30 Nov 2021, 12:02 by Newsquawk Desk
- Initial momentum for APAC equities was faded; European stocks remain under pressure
- This sentiment has seeped into US equity futures; RTY lags, NQ is cushioned by softer yields
- Moderna chief predicts that existing vaccines will be much less effective against the Omicron variant
- WSJ reported Regeneron's and Eli Lilly's COVID antiviral cocktails had lost efficacy vs the Omicron variant
- Oxford University said there is...
30 Nov 2021, 06:55 by Newsquawk Desk
- Initial momentum for APAC equities was faded amid downbeat comments from the Moderna CEO
- Moderna chief predicts that existing vaccines will be much less effective against the Omicron variant
- Chinese Manufacturing PMI (Nov) 50.1 vs. Exp. 49.6 (Prev. 49.2)
- Fed Chair Powell stated that the Omicron variant pose downside risks to employment and increased uncertainty for inflation
- The DXY heads into the European session...
29 Nov 2021, 12:00 by Newsquawk Desk
- Bourses in Europe are experiencing a mild broad-based rebound; US equity futures also see gains across the board
- South African Medical Association Chairwoman Coetzee said the new Omicron variant has resulted in mild symptoms so far
- DXY resides in a tight range, activity currencies are faring well; Friday's outperformers lag
- OPEC is to delay this week's JTC and JMMC meetings by two days. OPEC and OPEC+ meeting dates...
29 Nov 2021, 09:00 by Newsquawk Desk
- MON: German CPI Prelim. (Nov), EZ Economic Sentiment/Consumer Confidence Final (Nov), Canadian Producer Prices (Oct), Japanese Unemployment Rate (Oct); Iranian Nuclear Negotiations resume.
- TUE: New Zealand NBNZ Business Outlook (Nov), Australian Building Approvals (Oct), Chinese NBS & Composite PMIs (Nov), German Import Prices (Oct), Swiss KOF (Nov), German Unemployment (Nov), EZ CPI Flash (Nov), Canadian GDP (Q3), US Chicago PMI (Nov), Australian Manufacturing PMI Final...
29 Nov 2021, 06:55 by Newsquawk Desk
- Asia-Pac stocks traded cautiously and US equity futures rebounded from Friday’s hefty selling
- South African Medical Association Chairwoman Coetzee said the new Omicron variant has resulted in mild symptoms so far
- NIH Director Collins is optimistic that current vaccines are likely to protect against the Omicron
- The DXY has attempted to claw back some of Friday's losses. Activity currencies are faring well
- OPEC is to...
26 Nov 2021, 11:30 by Newsquawk Desk
- European equities are trading markedly lower (Stoxx 600 -2.9%) with losses in the Stoxx 600 extending to 3.8% WTD; ES -1.9%, RTY -4.2%
- The new variant is said to be the most evolved strain so far, prompting fears that it could be worse than Delta
- USTs and Bunds are notably firmer and safe-havens (JPY, CHF) lead the way in the G10 FX space
- WTI crude futures declined 6% to breach the USD 73.00/bbl level to the...
26 Nov 2021, 06:55 by Newsquawk Desk
- Asian equities and US futures are on the backfoot with markets spooked by new COVID variant concerns
- The new variant is said to be the most evolved strain so far, prompting fears that it could be worse than Delta
- USTs and Bunds are notably firmer and safe-havens (JPY, CHF) lead the way in the G10 FX space
- WTI crude futures declined nearly 3% to breach the USD 76.00/bbl level to the downside
- Looking ahead, highlights...
25 Nov 2021, 06:54 by Newsquawk Desk
- Asian equities traded mixed following the mostly constructive lead from the US which saw the NQ outperform
- FOMC minutes showed that some policymakers wished for a faster pace of purchases
- In FX, the DXY has marginally retreated after approaching 97.00, EUR/USD briefly lost 1.12 status
- Looking ahead, highlights include German GDP, Riksbank Rate Decision, ECB Minutes, ECB's Elderson, Schnabel, Lagarde, supply from Italy. US market closures for...
