28 May 2024, 11:05 by Newsquawk Desk
- European bourses are mixed continuing the price action seen in APAC; US equity futures are in the green
- Dollar is flat/softer, Kiwi the G10 outperformer after strong price action overnight and in continuation of the RBNZ last week
- USTs/Bunds are mixed and relatively contained, whilst Gilts outperform playing catch-up to Bund strength in the prior session
- Crude benefits from heightened geopol tensions, XAU dips and base metals are firmer...
28 May 2024, 06:55 by Newsquawk Desk
- APAC stocks were mixed with price action mostly rangebound in the absence of a lead from Wall St and as geopolitical uncertainty lingered following an Israeli strike on Rafah which killed dozens of Palestinians on Sunday.
- DXY marginally softened beneath the 104.50 level albeit with trade kept to within a very tight range following the Memorial Day holiday weekend stateside and with the Fed's preferred inflation gauge scheduled for this Friday.
- An Egyptian soldier...
24 May 2024, 10:40 by Newsquawk Desk
- European bourses are entirely in the red, though have recently has clambered off lows; US equities are modestly firmer.
- Dollar is slightly softer, GBP shrugs off initial Retail Sales weakness, overall trade contained.
- Bonds are very modestly firmer, attempting to claw back some of the US PMI-induced pressure.
- Crude is softer and near session lows without a clear catalyst, XAU gains whilst base metals...
24 May 2024, 06:45 by Newsquawk Desk
- The selling in US stocks yesterday accelerated once European desks packed for the day, with little fresh fundamentals driving the move after the US Flash PMIs.
- APAC stocks followed suit to the selling on Wall St where the initial NVIDIA-related euphoria was soured after strong US PMI data lifted the dollar and yields.
- DXY traded steadily after surmounting the 105.00 level in the aftermath of the strong US PMI data, USD/JPY marginally edged higher after reclaiming...
23 May 2024, 11:10 by Newsquawk Desk
- European bourses are modestly firmer with Tech lifted by post-earning strength in Nvidia (+7% pre-market); NQ outperforms.
- Dollar is slightly softer, Kiwi continues the prior day’s gains, Euro was choppy on Flash PMIs but ultimately firmer and saw no reaction to higher Q1 wages.
- Treasuries are flat, whilst Bunds are softer following German/EZ PMIs ahead of US supply.
- Crude is firmer and near session highs, spot gold and copper futures...
23 May 2024, 06:31 by Newsquawk Desk
- APAC stocks traded mixed following soft performance of US cash markets before receiving support post-Nvidia earnings.
- Nvidia's earnings topped forecasts and the Co. also announced a ten-for-one stock split; +6% after-hours.
- FOMC Minutes suggested the disinflation process would take longer than previously thought.
- European equity futures indicate a positive open with the Euro Stoxx 50 future up 0.3% after the cash market closed lower by...
22 May 2024, 10:55 by Newsquawk Desk
- European bourses are entirely in the red, whilst US futures trade tentatively ahead of FOMC Minutes and Nvidia earnings
- Dollar is incrementally firmer, Kiwi outperforms post-RBNZ & GBP bid on UK inflation metrics
- Bonds are lower after hotter-than-expected UK CPI metrics, with Gilts the clear underperformer
- Crude is subdued, XAU is softer alongside a broader pullback in base metals
- Looking ahead, Fed Minutes,...
22 May 2024, 06:30 by Newsquawk Desk
- APAC stocks were mostly rangebound as global markets brace for the FOMC Minutes and Nvidia earnings.
- European equity futures indicate a slightly positive open with Euro Stoxx 50 futures up 0.1% after the cash market closed lower by 0.5% on Tuesday.
- RBNZ kept the OCR unchanged as expected but raised its OCR forecasts across the projection horizon.
- DXY is flat, NZD is boosted post-RBNZ, JPY marginally lags, GBP eyes UK...
