25 Jul 2022, 11:35 by Newsquawk Desk
- European bourses are firmer across the board as the initially cautious tone amid soft-Ifo and weekend developments dissipated amid USD-downside and constructive Kremlin remarks
- US futures also modestly bid into the busiest Q2 earnings week and pre-FOMC
- USD is under pressure on the risk tone with EUR underpinned by Kazaks despite Ifo while antipodeans lead the way
- Core debt has seen pronounced two-way action amid the above factors; currently,...
25 Jul 2022, 06:46 by Newsquawk Desk
- APAC stocks traded mostly lower; China’s property stocks and bonds rallied on reports of a potential real estate fund.
- DXY initially firmed before pulling back, EUR/USD traded on either side of 1.0200, and the AUD and NZD were the marginal G10 laggards.
- 10yr UST futures and Bund futures consolidated overnight and held onto last Friday's gains whilst APAC bonds played catch-up.
- Crude futures gave up earlier gains, base metals rallied whilst...
22 Jul 2022, 11:35 by Newsquawk Desk
- European bourses are resilient despite Flash PMIs for June contracting, while US futures are subdued but rangebound
- DXY climbs amid EUR pressure post-PMIs, with the USD weighing on peers in turn though JPY & CHF benefit from yield action
- Core debt extends on post-ECB recovery rallies amidst this and curves steepen amid a paring of tightening expectations
- Crude benchmarks surrender APAC upside on contraction concerns and remain focused on...
22 Jul 2022, 06:50 by Newsquawk Desk
- APAC stocks were mostly higher after the gains in the US but with upside capped by lingering growth concerns.
- European equity futures are indicative of a slightly lower open with Eurostoxx 50 -0.2% after the cash market closed with gains of 0.3% yesterday.
- DXY has recouped some lost ground, antipodeans lag G10 FX, EUR/USD is back on a 1.01 handle.
- Nord Stream 1 turbine was said to be stuck in transit in Germany due to Russia not giving...
21 Jul 2022, 11:35 by Newsquawk Desk
- European bourses gave up initial upside as Draghi resigns; however, current performance is more mixed with Nord Stream 1 flowing and earnings factoring
- Stateside, futures are directionally in-fitting but with magnitudes more contained thus far awaiting earnings developments.
- DXY has benefitted from JPY downside amid the BoJ while the EUR slipped on Draghi and awaits the ECB.
- Core debt is off lows and somewhat choppy while BTPs slump over 200...
21 Jul 2022, 06:50 by Newsquawk Desk
- APAC stocks traded cautiously following the mixed performance of global counterparts and amid risk events.
- European equity futures are indicative of a softer open with Eurostoxx 50 -0.2% after the cash market closed with losses of 0.1% yesterday.
- Italian PM Draghi is set to announce his intention to resign at 08:00BST.
- DXY is on the backfoot, EUR/USD reclaimed 1.02 and JPY contained after BoJ stood pat on...
20 Jul 2022, 11:35 by Newsquawk Desk
- European bourses are modestly firmer at present as we move towards the week's key risk events and as participants had already reacted to the Nord Stream developments.
- US futures similarly contained before further earnings releases, including Tesla after-hours.
- The USD is pressured though the DXY has marginally reclaimed 106.50 with peers eking marginal upside.
- Core debt continues to climb and BTPs lead the way after Draghi's initial Senate...
20 Jul 2022, 06:50 by Newsquawk Desk
- APAC stocks followed suit to the gains in the EU and the US where sentiment was underpinned by Nord Stream optimism and a weaker buck.
- European equity futures are indicative of a higher open with Eurostoxx 50 +0.2% after the cash market closed with gains of 2.2% yesterday.
- DXY was subdued on a 106 handle, antipodeans lead G10 FX amid the constructive mood, GBP and EUR also supported.
- Crude futures plateaued overnight following...
19 Jul 2022, 11:35 by Newsquawk Desk
- European bourses are under modest pressure continuing with the downbeat APAC handover, with pressure from AAPL, ECB sources and IBM impacting.
