09 May 2024, 11:19 by Newsquawk Desk
- European equities are mixed, Stateside futures lower with slight underperformance in the RTY
- Dollar is firmer, G10s in the red and USD/JPY now just shy of 156.00
- Bonds pressured in a continuation of recent action; Gilts underperform slightly ahead of the BoE
- Crude is firmer, XAU flat and base metals mostly lower
- Looking ahead, US IJC, NZ Manufacturing PMI, BoE Policy Announcement, BoE DMP, Banxico Policy...
09 May 2024, 06:36 by Newsquawk Desk
- APAC stocks were mixed following the indecisive performance stateside, while somewhat mixed but improved Chinese trade data had little impact.
- European equity futures indicate a flat open with Euro Stoxx 50 futures unchanged after the cash market closed higher by 0.4% on Wednesday.
- DXY is steady near the 105.50 mark with price action in the FX space contained.
- Bunds extended on their recent pullback, Crude remains afloat after...
08 May 2024, 11:05 by Newsquawk Desk
- European equities are entirely in the green, whilst Stateside futures are a little more tentative
- Dollar is incrementally firmer, G10s peers softer to various degrees, AUD & JPY underperform
- Bonds pressured, taking a breather from this week’s advances
- Crude slips with geopolitical updates light, XAU and base metals are pressure from the Dollar and downbeat Chinese price action overnight
- Looking ahead, US...
08 May 2024, 06:38 by Newsquawk Desk
- APAC stocks were mostly lower after the choppy US performance and in the absence of fresh catalysts.
- European equity futures indicate a marginally softer open with Euro Stoxx 50 futures down 0.1% after the cash market closed higher by 1.2% on Tuesday.
- USD is firmer with USD/JPY back above 155, EUR/USD sits below 1.0750 and Cable lost 1.25 status.
- Israeli PM Netanyahu's spokesman said Hamas's proposal is far from Israel's demands and the gaps...
07 May 2024, 11:15 by Newsquawk Desk
- European equities are entirely in the green; US futures are mixed
- Dollar is slightly firmer, Aussie underperforms following the RBA, USD/JPY now around 154.50
- Bonds are firmer and extending on the prior day’s gains; Gilts outperform on their return from holiday
- Crude is flat awaiting geopolitical updates, XAU softer and base metals are mixed
- Looking ahead, US RCM/TIPP Economic Optimism, CBR Policy Announcement, EIA...
07 May 2024, 06:40 by Newsquawk Desk
- APAC stocks were mixed as the region only partly sustained the momentum from Wall St where the major indices extended on post-NFP advances amid rate cut hopes, while key markets returned from the long weekend.
- DXY was uneventful, USD/JPY continued to pick itself up from last week's trough and reclaimed the 154.00 status, AUD/USD was pressured after the RBA announcement.
- RBA kept the Cash Rate Target unchanged at 4.35%, as expected, while it reiterated the Board...
06 May 2024, 11:30 by Newsquawk Desk
- Equities are entirely in the green; Apple -1.1% is lower pre-market after Berkshire Hathaway decreased its stake in Q1
- DXY is flat, EUR unreactive to PMIs & USD/JPY holds just under 154.00
- Bonds are modestly firmer, with initial upside in Bunds trimmed slightly by large upward revisions to EZ PMIs
- Crude is firmer with Rafah in focus, XAU is bid and base metals benefit from the risk tone
- Looking ahead, US...
06 May 2024, 06:45 by Newsquawk Desk
- Positive bias for APAC stocks after the US jobs report but with varied performance on the holiday return
- DXY remains near 105.00 with peers flat/mixed ex-JPY which has seen USD/JPY recoup Friday's losses
- Commodities supported as geopolitical tensions intensify with Gaza talks reportedly near collapsing and civilians being evacuated from Rafah
- Fed speak in focus with Williams & Goolsbee over the weekend, though fixed action limited with...
