28 Feb 2024, 06:40 by Newsquawk Desk
- APAC stocks traded cautiously and followed suit to the rangebound performance seen on Wall St.
- RBNZ kept the OCR unchanged and lowered its OCR projections to suggest a reduced chance of a hike.
- NZD is the standout laggard across the majors, USD/JPY remains in close proximity to the YTD peak.
- European equity futures indicate a slightly lower open with Euro Stoxx 50 future -0.1% after the cash market closed up 0.4% on...
27 Feb 2024, 11:35 by Newsquawk Desk
- European bourses modestly firmer having picked up from an uneventful open with newsflow limited
- DXY fell below Monday’s trough with pressure coming via JPY strength after Japanese CPI
- Session’s focus for fixed income is supply, EGBs stuck near unchanged levels while USTs are a touch firmer
- Commodities near unchanged levels as we await fresh geopolitical developments, latest pour some cold water on Biden’s framing. Metals bid, benefitting...
27 Feb 2024, 06:35 by Newsquawk Desk
- APAC stocks traded mixed after the lacklustre handover from the US as markets braced for looming risk events.
- Fed's Schmid (non-voter) said there is no need to pre-emptively adjust the stance of policy.
- Hamas officials are "disappointed" with the framework of the hostage deal that was presented in Paris last Friday.
- Japanese CPI data printed firmer-than-expected but showed a slowdown with Core CPI at the central bank's 2%...
26 Feb 2024, 11:35 by Newsquawk Desk
- Equity bourses/futures under modest pressure with newsflow light after a weekend of heavy geopols & Berkshire numbers/commentary
- DXY under modest pressure but above Friday’s base, EUR benefitting from the softer USD; antipodeans lag, USD/JPY firmer
- Contained start with specifics light into ECB’s Lagarde for EGBs while USTs await US supply, Gilts modestly outperform
- Crude subdued despite significant geopolitical rhetoric, though no major...
26 Feb 2024, 06:35 by Newsquawk Desk
- APAC stocks were mostly subdued with weekend macro newsflow light and dominated by geopolitical commentary.
- European equity futures indicate a lower open with Euro Stoxx 50 future -0.2% after the cash market closed up 0.4% on Friday.
- DXY is contained around the 104 mark, EUR/USD sits near its 200DMA @ 1.0826, NZD lags.
- Israeli PM Netanyahu said that they are all working on a hostage deal but he cannot say if they will have...
23 Feb 2024, 11:30 by Newsquawk Desk
- European equites are around flat, whilst US futures are slightly softer following the prior day’s strength
- Dollar is flat and around 104.00, JPY is softer following continued hawkish Fed speak
- Bonds are softer but Bunds/Gilts yet to test Thursday’s lows, fleeting hawkish move on Ifo/ECB Consumer survey
- Commodities pressured with catalysts light thus far; White House announces new Russian sanctions
- Looking ahead,...
23 Feb 2024, 06:35 by Newsquawk Desk
- APAC stocks mostly benefitted amid tailwinds from the tech-led surge in the US on the NVIDIA wave.
- Fed's Waller (voter) said there is no rush to begin cutting rates and it is appropriate to be patient.
- European equity futures indicate a slightly higher open with Euro Stoxx 50 future +0.1% after the cash market closed up 1.7% on Thursday.
- DXY sits just below the 104 mark, antipodeans lead, EUR/USD trades near its 200DMA @...
22 Feb 2024, 11:14 by Newsquawk Desk
- European equities are firmer, taking the lead from strong Nvidia earnings, which has led to outperformance in the NQ
- Dollar is subdued and the Antipodeans outperform, benefiting from the broader risk tone
- Bonds are divergent, with EGBs choppy on the morning’s PMI data
- Crude holds firm alongside base metals which benefit from the softer Dollar and positive risk tone
- Looking ahead, US IJC, ECB Minutes, CBRT Policy...
22 Feb 2024, 06:35 by Newsquawk Desk
- APAC stocks were mostly positive amid tailwinds from the tech uplift in US futures following NVIDIA earnings.
