13 Dec 2021, 11:55 by Newsquawk Desk
- Gains in European equities are slightly more pronounced than in US equity futures; Stoxx 600 +0.6%, ES +0.3%
- In FX, USD outperforms with the DXY nearing 96.500 at best; EUR/USD below 1.1300 while USD/JPY extends north of 113.50
- TRY is the EM FX laggard; USD/TRY topped 14.5000 before the CBRT intervened ahead of Erdogan meeting the CBRT Governor
- UK raised its COVID alert level to 4 from 3, and accelerated its booster...
13 Dec 2021, 06:54 by Newsquawk Desk
- Asia-Pac equity markets took their cues from last Friday’s gains on Wall Street; US equity futures traded with mild upside overnight
- In FX, the DXY eked mild gains, EUR/USD slipped back under 1.1300 and USD/JPY traded around 113.50
- UK raised its COVID alert level to 4 from 3 and accelerated its booster programme
- UK PM Johnson is reportedly no longer seeking the immediate axing of the ECJ from its role in enforcing the Northern Ireland...
10 Dec 2021, 11:52 by Newsquawk Desk
- European bourses are softer while US equity futures are marginally firmer ahead of US CPI; ES +0.3%
- In FX, the DXY extended on gains in European hours, best level just shy of 96.50, and with peers subdued across the board
- PBoC set USD/CNY mid-point at 6.3702 vs exp. 6.3499 (prev. 6.3498); CBRT intervened in FX markets
- Taiwan says 13 Chinese PLA planes entered the Air Defence Identification Zone (ADIZ) on...
10 Dec 2021, 06:54 by Newsquawk Desk
- Asia-Pac stocks were on the back foot as the region took its cue from the weak performance in the US
- In FX, DXY was steady in a tight range, USD/JPY traded on either side 113.50, USD/CNH saw volatility at the PBoC CNY fix
- PBoC set USD/CNY mid-point at 6.3702 vs exp. 6.3499 (prev. 6.3498)
- Sources in Brussels are confident regarding a compromise on medicines with the UK before year-end
- US oil export ban is not on the...
09 Dec 2021, 12:03 by Newsquawk Desk
- Stocks in Europe have been drifting lower, US equity futures have also succumbed to the modest downside; ES -0.3%
- In FX, the DXY extends above 96.00 with JPY perhaps capping upside while the CNH saw downside on PBoC raising FX RRR by 2ppts
- Chinese PPI topped expectations whilst CPI Y/Y missed but registered the fastest pace of increase since August last year
- Views on the ECB's Governing Council reportedly converging on a limited, temporary...
09 Dec 2021, 06:53 by Newsquawk Desk
- Asian equity markets eventually traded mixed as the early tailwinds from the US gradually waned
- In FX, the DXY recouped some of its recent losses, EUR was subdued and JPY was indecisive
- Chinese PPI topped expectations whilst CPI Y/Y missed but registered the fastest pace of increase since August last year
- PBoC is reportedly seeing its special status beginning to erode with the government starting to push its influence on the central bank,...
08 Dec 2021, 11:45 by Newsquawk Desk
- Broader sentiment was dented on UK COVID Plan B updates; US equity futures mostly hold onto mild gains
- UK sources suggest an 85% chance of implementing COVID Plan B, potentially from Thursday; press conference at 17:30GMT/12:30EST
- Apple (+0.7% pre-mkt) was forced to scale back its total output target for 2021 and reportedly told suppliers to accelerate iPhone production for November-January
- House approved the measure to speed the debt limit...
08 Dec 2021, 06:55 by Newsquawk Desk
- Asian equity markets traded positively; US equity futures saw mild gains overnight after Wall Street closed firmly in the green
- In FX, DXY pulled back, EUR/USD nursed some recent losses, USD/JPY hovered around 113.50 and CAD lagged
- Preliminary results from a small study showed a 40x reduction in neutralization capacity of the Pfizer vaccine against Omicron
- Early hospitalisation data from South Africa showed the new variant could result in...
