17 Jun 2022, 06:50 by Newsquawk Desk
- APAC stocks mostly suffered firm losses amid the global risk-aversion which saw the S&P 500 close lower by 3.1%.
- BoJ kept policy settings unchanged as expected and will keep offering to buy 10yr JGBs at 0.25%.
- DXY has reclaimed 104 status, JPY is the clear laggard in G10 FX, EUR/USD sits on a 1.05 handle.
- European equity futures are indicative of a positive open with Eurostoxx 50 +0.8% after the cash market closed lower by...
16 Jun 2022, 11:45 by Newsquawk Desk
- European bourses and US futures are hampered following a surprise SNB hike, with pronounced price action seen across assets
- SNB hikes by 50bp to -0.25% and cannot rule out further increases ahead; sparking noted CHF appreciation
- DXY is well off best levels, but has recouped 105.00 as activity currencies come under pressure while CHF & JPY outperform
- Bonds collapse as SNB unexpectedly strikes against inflation; with USTs back to...
16 Jun 2022, 06:50 by Newsquawk Desk
- APAC stocks were mostly positive and followed suit to the gains on Wall Street post-FOMC; SPX +1.46%
- The Fed hiked rates by 75bps and lifted its FFR projections, Fed Chair Powell said he does not expect 75bps moves to be common
- European equity futures are indicative of a positive open with Eurostoxx 50 +0.3% after the cash market closed higher by 1.6% yesterday
- DXY has rebounded from the post-FOMC declines, JPY lags G10 FX, GBP eyes the...
15 Jun 2022, 11:50 by Newsquawk Desk
- US futures are firmer across the board, ES +0.3%, though overall action here is more contained than in Europe given the FOMC looms
- European bourses are supported amid an ad-hoc ECB meeting on current market conditions, an update which bolstered the EUR and narrowed the BTP-Bund spread
- However, the spread re-widened amid sources which did not appear to indicate a marked policy shift from the gathering
- Broader FX features a downtrodden DXY to...
15 Jun 2022, 06:50 by Newsquawk Desk
- APAC stocks traded mixed following a mostly negative US lead and better-than-expected Chinese activity data.
- European equity futures are indicative of a mildly positive open with Eurostoxx 50 +0.3% after the cash market closed with losses of 0.8% yesterday.
- DXY is relatively flat ahead of the European open, JPY leads G10 FX, Cable is back below 1.20.
- ECB's Schnabel said the ECB will not tolerate changes in financing conditions that threaten...
14 Jun 2022, 11:55 by Newsquawk Desk
- European bourses began on the front-foot; however, the ‘turnaround’ was shortlived with bourses now red across the board, Euro Stoxx 50 -0.8%.
- Stateside, futures remain modestly positive, ES +0.4%, awaiting clarity from the Fed amid increasing speculation of a 75bp move
- DXY continues to slip with peers mixed with low-yielding nations benefitting though activity currencies slip once more
- Core debt has consolidated somewhat from Monday’s rout,...
14 Jun 2022, 11:55 by Newsquawk Desk
- European bourses began on the front-foot; however, the ‘turnaround’ was shortlived with bourses now red across the board, Euro Stoxx 50 -0.8%.
- Stateside, futures remain modestly positive, ES +0.4%, awaiting clarity from the Fed amid increasing speculation of a 75bp move
- DXY continues to slip with peers mixed with low-yielding nations benefitting though activity currencies slip once more
- Core debt has consolidated somewhat from Monday’s rout,...
14 Jun 2022, 06:50 by Newsquawk Desk
- APAC stocks were pressured following the global stock and bond slump; S&P 500 -3.9%, NQ -4.6%
- A WSJ piece noted the Fed is likely "to consider surprising markets with a larger-than-expected 0.75-percentage-point interest rate increase at their meeting this week".
- European equity futures are indicative of a higher open with Eurostoxx 50 +0.9% after the cash market closed with losses of 2.7% yesterday.
- DXY pulled back overnight, EUR/USD...
13 Jun 2022, 11:45 by Newsquawk Desk
- European bourses are hampered across the board, Euro Stoxx 50 -2.5%, in a continuation of the fallout from Friday's US CPI and amid fresh COVID concerns in China.