- NVIDIA surged by over 9% after-hours after beating on top and bottom lines and offering strong sales guidance.
- FOMC minutes proved to be a non-event and echoed the broader tone of Fed speak seen in the wake of the January meeting.
- European equity futures indicate a higher open with Euro Stoxx 50 future +0.8% after the cash market...
21 Feb 2024, 11:15 by Newsquawk Desk
- European bourses are generally firmer, though the FTSE 100 lags after significant underperformance in Glencore & HSBC; US futures lower pre-Nvidia
- Dollar is incrementally firmer, Antipodeans bid in tandem with strong Chinese equity trade overnight
- Bonds are mixed but edging higher in recent trade post-supply; attention on US 20yr supply later today
- Crude is softer and Gold is modestly firmer with specifics...
21 Feb 2024, 06:32 by Newsquawk Desk
- APAC stocks traded mixed with headwinds following the tech-led declines stateside ahead of Nvidia earnings.
- European equity futures indicate a contained open with Euro Stoxx 50 future +0.1% after the cash market closed down 0.1% on Tuesday.
- DXY lingers around the 104 mark, EUR/USD maintains 1.08 status and antipodeans outperform again.
- Bund futures remain subdued and Crude futures moved off the prior day's...
20 Feb 2024, 11:19 by Newsquawk Desk
- European equities are mixed, with mild outperformance in the CAC 40, lifted by post-earning gains in Air Liquide; US equity futures are entirely in the red, RTY lags
- Dollar is modestly weaker and Antipodeans outperform, supported by the PBoC 5yr LPR cut
- Bonds are firmer with specifics-light; Bunds unreactive to the latest ECB EZ negotiated wages metrics
- Crude is softer alongside base metals, with Chinese stimulus efforts unable to lift...
20 Feb 2024, 06:29 by Newsquawk Desk
- APAC stocks traded with mild losses with price action contained following the US holiday lull.
- PBoC's latest benchmark rates announcement saw the 1-year LPR surprisingly maintained at 3.45% (exp. 5bps cut), but the 5-year LPR cut by 25bps (exp. 10bps cut).
- RBA Minutes from the February 6th Meeting stated that the board considered the case to hike by 25bps or hold steady.
- DXY traded in a tight range, Antipodeans were pressured amid the...
19 Feb 2024, 06:35 by Newsquawk Desk
- APAC stocks were mixed amid a lack of drivers and with US markets to remain closed on Monday.
- Mainland China gained on return from the Lunar Year Holiday where China's travel spending topped pre-COVID levels.
- European equity futures indicate a lower open with Euro Stoxx 50 future -0.3% after the cash market closed up 0.5% on Friday.
- DXY is steady vs. peers, EUR/USD remains sub-1.08 and USD/JPY hovers around the 150...
16 Feb 2024, 11:14 by Newsquawk Desk
- European equities are entirely in the green, with semi-conductor names lifted in a read-across from Applied Materials post-earnings; US equities are mixed, NQ leads
- Dollar is around flat, JPY underperforms after dovish BoJ Ueda speak
- Bonds are subdued, largely led by the higher-than-expected UK Retail Sales print, as attention turns to US PPI/Fed speak
- Crude is softer, paring the prior day’s advances; Base metals...
16 Feb 2024, 06:35 by Newsquawk Desk
- APAC stocks sustained the positive momentum from Wall St where yields softened after the US data deluge.
- European equity futures indicate a higher open with Euro Stoxx 50 future +0.5% after the cash market closed up 0.7% on Thursday.
- DXY is marginally firmer vs. peers whilst the JPY marginally lags as the BoJ continues to talk dovishly.
- BoJ's Ueda said will examine whether to maintain various easing measures when the price target comes into...
15 Feb 2024, 11:29 by Newsquawk Desk
- European bourses are firmer, with outperformance in the CAC 40 after several strong results; US equity futures firmer to a slightly lesser degree, though the RTY continues to outperform
- Dollar is around flat, GBP softer and JPY firmer as the regions enter a technical recession
- Bonds are firmer after UK GDP data, numerous speakers ahead
- Crude is subdued in a continuation of price action yesterday; base metals are generally firmer amid the...