- US futures are modestly firmer, with key earnings including NFLX ahead; IBM -5% in pre-market
- EUR bid and EGBs dented on Reuters/BBG sources that a 25bp or 50bp rate hike will be discussed at Thursday's ECB
- DXY pressured as such and peers taking advantage, antipodeans lead the...
19 Jul 2022, 06:50 by Newsquawk Desk
- APAC stocks mostly fell after reports of Apple slowing hiring and European energy woes stoked growth fears.
- European equity futures are indicative of a lower open with Eurostoxx 50 -0.8% after the cash market closed with gains of 1.0% yesterday.
- DXY heads into the European session flat, antipodeans lead G10 FX, EUR/USD is contained after hitting resistance at 1.02.
- Crude futures took a breather from the resurgence spurred by uncertainty...
18 Jul 2022, 11:45 by Newsquawk Desk
- European bourses are firmer across the board in a continuation of and extension on the overnight risk tone, Euro Stoxx 50 +1.4%.
- US futures are similarly bid, as we await further earnings with key names including Goldman Sachs on the docket.
- DXY is under pressure to the benefit of peers across the board with iron ore and crude assisting AUD and petro-FX respectively
- Crude is lifted alongside the broader risk tone, after the weekend...
18 Jul 2022, 06:50 by Newsquawk Desk
- APAC stocks gained with risk appetite spurred after last Friday's firm gains on Wall St.
- European equity futures are indicative of a higher open with Eurostoxx 50 +0.6% after the cash market closed with gains of 2.4% on Friday.
- DXY sits sub-108, EUR/USD remains north of parity, USD/JPY bounced off support at 138.
- US President Biden's Middle Eastern trip failed to secure any major Saudi commitments.
- Looking ahead,...
15 Jul 2022, 11:50 by Newsquawk Desk
- European bourses are firmer across the board, as initial jittery performance dissipated with participants looking to US data and Fed speak.
- US futures are in the green, but only modestly so, and have been relatively contained awaiting further guidance from upcoming Fed officials on the 75bp/100bp discussion.
- DXY continues to pullback with peers mixed as EUR consolidates and AUD underperforms
- Core debt pulls back from initial peaks though...
15 Jul 2022, 06:50 by Newsquawk Desk
- APAC stocks traded mixed after the 100bps Fed rate hike bets unwound; Chinese Q2 GDP missed forecasts but June Retail Sales beat estimates
- DXY was rangebound, EUR/USD was slightly firmer, USD/JPY took a breather from yesterday’s rally, and AUD/USD was softer after the Chinese growth data
- 10yr USTs eked modest gains, Bunds remained elevated, and 10yr JGBs traded flat
- Crude futures were choppy, Spot gold lacked firm direction, and copper...
14 Jul 2022, 11:40 by Newsquawk Desk
- European bourses are pressured across the board, Euro Stoxx 50 -0.8%, but off worst levels while the FTSE MIB -1.9% languishes on domestic turmoil
- Stateside, futures are off lows but in-fitting European benchmarks awaiting guidance from the key banking names due to report imminently
- TSMC beat on top-line metrics, some cautious commentary; INTC reportedly to increase prices, via Nikkei
- DXY continues to climb with peers impaired and USD/JPY...
14 Jul 2022, 06:50 by Newsquawk Desk
- APAC stocks mostly traded with cautious gains, Nikkei 225 outperformed, and US equity futures were rangebound overnight
- DXY remained above the 108.00 level and closer to 108.50, EUR/USD weakened, and USD/JPY extended above 138.00
- 10yr USTs declined after the post-CPI fluctuations, Bunds continued to retreat, and 10yr JGBs were marginally lower
- Crude futures remained choppy, spot gold was kept rangebound, and copper traded...
13 Jul 2022, 11:40 by Newsquawk Desk
- European bourses are pressured and towards the mid-point of the morning's parameters as we await US inflation data
- US futures more resilient, but similarly choppy, pre-CPI; ES +0.2%
- DXY continues to modestly ease, but remains above 108.00; as GBP benefits from UK data while EUR/USD lifts away from parity
- Core debt has faded from initial highs irrespective of broader sentiment; Italian & German supply well-received, US 30yr...
