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...
12 Nov 2021, 11:50 by Newsquawk Desk
- European bourses & US futures are modestly firmer, action has been very rangebound in quiet trade, ES +0.1%
- Russian Defence Ministry says US military activity in the Black Sea is aggressive and poses a threat to regional and strategic stability, IFX.
- DXY remains above 95.00 but the broader complex is mixed with similar performance in fixed income on the return of cash Treasuries
- Johnson & Johnson (JNJ) is planning to split into two...
12 Nov 2021, 06:52 by Newsquawk Desk
- Asian equity markets traded mostly higher following a mixed session in the US
- Stateside, SPX closed flat, DJIA lower, NDX bid, and RUT outperformed
- The DXY has extended on gains above 95.00, adding further pressure to major counterparts
- Mexican Central Bank raised its interest rate by 25bps to 5.0%, as expected
- Looking ahead, highlights include Eurozone Industrial Production, US JOLTS, Uni. of Michigan, ECB's...
11 Nov 2021, 11:52 by Newsquawk Desk
- European bourses are contained with newsflow minimal given Veteran's Day and the light docket; ES +0.3%
- In FX, the DXY has eclipsed 95.00 with peers pressured across the board with Cable losing 1.3400 and EUR/USD approaching 1.1450
- WTI and Brent have been choppy but come under further pressure as the USD picks-up ahead of the OPEC MOMR
- US Senator Manchin could reportedly "punt" Biden's Build Back Better agenda to next year amid inflation...
11 Nov 2021, 06:53 by Newsquawk Desk
- Asian equity markets traded mixed as positive headlines out of China provided reprieve from losses in the US
- Evergrande was reported to have paid the overdue interest on three bonds to avoid a default
- In FX, the DXY tested 95.0 to the upside, EUR/USD trades sub-1.15 and AUD lags post-jobs data
- US Senator Manchin could reportedly "punt" Biden's Build Back Better agenda to next year amid inflation concerns
- Looking...
10 Nov 2021, 11:53 by Newsquawk Desk
- European bourses & US futures are rangebound and directionless ahead of US data, with IJC also due given Veteran's day
- DXY is bolstered having reclaimed 94.00 with peers subdued across the board and NZD lagging on data
- Core debt is subdued pre-CPI with ECB-related updates and another poor German issuance factoring
- Chinese consumer prices registered their fastest increase in more than a year and factory gate prices rose at a fresh record...
10 Nov 2021, 06:53 by Newsquawk Desk
- Asian equity markets traded negatively after a lacklustre handover from Wall Street where the major indices took a break from recent advances
- Chinese consumer prices registered their fastest increase in more than a year and factory gate prices rose at a fresh record pace
- A virtual meeting between US President Biden and Chinese President Xi is reportedly planned for as soon as next week
- The DXY heads into the European session north of 94.00,...
09 Nov 2021, 11:56 by Newsquawk Desk
- European bourses and US futures are contained with fundamental updates minimal and data not moving the dial ahead of Fed speak, ES +0.1%
- FX has seen the DXY lose 94.00 to the modest benefit of peers across the board while core debt is firmer experiencing a grinding bid
- Fed's Brainard was interviewed by President Biden for the Fed Chair role last week, according to reports
- Looking ahead, highlights include US PPI, ECB's Panetta, Lagarde,...
09 Nov 2021, 06:53 by Newsquawk Desk
- Asia-Pac stocks traded indecisively and were unable to benefit from the positive Wall St. handover
- Stateside, the S&P 500 notched an 8th consecutive record close
- In FX, the DXY has lost 94.00 status, JPY leads gains vs. the USD whilst EUR/USD has reclaimed 1.16
- Fed's Brainard was interviewed by President Biden for the Fed Chair role last week, according to reports
- Looking ahead, highlights include German Trade...