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...
20 Feb 2023, 06:49 by Newsquawk Desk
- APAC stocks eventually traded mostly higher but with price action cautious amid geopolitical tensions.
- US-China tensions lingered after China warned against the US escalating the situation regarding the balloon incident.
- North Korea test-fired an ICBM and conducted a multiple-rocket launcher drill.
- European equity futures are indicative of a higher open with the Euro Stoxx 50 +0.4% after the cash market closed down 0.5% on...
17 Feb 2023, 11:30 by Newsquawk Desk
- European bourses & US futures are pressured amid a myriad of hawkish factors, Euro Stoxx 50 -1.0% & ES -0.8%, with more Fed officials scheduled.
- As such, the USD is bolstered with Antipodeans lagging while EUR & GBP are the relative outperformers, though lower vs USD, given domestic hawkish drivers.
- Specifically, explicitly hawkish commentary from ECB's Schnabel, hotter-than-expected German PPI and UK Retail Sales exert...
17 Feb 2023, 06:49 by Newsquawk Desk
- APAC stocks traded negatively as the regional bourses took their cues from the weak performance stateside
- European equity futures are indicative of a lower open; US equity futures remained subdued heading into a long weekend (ES -0.5%)
- DXY extended on gains above the 104.00 level amid the higher yield environment; antipodeans lagged amid the risk aversion
- US President Biden said he expects to be speaking with Chinese President Xi; Pentagon's...
16 Feb 2023, 11:35 by Newsquawk Desk
- European bourses are firmer across the board, Euro Stoxx 50 +0.6%, in a continuation of APAC trade with fresh developments somewhat limited ex-earnings.
- Stateside, futures are little changed overall ahead of data/Fed speak.
- DXY has come under some modest pressure throughout the morning in what is more of a consolidation than any sustained bout of pressure, with peers modestly firmer.
- GBP leads amid further reports of an impending N. Ireland...
16 Feb 2023, 06:49 by Newsquawk Desk
- APAC stocks gained as the region took impetus from the US where participants digested a slew of data releases including stronger-than-expected retail sales.
- European equity futures are indicative of a positive open with the Euro Stoxx 50 +0.4% after the cash market closed up 1.0% yesterday.
- DXY is back on a 103 handle, EUR/USD lingers around the 1.07 mark and Cable has recovered from its brief move below 1.20.
- Crude futures benefitted...
15 Feb 2023, 11:40 by Newsquawk Desk
- European bourses ex-FTSE 100 are in the green though US futures remain lower after choppy APAC trade, ES -0.4% pre-data
- DXY is benefitting from marked GBP pressure following UK CPI, with Cable sub-1.21 and the index holding around 103.50 though off 103.63 best
- Gilts are significantly outpacing their European and US peers post-inflation, with pricing for a 25bp BoE hike in March moving below 70% vs 89% pre-release
- Crude benchmarks are softer...
15 Feb 2023, 06:50 by Newsquawk Desk
- APAC stocks were mostly lower following the choppy performance on Wall Street as markets digested sticky US inflation data and subsequent Fed commentary.
- European equity futures are indicative of a softer open with the Euro Stoxx 50 -0.2% after the cash market closed up 0.1% yesterday.
- DXY is a touch firmer and on a 103 handle, EUR/USD and GBP/USD are on 1.07 and 1.21 handles, antipodeans lag
- Crude futures trickled lower with headwinds from...
14 Feb 2023, 11:25 by Newsquawk Desk
- European bourses are modestly firmer, Euro Stoxx 50 +0.3%, in relatively limited newsflow following a mixed APAC with US futures in-fitting pre-CPI.
- The DXY has been pushed modestly below 103.00 and resides at the lower-end of 102.90-103.26 parameters pre-CPI; GBP & EUR outperform, NZD lags.
- Reports that the UK & EU could announce a customs deal within two-weeks to resolve the N. Ireland trading dispute
- Core-EGBs/USTs are firmer but...
14 Feb 2023, 06:50 by Newsquawk Desk
- APAC stocks eventually traded mixed with a slight positive bias following the firm handover from Wall St (S&P 500 +1.2%).
- European equity futures are indicative of a flat open with the Euro Stoxx 50 Unch. after the cash market closed up 1.0% yesterday.
- DXY sits in the low 103's, EUR/USD has reclaimed 1.07 JPY leads G10 FX, NZD narrowly lags.
- UK and EU could announce a new customs deal within the next two weeks, according to The...
13 Feb 2023, 11:30 by Newsquawk Desk
- European bourses are modestly firmer with US futures similar but slightly more contained ahead of Tuesday's CPI and the week's Fed speak.
- USD is bid though peers, ex-JPY, are generally fairly contained overall; USD/JPY up to 132.76 as we await confirmation of Ueda's nomination.
- EGBs have experienced a firm bounce with technicals and ECB speak perhaps factoring, USTs more contained with yields flat/mixed.
- WTI March and Brent April futures are...
13 Feb 2023, 06:50 by Newsquawk Desk
- APAC stocks began the week mostly subdued as geopolitical tensions lingered and with markets bracing for Tuesday's US CPI data.
- US military shot down a fourth flying object due to its potential surveillance capabilities after it flew in proximity to sensitive military sites.
- DXY is marginally firmer, EUR/USD is on a 1.06 handle, JPY lags peers ahead of BoJ Governor announcement.
- European equity futures are indicative of a contained open with...
10 Feb 2023, 11:35 by Newsquawk Desk
- European bourses are under pressure, Euro Stoxx 50 -1.2%, in a continuation of APAC/US trade that was exacerbated by the latest geopolitical developments re. Romanian airspace.
- Stateside, futures are directionally in-fitting with Europe given broader geopolitics-induced action though with marked NQ -1.0% underperformance as yields pick up globally.
- JPY soared on reports that Ueda will be the gov'ts nomination for BoJ Governor, with USD/JPY dropping to 129.82 from...
10 Feb 2023, 06:49 by Newsquawk Desk
- APAC stocks were mostly negative after the losses on Wall St where the major indices wiped out initial gains.
- Chinese inflation data saw headline Y/Y CPI and PPI fall short of expectations.
- European equity futures are indicative of a lower open with the Euro Stoxx 50 -0.6% after the cash market closed up 1.0% yesterday.
- DXY is back on a 103 handle, EUR/USD and Cable sit on 1.07 and 1.21 handles respectively, antipodeans...
09 Feb 2023, 11:25 by Newsquawk Desk
- European bourses are firmer across the board with the region benefitting from a heavy earnings docket, heavyweights including Siemens and AstraZeneca were particularly well received.
- Stateside, futures are firmer across the board as the region recovers from Wednesday's Fed-speak-induced downside, NQ +1.2% modestly outperforms as yields ease.
- DXY continues to pull back and is sub-103.00, with high-betas and cyclicals outperforming. SEK bolstered by a hawkish Riksbank...
09 Feb 2023, 06:49 by Newsquawk Desk
- APAC stocks traded mixed after the losses in the US (SPX -1.11%) as participants focused on hawkish aspects of Fed rhetoric.
- European equity futures are indicative of a higher open with the Euro Stoxx 50 +0.4% after the cash market closed flat yesterday.
- DXY is a touch softer but maintaining 103 status, antipodeans lead the majors, EUR/USD is attempting to recoup lost ground.
- Bund futures were confined to a tight range overnight whilst price...