15 Feb 2024, 06:35 by Newsquawk Desk
- APAC stocks mostly took impetus from the rebound on Wall St after the Fed downplayed the recent CPI report.
- Japanese Q4 GDP showed that the nation's economy entered into a technical recession.
- European equity futures indicate a higher open with Euro Stoxx 50 future +0.4% after the cash market closed up 0.4% on Wednesday.
- DXY has pulled back a touch after failing to breach 105, JPY leads G10 FX.
- Looking ahead,...
14 Feb 2024, 11:25 by Newsquawk Desk
- European bourses are firmer, with outperformance in the FTSE 100 after softer-than-expected UK CPI; US futures are entirely in the green, with the RTY leading
- Dollar is around flat and just beneath 105.00, GBP underperforming post-CPI and Yen still holds above 150.00
- Bonds boosted in tandem with Gilt price action, which gapped up post-inflation data
- Crude is incrementally firmer, spot gold trades sideways and base metals mixed awaiting...
14 Feb 2024, 06:33 by Newsquawk Desk
- APAC stocks declined amid headwinds from the US where hot inflation unwound Fed rate cut expectations.
- European equity futures indicate a lower open with Euro Stoxx 50 future -0.2% after the cash market closed down 1.2% on Tuesday.
- DXY held onto post-CPI gains but stopped shy of 105, JPY selling prompted jawboning from Japanese officials.
- Japanese MOF's Kanda said they are ready to take action on FX anytime, 24 hours, all year...
13 Feb 2024, 11:20 by Newsquawk Desk
- European equities are softer across the board, with Tech lagging following poor Siltronic guidance, weighing on heavyweight ASML (-2.7%)
- US equity futures mirror price action in Europe, though the NQ slightly underperforms.
- Dollar is flat and awaiting US CPI; GBP is bid post-UK jobs data and CHF suffers after significantly cooler CPI
- Bonds are divergent, with USTs in a holding pattern ahead of US inflation, whilst Gilts were pressured on the...
13 Feb 2024, 06:35 by Newsquawk Desk
- APAC stocks traded mixed albeit with a positive bias as several markets reopened from the extended weekend.
- European equity futures indicate a lower open with Euro Stoxx 50 future -0.3% after the cash market closed up 0.7% on Monday.
- DXY is steady above the 104 mark, USD/JPY lingers around 149.50, NZD lags post-inflation expectation survey.
- US President Biden said the US is working on a hostage deal that would lead to a period of calm...
12 Feb 2024, 11:10 by Newsquawk Desk
- European equities are generally firmer, though the FTSE 100 lags, hampered by AstraZeneca; US equity futures are around flat, with slight outperformance in the RTY
- Dollar is marginally firmer, the Kiwi underperforms despite hawkish-leaning speak from RBNZ officials overnight
- Bonds are little changed amid catalyst thin trade and will likely take impetus from upcoming central bank speak
- Crude is softer on the session despite geopolitical...
12 Feb 2024, 06:35 by Newsquawk Desk
- APAC stocks were subdued amid quiet weekend newsflow and mass holiday closures in the region.
- ECB Panetta said the time for a reversal of the ECB’s monetary policy stance is fast approaching.
- European equity futures indicate a mildly positive open with Euro Stoxx 50 future +0.3% after the cash market closed up 0.1% on Friday.
- DXY is steady around the 104 mark, EUR/USD is eyeing 1.08, USD/JPY sits on a 149...
09 Feb 2024, 11:23 by Newsquawk Desk
- European bourses are mixed and trading around the unchanged mark, with slight underperformance in the CAC 40, hampered by losses in L’Oreal; US equity futures mirror European peers
- Dollar is incrementally firmer; Kiwi outperforms after ANZ lifts its RBNZ rate forecast
- Bonds are around flat awaiting US CPI Revisions, German & UK 10yr yields notched fresh YTD peaks
- Crude is holding near yesterday's high after soaring more than 3% in the...