09 Mar 2023, 06:49 by Newsquawk Desk
- APAC stocks traded mostly rangebound after the choppy performance in the US, while the region also digested weak data including softer-than-expected Chinese inflation.
- European equity futures are indicative of a marginally softer open with the Euro Stoxx 50 -0.1% after the cash market closed up 0.2% on Wednesday.
- DXY is contained and holding onto gains on a 105 handle, EUR/USD and Cable remain on 1.05 and 1.18 handles respectively, JPY leads G10...
08 Mar 2023, 11:30 by Newsquawk Desk
- Equities are mixed within fairly narrow parameters given the tentative post-Powell sentiment ahead of ADP & numerous speakers.
- DXY has lifted to a fresh YTD peak, with peers mixed as AUD outperforms and JPY lags.
- GBP was unfazed by Dhingra reiterating a preference to pause tightening, in remarks that were not as explicit as dovish-peer Tenreyro.
- Fixed income is attempting to tick higher, in what is more an attempted consolidation than...
08 Mar 2023, 06:49 by Newsquawk Desk
- APAC stocks were mostly lower amid headwinds from Wall St where risk assets suffered after Powell's hawkish testimony.
- European equity futures are indicative of a slightly softer open with the Euro Stoxx 50 -0.2% after the cash market closed down 0.8% on Tuesday.
- DXY lingers around YTD highs post-Powell, AUD is attempting to claw back recent losses, JPY lags.
- Hawkish Fed pricing saw the curve hit its most-inverted levels in over 40 years...
07 Mar 2023, 11:25 by Newsquawk Desk
- European bourses & US futures are contained in relatively narrow ranges pre-Powell, following firmer but ultimately capped APAC action on China trade data
- DXY continues to inch higher but has stalled at 104.50 before Monday's 104.69 best; AUD lags post-RBA
- EGBs/Gilts initially tested/breached Monday's best, but have pulled back slightly following relatively lacklustre auctions
- USTs are firmer and at the top-end of their range ahead of...
07 Mar 2023, 06:49 by Newsquawk Desk
- APAC stocks traded mostly higher although gains were capped as participants digested the latest Chinese trade data.
- Chinese trade data showed a continued contraction in both dollar-denominated exports and imports.
- RBA hiked rates by 25bps as expected but provided a slightly less hawkish tone.
- European equity futures are indicative of a contained open with the Euro Stoxx 50 flat after the cash market closed up 0.4% on...
06 Mar 2023, 11:20 by Newsquawk Desk
- European bourses are posting modest gains of circa. 0.3% in a continuation of the firmer APAC handover where the upside was capped by China's GDP targets.
- US futures are essentially unchanged given the above and as participants await the week's commentary from Fed officials, incl. Chair Powell, and Friday's NFP report.
- China set its 2023 GDP target at circa. 5.0% (exp. 5.0-5.5%), CPI target around 3%, jobless-rate around 5.5%.
- The DXY is...
06 Mar 2023, 06:49 by Newsquawk Desk
- APAC stocks were mostly positive as the majority of bourses took impetus from last Friday’s gains on Wall St.
- China will target 2023 GDP growth of about 5.0% (exp. 5.0%-5.5%) and CPI around 3%.
- European equity futures are indicative of a higher open with the Euro Stoxx 50 +0.4% after the cash market closed up 1.3% on Friday.
- DXY is a touch softer vs. peers, EUR saw mild gains post-Lagarde, antipodeans softer vs....
03 Mar 2023, 11:25 by Newsquawk Desk
- European bourses are firmer across the board, Euro Stoxx 50 +0.9%, in a continuation of the firmer Wall St./APAC handover; US futures bid, though to a lesser extent.
- DXY is under pressure with G10 peers firmer across the board as UST yields ease across the curve, CHF the main beneficiary.
- Fixed income benchmarks are bid across the board as yields continue to pullback in an extension of APAC action with EZ PPI data assisting.
- Crude benchmarks...
03 Mar 2023, 06:50 by Newsquawk Desk
- APAC stocks traded mostly higher amid tailwinds from the US and as the region also digested further strong Chinese Caixin PMI data.
