06 Sep 2022, 11:13 by Newsquawk Desk
- European bourses kicked off Tuesday’s trade in the green following a mixed APAC session; US equity futures trade higher
- DXY resides north of 109.50, EUR/USD consolidates, JPY further declined on yield differentials; Yuan came under renewed pressure
- Bunds are off recovery highs but remain firm, Gilts have pulled back, 10yr T-note remains depressed awaiting the return of US cash markets
- WTI and Brent futures have declined below the levels seen...
06 Sep 2022, 06:46 by Newsquawk Desk
- APAC stocks traded somewhat mixed following the holiday lull stateside, RBA hiked by 50bps as expected.
- European equity futures are indicative of a slightly softer open with the Euro Stoxx 50 future -0.2 after the cash market closed down by 1.5% yesterday.
- DXY is back on a 109 handle, GBP is firmer post-Truss victory, EUR/USD hovers around 0.9950, JPY lags G10 FX.
- Crude was choppy overnight although held on to some of the prior day's gains...
05 Sep 2022, 06:41 by Newsquawk Desk
- APAC stocks mostly lacked firm direction despite a soft lead from the US after sentiment was dented by the Gazprom NS1 announcement on Friday.
- European equity futures are indicative of a lower open with the Euro Stoxx 50 future -3.1% after the cash market closed up by 2.5% on Friday.
- DXY is on a firm footing and a 110 handle, EUR/USD has breached 0.99 to the downside, cable is soft ahead of UK PM announcement.
- Russia doesn’t...
02 Sep 2022, 12:58 by Newsquawk Desk
- MON: OPEC+, US/Canadian Labor Day, UK PM/Conservative Leader Announcement; Australian, Japanese, EZ, UK Final Composite/Services PMIs (Aug), Chinese Caixin Services PMI (Aug), Turkish CPI (Aug), EZ Retail Sales (Jul)
- TUE: RBA Policy Announcement; EZ & UK Construction PMIs (Aug), US Final Composite/Services PMIs (Aug), ISM Services PMI (Aug)
- WED: EIA STEO, BoC & NBP Policy Announcements; Australian Real GDP (Q2), Chinese Trade Balance (Aug), German...
02 Sep 2022, 11:30 by Newsquawk Desk
- European bourses are firmer across the board as hawkish yield action in the EZ has eased from yesterday's recent peaks, Euro Stoxx 50 +0.8%.
- Stateside, futures are contained and flat with all focus on the NFP report.
- DXY continues to pullback from its approach of 110.00, now around 109.10 to the benefit of peers ex-JPY
- Comparably contained session overall thus far though Bunds are holding at the lower end of a 85 tick range in limited...
02 Sep 2022, 06:45 by Newsquawk Desk
- APAC stocks were indecisive with price action relatively rangebound after the mixed lead from the US
- European equity futures are indicative of a higher open with the Euro Stoxx 50 future +1.2% after the cash market closed down by -1.7% yesterday
- DXY has pulled back from a test of 110 to the upside, USD/JPY has breached 140 and EUR/USD is back below parity
- The US said the latest Iran response regarding the nuclear deal is not...
01 Sep 2022, 11:35 by Newsquawk Desk
- European bourses are under pressure amid continued hawkish pricing, but off lows as yields ease from highs, Euro Stoxx 50 -1.4%.
- Stateside, a similar picture to fixed with action in-fitting directionally but steadier in terms of magnitudes ahead of data, ES -07%; NQ -1.1% lags given elevated yields.
- DXY around 109.00 having recovered from fresh lows in wake of Russian-driven Yuan appreciation, peers softer across the board ex-CAD &...
01 Sep 2022, 06:50 by Newsquawk Desk
- APAC stocks traded mostly lower following the weak handover from global counterparts and following a surprise contraction in Chinese Caixin Manufacturing PMI.
- European equity futures are indicative of a lower open with the Euro Stoxx 50 future -0.9% after the cash market closed down by 1.3% yesterday.
- DXY is firmer and on a 109 handle, EUR/USD hovers around parity, GBP/USD is sub-1.16 and USD/JPY is at its highest level since 1998.
- US and...
31 Aug 2022, 11:35 by Newsquawk Desk
- Initial upside faded as broader price action took another hawkish turn amid inflation data, Euro Stoxx 50 -1.0%
- Stateside, futures are mixed around the unchanged mark, ES -0.1%, though are similarly well off best levels with data and Fed speak due.