21 May 2024, 11:05 by Newsquawk Desk
- European bourses are entirely in the red, whilst US futures hold around the unchanged mark
- G10s are flat/mixed; DXY is very modestly softer and underpinning some G10 peers
- Treasuries are flat, whilst Bunds narrowly outperform following softer than expected German PPI before coming off best levels amid higher EZ Labour Costs Prelim data
- Crude is subdued in catalyst-thin trade, XAU and base metals take a breather from their recent...
21 May 2024, 06:29 by Newsquawk Desk
- APAC stocks were subdued following the somewhat indecisive performance on Wall St.
- European equity futures indicate a lower open with Euro Stoxx 50 future down 0.3% after the cash market closed up 0.2% on Monday.
- DXY is contained within narrow parameters, USD/JPY has extended upside, AUD marginally lags.
- Bunds struggled for direction, crude futures continued to retreat amid a lack of geopolitical escalation.
- Looking...
20 May 2024, 10:50 by Newsquawk Desk
- European equities hold a mild positive bias, whilst US futures lack firm direction and holds around the unchanged mark.
- Dollar is flat alongside G10 peers, Kiwi marginally underperforms, USTs are flat in quiet newsflow, whilst Bunds are slightly softer.
- A helicopter carrying Iranian President Raisi and Foreign Minister Amir-Abdollahian crashed due to adverse weather conditions with no survivors reported; Iran’s Supreme Leader Khamenei signalled...
20 May 2024, 07:00 by Newsquawk Desk
- APAC stocks began the week on the front foot despite last Friday's indecisive performance on Wall St where the major indices traded sideways.
- European equity futures indicate a higher open with Euro Stoxx 50 futures up 0.3% after the cash market closed down 0.2% on Friday.
- A helicopter carrying Iranian President Raisi and Foreign Minister Amir-Abdollahian crashed due to adverse weather conditions with no survivors...
17 May 2024, 11:05 by Newsquawk Desk
- European bourses are mostly lower, whilst US equity futures are flat
- Dollar is firmer, AUD underperforms after mixed Chinese data
- Bonds are pressured, more-so in EGBs following hawkish commentary from ECB’s Schnabel
- Crude is flat, XAU modestly firmer and base metals benefit from China's support measures despite mixed data
- Looking ahead, Comments from Fed's Waller & Daly
17 May 2024, 11:05 by Newsquawk Desk
- European bourses are mostly lower, whilst US equity futures are flat
- Dollar is firmer, AUD underperforms after mixed Chinese data
- Bonds are pressured, more-so in EGBs following hawkish commentary from ECB’s Schnabel
- Crude is flat, XAU modestly firmer and base metals benefit from China's support measures despite mixed data
- Looking ahead, Comments from Fed's Waller & Daly
17 May 2024, 06:40 by Newsquawk Desk
- APAC stocks initially subdued before benefitting from the latest China property support measures
- DXY bid with peers generally contained aside from slight JPY pressure, Yuan benefits from the property support despite soft/mixed data beforehand
- Fixed benchmarks uneventful ex-JGBs which outperformed as the BoJ maintained the Rinban purchase amount
- Commodities contained with specifics light, modest support on China property caveated by...
16 May 2024, 11:05 by Newsquawk Desk
- European equities are mostly lower whilst US futures gain modestly
- Dollar is firmer paring back some of the CPI-induced losses, AUD lags after mixed employment data
- Bonds are steady, though with a very mild negative bias
- Crude benchmarks are flat, XAU is rangebound and base metals are mixed
- Looking ahead, US IJC, Philly Fed, BoE’s Greene, Fed’s Harker, Mester, Bostic & Barr. Earnings: Applied Materials, Deere...
16 May 2024, 06:35 by Newsquawk Desk
- APAC stocks took impetus from the gains on Wall St where major indices rallied to fresh record highs.
- European equity futures indicate a positive open with Euro Stoxx 50 future up 0.2% after the cash market closed up 0.4% on Wednesday.
