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  • APAC stocks traded mostly lower after the indecisive performance stateside amid the rising yield environment.
  • European equity futures indicate a contained open with the Euro Stoxx 50 future flat after the cash market closed lower by 0.6% on Tuesday.
  • DXY trades in a tight range above 104.50, EUR/USD is a touch softer below 1.0850, AUD shrugged off hot CPI.
  • BoJ Board Member Adachi said the BoJ is not yet at a stage where they are convinced...
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  • European bourses are mixed continuing the price action seen in APAC; US equity futures are in the green
  • Dollar is flat/softer, Kiwi the G10 outperformer after strong price action overnight and in continuation of the RBNZ last week
  • USTs/Bunds are mixed and relatively contained, whilst Gilts outperform playing catch-up to Bund strength in the prior session
  • Crude benefits from heightened geopol tensions, XAU dips and base metals are firmer...
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  • APAC stocks were mixed with price action mostly rangebound in the absence of a lead from Wall St and as geopolitical uncertainty lingered following an Israeli strike on Rafah which killed dozens of Palestinians on Sunday.
  • DXY marginally softened beneath the 104.50 level albeit with trade kept to within a very tight range following the Memorial Day holiday weekend stateside and with the Fed's preferred inflation gauge scheduled for this Friday.
  • An Egyptian soldier...
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  • MON: Bank of Israel Announcement , UK Bank Holiday, Chinese Industrial Profits (Apr), German Ifo Survey (May).
  • TUE: Canadian PPI (Apr), US Monthly Home Prices (Mar).
  • WED: Riksbank Financial Stability Report, Australian CPI (Apr), German Flash CPI (May), US Richmond Fed (May), South African Election.
  • THU: Spanish Flash CPI (May), Swiss GDP (Q1), EZ Sentiment Survey (May), US GDP 2nd Estimate (Q1).
  • FRI:...
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  • European bourses are entirely in the red, though have recently has clambered off lows; US equities are modestly firmer.
  • Dollar is slightly softer, GBP shrugs off initial Retail Sales weakness, overall trade contained.
  • Bonds are very modestly firmer, attempting to claw back some of the US PMI-induced pressure.
  • Crude is softer and near session lows without a clear catalyst, XAU gains whilst base metals...
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  • The selling in US stocks yesterday accelerated once European desks packed for the day, with little fresh fundamentals driving the move after the US Flash PMIs.
  • APAC stocks followed suit to the selling on Wall St where the initial NVIDIA-related euphoria was soured after strong US PMI data lifted the dollar and yields.
  • DXY traded steadily after surmounting the 105.00 level in the aftermath of the strong US PMI data, USD/JPY marginally edged higher after reclaiming...
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  • European bourses are modestly firmer with Tech lifted by post-earning strength in Nvidia (+7% pre-market); NQ outperforms.
  • Dollar is slightly softer, Kiwi continues the prior day’s gains, Euro was choppy on Flash PMIs but ultimately firmer and saw no reaction to higher Q1 wages.
  • Treasuries are flat, whilst Bunds are softer following German/EZ PMIs ahead of US supply.
  • Crude is firmer and near session highs, spot gold and copper futures...
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  • APAC stocks traded mixed following soft performance of US cash markets before receiving support post-Nvidia earnings.
  • Nvidia's earnings topped forecasts and the Co. also announced a ten-for-one stock split; +6% after-hours.
  • FOMC Minutes suggested the disinflation process would take longer than previously thought.
  • European equity futures indicate a positive open with the Euro Stoxx 50 future up 0.3% after the cash market closed lower by...
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  • European bourses are entirely in the red, whilst US futures trade tentatively ahead of FOMC Minutes and Nvidia earnings
  • Dollar is incrementally firmer, Kiwi outperforms post-RBNZ & GBP bid on UK inflation metrics
  • Bonds are lower after hotter-than-expected UK CPI metrics, with Gilts the clear underperformer
  • Crude is subdued, XAU is softer alongside a broader pullback in base metals
  • Looking ahead, Fed Minutes,...
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  • APAC stocks were mostly rangebound as global markets brace for the FOMC Minutes and Nvidia earnings.
  • European equity futures indicate a slightly positive open with Euro Stoxx 50 futures up 0.1% after the cash market closed lower by 0.5% on Tuesday.
  • RBNZ kept the OCR unchanged as expected but raised its OCR forecasts across the projection horizon.
  • DXY is flat, NZD is boosted post-RBNZ, JPY marginally lags, GBP eyes UK...
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  • European bourses are entirely in the red, whilst US futures hold around the unchanged mark
  • G10s are flat/mixed; DXY is very modestly softer and underpinning some G10 peers
  • Treasuries are flat, whilst Bunds narrowly outperform following softer than expected German PPI before coming off best levels amid higher EZ Labour Costs Prelim data
  • Crude is subdued in catalyst-thin trade, XAU and base metals take a breather from their recent...
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  • APAC stocks were subdued following the somewhat indecisive performance on Wall St.
  • European equity futures indicate a lower open with Euro Stoxx 50 future down 0.3% after the cash market closed up 0.2% on Monday.
  • DXY is contained within narrow parameters, USD/JPY has extended upside, AUD marginally lags.
  • Bunds struggled for direction, crude futures continued to retreat amid a lack of geopolitical escalation.
  • Looking...
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  • European equities hold a mild positive bias, whilst US futures lack firm direction and holds around the unchanged mark.