07 Dec 2021, 11:52 by Newsquawk Desk
- European stocks have conformed to the risk appetite seen across global peers; US equity futures continue to rise - ES +1.3%
- In FX, the DXY is firmer but remains capped by 96.50, antipodeans outperform on base-metals while EUR & GBP are only marginally lower
- The RBA maintained its Cash Rate at 0.10% and weekly bond purchases at AUD 4bln until mid-February, as expected
- PBoC has lowered the relending rate by 25bps for agricultural and small...
07 Dec 2021, 06:54 by Newsquawk Desk
- Asia-Pac stocks traded mostly in the green following the positive close on Wall Street; US equity futures meandered higher overnight
- In FX, the DXY was indecisive, JPY underperformed, and AUD was boosted post-RBA as iron ore futures gained
- The RBA maintained its Cash Rate at 0.10% and weekly bond purchases at AUD 4bln until mid-February, as expected
- PBoC has lowered the relending rate by 25bps for agricultural and small companies, according...
06 Dec 2021, 11:54 by Newsquawk Desk
- Early gains across equities faded; Euro Stoxx 50 +0.5%, ES -0.1%, NQ -0.5%
- PBoC cut the RRR effective from December 15th; 50bp reduction that will release CNY 1.2tln in liquidity.
- The DXY is pressured at fresh lows but retains 96.00+ status with peers mixed as havens lag
- US President Biden and Russian President Putin are to hold a phone call on Tuesday at 15:00GMT/10:00EST
- Saudi Aramco over the weekend raised...
06 Dec 2021, 06:52 by Newsquawk Desk
- Asian equities began the week cautiously following last Friday's negative performance stateside
- In FX, the DXY traded within a tight range, EUR and safe havens were subdued and activity currencies outperformed
- UK ministers announced fresh COVID-19 restrictions for travellers entering the UK
- US President Biden and Russian President Putin are to hold a phone call on Tuesday
- Saudi Aramco over the weekend raised official...
03 Dec 2021, 11:59 by Newsquawk Desk
- The positivity seen heading into the European open dissipated; US equity futures are seeing modest broad-based losses
- US Democratic Sen. Manchin is skeptical that the Build Back Better bill can pass the Senate this year, CNN sources state
- Caixin Services and Composite PMI data slowed from the prior month, but both remained in expansion territory
- The DXY has edged mild gains above 96.00; GBP was hit by a less hawkish Saunders and TRY saw CBRT...
03 Dec 2021, 06:54 by Newsquawk Desk
- Asian equities eventually traded mostly higher following the cyclical-led rebound in the US
- Caixin Services and Composite PMI data slowed from the prior month, but both remained in expansion territory
- The DXY has edged mild gains above 96.00 whilst EUR/USD and GBP/USD hover around 1.13 and 1.33 respectively
- The House and Senate both passed the stopgap funding bill to avert a government shutdown
- Looking ahead,...
01 Dec 2021, 11:52 by Newsquawk Desk
- European bourses are firmer across the board with a clear cyclical bias; US futures are in the green with RTY outperforming
- US Conservatives on both sides of the Capitol are reportedly plotting to force a government shutdown Friday
- Chinese Caixin Manufacturing PMI fell short of estimates and slipped back into contraction territory
- The DXY traded on either side of 96.000 whilst TRY whipsawed on CBRT intervention and Erdogan...
01 Dec 2021, 06:55 by Newsquawk Desk
- Asian equity markets traded mostly positive as regional bourses atoned for the prior day’s losses
- US equities closed lower (S&P 500 -1.9%) amid ongoing COVID concerns and comments from Fed Chair Powell
- Chinese Caixin Manufacturing PMI fell short of estimates and slipped back into contraction territory
- The DXY is back below 96.00 with activity currencies leading gains against the greenback
- Looking ahead,...
30 Nov 2021, 12:02 by Newsquawk Desk
- Initial momentum for APAC equities was faded; European stocks remain under pressure
- This sentiment has seeped into US equity futures; RTY lags, NQ is cushioned by softer yields
- Moderna chief predicts that existing vaccines will be much less effective against the Omicron variant
- WSJ reported Regeneron's and Eli Lilly's COVID antiviral cocktails had lost efficacy vs the Omicron variant
- Oxford University said there is...