13 Jul 2022, 06:50 by Newsquawk Desk
- APAC stocks were mostly positive as the region shrugged off the weak lead from Wall St; US equity futures eked marginal gains overnight
- DXY lacked firm direction after the prior day’s choppy price action, EUR/USD was contained, and USD/JPY saw a rebound
- 10yr USTs marginally weakened, Bunds were lower, and 10yr JGBs traded sideways
- Crude futures were choppy, spot gold was rangebound, and copper was indecisive
- RBNZ...
12 Jul 2022, 11:45 by Newsquawk Desk
- European bourses are pressured in a broad China-COVID driven risk move, Euro Stoxx 50 -0.5%; alongside known concerns and a dismal ZEW
- Stateside, futures are lower across the board; NQ choppy amid rate action and post-PEP earnings
- DXY continues to climb while EUR/USD probes parity and the JPY regroups from earlier pressure
- Core debt continues to climb and made further advances on ZEW, US 10yr ahead
- Commodities are...
12 Jul 2022, 06:50 by Newsquawk Desk
- APAC stocks were mostly negative after the weak performance across global counterparts; US equity futures extended on losses overnight
- DXY remained firm above 108.00 for around its best levels in around two decades; EUR/USD almost hit parity
- 10yr USTs were underpinned, Bunds held on to the prior day’s firm gains, and 10yr JGBs benefitted from haven demand
- Crude futures were pressured by a firmer dollar, the negative risk tone, and China's...
11 Jul 2022, 11:55 by Newsquawk Desk
- European bourses are pressured, Euro Stoxx 50 -0.5%, but well off post-open lows amid a gradual pick-up in sentiment
- Stateside, futures are directionally in-fitting but with magnitudes less pronounced with earnings season underway from Tuesday; ES -0.4%
- USD is bid and in proximity to Friday’s 107.79 best (107.75) thus far, with peers pressured and JPY lagging amid BoJ remarks
- Antipodeans slip on the China COVID situation as Shanghai...
11 Jul 2022, 06:50 by Newsquawk Desk
- APAC stocks traded mostly lower, US equity futures were pressured, and European equity futures are indicative of a lower open
- DXY traded higher amid the mostly risk-averse mood, USD/JPY briefly rose above 137.00 and extended to its highest level since 1998
- 10yr USTs remained subdued, Bunds languished beneath the 150 level, and 10yr JGBs were pressured
- Crude futures were choppy whilst spot gold languished near last week's lows and industrial...
08 Jul 2022, 11:40 by Newsquawk Desk
- European bourses have been choppy throughout the session, moving between modest gains and losses despite a lack of fresh fundamental drivers
- DXY continues to climb printing 107.79 at best, to the detriment of peers & commodities; before backing off modestly
- USTs are steady pre-NFP while Bunds have been somewhat choppy, but generally relatively contained
- Fresh fundamentals have been limited for commodities, and focused on familiar themes,...
08 Jul 2022, 06:50 by Newsquawk Desk
- APAC stocks were higher across the board as the region took impetus from Wall St's fourth consecutive win streak.
- Former Japanese PM Abe collapsed and was taken to hospital after he was shot in the chest during a speech.
- European equity futures are indicative of a flat open with Eurostoxx 50 unchanged after the cash market closed up by 2.0% yesterday.
- DXY traded on either side of 107, EUR/USD stalled just shy of 1.02 and JPY gained post-Abe...
07 Jul 2022, 11:50 by Newsquawk Desk
- European bourses are firmer across the board, Euro Stoxx 50 +1.5%, in a continuation of the constructive APAC handover though action remains choppy.
- Bourses, and US futures, were bolstered amid reports that China is considering USD 220bln of stimulus with unprecedented bond sales, via BBG.
- DXY takes a reprieve and resided sub-107.00 with antipodeans leading on sentiment and GBP bid amid the looming resignation of PM Johnson
- Reports on this...