  • Dollar is flat alongside G10 peers, Kiwi marginally underperforms, USTs are flat in quiet newsflow, whilst Bunds are slightly softer.
  • A helicopter carrying Iranian President Raisi and Foreign Minister Amir-Abdollahian crashed due to adverse weather conditions with no survivors reported; Iran’s Supreme Leader Khamenei signalled...
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  • APAC stocks began the week on the front foot despite last Friday's indecisive performance on Wall St where the major indices traded sideways.
  • European equity futures indicate a higher open with Euro Stoxx 50 futures up 0.3% after the cash market closed down 0.2% on Friday.
  • A helicopter carrying Iranian President Raisi and Foreign Minister Amir-Abdollahian crashed due to adverse weather conditions with no survivors...
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  • MON: PBoC LPR, German PPI (Apr)
  • TUE: ECB Governing Council retreat, RBA Minutes (May), NBH Announcement, RBI Announcement, Canadian CPI (Apr)
  • WED: ECB Governing Council retreat, FOMC Minutes, RBNZ Announcement, Bank of Indonesia Announcement, Japanese Trade Balance (Apr), UK CPI (Apr)
  • THU: CBRT Announcement, EZ Q1 Negotiated Wages (TBC), EZ/UK/US Flash PMIs (May), EZ Flash Consumer Confidence (May), New Zealand Trade Balance...
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  • European bourses are mostly lower, whilst US equity futures are flat
  • Dollar is firmer, AUD underperforms after mixed Chinese data
  • Bonds are pressured, more-so in EGBs following hawkish commentary from ECB’s Schnabel
  • Crude is flat, XAU modestly firmer and base metals benefit from China's support measures despite mixed data
  • Looking ahead, Comments from Fed's Waller & Daly
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  • European bourses are mostly lower, whilst US equity futures are flat
  • Dollar is firmer, AUD underperforms after mixed Chinese data
  • Bonds are pressured, more-so in EGBs following hawkish commentary from ECB’s Schnabel
  • Crude is flat, XAU modestly firmer and base metals benefit from China's support measures despite mixed data
  • Looking ahead, Comments from Fed's Waller & Daly
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  • APAC stocks initially subdued before benefitting from the latest China property support measures
  • DXY bid with peers generally contained aside from slight JPY pressure, Yuan benefits from the property support despite soft/mixed data beforehand
  • Fixed benchmarks uneventful ex-JGBs which outperformed as the BoJ maintained the Rinban purchase amount
  • Commodities contained with specifics light, modest support on China property caveated by...
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  • European equities are mostly lower whilst US futures gain modestly
  • Dollar is firmer paring back some of the CPI-induced losses, AUD lags after mixed employment data
  • Bonds are steady, though with a very mild negative bias
  • Crude benchmarks are flat, XAU is rangebound and base metals are mixed
  • Looking ahead, US IJC, Philly Fed, BoE’s Greene, Fed’s Harker, Mester, Bostic & Barr. Earnings: Applied Materials, Deere...
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  • APAC stocks took impetus from the gains on Wall St where major indices rallied to fresh record highs.
  • European equity futures indicate a positive open with Euro Stoxx 50 future up 0.2% after the cash market closed up 0.4% on Wednesday.
  • DXY took a breather from yesterday's data-induced losses, JPY continues to gain vs. the USD. 
  • Bund futures continued their advances and crude futures remained...
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  • European bourses are mostly firmer, US futures flat ahead of US CPI & Retail Sales
  • Dollar is weaker, Antipodeans lifted on reports of Chinese support measures, USD/JPY dips
  • Bonds are firmer, continuing the post-PPI strength
  • Crude is in the green, XAU is supported given the softer Dollar & base metals are in the green
  • Looking ahead, US CPI & Retail Sales. Comments from Fed’s Kashkari. Earnings from Cisco...
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  • APAC stocks traded mostly higher following the momentum from the US where the Nasdaq posted a fresh record close.
  • European equity futures indicate a firmer open with Euro Stoxx 50 futures up 0.2% after the cash market closed flat on Tuesday.
  • DXY is sub-105, EUR/USD sits on a 1.08 handle, Cable tested 1.26 and antipodeans outperform.
  • Crude futures rebounded from the prior day's losses with prices helped by private sector inventory...
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  • Equities are mixed, with trade tentative ahead of US PPI & Powell
  • Dollar is flat, GBP softer following commentary from BoE’s Pill
  • Bonds are firmer, taking a further leg higher after BoE’s Pill before paring on ZEW
  • Crude is flat with oil-specific newsflow light, XAU is firmer and base metals are mixed
  • White House says US President Biden is directing the USTR to increase tariffs on USD 18bln of imports from...
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  • APAC stocks lacked firm conviction after the indecisive performance in the US ahead of key events.
  • European equity futures indicate a flat to incrementally firmer open with Euro Stoxx 50 futures near the unchanged mark after the cash market closed down by 0.1% on Monday.
  • FX markets are contained with DXY caged in a tight range, EUR/USD failed to sustain a 1.08 handle, USD/JPY gained a firmer footing above 156.
  • Bunds were steady...
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  • European bourses are mixed and trade around the unchanged mark; US futures are modestly firmer
  • Dollar is slightly softer weighed on by recent EUR strength, NZD lags
  • Bonds are incrementally firmer, though within contained ranges
  • Crude benchmarks are on the front foot, XAU is softer and base metals are mixed
  • Overnight focus on mixed Chinese data and then upcoming ultra-long issuance, latter development providing...
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