- DXY bid but shy of YTD peak, EUR lags despite HICP with peers generally under modest pressure ex-AUD
- Core benchmarks experienced a fairly contained start to the session, though this proved to be...
31 Aug 2022, 06:50 by Newsquawk Desk
- APAC stocks were mostly negative following the losses across global counterparts which saw losses of around 1% on Wall St.
- European equity futures are indicative of a higher open with the Euro Stoxx 50 future +0.6% after the cash market closed down by 0.2% yesterday.
- DXY hovers around 108.50, AUD leads G10 FX, EUR/USD remains above parity, cable eyes 1.17 to the upside.
- Crude nursed some of its losses after having suffered...
30 Aug 2022, 11:45 by Newsquawk Desk
- European bourses are supported in tandem with pressure in European gas prices, Euro Stoxx 50 +1.7%; US futures firmer across the board
- DXY under 108.50 to the benefit of peers (ex-CHF) and in particular antipodeans and the EUR, latter aided by gas prices
- EGBs bid as benchmarks recoup from Monday's pressure, USTs in-fitting and looking to Fed's Williams
- WTI and Brent futures have pared back around half of the prior day's gains; Iraq output...
30 Aug 2022, 06:50 by Newsquawk Desk
- APAC stocks were mixed following a soft Wall St. lead heading into month-end; S&P 500 -0.67%.
- European equity futures are indicative of a higher open with the Euro Stoxx 50 future +0.6% after the cash market closed down by 0.9% yesterday.
- DXY is back below 109.00, price action in G10 FX is largely contained, EUR/USD hovers around parity.
- Fed's Kashkari (2023 voter) said he was happy to see how Fed Chair Powell's Jackson Hole speech...
29 Aug 2022, 11:30 by Newsquawk Desk
- European bourses are under pressure amid the weekend's central bank hawkishness, Euro Stoxx 50 -1.5%; note, FTSE 100 away for a Bank Holiday.
- US futures are similarly subdued, ES -1.0%, in tandem with Europe as specific updates are somewhat limited ahead of a packed week of data.
- DXY neared 109.50 but has since pulled back below the 109.00 mark with peers under pressure across the board and the JPY lagging.
- EGBs slump following weekend...
29 Aug 2022, 06:50 by Newsquawk Desk
- APAC stocks took their cue from Friday's sell-off on Wall St post-Powell which saw the S&P 500 close lower by 3.4%.
- European equity futures are indicative of a lower open with the Euro Stoxx 50 future -1.3% after the cash market closed down by 1.9% on Friday.
- DXY printed a fresh YTD peak overnight, hawkish ECB talk was unable to support EUR vs. USD, JPY lags G10 FX.
- ECB’s Kazakhs said the ECB should discuss 50bps and 75bps hikes in...
26 Aug 2022, 13:23 by Newsquawk Desk
- MON: EU Defence Ministers Meeting (1/2), UK Summer Bank Holiday; Australian Retail Sales (Jul), Swedish Trade Balance (Jul).
- TUE: EU Defence Ministers Meeting (1/2), NBH Policy Announcement; Japanese Unemployment (Jul), German CPI Prelim. (Aug), UK BoE Consumer Credit (Jul), EZ Consumer Confidence Final (Aug), US Consumer Confidence (Aug), JOLTS (Jul).
- WED: Japanese Retail Sales (Jul), Japanese Consumer Confidence (Aug), Chinese NBS PMIs (Aug), German...
26 Aug 2022, 11:35 by Newsquawk Desk
- European bourses are currently contained, Euro Stoxx 50 -0.2%, as initial price action eased with catalyst thin pre-Powell
- Stateside, futures are under modest pressure, ES -0.4%, and the NQ -0.6% lags slightly given modest yield upside
- DXY fades initial gains with EUR marginally back above parity and peers generally contained though NZD & JPY lag
- Despite fairly pronounced ranges, around 100 ticks in Bunds, the general tone is tentative...