24 Nov 2021, 11:43 by Newsquawk Desk
- European bourses are subdued after initial firmer/mixed performance faded on German COVID-19 concerns, DAX -0.9%, ES -0.4%
- German coalition announcement due ~14:00GMT/09:00EST, focus on any COVID commentary given recent outgoing-government rhetoric
- DXY has risen to fresh YTD highs though JPY retains a modest bid while Bunds have whipsawed on COVID and poor issuance, USTs comparably more contained pre-data
- RBNZ hiked the OCR by 25bps to 0.75%...
24 Nov 2021, 06:54 by Newsquawk Desk
- Asia-Pac equity indices were mixed following the choppy performance of their US counterparts
- In FX, the DXY continues to hover around the 96.50 mark, NZD lags
- RBNZ hiked the OCR by 25bps to 0.75% as expected and vowed to take a steady approach going forward
- Oil prices held on to the prior day's gains after Brent and WTI crude futures rallied by more than 3% and 2% respectively
- Looking ahead, highlights include German...
23 Nov 2021, 11:47 by Newsquawk Desk
- European bourses are subdued after a mixed APAC handover with newsflow minimal and focused on the SPR, COVID and Biden's speech
- US futures are modestly lower, ES -0.2%, but performance has been comparably more contained following yesterday's late-doors selling pressure
- US President Biden to speak at 19:00GMT/14:00EST, via Politico; will be speaking on the economy and lowering prices
- The DXY has dipped from YTD highs but remains in proximity...
23 Nov 2021, 06:54 by Newsquawk Desk
- Asia-Pac stocks traded mixed following a similar performance in the US where the Nasdaq underperformed alongside firmer yields
- In FX, the DXY made further YTD highs, placing additional pressure on major counterparts
- A source report noted that the US Energy Department will announce a loan of oil from the SPR on Tuesday
- US President Biden's administration is reportedly mulling sending military advisers and new weapons to...
22 Nov 2021, 11:45 by Newsquawk Desk
- European bourses are mixed with catalyst sparse and focus on COVID; US futures firmer with RTY marginally outperforming
- FX is contained, DXY is softer but retaining 96.00; core debt has dipped after initial upside moves failed at key levels in thin volume pre-supply
- PBoC-backed China Foreign Exchange Committee instructed bank traders to limit speculation on the Yuan
- German coalition agreement could be attained as early as Monday or Tuesday...
22 Nov 2021, 06:52 by Newsquawk Desk
- Asia-Pac stocks traded mixed; US equity futures trade with mild gains
- On Friday, Fed’s Clarida suggested discussing the speeding of tapering, whilst Fed’s Waller said his preference is for the Fed to accelerate the taper
- PBoC-backed China Foreign Exchange Committee instructed bank traders to limit speculation on the Yuan
- German coalition agreement could be attained as early as Monday or Tuesday this week, according to...
19 Nov 2021, 11:40 by Newsquawk Desk
- Pronounced and broad based risk-off move was seen as Austria announced a hard lockdown and Germany refused to rule such measures out
- The back-to-back news pushed the DXY and Bunds above 96.00 and 172.00 respectively, Brent fell below USD 79.50/bbl; equities were pressured
- US House Democrat leaders are aiming for a vote on “Build Back Better” on Friday; CBO says the bill is not fully paid for
- Chinese Premier Li says China's economy is seeing...
19 Nov 2021, 06:52 by Newsquawk Desk
- Asia-Pac stocks traded mostly positive; Hang Seng lagged amid substantial losses in Alibaba
- S&P 500 and Nasdaq notched fresh record closes; overnight US equity futures drifted higher
- In FX, the DXY remained above 95.50, EUR/USD tested 1.1350 to the downside and AUD narrowly outperformed
- A compromise over the European Court of Justice could be within reach in Northern Ireland Protocol talks, according to...
18 Nov 2021, 11:51 by Newsquawk Desk
- Major bourses in Europe are choppy; US equity futures have been grinding higher in early European hours
- In FX, the DXY pulled back modestly from the 96.00 mark whilst the NZD/USD outperforms; EUR/USD and GBP/USD trade sideways
- New COVID-19 restrictions for Germany are to be announced around lunchtime today, Sky's Parson's
- China National Food and Strategic Reserves Administration stated that it was working on the release of crude...