03 May 2024, 11:10 by Newsquawk Desk
- European equities entirely in the green; US equity futures are mixed ahead of US NFP
- Dollar is slightly softer, USD/JPY dips lower to around 153.00
- Bonds are mixed but remain rangebound ahead of today’s key events
- Crude trades within a tight range, XAU flat and base metals mostly firmer
- Looking ahead, US NFP, Services PMI & ISM Non-Manufacturing, Comments from Fed's Goolsbee &...
03 May 2024, 06:35 by Newsquawk Desk
- US equity futures were boosted after-hours following better-than-expected earnings from Apple (+6%) which announced an additional USD 110bln buyback.
- APAC stocks took impetus from Wall St where equities extended on post-FOMC gains; Hang Seng extended its rally after having recently entered a bull market; Japan and Mainland China were closed.
- DXY was lacklustre with markets now awaiting key US jobs data; USD/JPY continued to decline and printed fresh intervention...
02 May 2024, 11:13 by Newsquawk Desk
- European equities are mixed while US equity futures are entirely in the green
- Dollar is flat, CHF bid after hotter inflation metrics, USD/JPY higher and at 155.20
- USTs softer but relatively contained in the fall-out of the FOMC; Bunds are higher and playing catch up
- Crude is incrementally firmer, XAU is softer and base metals are mixed
- Looking ahead, US Challenger Layoffs, International Trade, IJC, CNB Policy...
02 May 2024, 06:40 by Newsquawk Desk
- Fed kept rates unchanged, noted a lack of progress on inflation and decided to slow the pace of its balance sheet runoff.
- US Stocks ended the session softer despite an initial dovish reaction, US yield curve bull-steepened.
- European equity futures indicate a lacklustre open with the Euro Stoxx 50 future down 0.2%.
- USD/JPY dropped aggressively late in the US session amid suspected FX intervention; formed a trough near...
01 May 2024, 11:15 by Newsquawk Desk
- European bourses are closed for Labour Day, with the exception of the UK’s FTSE 100, which is incrementally firmer; US equity futures are entirely in the red
- Dollar is flat with G10 peers also holding pattern awaiting a slew of US data and the FOMC
- USTs are unchanged ahead of today’s key events, with QRA also in focus; Gilts subdued
- Crude sinks lower, XAU is incrementally firmer and base metals are lower across the...
01 May 2024, 06:35 by Newsquawk Desk
- NOTE: All major European markets (ex-UK) are closed for Labour Day.
- APAC stocks took their cues from the losses on Wall St and with trade mired by mass holiday closures.
- DXY is rangebound on a 106 handle, EUR/USD sits just above 1.0650, USD/JPY edged closer to 158.00.
- Amazon beat on top and bottom lines; Co. shares were up 1.2% after-hours.
- Looking ahead, highlights include UK, US Manufacturing PMI, US ADP,...
30 Apr 2024, 11:20 by Newsquawk Desk
- European bourses are mixed, though have tilted lower as the session progressed; US equity futures modestly softer
- DXY is flat, EUR benefits from strong EZ GDP metrics, USD/JPY firmer and just shy of 157.00
- Bonds are lower, dragged down by French/German and finally EZ figures
- Crude is incrementally firmer as Gaza peace talks continue, XAU at session lows and base metals in the red
- Looking ahead, US Employment Cost...
30 Apr 2024, 06:35 by Newsquawk Desk
- APAC stocks were mostly higher but with gains capped heading into month-end alongside a slew of data and earnings.
- Official Chinese NBS Manufacturing and Caixin Manufacturing PMIs topped forecasts but Non-Manufacturing PMI disappointed.
- European equity futures indicate a flat open with the Euro Stoxx 50 future unchanged after the cash market closed down 0.5% on Monday.
- DXY is a touch firmer in an attempt to unwind recent losses, USD/JPY...
29 Apr 2024, 11:13 by Newsquawk Desk
- European bourses were initially firmer, though have since dipped lower; US futures remain modestly in the green
- Dollar is softer amid hefty USD/JPY selling; the pair rose to 160.00 before sharp downticks with intervention suspected
- Bonds are firmer benefiting from dovish Spanish/German inflation metrics
- Crude is softer as Israel-Gaza truce talks continue; XAU flat and base metals mixed
- Looking ahead, German CPI, EZ...
