07 Feb 2023, 11:15 by Newsquawk Desk
- European bourses are modestly firmer, Euro Stoxx 50 +0.2%, after yesterday's pronounced pressure and ahead of key Central Bank speak.
- Stateside, the picture is very similar to the above though the NQ +0.3% is the incremental outperformer with US yields ever so slightly softer.
- DXY steady around 103.500 in advance of Fed chair Powell, Aussie boosted by hawkish RBA hike and guidance overnight
- Core EGBs are softer, though off worst levels, with...
07 Feb 2023, 06:50 by Newsquawk Desk
- APAC stocks eventually traded mixed after the weak lead from global counterparts as markets continued to ramp up hawkish Fed pricing.
- RBA lifted the Cash Rate by 25bps to a fresh decade-high and signalled further rate increases ahead.
- European equity futures are indicative of a contained open with the Euro Stoxx 50 +0.1% after the cash market closed down 1.2% yesterday.
- DXY has held onto a bulk of recent gains, AUD outperforms post-RBA,...
06 Feb 2023, 11:29 by Newsquawk Desk
- European bourses are lower across the board, Euro Stoxx 50 -1.5%, as Friday's post-NFP price action continues to reverberate with the NQ lagging.
- DXY continues to climb as US yields rise across the curve, to the detriment of G10 peers.
- Additionally, the JPY has been particularly hampered by since refuted reports that current BoJ Deputy Amamiya could be the gov'ts nominee for Governor
- Core fixed income continues to fall with yields higher...
06 Feb 2023, 06:50 by Newsquawk Desk
- APAC stocks began the week mostly on the back foot after last Friday’s losses in the US (S&P 500 -1.0%)
- Reports suggest Japan’s government sounded out BoJ's Amamiya for the position of Governor; later refuted
- European equity futures are indicative of a lower open with the Euro Stoxx 50 -0.7% after the cash market closed up 0.4% on Friday
- DXY lingers around the 103 mark, JPY lags post-BoJ reporting, EUR/USD sits on a 1.07...
03 Feb 2023, 14:00 by Newsquawk Desk
- MON: US Secretary of State Blinken to visit China (TBC), Australian Retail Sales (Q4), EZ Sentix Index (Feb), EZ Retail Sales (Dec), New Zealand National Day.
- TUE: RBA Announcement, US Trade Balance (Dec), Canadian Trade Balance (Dec), EIA STEO.
- WED: RBI Announcement, NBP Announcement, Banxico Announcement, BoC Minutes.
- THU: Riksbank Announcement, EU Leaders' Summit on US Inflation Reduction Act.
- FRI: EU...
03 Feb 2023, 11:32 by Newsquawk Desk
- European bourses trade mostly lower, with little in terms of news flow since the cash open as participants look ahead to the US jobs number.
- US tech giants see losses in the pre-market following earnings, AAPL -3.5%, AMZN -5.7%, GOOG -4.9%.
- DXY has given up earlier gains after testing levels close to 102.00 before warning towards 101.50, EUR and GBP reside as the current outperform.
- Bunds have been down to 138.56 for a 137 tick retracement...
03 Feb 2023, 06:49 by Newsquawk Desk
- APAC stocks were mixed as participants digested the latest bout of central bank rate hikes and a slew of earnings releases; strong Chinese data failed to inspire.
- Nasdaq 100 (-1.4%) futures pressured as tech giants Apple, Alphabet and Amazon all fell in extended trade post-earnings.
- European equity futures are indicative of a marginally softer open with the Euro Stoxx 50 -0.1% after the cash market closed up 1.7% yesterday.
- FX markets were...
02 Feb 2023, 11:10 by Newsquawk Desk
- European bourses are benefitting from post-FOMC tailwinds with heavyweight earnings reports bolstering performance; US futures are more contained overall.
- However, the NQ is the standout outperformer post-META, +19% pre-market.
- The DXY has reclaimed and marginally extended above the 101.00 mark to a current 101.27 peak, after printing a fresh YTD trough at 100.81 post-Fed, to the modest detriment of peers.
- USTs have seemingly paused for...
02 Feb 2023, 06:50 by Newsquawk Desk
- FOMC hiked rates by 25bps as expected; noted that inflation has eased somewhat but remains elevated.