- US futures are in-fitting with this price action, ES -2.4% (sub-3800 at worst), ahead of the FOMC where the likes of Barclays now look for a 75bp hike after the May inflation release.
- DXY continues to climb and has peaked at 104.75 thus far, ahead of the 105.01 YTD best; peers are pressured as such though...
13 Jun 2022, 06:50 by Newsquawk Desk
- APAC stocks declined across the board following the hot US CPI and amid fresh COVID concerns in China.
- European equity futures are indicative of a lower open with Eurostoxx 50 -1.5% after the cash market closed with losses of 3.4% on Friday.
- DXY held on to recent gains, EUR/USD is back below 1.05 and USD/JPY breached 135 for the first time since February 2002.
- UK government will publish legislation on the Northern Ireland Protocol...
10 Jun 2022, 11:30 by Newsquawk Desk
- European bourses are pressured in a continuation of the APAC handover, Euro Stoxx 50 -1.6%
- US futures are mixed/flat for the most part, ES -0.2%, ahead of the US CPI release
- DXY is bid but off 103.49 best levels while antipodeans/JPY outperform as GBP and CAD lag
- BTP-Bund yield spread continues to gradually widen, though Bund upside is offsetting this somewhat
- USTs pivot the unchanged mark pre-CPI, yield curve...
10 Jun 2022, 06:50 by Newsquawk Desk
- APAC stocks were mostly negative after the glum mood rolled over from global counterparts (S&P 500 -2.4%)
- European equity futures are indicative of a lower open with Eurostoxx 50 -0.9% after the cash market closed with losses of 1.7% yesterday
- DXY is softer but maintains 103 status, EUR/USD remains on a 1.06 handle, JPY leads G10 FX
- Crude futures declined amid COVID woes and with pressure seen as Chinese commodities came...
09 Jun 2022, 11:45 by Newsquawk Desk
- Equities are, overall, struggling for clear direction in relatively cautious trade going into ECB; Euro Stoxx 50 -0.5%
- Bourses, and US futures, were lifted amid further constructive China tech developments, this time for Ant; albeit, we have drifted modestly off best since, ES +0.3%
- DXY remains in proximity to 152.00 and within yesterday’s parameters amid JPY and Yuan upside while EUR lies between sizeable OpEx
- Core debt is choppy but Bunds...
09 Jun 2022, 06:50 by Newsquawk Desk
- APAC stocks were subdued following a weak handover from the US and with sentiment cautious
- DXY faded the prior day's marginal gains; G10s were broadly flat with some modest outperformance in the JPY
- The White House said it expects elevated inflation numbers to be released on Friday, according to Reuters
- Shanghai will lock down the Minhang district on Saturday morning for mass COVID-19 testing, according to...
08 Jun 2022, 11:45 by Newsquawk Desk
- European bourses have trimmed initial upside, Euro Stoxx 50 -0.2%, with macro newsflow limited and the initial strength primarily a continuation of APAC/Wall St. leads.
- Stateside, futures are modestly pressured overall but well within overnight ranges ahead of a slim docket; ES -0.4%.
- USD/JPY continues to extend and has peaked just shy of 134.00 thus far; DXY continues to extend though is off intra-day bests
- Core debt experienced hefty...
08 Jun 2022, 06:50 by Newsquawk Desk
- APAC stocks were mostly higher following the gains on Wall St and optimism of China easing its tech crackdown
- DXY was rangebound near 102.50, USD/JPY printed fresh 20-year highs above 133.00, and Antipodeans saw late pressure
- RBI hiked by 50bps to 4.90% (exp. 40bps hike) via unanimous decision and dropped mention of "staying accommodative"
- Elon Musk's effort to arrange new Twitter (TWTR) deal financing is on hold amid...
07 Jun 2022, 11:40 by Newsquawk Desk
- European bourses are modestly pressured, Euro Stoxx 50 -0.9%, with newsflow relatively limited once more and participants looking ahead to the week's risks events
- Stateside, futures are in-fitting directionally, but magnitudes marginally more contained ahead of a sparse US-specific docket
- AUD is contained once more after a 50bp RBA hike, exceeding expectations, sparked short-lived upside while the DXY is steady mid-range
- EGBs have drifted...
