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- European bourses are in the red, Euro Stoxx 50 -1.0%, as a mixed APAC handover was superseded by a broad-based hawkish reaction to hot Spanish inflation.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...
23 Jan 2023, 06:50 by Newsquawk Desk
- APAC stocks began the week with a positive bias but with gains capped amid mass closures across the region.
- European equity futures are indicative of a higher open with the Euro Stoxx 50 +0.4% after the cash market closed up 1.6% Friday.
- DXY has retreated further beneath the 102 mark, EUR/USD is at a 9-month high, JPY lags G10 FX.
- ECB’s Knot said to expect the ECB to hike by 50bps in February and March, followed by more steps in May and...
20 Jan 2023, 14:51 by Newsquawk Desk
- MON: BoJ Minutes (Dec); Australian Flash PMIs (Jan).
- TUE: Australian NAB Business Confidence (Dec), German GfK (Feb), EZ, UK & US Flash PMIs (Jan), New Zealand CPI (Q4), UK CBI Trends (Jan).
- WED: BoC Policy Announcement; Australian CPI (Dec/Q4), German Ifo (Jan).
- THU: CBRT Minutes & Inflation Report (Jan), US Durable Goods (Dec), GDP Advance (Q4), PCE Prices Advance (Q4), IJC (w/e 16th Jan), National Activity Index (Dec),...
20 Jan 2023, 11:35 by Newsquawk Desk
- European bourses are firmer, Euro Stoxx 50 +0.5%, but are currently still set to end the week with modest losses
- Stateside, futures are mixed/flat, ES +0.1% holding around 20 points above the 3900 mark, with the 100- & 21- DMAs at 3900 and 3904 respectively.
- DXY has struggled to make any meaningful headway thus far, though it has derived support from a marked pullback in the JPY while antipodeans lead.
- EGBs continue to slip as ECB's...
20 Jan 2023, 06:50 by Newsquawk Desk
- APAC stocks traded higher following the weak performance by global peers (S&P 500 -0.76%)
- European equity futures are indicative of a higher open with the Euro Stoxx 50 +0.5% after the cash market closed down 1.9% yesterday
- US equity futures are marginally firmer (ES +0.3%), albeit the ES is still firmly below the 4k mark
- DXY tested 102 to the downside, JPY lags the majors with USD/JPY back above 129, antipodeans...
19 Jan 2023, 11:30 by Newsquawk Desk
- European bourses are pressured across the board, Euro Stoxx 50 -1.2%, as ECB officials continue to pushback on dovish reports.
- US futures are lower across the board, as the ES continues to move below 4k ahead of more earnings and key Fed speak, ES -0.5%.
- DXY was seemingly capped on approach to 102.50 amid a general downturn in risk with the USD facing pressure from the Euro and Yen while antipodeans lag.
- ECB's Knot says planning to hike by...
19 Jan 2023, 06:50 by Newsquawk Desk
- APAC stocks were mixed with most major indices rangebound following the negative lead from Wall St (S&P 500 -1.56%).
- European equity futures are indicative of a weaker open with the Euro Stoxx 50 -0.6% after the cash market closed flat yesterday.
- DXY is contained on a 102 handle, EUR/USD and USD/JPY are back below 1.08 and 128 respectively, antipodeans lag.
- Crude futures weakened after the bearish private sector inventory data, fixed...
18 Jan 2023, 11:35 by Newsquawk Desk
- The BoJ defied some market bets and stuck with its ultra-easy policy settings and reaffirmed its dovish guidance.
- European bourses are contained overall, Euro Stoxx 50 +0.1%, as the dovish BoJ fails to provide impetus with US futures similarly steady
- USD/JPY jumps to 131.57 from the low 128.00 area at one stage, DXY rebounds accordingly to 102.900 before experiencing a sharp reversal
- Core fixed benchmarks have picked off the European...
18 Jan 2023, 06:50 by Newsquawk Desk
- The BoJ defied some market bets and stuck with its ultra-easy policy settings and reaffirmed its dovish guidance.
- APAC stocks were positive albeit with price action mostly kept rangebound after the weak lead from Wall Street.
- European equity futures are indicative of a higher open with the Euro Stoxx 50 +0.3% after the cash market closed up 0.4% yesterday.
- JPY is the standout laggard in G10 FX with USD/JPY venturing as high as 131.57...
17 Jan 2023, 11:30 by Newsquawk Desk
- European equities trade marginally lower following a mixed APAC lead, US futures in-fitting
- A choppy session thus far for the USD, to the mixed fortune of peers with the CNH softer despite Chinese data
- Core fixed benchmarks are downbeat after UK and German data, with USTs in tandem directionally but with magnitudes more contained ahead of Fed's Williams
- WTI and Brent diverge given the lack of settlement while both precious and base metals...