30 Nov 2021, 06:55 by Newsquawk Desk
- Initial momentum for APAC equities was faded amid downbeat comments from the Moderna CEO
- Moderna chief predicts that existing vaccines will be much less effective against the Omicron variant
- Chinese Manufacturing PMI (Nov) 50.1 vs. Exp. 49.6 (Prev. 49.2)
- Fed Chair Powell stated that the Omicron variant pose downside risks to employment and increased uncertainty for inflation
- The DXY heads into the European session...
29 Nov 2021, 12:00 by Newsquawk Desk
- Bourses in Europe are experiencing a mild broad-based rebound; US equity futures also see gains across the board
- South African Medical Association Chairwoman Coetzee said the new Omicron variant has resulted in mild symptoms so far
- DXY resides in a tight range, activity currencies are faring well; Friday's outperformers lag
- OPEC is to delay this week's JTC and JMMC meetings by two days. OPEC and OPEC+ meeting dates...
29 Nov 2021, 06:55 by Newsquawk Desk
- Asia-Pac stocks traded cautiously and US equity futures rebounded from Friday’s hefty selling
- South African Medical Association Chairwoman Coetzee said the new Omicron variant has resulted in mild symptoms so far
- NIH Director Collins is optimistic that current vaccines are likely to protect against the Omicron
- The DXY has attempted to claw back some of Friday's losses. Activity currencies are faring well
- OPEC is to...
26 Nov 2021, 11:30 by Newsquawk Desk
- European equities are trading markedly lower (Stoxx 600 -2.9%) with losses in the Stoxx 600 extending to 3.8% WTD; ES -1.9%, RTY -4.2%
- The new variant is said to be the most evolved strain so far, prompting fears that it could be worse than Delta
- USTs and Bunds are notably firmer and safe-havens (JPY, CHF) lead the way in the G10 FX space
- WTI crude futures declined 6% to breach the USD 73.00/bbl level to the...
26 Nov 2021, 06:55 by Newsquawk Desk
- Asian equities and US futures are on the backfoot with markets spooked by new COVID variant concerns
- The new variant is said to be the most evolved strain so far, prompting fears that it could be worse than Delta
- USTs and Bunds are notably firmer and safe-havens (JPY, CHF) lead the way in the G10 FX space
- WTI crude futures declined nearly 3% to breach the USD 76.00/bbl level to the downside
- Looking ahead, highlights...
25 Nov 2021, 06:54 by Newsquawk Desk
- Asian equities traded mixed following the mostly constructive lead from the US which saw the NQ outperform
- FOMC minutes showed that some policymakers wished for a faster pace of purchases
- In FX, the DXY has marginally retreated after approaching 97.00, EUR/USD briefly lost 1.12 status
- Looking ahead, highlights include German GDP, Riksbank Rate Decision, ECB Minutes, ECB's Elderson, Schnabel, Lagarde, supply from Italy. US market closures for...
24 Nov 2021, 11:43 by Newsquawk Desk
- European bourses are subdued after initial firmer/mixed performance faded on German COVID-19 concerns, DAX -0.9%, ES -0.4%
- German coalition announcement due ~14:00GMT/09:00EST, focus on any COVID commentary given recent outgoing-government rhetoric
- DXY has risen to fresh YTD highs though JPY retains a modest bid while Bunds have whipsawed on COVID and poor issuance, USTs comparably more contained pre-data
- RBNZ hiked the OCR by 25bps to 0.75%...
24 Nov 2021, 06:54 by Newsquawk Desk
- Asia-Pac equity indices were mixed following the choppy performance of their US counterparts
- In FX, the DXY continues to hover around the 96.50 mark, NZD lags
- RBNZ hiked the OCR by 25bps to 0.75% as expected and vowed to take a steady approach going forward
- Oil prices held on to the prior day's gains after Brent and WTI crude futures rallied by more than 3% and 2% respectively
- Looking ahead, highlights include German...