18 Nov 2021, 06:56 by Newsquawk Desk
- Asia-Pac stocks traded mostly negative with sentiment in the region subdued; Hong Kong lagged
- In FX, the DXY pulled back modestly from the 96.00 level whilst NZD/USD outperformed
- US and China reportedly agreed after the Biden-Xi meeting to embrace frequent interactions in the next 3-4 months
- China National Food and Strategic Reserves Administration stated that it was working on the release of crude reserves
- UK and EU...
17 Nov 2021, 11:41 by Newsquawk Desk
- Risk sentiment is contained with fresh catalysts slim after a mixed APAC handover and ahead of numerous Central Bank speakers, ES U/C
- DXY remains near-96.00 after briefly surging above the mark with peers mixed but contained and NZD outperforming on domestic lockdown updates
- TRY has been knocked to fresh record lows against the USD amid familiar commentary from Erdogan on interest rates ahead of tomorrow's CBRT announcement
- US asks China to...
17 Nov 2021, 06:55 by Newsquawk Desk
- Asian equity markets traded mixed and struggled to sustain the positive lead from the US
- The S&P 500 reclaimed the 4,700 level and briefly approached to within four points of its all-time high
- In FX, the DXY has breached 96.00 to the upside, sending EUR/USD below 1.13 and USD/JPY to a four year high
- US President Biden said that he will make a final decision about Fed Chair in about four days
- Looking ahead,...
16 Nov 2021, 11:45 by Newsquawk Desk
- European bourses/US futures diverge with Europe firmer after a mixed APAC session while US peers remain tentative ahead of retail/IP data
- Opening remarks at the Biden-Xi virtual meeting set a friendly tone although expectations had been lowered ahead of the event
- Chinese President Xi said both sides must increase communication and cooperation
- German Energy Regulator has temporarily suspended certification for Nord Stream 2; subsequently,...
16 Nov 2021, 06:54 by Newsquawk Desk
- Asia-Pac stocks traded mixed in a slight improvement from the inconclusive Wall St. handover
- Opening remarks at the Biden-Xi virtual meeting set a friendly tone although expectations had been lowered ahead of the event
- Chinese President Xi said both sides must increase communication and cooperation
- The DXY has seen a mild pullback from advances above 95.50. EUR/USD remains sub-1.14
- Looking ahead, highlights include...
15 Nov 2021, 11:43 by Newsquawk Desk
- European bourses and US futures remain contained after an indecisive APAC session on mixed data ahead of Biden-Xi meeting
- Releases included better than expected Chinese activity data and a miss on Japanese GDP
- Biden-Xi meeting is aimed at setting the terms of trade to avoid future conflict, tariffs not expected to be on the agenda
- DXY remains softer on the session but holds onto 95.00 after briefly losing it overnight, peers are broadly...
15 Nov 2021, 09:00 by Newsquawk Desk
- MON: Chinese Retail Sales & Industrial Output/Production (Oct), Japanese Capacity Utilisation (Sep), Indian WPI (Oct), Swedish CPIF (Oct), EZ Eurostat Trade (Sep), US NY Fed Manufacturing (Nov), Canadian Manufacturing Sales (Sep).
- TUE: RBA Minutes (Nov), NBH Policy Announcement, IEA OMR; UK Unemployment (Sep)/Claimant Count (Oct), Swedish Money Market CPIF Inflation (Nov), EZ Employment Flash (Q3), GDP Estimate/Flash (Q3), US Export /Import Prices, Retail Sales, Industrial...
15 Nov 2021, 06:53 by Newsquawk Desk
- Asian equity markets began the week with a lack of firm direction as the region digested varied tier-1 economic data
- Releases included better than expected Chinese activity data and a miss on Japanese GDP
- DXY heads into the European session around the 95.00 mark. Antipodeans lead gains vs. the USD
- White House said it is looking at every tool in its arsenal to address the rise in gas prices
- Looking ahead, highlights...