07 Jun 2022, 06:50 by Newsquawk Desk
- APAC stocks traded cautiously amid upside in yields and ahead of upcoming risk events.
- European equity futures are indicative of a weaker open with Eurostoxx 50 -0.9% after the cash market closed higher by 1.5% yesterday.
- DXY remains firmer above 102.50, EUR/USD is back below 1.07 and RBA-inspired gains in AUD were trimmed.
- UK PM Johnson won the confidence vote, as expected, with total votes at 211 vs...
06 Jun 2022, 11:30 by Newsquawk Desk
- European bourses are bolstered in limited newsflow as participants recoup from post-NFP pressure amid multiple China-related developments
- US futures in-fitting with this performance and aided by the incremental China COVID developments alongside a pick-up in the regions PMIs
- GBP is bid, but off highs, going into the no-confidence vote for PM Johnson between 18:00-20:00BST/13:00-15:00ET today
- DXY downbeat as such, to the broad benefit of...
06 Jun 2022, 06:51 by Newsquawk Desk
- APAC stocks traded mixed following last Friday's post-NFP losses on Wall St; European equity futures are indicative of a firmer open
- DXY traded flat overnight but remained above the 102.00 level; G10s were uneventful
- China’s Beijing will continue to roll back its COVID-19 restrictions in most districts
- UK Conservative rebels expect the 1922 Committee's Brady to make a statement this morning announcing PM Johnson will be subject to a...
03 Jun 2022, 11:45 by Newsquawk Desk
- European cash bourses are trimming the Wall Street-induced gains seen at the open; US futures posting modest losses
- NQ lags amid TSLA, -3.7% pre-mkt, CEO reportedly calling for a 10% staff reduction and saying he has a "super bad feeling" re. the economy
- DXY relatively rangebound, but inching higher overall, going into NFP; peers marginally softer, as such
- Debt downbeat with German yields extending further and the curve steeper while US...
03 Jun 2022, 06:50 by Newsquawk Desk
- US stocks staged a comeback from opening losses; the Nasdaq outperformed and the SPX closed higher by 1.8%
- APAC stocks took impetus from the gains in the US; Chinese markets were closed for Dragon Boat Festival
- Fed's Mester (2022, 2024 voter) said ongoing rate increases are needed including 50bps rate hikes at the next two Fed meetings
- The White House said they do not expect to see blockbuster job numbers every...
02 Jun 2022, 11:35 by Newsquawk Desk
- European bourses are posting modest gains, Euro Stoxx 50 +0.6%, though volumes are lighter given UK Spring Bank Holiday
- Stateside, futures are firmer across the board, ES +0.5%, with action similarly contained ahead of a busy PM docket featuring ADP and Fed's Mester
- DXY has pulled back to sub-102.50 status amid a broader, initial post-inflation CHF lead, bounce with GBP jubilant on the Jubilee
- EGBs continue to drift with associated yields...
02 Jun 2022, 06:50 by Newsquawk Desk
- APAC stocks followed suit to the subdued performance seen in global peers after the recent upside in yields and hawkish central bank rhetoric.
- European equity futures are indicative of a flat open with Eurostoxx 50 unchanged after the cash market closed lower by 1.0% yesterday.
- FX markets were contained overnight with DXY circa 102.50, USD/JPY hovers around 130.00.
- Saudi Arabia is reportedly ready to pump more oil if Russian output declines,...
01 Jun 2022, 11:40 by Newsquawk Desk
- European bourses are mixed, Euro Stoxx 50 +0.2%, and have struggled to find a clear direction after mixed APAC trade with a busy docket ahead.
- Similar performance seen in US futures, looking to key data and numerous speakers
- DXY bid but relatively contained while EUR lifted but failed to advance much on Holzmann’s latest given hefty OpEx
- WTI and Brent are recovering from yesterday's WSJ source report induced downside, with participants...