03 Nov 2023, 06:35 by Newsquawk Desk
- Apple was seen lower by 3.4% in after-hours trade amid declining product revenues and soft Chinese performance.
- APAC stocks traded higher as regional bourses tracked the advances in global peers, while disappointing Caixin Services PMI did little to derail the momentum.
- European equity futures are indicative of a higher open with the Euro Stoxx 50 +0.5% after cash market closed up by 1.9% yesterday.
- DXY is softer and just above the 106 mark,...
02 Nov 2023, 10:45 by Newsquawk Desk
- European bourses & US futures are benefitting from a continuation of the post-Fed/Powell price action
- DXY pressured to a 106.15 trough with fixed income bid and long-end yields under pressure
- USD/JPY pressured on the latest BoJ sources while the NOK is ultimately softer after the Norges Bank
- Commodities lifted given the above with specifics somewhat light thus far
- Iran warned of “harsh consequences” if a...
02 Nov 2023, 06:30 by Newsquawk Desk
- FOMC kept rates unchanged as expected and Chair Powell downplayed the September dot plots.
- APAC stocks mostly followed suit to the gains on Wall St which were spurred by soft data and Powell comments.
- European equity futures are indicative of a higher open with the Euro Stoxx 50 +0.7% after cash market closed up by 0.8% yesterday.
- DXY remains softer post-FOMC, EUR/USD pivots around the 1.06 mark, USD/JPY continues to pull back from...
01 Nov 2023, 10:30 by Newsquawk Desk
- US futures are a touch softer ahead of Tier 1 events while European bourses have recovered slightly from initial downside with overall action fairly contained
- USD bid with the index eclipsing its end-October peak, JPY attempts to claw back post-BoJ downside while NZD slips after jobs numbers
- Fixed benchmarks cautious but have managed to benefit modestly from the risk tone
- Crude lifted by Iran’s Khamenei reiterating his call for Muslim...
01 Nov 2023, 06:35 by Newsquawk Desk
- APAC stocks traded predominantly higher albeit with upside capped as the region digested disappointing Chinese Caixin Manufacturing PMI
- Chinese Caixin Manufacturing PMI Final (Oct) 49.5 vs. Exp. 50.8 (Prev. 50.6)
- European equity futures are indicative of a slightly higher open with the Euro Stoxx 50 +0.4% after cash markets closed up by 0.8% yesterday
- DXY is contained following yesterday's gains, JPY attempts to claw back lost ground but...
31 Oct 2023, 10:48 by Newsquawk Desk
- BoJ maintained NIRP and the 10yr JGB yield target at 0% but widened the reference range to 100bps up or down from target
- European bourses & US futures in the green, with Europe unreactive to CPI & GDP data
- Action which followed mixed APAC trade given numerous data release incl. disappointing Chinese PMIs
- USD/JPY to 150.76 peak, DXY below 106.0 with EUR bid while Antipodeans diverge
- Fixed benchmarks...
31 Oct 2023, 06:35 by Newsquawk Desk
- APAC stocks traded mixed amid a deluge of data releases at month-end including disappointing Chinese official PMIs
- BoJ maintained NIRP and the 10yr JGB yield target at 0% but widened the reference range to 100bps up or down from target
- European equity futures are indicative of a slightly softer open with the Euro Stoxx 50 -0.2% after cash markets closed higher by 0.4% yesterday
- DXY is firmer and just below the 106.50 mark, JPY lags...
30 Oct 2023, 10:49 by Newsquawk Desk
- European bourses and US futures in the green ahead of a packed week of Tier 1 events
- DXY slips with AUD outperforming post-data while EUR & JPY are conscious of OpEx
- Debt fades from initial highs with Gilts and USTs now in the red but Bunds still just firmer post-data
- Crude & XAU a touch softer as geopolitical risk premium unwinds slightly from Friday
- Looking ahead, highlights include German Prelim CPI,...