29 Apr 2024, 06:50 by Newsquawk Desk
- APAC stocks began the week on the front foot after the tech-led surge last Friday on Wall St; Japan was on holiday.
- European equity futures indicate a positive open with the Euro Stoxx 50 future +0.4% after the cash market closed up 1.4% on Friday.
- USD/JPY saw volatile trade in which it initially surged to above 160.00. The pair later saw a sharp drop and breached 156.00 to the downside despite the absence of any obvious drivers.
- Egypt...
26 Apr 2024, 11:20 by Newsquawk Desk
- Equities are firmer, benefiting from strong Big Tech earnings; Google (+11.7%), Microsoft (+3.6%)
- Dollar is flat, USD/JPY moved lower in quick succession before paring back, Aussie outperforms given the risk tone and higher metal prices
- Bonds are modestly firmer, though very much contained ahead of US PCE
- Crude within recent ranges, XAU trudges higher and base metals entirely in the green; 3M LME topped USD...
26 Apr 2024, 06:30 by Newsquawk Desk
- APAC stocks were mostly higher as the region digested recent market themes and the BoJ policy announcement.
- The BoJ kept policy settings unchanged and refrained from any major hawkish surprises.
- Tech earnings from Alphabet (+11.5%) and Microsoft (+4.3%) topped forecasts and boosted futures after-hours.
- DXY lacked firm direction overnight, JPY softer post-BoJ with USD/JPY on a 156 handle, EUR/USD is back above...
25 Apr 2024, 11:05 by Newsquawk Desk
- European bourses are mostly lower, US equities are mixed, with the NQ underperforming after Meta (-13.1%) results
- Dollar is lower, Antipodeans benefit from higher metals prices, JPY is softer holding above 155.50 against the USD
- Bonds are rangebound awaiting impetus from Tier 1 data later today
- Crude is slightly lower in absence of energy-specific newsflow, XAU benefits from the weaker dollar, base metals are mostly...
25 Apr 2024, 06:28 by Newsquawk Desk
- APAC stocks were mostly subdued after the uninspiring handover from the US; Australia and New Zealand markets were closed for ANZAC Day.
- US equity futures were pressured with underperformance in Nasdaq 100 after Meta shares dropped over 15% post-earnings.
- European equity futures indicate a slightly softer open with the Euro Stoxx 50 future -0.1% after the cash market closed down 0.4% on Wednesday.
- DXY is steady below the 106 mark, USD/JPY...
24 Apr 2024, 10:54 by Newsquawk Desk
- European bourses are mostly firmer; NQ outperforms, propped up by gains in Tech names – TSLA +10.5% pre-market, TXN +7.3%
- Dollar is firmer, AUD benefits from the risk tone and on hotter Aussie CPI, USD/JPY printed a high of 154.96
- USTs are pressured, giving back some of the PMI-induced gains; Bunds follow suit and eye YTD lows
- Crude and XAU are subdued by Dollar strength, base metals remain resilient
- Looking ahead,...
24 Apr 2024, 06:35 by Newsquawk Desk
- APAC stocks gained as the region took impetus from the rally on Wall St where soft PMI data spurred a dovish reaction across asset classes.
- Tesla shares were up 13% post-earnings despite its results falling short of estimates as the Co. flagged a sooner launch of new and more affordable models.
- DXY holds below the 106 mark following yesterday's sell-off, EUR/USD is lingering around the 1.07 level, AUD boosted post-CPI.
- European equity...
23 Apr 2024, 10:55 by Newsquawk Desk
- European equities are entirely in the green; US equity futures trade modestly on either side of the unchanged mark.
- Dollar is slightly softer, EUR incrementally firmer post-EZ PMI; USD/JPY hits multi-decade highs once again.
- USTs initially remained in overnight ranges but succumbed to modest selling pressure following EZ PMIs.
- Crude is marginally firmer, underpinned by EZ PMIs; XAU continues to decline and base metals...