Newsquawk

Blog

  • European bourses are lower across the board, Euro Stoxx 50 -0.8%, as a broader risk-off move takes hold
  • Stateside, futures are in-fitting with this bit lifting incrementally off worst levels going into the US session
  • DXY climbs to a fresh YTD peak at 106.24, to the detriment of peers across the board though safe-havens are, relatively speaking, outperforming
  • Associated upside in fixed income has waned from initial highs, though associated...
Categories:
  • APAC stocks traded mostly positive amid a pick-up from the holiday lull although Chinese markets faltered.
  • European equity futures are indicative of a higher open with Eurostoxx 50 +0.7% after the cash market closed up by 0.5% yesterday.
  • DXY is contained, JPY lags G10 FX with USD/JPY above 136.00, AUD was softer post-RBA rate hike. 
  • RBA hiked rates by 50bps, as expected, while it refrained from any hawkish surprises and reiterated its...
Categories:
  • APAC stocks traded mixed as early momentum in the region was partially offset by Chinese default and COVID concerns
  • US equity futures pulled back after Friday's gains with demand sapped amid the long weekend in the US
  • DXY traded rangebound amid the mixed risk appetite, EUR/USD and GBP/USD lacked direction, and USD/JPY remained subdued
  • The Biden administration is said to be split on whether to remove Chinese tariffs, according to FT...
Categories:
  • MON: German Trade Balance (May), EZ Sentix Index (Jul); US Independence Day.
  • TUE: RBA Announcement, South Korean CPI, EZ/UK/US Final Services and Composite PMI (Jun), US Durable Goods R (May).
  • WED: FOMC Minutes. German Industrial Orders (May), EZ Retail Sales (May), US ISM Services PMI (Jun).
  • THU: ECB Minutes, Australian Trade Balance (May), Swiss Unemployment (Jun), Canadian Trade Balance (May), US ADP National Employment (Jun),...
Categories:
  • European bourses are now mostly in the green to varying degrees after nursing opening losses
  • US equity futures remain in negative territory but off worst levels as the contracts coat-tail on some of Europe's upside
  • In FX, Dollar regroups after a late month-end fade amidst broad gain, JPY outperforms whilst high-beta G10s lag
  • Debt futures rack up more safe-haven gains before a recovery in risk sentiment and sharp...
Categories:
  • APAC stocks began the new trading month mostly in the red following a downbeat session on Wall St. which saw the S&P 500 close off its worst H1 performance since 1970
  • Chinese Caixin Manufacturing PMI data rose to its highest level since May 2021
  • European equity futures are indicative of a negative open with Eurostoxx 50 -0.9% after the cash market closed lower by 1.7% yesterday
  • DXY remains sub-105, JPY leads G10 FX whilst antipodeans...
Categories:
  • Risk-off experienced across most markets on the final day of the month, quarter, and half-year
  • European bourses are lower across the board; US equity futures succumb to the downside with NQ underperforming
  • In FX, DXY extends above 105.000, Yen regroups as yields drop, EUR/USD inches lower towards 1.04
  • Debt in demand on safe haven grounds rather than duration as curves steepen on less hawkish/more dovish market...
Categories:
  • APAC stocks were varied at month-end amid a slew of data releases including mixed Chinese PMIs.
  • European equity futures are indicative of a negative open with Eurostoxx 50 -0.5% after the cash market closed lower by 1.0% yesterday.
  • DXY lingers around the 105 mark, EUR/USD dipped as low as 1.0434 overnight, AUD leads G10 FX.
  • Crude futures nursed some of the prior day's losses but with the rebound capped by the mixed risk...
Categories:
  • European bourses are on the backfoot as the region plays catch-up to the losses on Wall Street yesterday
  • US equity futures trade on either side of the unchanged mark with no stand-out performers thus far
  • In FX, Dollar is mostly bid, CHF outperforms, JPY is rangy, EUR sees conflicting inflation prints, and antipodeans lag
  • Bunds unwind all and a bit more of their hefty post-NRW CPI gains as other German states show smaller inflation slowdowns...
Categories:
  • APAC stocks were pressured amid headwinds from the US where disappointing Consumer Confidence data added to growth concerns (S&P 500 -2%)
  • European equity futures are indicative of a softer open with Eurostoxx 50 -0.6% after the cash market closed higher by 0.3% yesterday
  • DXY hovers around the 104.50 mark, EUR/USD maintains 1.05 status and USD/JPY sits on a 136 handle
  • Turkey dropped its opposition to Sweden and Finland’s NATO...
Categories:
  • European bourses are firmer as sentiment picked up heading into the cash open amid encouraging Chinese COVID headlines
  • China is to cut quarantine time for international travellers; Shanghai Disneyland (DIS) will reopen on June 30th
  • US equity futures saw a leg higher in tandem with global counterparts, with the RTY narrowly outperforming
  • Bond reversal continues amidst buoyant risk sentiment, hawkish ECB commentary and...
Categories:
  • APAC stocks were mixed with the region partially shrugging off the lacklustre handover from the US (S&P 500 -0.3%)
  • European equity futures are indicative of a softer open with Eurostoxx 50 -0.4% after the cash market closed higher by 0.2% yesterday
  • DXY continues to hover around the 104 mark with G10 FX muted ahead of the European session
  • French President Macron informed US President Biden of limited extra oil production capacity for...
Categories:
  • European bourses are kicking off the week on the front-foot as global equities see tailwinds from Wall Street’s bounce on Friday
  • Stateside, US equity futures track sentiment higher – with the NQ the current outperformer vs the ES, YM, and RTY
  • In FX, DXY pivots 104.00, Yen benefits from all round fix buying, Aussie lags on Aud/Nzd headwinds, and the Yuan is underpinned
  • Debt futures unwind more recovery gains with EGBs leading the way; T-note...
Categories:
  • APAC stocks were higher across the board as the region took impetus from last Friday's firm gains on Wall St heading closer into month-end
  • European equity futures are indicative of a firmer open with Eurostoxx 50 +0.5% after the cash market closed higher by 2.8% on Friday
  • US is pushing to discuss a price cap on Russian oil during the G7 summit, also looking to ban imports of Russian gold
  • DXY heads into the European session sub-104, JPY leads...
Categories:
  • MON: US Durable Goods (May); BoJ SOO.
  • TUE: NBH Announcement; German GfK Sentiment (Jul).
  • WED: EZ Sentiment Survey (Jun); US GDP Final (Q1).
  • THU: Chinese Official PMIs (Jun); US PCE (May); UK GDP (Q1); German/EZ Unemployment (Jun); German CPI Prelim (Jun); Riksbank Announcement; OPEC Meeting.
  • FRI: Eurozone Flash CPI (Jun); US ISM Manufacturing (Jun).