30 Oct 2023, 06:40 by Newsquawk Desk
- APAC stocks ultimately traded mixed but with the major indices mostly in the red as geopolitics continued to dominate headlines ahead of month-end and this week’s slew of upcoming risk events.
- DXY was rangebound, EUR/USD traded steadily, 10-year UST futures were contained, and Bund futures remained firmer after last week’s spoils and recent ECB commentary regarding no more hikes.
- Crude futures reversed most of Friday's gain, while reports also noted Saudi could...
27 Oct 2023, 11:15 by Newsquawk Desk
- US futures are firmer as broader risk appetite is supported post-AMZN/INTC
- European bourses experience divergence as the above tone is offset in places by marked losses in heavyweight Sanofi post-results
- DXY remains above the 106.50 mark with the JPY around 150.00 where marked OpEx resides, PPI supports AUD
- Core fixed income awaits US PCE but retain an underlying bid
- Crude benchmarks benefit from a flare-up in...
27 Oct 2023, 06:35 by Newsquawk Desk
- APAC stocks eventually traded firmer across the board as the well-received earnings from Amazon and Intel pushed sentiment into the positive after the mostly lower close on Wall Street.
- US equity futures resumed trading on a firmer footing as Amazon shares rose by over 5% in the after-market as the Co. was bullish on AWS in its conference call, while Intel shares had soared 7.5% amid high demand for AI products.
- US President Biden ordered strikes against two...
26 Oct 2023, 11:20 by Newsquawk Desk
- Equities are in the red as a blockbuster docket of earnings dominates price action
- Within Europe, Autos & Banking names lag after results from Volvo Cars, Mercedes-Benz, Volkswagen, Standard Chartered, BNP Paribas & many more
- Stateside, Meta slips pre-market with desks citing a cautious/conservative outlook
- DXY in the green while JPY eclipses 150.50 before a brief but sharp pullback, core debt benchmarks near unchanged...
26 Oct 2023, 06:35 by Newsquawk Desk
- APAC stocks traded lower across the board, following the weak lead from Wall Street; Mainland China saw the shallowest losses among the majors.
- Meta shares fell 3.4% after-market during the earnings call despite rising almost 5% post-earnings; Alphabet closed with losses of near 10%.
- DXY found a firmer footing and traded in an APAC range north of 106.50; G10s were softer across the board while USD/JPY approached 150.50.
- European equity...
25 Oct 2023, 11:30 by Newsquawk Desk
- European bourses & US futures are in the red with the breakdown heavily influenced by a busy corporate docket
- Microsoft +3.6% & Google -6.8% in the pre-market, ahead of heavyweights include Meta & Boeing
- DXY eclipses Monday’s best to the modest detriment of peers, AUD gives up post-CPI gains & JPY continues to test 150.0
- Core fixed benchmarks lose initial upward momentum despite strong auctions, modest pressure emanating from...
25 Oct 2023, 06:35 by Newsquawk Desk
- APAC stocks traded mixed following a firmer lead from Wall Street as eyes turned to earnings from heavyweights Microsoft and Alphabet.
- Microsoft shares rose 3.9% and Alphabet tumbled 5.9% with cloud growth in focus. ES and NQ dipped slightly as Microsoft issued its guidance.
- ASX 200 slipped and AUD/USD was boosted by hotter-than-expected Australian CPI, which led to hawkish revisions to some analysts' RBA calls.
- Israeli occupation forces...
24 Oct 2023, 11:35 by Newsquawk Desk
- European bourses & US futures reside in the green despite initial PMI-pressure, focus turns to US mega-caps
- DXY in the green and aided by EUR downside to the modest detriment of peers though AUD outperforms post-Bullock
- EGBs bolstered by the PMIs with yields pressured as such while USTs remain more contained pre-data/supply
- Two-way commodity action on data and subsequent geopolitical/macro updates, crude currently in the...
24 Oct 2023, 06:33 by Newsquawk Desk
- APAC stocks traded mixed following a similar lead from Wall Street with Mainland China leading the gains overnight.