- US stocks (S&P 500 +1.05%) and bonds rallied as the dollar tumbled in the aftermath of the FOMC.
- European equity futures are indicative of a higher open with the Euro Stoxx 50 +0.7% after the cash market closed up 0.2% yesterday.
- DXY remains pressured with the index on a 100 handle, EUR/USD is above 1.10 ahead of ECB, Cable lingers just...
01 Feb 2023, 11:25 by Newsquawk Desk
- European bourses are little changed overall but with a modest positive bias, Euro Stoxx 50 +0.2%, ahead of data points and the FOMC.
- Stateside, futures are a touch softer after yesterday's strength, ES -0.4%, with an after-market update from Snap weighing on peers
- The DXY is subdued and holding modestly below the 102.00 mark with slightly softer US yields vs global peers exerting pressure
- EGBs are firmer but well off initial best levels,...
01 Feb 2023, 06:50 by Newsquawk Desk
- APAC stocks traded higher after the positive lead from Wall St, although gains were capped ahead of the FOMC and after disappointing Chinese Caixin Manufacturing PMI.
- European equity futures are indicative of a slightly higher open with the Euro Stoxx 50 +0.1% after the cash market closed up 0.1% yesterday.
- DXY is flat and just above the 102 mark with major FX pairs relatively contained.
- The Times reports that the UK and EU reached...
31 Jan 2023, 11:25 by Newsquawk Desk
- European bourses are lower across the board, Euro Stoxx 50 -0.6%, as the upside after France's CPI fizzled out and reverted back to softer APAC performance.
- Stateside, futures are similarly pressured and have been in-fitting with European peers throughout the session ahead of key Employment Cost data, ES -0.5%.
- USD is on the front foot amid the downturn in risk sentiment, EUR pressured post-French CPI while Antipodeans lag despite strong Chinese...
31 Jan 2023, 06:50 by Newsquawk Desk
- APAC stocks declined following the weak lead from global counterparts, while a rebound in Chinese PMI data failed to inspire a rally in the region.
- IMF raised its 2023 global GDP growth forecast to 2.9% from 2.7% citing resilience in advanced economies and China reopening.
- European equity futures are indicative of a weaker open with the Euro Stoxx 50 -0.6% after the cash market closed down 0.5% yesterday.
- DXY is back on a 102 handle, AUD...
30 Jan 2023, 11:25 by Newsquawk Desk
- European bourses are in the red, Euro Stoxx 50 -1.0%, as a mixed APAC handover was superseded by a broad-based hawkish reaction to hot Spanish inflation.
- Stateside, futures are similarly pressured with the NQ -1.2% lagging though it remains above 12k.
- The DXY was already capped by 102.00 but following Spanish inflation has slipped to a 101.66 trough as EUR/USD lifts comfortably above 1.09 from a 1.0853 base in the ensuing hawkish...
30 Jan 2023, 06:50 by Newsquawk Desk
- APAC stocks were mixed with some of the regional bourses cautious heading into this week’s plethora of risk events.
- European equity futures are indicative of a weaker open with the Euro Stoxx 50 -0.4% after the cash market closed up 0.1% on Friday.
- DXY lingers just below 102 with FX markets largely contained. JPY narrowly leads the majors, AUD lags.
- US President Biden will host House Speaker McCarthy at the White House on Wednesday;...
27 Jan 2023, 14:53 by Newsquawk Desk
- MON: Swiss KOF (Jan), Japanese Retail Sales (Dec), Unemployment (Dec), UK Nationwide House Price (Jan)
- TUE: Australian Retail Sales (Dec), Chinese NBS PMIs (Jan), German Import Prices (Dec), Retail Sales (Dec), UK M3 (Dec), EZ GDP Flash/Prelim. (Q4), US Employment Cost/Wages (Q4)
- WED: Chinese Caixin Final Manufacturing PMI (Jan), EZ, UK and US Final Manufacturing PMI (Jan), EZ Flash CPI (Jan), OPEC+ JMMC Meeting, US Quarterly Refunding, US ISM Manufacturing...
27 Jan 2023, 11:25 by Newsquawk Desk
- European bourses are near unchanged levels, Euro Stoxx 50 +0.3%, though a very mild positive skew is seen in quiet post-earnings newsflow.