- Fed's Bostic (non-voter) said the Fed may be in a position to pause by mid-to-late summer.
- European equity futures are indicative of a higher open with the Euro Stoxx 50 +0.6% after the cash market closed up 0.6% yesterday.
- DXY is a touch softer and back on a 104 handle, EUR/USD hovers just above 1.06, Cable is...
02 Mar 2023, 11:25 by Newsquawk Desk
- European bourses are softer across the board, Euro Stoxx 50 -0.5%, though off lows with limited reaction to EZ HICP ahead of minutes/Schnabel.
- US futures are similarly pressured, NQ lags given yield upside; CRM +15% and TSLA -6.% pre-market.
- USD has been aided by yields and geopolitical jitters, to the detriment of peers across the board with EUR unreactive overall to HICP.
- A hawkish release which sent Bunds to just shy of earlier lows,...
02 Mar 2023, 06:49 by Newsquawk Desk
- APAC stocks were choppy and mostly traded rangebound after the uninspiring handover from Wall Street.
- European equity futures are indicative of a marginally softer open with the Euro Stoxx 50 -0.1% after the cash market closed down 0.5% yesterday.
- DXY heads into the European session firmer vs. peers but still on a 104 handle.
- 10yr UST futures extended on their losses as the 10yr yield rose back above 4.00%.
- Looking...
01 Mar 2023, 11:35 by Newsquawk Desk
- Both European and US equity futures are firmer, in a continuation of the data-inspired APAC handover; US ISM & Fed speak ahead
- Specifically, the data released included the fastest pace of expansion for Chinese Manufacturing PMI in more than a decade.
- DXY has been pressured by marked Yuan action, while GBP lags post-Bailey and EUR outperforms ahead of German mainland CPI.
- EGBs are softer on the session, give state CPIs & Nagel, though...
01 Mar 2023, 06:49 by Newsquawk Desk
- APAC stocks were mostly positive as the region digested a slew of data releases.
- Official Chinese PMI printed its highest level since April 2012 and Caixin Manufacturing PMI also returned to expansion territory.
- European equity futures are indicative of a contained open with the Euro Stoxx 50 +0.1% after the cash market closed down 0.2% yesterday.
- DXY is a touch softer and back on a 104 handle, EUR/USD lingers below the 1.06 mark, JPY lags...
28 Feb 2023, 11:30 by Newsquawk Desk
- European bourses are mixed/flat, Euro Stoxx 50 +0.1%, as the initial pressure from hot French/Spanish inflation readings has eased through the morning.
- US futures in-fitting with the above ahead of Fed speak; AAPL lower on Foxlink, CVX higher post-buyback update.
- DXY is firmer, but is closer to the session trough, while EUR has faded initial CPI-induced upside, GBP outperforms & JPY lags.
- Debt futures fade with Bunds at a fresh cycle low...
28 Feb 2023, 06:48 by Newsquawk Desk
- APAC stocks eventually traded mixed heading into month-end and despite the early momentum from the positive close on Wall St.
- European equity futures are indicative of a flat open with the Euro Stoxx 50 Unch. after the cash market closed up 1.7% yesterday.
- DXY is a tad firmer but remains sub-105, antipodeans lag, Cable maintains 1.20 status.
- Northern Ireland DUP Leader Donaldson said they will now assess proposed Brexit arrangements against...
27 Feb 2023, 11:20 by Newsquawk Desk
- European bourses are firmer across the board, Euro Stoxx 50 +1.8%, after a cautious APAC handover following Friday's selling pressure.
- Stateside, futures are currently posting more modest upside of around 0.5% with Fed's Jefferson (voter) due.
- DXY is softer but remains above 105.00 with GBP outperforming on UK-EU N. Ireland deal optimism; Antipodeans lag slightly.
- Bonds remain underpressure though current losses are relatively modest,...
27 Feb 2023, 06:49 by Newsquawk Desk
- APAC stocks traded cautiously heading into month-end and following on from the soft close on Wall St. on Friday.
- European equity futures are indicative of a slightly positive open with the Euro Stoxx 50 +0.1% after the cash market closed down 1.9% on Friday.
