentary given recent outgoing-government rhetoric
  • DXY has risen to fresh YTD highs though JPY retains a modest bid while Bunds have whipsawed on COVID and poor issuance, USTs comparably more contained pre-data
  • RBNZ hiked the OCR by 25bps to 0.75%...
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  • Asia-Pac equity indices were mixed following the choppy performance of their US counterparts
  • In FX, the DXY continues to hover around the 96.50 mark, NZD lags
  • RBNZ hiked the OCR by 25bps to 0.75% as expected and vowed to take a steady approach going forward
  • Oil prices held on to the prior day's gains after Brent and WTI crude futures rallied by more than 3% and 2% respectively
  • Looking ahead, highlights include German...
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  • European bourses are subdued after a mixed APAC handover with newsflow minimal and focused on the SPR, COVID and Biden's speech
  • US futures are modestly lower, ES -0.2%, but performance has been comparably more contained following yesterday's late-doors selling pressure
  • US President Biden to speak at 19:00GMT/14:00EST, via Politico; will be speaking on the economy and lowering prices
  • The DXY has dipped from YTD highs but remains in proximity...
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  • Asia-Pac stocks traded mixed following a similar performance in the US where the Nasdaq underperformed alongside firmer yields
  • In FX, the DXY made further YTD highs, placing additional pressure on major counterparts
  • A source report noted that the US Energy Department will announce a loan of oil from the SPR on Tuesday
  • US President Biden's administration is reportedly mulling sending military advisers and new weapons to...
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  • European bourses are mixed with catalyst sparse and focus on COVID; US futures firmer with RTY marginally outperforming
  • FX is contained, DXY is softer but retaining 96.00; core debt has dipped after initial upside moves failed at key levels in thin volume pre-supply
  • PBoC-backed China Foreign Exchange Committee instructed bank traders to limit speculation on the Yuan
  • German coalition agreement could be attained as early as Monday or Tuesday...
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  • Asia-Pac stocks traded mixed; US equity futures trade with mild gains
  • On Friday, Fed’s Clarida suggested discussing the speeding of tapering, whilst Fed’s Waller said his preference is for the Fed to accelerate the taper
  • PBoC-backed China Foreign Exchange Committee instructed bank traders to limit speculation on the Yuan
  • German coalition agreement could be attained as early as Monday or Tuesday this week, according to...
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  • Pronounced and broad based risk-off move was seen as Austria announced a hard lockdown and Germany refused to rule such measures out
  • The back-to-back news pushed the DXY and Bunds above 96.00 and 172.00 respectively, Brent fell below USD 79.50/bbl; equities were pressured
  • US House Democrat leaders are aiming for a vote on “Build Back Better” on Friday; CBO says the bill is not fully paid for
  • Chinese Premier Li says China's economy is seeing...
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  • Asia-Pac stocks traded mostly positive; Hang Seng lagged amid substantial losses in Alibaba
  • S&P 500 and Nasdaq notched fresh record closes; overnight US equity futures drifted higher
  • In FX, the DXY remained above 95.50, EUR/USD tested 1.1350 to the downside and AUD narrowly outperformed
  • A compromise over the European Court of Justice could be within reach in Northern Ireland Protocol talks, according to...
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  • Major bourses in Europe are choppy; US equity futures have been grinding higher in early European hours
  • In FX, the DXY pulled back modestly from the 96.00 mark whilst the NZD/USD outperforms; EUR/USD and GBP/USD trade sideways
  • New COVID-19 restrictions for Germany are to be announced around lunchtime today, Sky's Parson's
  • China National Food and Strategic Reserves Administration stated that it was working on the release of crude...
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  • Asia-Pac stocks traded mostly negative with sentiment in the region subdued; Hong Kong lagged
  • In FX, the DXY pulled back modestly from the 96.00 level whilst NZD/USD outperformed
  • US and China reportedly agreed after the Biden-Xi meeting to embrace frequent interactions in the next 3-4 months
  • China National Food and Strategic Reserves Administration stated that it was working on the release of crude reserves
  • UK and EU...