- DXY took a breather from yesterday's data-induced losses, JPY continues to gain vs. the USD.
- Bund futures continued their advances and crude futures remained...
15 May 2024, 11:17 by Newsquawk Desk
- European bourses are mostly firmer, US futures flat ahead of US CPI & Retail Sales
- Dollar is weaker, Antipodeans lifted on reports of Chinese support measures, USD/JPY dips
- Bonds are firmer, continuing the post-PPI strength
- Crude is in the green, XAU is supported given the softer Dollar & base metals are in the green
- Looking ahead, US CPI & Retail Sales. Comments from Fed’s Kashkari. Earnings from Cisco...
15 May 2024, 06:35 by Newsquawk Desk
- APAC stocks traded mostly higher following the momentum from the US where the Nasdaq posted a fresh record close.
- European equity futures indicate a firmer open with Euro Stoxx 50 futures up 0.2% after the cash market closed flat on Tuesday.
- DXY is sub-105, EUR/USD sits on a 1.08 handle, Cable tested 1.26 and antipodeans outperform.
- Crude futures rebounded from the prior day's losses with prices helped by private sector inventory...
14 May 2024, 11:15 by Newsquawk Desk
- Equities are mixed, with trade tentative ahead of US PPI & Powell
- Dollar is flat, GBP softer following commentary from BoE’s Pill
- Bonds are firmer, taking a further leg higher after BoE’s Pill before paring on ZEW
- Crude is flat with oil-specific newsflow light, XAU is firmer and base metals are mixed
- White House says US President Biden is directing the USTR to increase tariffs on USD 18bln of imports from...
14 May 2024, 06:35 by Newsquawk Desk
- APAC stocks lacked firm conviction after the indecisive performance in the US ahead of key events.
- European equity futures indicate a flat to incrementally firmer open with Euro Stoxx 50 futures near the unchanged mark after the cash market closed down by 0.1% on Monday.
- FX markets are contained with DXY caged in a tight range, EUR/USD failed to sustain a 1.08 handle, USD/JPY gained a firmer footing above 156.
- Bunds were steady...
13 May 2024, 11:10 by Newsquawk Desk
- European bourses are mixed and trade around the unchanged mark; US futures are modestly firmer
- Dollar is slightly softer weighed on by recent EUR strength, NZD lags
- Bonds are incrementally firmer, though within contained ranges
- Crude benchmarks are on the front foot, XAU is softer and base metals are mixed
- Overnight focus on mixed Chinese data and then upcoming ultra-long issuance, latter development providing...
13 May 2024, 06:40 by Newsquawk Desk
- Cautious APAC trade amid mixed data incl. Chinese CPI but with support from China's ultra-long issuance plans
- DXY rangebound with peers contained, NZD lags after cooler inflation projections
- JGBs pressured as the BoJ adjusted its 5-10yr bond buying operation for today
- Commodities attentive to mixed commentary from the Iraq Oil Minister, metals mixed
- Looking ahead, highlights include NY Fed Survey of Consumer...
10 May 2024, 10:58 by Newsquawk Desk
- European bourses extend to session highs, whilst US futures post modest gains
- Dollar is flat & GBP marginally outperforms post-GDP
- USTs are flat, EGBs bid though to a lesser degree than Gilts, which have shrugged off hawkish GDP data
- Crude is firmer with specifics light, XAU extends to highs and base metals benefit from the risk tone
- Looking ahead, Canadian Jobs Data, BoC SLOOS, Chinese Money Supply, Comments...
10 May 2024, 06:35 by Newsquawk Desk
- APAC stocks mostly tracked the gains in the US where a rise in initial jobless claims spurred a dovish reaction.
- European equity futures indicate a mildly positive open with Euro Stoxx 50 future +0.2% after the cash market closed higher by 0.3% on Thursday.
- DXY is mildly firmer in what has been a quiet session for FX overnight, antipodeans marginally lag.
- Crude futures mildly extended on gains, Bunds remain afloat after the recent...