- LVMH slips with attention on lower margins, Intel (-9.5% pre-market) lags after a miss on the headline metrics and a weak market outlook; NQ -0.5% and lagging.
- DXY is firmer but somewhat mixed vs peers, with the index sub-102.00 as the JPY outperforms after hot Tokyo CPI.
- Core benchmarks have continued to...
27 Jan 2023, 06:48 by Newsquawk Desk
- APAC stocks traded with a positive bias following the encouraging handover from Wall Street which saw the Nasdaq lead the charge.
- European equity futures are indicative of a higher open with the Euro Stoxx 50 +0.3% after the cash market closed up 0.6% yesterday.
- US equity futures were softer (ES -0.3%) as participants reflected on Intel's earnings miss and weak guidance.
- DXY sits just below the 102 mark, major pairs are largely contained...
26 Jan 2023, 11:20 by Newsquawk Desk
- European bourses are firmer across the board, Euro Stoxx 50 +0.6%, with a busy morning for earnings dictating the state of play ahead of European heavyweight LVMH.
- Stateside, futures are firmer across the board, ES Mar'23 +0.2% and comfortably above the 4k mark while the NQ outperforms post-TSLA
- DXY has bounced from a minor new YTD low, with peers mixed and relatively rangebound.
- Core fixed benchmarks have continued to ease from best levels,...
26 Jan 2023, 06:48 by Newsquawk Desk
- APAC stocks traded somewhat mixed amid key holiday closures and after the flat handover from Wall St.
- European equity futures are indicative of a higher open with the Euro Stoxx 50 +0.7% after the cash market closed down 0.1% yesterday.
- DXY remains on a 101 handle, EUR/USD sits just north of 1.09, Cable lingers around 1.24 and CAD remains on the backfoot.
- Crude futures were kept rangebound whilst Bund futures traded sideways...
25 Jan 2023, 11:30 by Newsquawk Desk
- European bourses are pressured across the board, Euro Stoxx 50 -0.6%, after a sluggish post-MSFT start to the session and thereafter a further waning in the general risk tone.
- Stateside, futures are all in the red with the NQ -1.2% lagging and the ES Mar'23 below 4k and its 200-DMA at 3999, to a 3996.5 session trough.
- DXY has benefitted from the decline in sentiment, to the detriment of GBP and EUR while AUD outperforms post-CPI.
- Core fixed...
25 Jan 2023, 06:42 by Newsquawk Desk
- APAC stocks were mixed after the indecisive performance stateside, while the region also digested firmer-than-expected inflation data from Australia and NZ.
- Microsoft beat on the bottom line and Cloud revenue, but later faded after-market gains following weak guidance in its conference call.
- European equity futures are indicative of a softer open with the Euro Stoxx 50 -0.3% after the cash market closed up 0.1% yesterday.
- 102 acted as a...
24 Jan 2023, 11:25 by Newsquawk Desk
- European bourses are a touch softer overall, Euro Stoxx 50 -0.2%, and relatively unreactive to better-than-expected EZ Flash PMIs.
- Stateside, futures are posting similar price action with the ES -0.2% but above 4k, ahead of data points and key earnings including MSFT.
- The USD has benefitted from a PMI-induced decline in Sterling while JPY is the marked outperformer but has eased from best levels.
- EGBs were initially bolstered by technical...
24 Jan 2023, 06:49 by Newsquawk Desk
- APAC stocks were positive and took impetus from the tech rally on Wall Street in what was another session subject to mass market closures.
- European equity futures are indicative of a higher open with the Euro Stoxx 50 +0.3% after the cash market closed up 0.8% yesterday.
- DXY remains sub-102, JPY leads the majors with USD/JPY eyeing 130 to the downside, EUR/USD and GBP/USD sit on 1.08 and 1.23 handles respectively.
- ECB President Lagarde...
23 Jan 2023, 11:15 by Newsquawk Desk
- European bourses are modestly firmer, Euro Stoxx 50 +0.2%, amid a relatively quiet start to the week given the mass APAC closures from the Lunar New Year holiday.
- Stateside, futures are essentially unchanged, with the ES capped by 4k and the Fed blackout period underway going into the second busiest week of earnings this season.
- The DXY has eased further to the benefit of most peers across the board as the Fed blackout period...