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  • Risk sentiment is contained with fresh catalysts slim after a mixed APAC handover and ahead of numerous Central Bank speakers, ES U/C
  • DXY remains near-96.00 after briefly surging above the mark with peers mixed but contained and NZD outperforming on domestic lockdown updates
  • TRY has been knocked to fresh record lows against the USD amid familiar commentary from Erdogan on interest rates ahead of tomorrow's CBRT announcement
  • US asks China to...
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  • Asian equity markets traded mixed and struggled to sustain the positive lead from the US
  • The S&P 500 reclaimed the 4,700 level and briefly approached to within four points of its all-time high
  • In FX, the DXY has breached 96.00 to the upside, sending EUR/USD below 1.13 and USD/JPY to a four year high
  • US President Biden said that he will make a final decision about Fed Chair in about four days
  • Looking ahead,...
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  • European bourses/US futures diverge with Europe firmer after a mixed APAC session while US peers remain tentative ahead of retail/IP data
  • Opening remarks at the Biden-Xi virtual meeting set a friendly tone although expectations had been lowered ahead of the event
  • Chinese President Xi said both sides must increase communication and cooperation
  • German Energy Regulator has temporarily suspended certification for Nord Stream 2; subsequently,...
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  • Asia-Pac stocks traded mixed in a slight improvement from the inconclusive Wall St. handover
  • Opening remarks at the Biden-Xi virtual meeting set a friendly tone although expectations had been lowered ahead of the event
  • Chinese President Xi said both sides must increase communication and cooperation
  • The DXY has seen a mild pullback from advances above 95.50. EUR/USD remains sub-1.14
  • Looking ahead, highlights include...
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  • European bourses and US futures remain contained after an indecisive APAC session on mixed data ahead of Biden-Xi meeting
  • Releases included better than expected Chinese activity data and a miss on Japanese GDP
  • Biden-Xi meeting is aimed at setting the terms of trade to avoid future conflict, tariffs not expected to be on the agenda
  • DXY remains softer on the session but holds onto 95.00 after briefly losing it overnight, peers are broadly...
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  • MON: Chinese Retail Sales & Industrial Output/Production (Oct), Japanese Capacity Utilisation (Sep), Indian WPI (Oct), Swedish CPIF (Oct), EZ Eurostat Trade (Sep), US NY Fed Manufacturing (Nov), Canadian Manufacturing Sales (Sep).
  • TUE: RBA Minutes (Nov), NBH Policy Announcement, IEA OMR; UK Unemployment (Sep)/Claimant Count (Oct), Swedish Money Market CPIF Inflation (Nov), EZ Employment Flash (Q3), GDP Estimate/Flash (Q3), US Export /Import Prices, Retail Sales, Industrial...
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  • Asian equity markets began the week with a lack of firm direction as the region digested varied tier-1 economic data
  • Releases included better than expected Chinese activity data and a miss on Japanese GDP
  • DXY heads into the European session around the 95.00 mark. Antipodeans lead gains vs. the USD
  • White House said it is looking at every tool in its arsenal to address the rise in gas prices
  • Looking ahead, highlights...
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  • European bourses & US futures are modestly firmer, action has been very rangebound in quiet trade, ES +0.1%
  • Russian Defence Ministry says US military activity in the Black Sea is aggressive and poses a threat to regional and strategic stability, IFX.
  • DXY remains above 95.00 but the broader complex is mixed with similar performance in fixed income on the return of cash Treasuries
  • Johnson & Johnson (JNJ) is planning to split into two...
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  • Asian equity markets traded mostly higher following a mixed session in the US
  • Stateside, SPX closed flat, DJIA lower, NDX bid, and RUT outperformed
  • The DXY has extended on gains above 95.00, adding further pressure to major counterparts
  • Mexican Central Bank raised its interest rate by 25bps to 5.0%, as expected
  • Looking ahead, highlights include Eurozone Industrial Production, US JOLTS, Uni. of Michigan, ECB's...
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