26 Aug 2022, 06:50 by Newsquawk Desk
- APAC stocks took impetus from Wall St where stocks eventually ramped up heading into the close (SPX +1.41%, NDX +1.75%)
- European equity futures are indicative of a higher open with the Euro Stoxx 50 future +0.5% after the cash market closed up by 0.2% yesterday
- DXY is contained on a 108 handle, antipodeans lag G10 FX, EUR/USD remains below parity, cable hovers around 1.18
- EU's Borrell said they have received the US answer to Iran's response...
25 Aug 2022, 11:45 by Newsquawk Desk
- European bourses are essentially unchanged, Euro Stoxx 50 -0.1%, as an initial pronounced foray higher around the cash open that occurred without driver has dissipated.
- Stateside, futures remain modestly firmer but are similarly off best levels, ES +0.5%, ahead of Jackson Hole beginning today (Powell on Friday).
- DXY remains on a softer fitting from the APAC session, peers broadly benefitting though magnitudes differ; Antipodeans outpace, EUR...
25 Aug 2022, 06:42 by Newsquawk Desk
- APAC stocks took impetus from the positive handover from Wall St (S&P 500 +0.3%) but with gains capped as attention remained on the looming Jackson Hole Symposium.
- European equity futures are indicative of a slightly higher open with the Euro Stoxx 50 future +0.3% after the cash market closed up by 0.4% yesterday.
- DXY is softer after the index failed to hold above 109, antipodeans leads G10 FX, EUR/USD hovers around parity.
- It was...
24 Aug 2022, 11:30 by Newsquawk Desk
- Cautious price action in European hours with fresh drivers limited and the docket sparse ahead of Jackson Hole commencing on Thursday (Powell Friday), Euro Stoxx 50 -0.1%
- Stateside, futures are in-fitting both directionally and in terms of magnitude, ES -0.1%.
- DXY has recouped some of Tuesday's pressure, but has failed to make much ground above 108.80; GBP lags while havens outperform
- Initial pronounced EGB pressure briefly abated and...
24 Aug 2022, 06:50 by Newsquawk Desk
- APAC stocks were mixed following the lacklustre lead from global counterparts (SPX -0.26%, NDX -0.07%).
- European equity futures are indicative of soft open with the Euro Stoxx 50 future -0.3% after the cash market closed lower by 0.2% yesterday.
- DXY clawed back some data-inspired losses, JPY leads G10 FX, antipodeans marginally lag.
- Fed’s Kashkari suggested the FOMC can only relax on rate hikes when there is compelling evidence that...
23 Aug 2022, 11:35 by Newsquawk Desk
- European bourses have reversed initial pressure following EZ Flash PMIs, Euro Stoxx 50 +0.2%, which were mostly mixed though noted of less intense price pressures.
- Stateside, futures are firmer, ES +0.2%, and have been in-fitting with European peers throughout the morning awaiting their own Flash PMI metrics.
- DXY reversed earlier gains after coming close to the YTD peak at 109.29 before pulling back; EUR/USD tested 0.99 before...
23 Aug 2022, 06:50 by Newsquawk Desk
- APAC stocks were mostly lower after the negative mood rolled over from global counterparts amid growth and energy-related concerns.
- European equity futures are indicative of a flat open with the Euro Stoxx 50 future unchanged after the cash market closed lower by 1.9% yesterday.
- DXY sits on a 109 handle, EUR/USD remains below parity, antipodeans fare slightly better vs. greenback.
- Saudi Energy Minister said OPEC+ may need to tighten output...
22 Aug 2022, 11:25 by Newsquawk Desk
- European bourses are under pressure, Euro Stoxx 50 -1.8%, amid Nord Stream 1 maintenance.
- US futures are in-fitting both in terms of direction and magnitude, ES -1.3%, amid global recession and inflation fears.
- DXY has extended above Friday's peak as EUR/USD probes parity once as safe havens benefit somewhat from the broader tone
- Action that also saw pronounced initial fixed income upside; however, this has waned as inflation implications...
22 Aug 2022, 06:50 by Newsquawk Desk
- APAC stocks were mostly lower after last Friday’s declines in stocks and bonds across global markets
- DXY traded rangebound near a monthly high, EUR/USD remained lacklustre, and USD/JPY was kept afloat
- Russia is to shut the Nord Stream 1 pipeline for three days citing maintenance; China’s Sichuan extended its factory power cuts
- The PBoC cut the 1-Year LPR by 5bps to 3.65% and reduced the 5-Year LPR by 15bps to 4.30% vs expectations for a...