- DXY eventually dipped under the 105.50 mark as Treasury yields held onto losses; EUR/USD rose above its 50 DMA while USD/JPY tested 149.50 to the downside.
- Bitcoin saw a volatile session as prices surged to levels near USD 35,000 before pulling back to around USD 33,000 and then stabilising around USD 34,500 - some cited ETF...
23 Oct 2023, 11:40 by Newsquawk Desk
- Equities in the red as initial European upside dissipates amid the soured risk tone and further yield upside
- USD unable to benefit from the above for much of the morning, but has most recently inched into the green as the US 10yr yield surpasses 5.0%
- JPY shrugs off the latest sources piece around BoJ YCC and resides just shy of 150.00
- Core fixed income benchmarks all reside at session lows with BTPs the outlier and firmer after S&P...
23 Oct 2023, 06:35 by Newsquawk Desk
- APAC stocks traded with losses across the board following the downside seen on Wall Street on Friday; Foxconn shares fell amid a Chinese probe.
- Oil futures, spot gold, and the Swiss Franc unwound some geopolitical risk premium overnight amid no major escalation in the Middle East over the weekend.
- An Israeli official said there will be 'no ceasefire' in Gaza, according to CNN. The US is pressing Israel to delay the Gaza invasion to win hostage...
20 Oct 2023, 11:40 by Newsquawk Desk
- European bourses are following the APAC handover and reside well into the red, US futures lower but nearer unch.
- USD struggling for direction in somewhat narrow parameters as USD/JPY probes 150.00 while GBP slips post-data/BoE speak
- Crude and precious metals firmer with geopolitics continuing to drive action while base metals dip post-APAC trade
- Bunds and USTs remain firmer with long-end yields pulling back a...
20 Oct 2023, 06:27 by Newsquawk Desk
- APAC stocks mostly declined following the losses on Wall St post-Powell and as geopolitical tensions remain high.
- Fed Chair Powell suggested that policy was not too tight but also noted that higher bond yields at the margin could reduce the need for the Fed to tighten.
- Israel's military received the 'green light' to move into Gaza, according to ABC News citing an Israeli official.
- European equity futures are indicative of a lower open with...
19 Oct 2023, 11:30 by Newsquawk Desk
- European bourses and US futures reside in the red with earnings dominating newsflow; NFLX +13.5%, TSLA -4.8%, SAP +4.8%.
- USD has been grinding higher alongside yields to the detriment of peers with the slim exception of EUR & JPY
- Crude benchmarks reside in the red after Wednesday’s gains with metals mixed and spot gold near unchanged
- Reports of renewed heavy shelling by Israel in Gaza while reports indicate Israel won backing from Biden...
19 Oct 2023, 06:35 by Newsquawk Desk
- APAC stocks were lower across the board amid spillover selling from global peers.
- After-hours earnings in the US saw Netflix surge 12.8%, whilst Tesla fell 4.2%.
- European equity futures are indicative of a lower open with the Euro Stoxx 50 future -0.6% after the cash market closed down 1.1% yesterday.
- FX markets are steady with DXY caged in a tight range above 106.50, AUD suffers post-jobs data and USD/JPY continues to eye...
18 Oct 2023, 11:35 by Newsquawk Desk
- European bourses/US futures experience pressure as geopolitical tensions overshadow stronger than expected Chinese activity data
- DXY comfortably above 106.00 but just off best, Yuan unable to benefit from mentioned data while GBP benefits from UK CPI
- Debt benchmarks pressured post-data though have climbed off lows with Bunds probing positive territory post-supply
- Commodities derive support from China and geopols., crude benchmarks hit highs...
18 Oct 2023, 06:35 by Newsquawk Desk
- APAC stocks traded mixed following a similar performance on Wall St while the region also digested the latest Chinese GDP and activity data which topped forecasts.
- The latest geopolitical headlines included news of a strike on a hospital in Gaza which saw both sides point the blame at each other.
- European equity futures are indicative of a slightly softer open with the Euro Stoxx 50 future -0.2% after the cash market closed up 0.1%...