04 May 2023, 06:35 by Newsquawk Desk
- Fed delivered a 25bps hike and opened the door to a pause, although Powell was reluctant to officially call it one and pushed back on talk of rate cuts.
- PacWest Bancorp (PACW) is said to weigh strategic options including a sale, according to Bloomberg.
- APAC stocks were mixed in the aftermath of the FOMC which saw US stocks mostly decline post-Powell presser.
- European equity futures are indicative of a marginally softer open with the Euro...
03 May 2023, 11:20 by Newsquawk Desk
- European futures are on the front-foot with US futures in-fitting after Tuesday's regional banking pressure.
- DXY continues to slip as USTs advance pre-FOMC, NZD leads while EUR and GBP eye 1.1050 and 1.2550.
- Crude benchmarks came under marked pressure despite limited fresh catalysts as focus remains on the broader growth outlook.
- "Several House GOP leadership sources said they would want to see the Senate pass a short-term debt-limit hike...
03 May 2023, 06:35 by Newsquawk Desk
- APAC stocks were mostly negative following the losses on Wall St amid regional bank jitters which resulted in the regional banking ETF closing down by over 6%.
- White House said they have the tools necessary to keep the banking system safe and the FDIC will continue to monitor the banking situation.
- European equity futures are indicative of a higher open with the Euro Stoxx 50 +0.5% after the cash market closed lower by 1.5%...
02 May 2023, 11:25 by Newsquawk Desk
- European bourses mostly softer in catch-up trade from the long weekend, US futures similar with attention on the Fed, debt ceiling & earnings
- AUD outperforms after a RBA hike and hawkish guidance, DXY picking up above 102.00 after pivoting the figure while EUR & GBP fade
- EGBs softer in corrective post-ISM trade though off lows as the ECB BLS sparked a dovish reaction
- Subsequently, the EZ Flash HICP measure saw little sustained...
02 May 2023, 06:30 by Newsquawk Desk
- APAC stocks traded with a slight positive bias as many of the regional participants returned to the market from the long weekend.
- The RBA surprised markets with a 25bps rate increase, while the central bank's language remained hawkish with the Board expecting some further tightening of monetary policy will be needed.
- European equity futures are indicative of a mildly higher open with the Euro Stoxx 50 +0.2% after the index was unchanged...
28 Apr 2023, 11:40 by Newsquawk Desk
- European sentiment pressured by Flash-Prelim. growth data while earnings remain in focus
- A dynamic that has eased somewhat since the EZ-wide figure, Euro Stoxx 50 -0.7%, with attention on upcoming US data points/earnings
- AMZN initially rose but is currently -2% in pre-market with the focus on AWS; in Europe, banking names lag amid NatWest and yield action
- DXY eclipsed 102.00 as JPY sinks as BoJ maintains ultra-easy policy and gives dovish...
28 Apr 2023, 06:45 by Newsquawk Desk
- APAC stocks were positive after taking impetus from the rally on Wall St while the region also digested a slew of earnings, data and the BoJ.
- BoJ kept policy settings unchanged, tweaked its forward guidance which remained dovish and announced it is to conduct a policy review.
- Amazon shares initially rose by some 9% in after-hours trade post-earnings before dropping to losses of 2% with some highlighting the Co. signalling lower AWS...
27 Apr 2023, 11:20 by Newsquawk Desk
- European bourses relatively contained but with an underlying positive skew after a deluge of earnings.
- NQ outperforms post-META (+11% pre-market) with AMZN, among others, ahead.
- DXY edges above 101.50 with antipodeans outperforming while JPY and CHF are undermined by yields.
- EGBs remain subdued but have bounced off initial lows post-supply, USTs in-fitting pre-7yr/GDP
- Crude consolidates with metals mixed overall...
27 Apr 2023, 06:36 by Newsquawk Desk
- APAC stocks traded mixed with most of the major indices subdued amid the banking sector headwinds in the US and as participants digested a deluge of earnings releases.
- European equity futures are indicative of a weaker open with Euro Stoxx 50 future -0.3% after the cash market closed lower by 0.7% yesterday.
- DXY is lacking in direction, EUR/USD lingers around 1.1050, GBP/USD is back below 1.25, NZD outperforms peers.
- US House voted 217 vs...
26 Apr 2023, 11:23 by Newsquawk Desk
- European bourses are lower across the board, continuing the APAC tone with regional earnings impacting Industrial & Tech.
- Stateside, futures are mixed with pronounced NQ outperformance with GOOGL +1.1% & MSFT +7.9% in pre-market trade.
- SEK crushed after dovish 50bp Riksbank hike, DXY further below 101.50 with EUR & GBP extending while AUD lags.
- Fixed benchmarks are contained but diverging slightly with EGBs slightly firmer while...
26 Apr 2023, 06:40 by Newsquawk Desk
- APAC stocks were mostly lower after the losses on Wall St where banking sector fears resurfaced as First Republic Bank shares fell by 50%.
- First Republic (FRC) is struggling to come up with a viable solution such as a sale of all or part of the bank, according to the FT.
- US equity futures found some reprieve overnight from big tech earnings; Alphabet +1.7% after-hours, Microsoft +8.5%.
- European equity futures are indicative of...
25 Apr 2023, 11:35 by Newsquawk Desk
- European bourses are under pressure continuing the APAC handover with drivers light ex-earnings.
- SMI outperforms following Nestle, Novartis and ABB while Banking names lag after UBS and Santander.
- Stateside, futures are lower; FRC -19.5% in pre-market as deposits miss expectation.
- DXY firmer but at the mid-point of the day's range with JPY outperforming while AUD lags once again
- Core debt is bid across the board with...
25 Apr 2023, 06:40 by Newsquawk Desk
- APAC stocks were mostly lower after the mixed performance in the US with the mood in the Asia-Pac region also contained amid the closures in Australia and New Zealand
- BoJ Governor Ueda said the BoJ sees it appropriate to maintain YCC and easy monetary policy
- European equity futures are indicative of a softer open with Euro Stoxx 50 future -0.3% after the cash market closed lower by 0.2% yesterday
- FX markets are overall contained, EUR/USD...
24 Apr 2023, 11:25 by Newsquawk Desk
- European bourses/US futures are posting marginal losses in a relatively slow start to a packed week.
- DXY has slipped towards 101.50 with CHF & EUR outperforming while AUD & JPY lag though overall action is limited.
- Gilts are flat and leading a modest retreat in EGBs with Bunds pressured by Ifo while USTs remain near APAC peak.
- Crude and base metals are softer, in-line with broader sentiment, while spot gold is essentially...
24 Apr 2023, 06:30 by Newsquawk Desk
- APAC stocks were mixed after the lack of macro drivers over the weekend and as participants brace for this week’s key events
- European equity futures are indicative of a contained open with Euro Stoxx 50 future -0.1% after the cash market closed higher by 0.5% on Friday
- DXY was uneventful on a 101 handle, EUR/USD eyes 1.10 to the upside, AUD the marginal laggard across the majors
- Russian Security Council Deputy Chairman Medvedev warned that...
21 Apr 2023, 11:30 by Newsquawk Desk
- European bourses are mixed/flat overall, as the complex reverted back to opening parameters after a hawkish move lower on the regions Flash PMIs; US futures in-fitting
- DXY firmer but back below 102.00, JPY outperforms while Antipodeans lag. GBP hit on retail sales and as EUR lifts on PMIs, though OpEx caps
- EGBs have lifted off troughs after initially dropping on hawkish PMIs
- Commodities choppy but have been tracking the above market action...
21 Apr 2023, 06:50 by Newsquawk Desk
- APAC stocks were mostly lower as the region tracked the losses on Wall St where risk sentiment was subdued after mixed earnings releases and disappointing US data.
- European equity futures are indicative of a contained open with Euro Stoxx 50 future +0.1% after the cash market closed lower by 0.2% yesterday.
- DXY was steady below the 102 mark, JPY leads the way for G10 FX, AUD lags, other majors are contained.
- Crude futures remained despondent...
20 Apr 2023, 11:25 by Newsquawk Desk
- European bourses & US futures are subdued as pressure intensified in European trade without fresh catalyst; TSLA -7.5% pre-market.
- The DXY is subdued and drifting further from 102.00 to the mixed but contained fortune of peers; NZD lags after CPI miss.
- Core fixed income pares initial recovery momentum approaching a packed US agenda.
- Commodities underpressure given the broader tone despite the softer USD, as crude drops further to fresh...
20 Apr 2023, 06:49 by Newsquawk Desk
- APAC stocks traded rangebound with the region indecisive following the flat handover from the US. Tesla lower by 6.1% after hours post-earnings.
- European equity futures are indicative of a contained open with Euro Stoxx 50 future flat after the cash market closed flat yesterday.
- DXY lingers just below the 102 mark, FX markets overall contained, NZD the laggard across the majors post-CPI.
- Crude futures continued to retreat after slipping...
19 Apr 2023, 11:30 by Newsquawk Desk
- European bourses are in the red as ASML highlights caution among customers & with the macro backdrop influenced by hawkish UK CPI.
- Stateside, futures are in the red with the NQ lagging as yields increase while banking names are deriving support from WAL's after-hours update.
- The session is characterised by broad USD strength, seemingly fuelled by yields and JPY underperformance.
- Though, the latter dynamic briefly lessened following a BoJ...
19 Apr 2023, 06:49 by Newsquawk Desk
- APAC stocks were lacklustre in the absence of any major positive macro drivers and following the flat handover from Wall St.
- European equity futures are indicative of a contained open with Euro Stoxx 50 future +0.1% after the cash market closed +0.6% yesterday.
- FX markets are steady, DXY remains sub-1.02, EUR/USD and Cable sit on 1.09 and 1.24 handles respectively.
- Netflix beat on the bottom line but missed on subscriber additions and Q2...
18 Apr 2023, 11:25 by Newsquawk Desk
- European bourses are firmer across the board and were resilient to softer than expected ZEW numbers with earnings in full-focus.
- Stateside, futures are in the green with the NQ outperforming a touch as yields ease off highs while the broader focus is firmly on upcoming bank earnings.
- DXY pulls back below 102.00 with the AUD, after hawkish RBA minutes, leading broad USD-induced downside.
- USTs and EGBs feature a modest upward skew while Gilts...
18 Apr 2023, 06:50 by Newsquawk Desk
- APAC stocks traded mostly subdued and failed to benefit from the slew of data from China including stronger GDP.
- Chinese Y/Y GDP topped forecasts, IP and Fixed Asset Investments printed below expectations, Retail Sales surged by a double-digit percentage.
- European equity futures are indicative of a contained cash open, with Euro Stoxx 50 future +0.1% after the cash market closed -0.5% yesterday.
- DXY holds onto gains and the 102 handle,...
17 Apr 2023, 11:25 by Newsquawk Desk
- European bourses are mixed after initial tentative upside, with newsflow limited and specific catalysts light.
- Stateside, futures have been pivoting the unchanged mark throughout the APAC session and European morning ahead of earnings.
- DXY remains underpinned in fairly narrow parameters with peers generally contained though JPY lags.
- Fixed income remains bearish with yields rebounding but currently off best levels with action more evident at...
17 Apr 2023, 06:50 by Newsquawk Desk
- APAC stocks traded mostly higher albeit with gains capped in the absence of any major macro catalysts from over the weekend.
- European equity futures are indicative of a slightly firmer cash open, with Euro Stoxx 50 future +0.2% after the cash market closed +0.6% on Friday.
- DXY was steady overnight above 101.50, EUR/USD lingers below 1.10, Cable and USD/JPY sit on 1.24 and 134 handles respectively.
- US Treasury Secretary Yellen said bank...