- DXY sits on a 105 handle, JPY marginally leads G10 FX, Antipodeans lag.
- UK PM Sunak's office said he will meet with EU's von der Leyen for talks on Northern Ireland Brexit deal late...
24 Feb 2023, 11:25 by Newsquawk Desk
- European bourses are contained/slightly firmer, with fresh drivers limited as the focus is on geopolitics and upcoming US data.
- Stateside, futures are softer but with the ES just above 4k, the NQ is the laggard following some recent pressure in the fixed income complex.
- DXY remains firmer on the session though is yet to meaningfully advance higher, to the mixed fortune of peers with JPY lagging post-Ueda while EUR & GBP are flat.
- EGBs...
24 Feb 2023, 06:50 by Newsquawk Desk
- APAC stocks traded mostly rangebound after the choppy but positive performance on Wall St.
- BoJ Governor nominee Ueda noted that current monetary policy is appropriate and Japan still needs more time for inflation to sustainably hit 2%.
- European equity futures are indicative of a higher open with the Euro Stoxx 50 +0.4% after the cash market closed up 0.4% yesterday.
- DXY is steady around the 104.50 mark, USD/JPY was choppy alongside Ueda,...
23 Feb 2023, 11:25 by Newsquawk Desk
- European bourses are firmer on the session with a hefty earnings docket dictating action after an uninspiring APAC handover.
- Stateside, futures are broadly-speaking in-fitting with Europe though the NQ +0.7% outperforms given tailwinds from NVIDIA's after-market update.
- The DXY continues to grind higher at the top-end of 104.30-65 parameters to the mixed fortune of peers; Antipodeans outperform and GBP lags despite Mann.
- Gilts are the...
23 Feb 2023, 06:50 by Newsquawk Desk
- APAC stocks lacked firm direction with price action mostly rangebound amid the mixed US close and with Japanese markets closed.
- FOMC minutes noted a few participants favoured a 50bps hike and all agreed more rate hikes are needed.
- European equity futures are indicative of a higher open with the Euro Stoxx 50 +0.4% after the cash market closed down 0.2% yesterday.
- DXY is a touch softer but maintaining 104 status, support in EUR/USD at...
22 Feb 2023, 11:25 by Newsquawk Desk
- European bourses are softer across the board as hawkish price action remains in full swing, US futures contained pre-Minutes.
- DXY remains underpinned by haven dynamics to modest detriment of peers ex-NZD after a 50bp RBNZ hike and guidance for further tightening.
- Core fixed has bounced following well-received EZ/UK supply, in a rebound from marked initial pressure with Bunds printing a fresh YTD trough.
- Commodities are underpressure by the...
22 Feb 2023, 06:49 by Newsquawk Desk
- APAC stocks were subdued after the declines on Wall St (S&P 500 -2.0%) where strong PMI data prompted hawkish central bank repricing.
- European equity futures are indicative of a softer open with the Euro Stoxx 50 -0.2% after the cash market closed down 0.5% yesterday.
- DXY maintains 104 status, antipodeans diverge as NZD rises post-RBNZ with FX markets otherwise contained.
- RBNZ delivered a widely expected 50bps rate hike,...
21 Feb 2023, 11:35 by Newsquawk Desk
- European bourses & US futures remain negative but have lifted from the trough that occurred amid the morning's Flash PMIs; further pressure seen post-HD earnings.
- DXY has derived support from upside in US yields, risk aversion and a loss of momentum in some peers, with the index holding around 104.00 despite being pressured to a 103.86 trough post UK PMI data.
- A release which sent GBP/USD to a 1.2113 peak from circa. 1.2000 before hand in a marked hawkish move...
21 Feb 2023, 06:49 by Newsquawk Desk
- APAC stocks were subdued with trade mostly kept rangebound in the absence of a lead from Wall Street.
- European equity futures are indicative of a softer open with the Euro Stoxx 50 -0.1% after the cash market closed down 0.1% yesterday.
- DXY is marginally firmer and back on a 104 handle, FX markets were broadly contained overnight, NZD marginally lags.
- UK PM Sunak was warned not to undermine Northern Ireland and that an N.I. deal could...