NOTE: Previews are listed in...

Categories:
  • European bourses have coat-tailed on the positivity seen on Wall Street yesterday; sectors overall project a modest defensive bias
  • US equity futures are firmer across the board – with the NQ narrowly leading the pack, whilst the ES topped resistance at 3,800
  • DXY resides towards the bottom of a relatively contained intraday range, still above 104.00; NZD outperforms
  • Debt recoils after stretching recovery limits further, with trading volumes...
Categories:
  • APAC stocks ultimately followed suit to the gains on Wall St where major indices clawed back opening losses; S&P 500 +1.0%.
  • European equity futures are indicative of a firmer open with Eurostoxx 50 +1.1% after the cash market closed lower by 0.8% yesterday.
  • DXY is a touch softer but still on a 104 handle, antipodeans lead G10 FX and GBP shrugs off a tough night for the Tories.
  • UK PM Johnson's Conservatives lost the two by-elections,...
Categories:
  • European bourses are pressured overall, but well off lows going into the US session, Euro Stoxx 50 -0.2%
  • Broad pressure was seen post-PMIs which missed expectations and featured pessimistic internal commentary; hitting EUR and lifting EGBs
  • EUR impaired by the PMIs which lifted the DXY to a 104.78 peak and pressured peers in turn, though JPY outperforms on risk
  • Fixed firmer on the data with Bunds and OATs leading the way and peers lifted in...
Categories:
  • APAC stocks were mostly positive following the choppy price action on Wall St with lower oil prices and recession fears in focus; S&P 500 -0.17%. 
  • European equity futures are indicative of a softer open with Eurostoxx 50 -0.5% after the cash market closed lower by 0.8% yesterday.
  • DXY is a touch softer but maintains 104 status, EUR/USD encountered resistance around 1.06, JPY leads G10 FX. 
  • Looking ahead, highlights...
Categories:
  • European bourses are subdued, Euro Stoxx 50 -1.9%, as Tuesday's positivity waned in the APAC session as commodities slipped
  • Stateside, futures are in-fitting with the above action, ES -1.4%, where participants are awaiting the first session of testimony from Chair Powell
  • DXY bid but mid-range pre-Powell with peers conforming to the tone as JPY & CHF benefit while activity currencies slip
  • Commodities are, broadly speaking, curtailed...
Categories:
  • APAC stocks were subdued after the risk-on mood from Wall Street (S&P 500 +2.45%) waned overnight amid pressure in commodities.
  • European equity futures are indicative of a lower open with Eurostoxx 50 -1.3% after the cash market closed higher by 0.7% yesterday. 
  • DXY is firmer but still on a 104 handle, EUR/USD has lost 1.05 status, antipodeans lag. 
  • Crude benchmarks took another leg lower as risk appetite in Asia...
Categories:
  • European bourses are firmer and building on Monday's upside, Euro Stoxx 50 +1.1%; US futures are modestly outperforming, ES +1.7%, post-market holiday
  • DXY is downbeat and sub-104.00 at worst; benefitting G10 peers ex-JPY given the region sticking to its monetary policy stance
  • Core debt is within ranges and little changed overall though USTs are incrementally softer and the curve flitting between flattening/steepening
  • Crude lifts amid broader...
Categories:
  • APAC stocks gained across the board amid a broadly constructive global risk tone (US markets closed yesterday)
  • European equity futures are indicative of a higher open with Eurostoxx 50 +0.6% after the cash market closed higher by 0.9% yesterday
  • DXY trades a touch softer, EUR/USD sits on a 1.05 handle, AUD leads G10 FX
  • Crude futures continued to nurse some of Friday's heavy losses, helped by the risk tone and a softer...
Categories:
  • APAC stocks were mostly negative with risk appetite cautious and global markets also likely to be hampered by the absence of US participants today.
  • European equity futures are indicative of a softer open with Eurostoxx 50 -0.3% after the cash market closed higher by 0.3% yesterday.
  • DXY is softer and on a 104 handle, AUD leads G10 FX, EUR/USD is back on a 1.05 handle. 
  • French President Macron failed to win an absolute majority in...
Categories:
  • MON: PBoC LPR
  • TUE: New Zealand Trade Balance (May); Canadian Retail Sales (Apr); RBA Minutes
  • WED: CNB Announcement; UK Inflation (May); Canadian Inflation (May)
  • THU: Norges Bank Announcement; CBRT Announcement; Banxico Announcement; EZ/UK/US Flash PMIs (Jun)
  • FRI: Japanese CPI (May); UK Retail Sales (May); German Ifo Survey (Jun)

NOTE: Previews are listed in...

Categories: