19 Nov 2021, 11:40 by Newsquawk Desk
- Pronounced and broad based risk-off move was seen as Austria announced a hard lockdown and Germany refused to rule such measures out
- The back-to-back news pushed the DXY and Bunds above 96.00 and 172.00 respectively, Brent fell below USD 79.50/bbl; equities were pressured
- US House Democrat leaders are aiming for a vote on “Build Back Better” on Friday; CBO says the bill is not fully paid for
- Chinese Premier Li says China's economy is seeing...
19 Nov 2021, 06:52 by Newsquawk Desk
- Asia-Pac stocks traded mostly positive; Hang Seng lagged amid substantial losses in Alibaba
- S&P 500 and Nasdaq notched fresh record closes; overnight US equity futures drifted higher
- In FX, the DXY remained above 95.50, EUR/USD tested 1.1350 to the downside and AUD narrowly outperformed
- A compromise over the European Court of Justice could be within reach in Northern Ireland Protocol talks, according to...
18 Nov 2021, 11:51 by Newsquawk Desk
- Major bourses in Europe are choppy; US equity futures have been grinding higher in early European hours
- In FX, the DXY pulled back modestly from the 96.00 mark whilst the NZD/USD outperforms; EUR/USD and GBP/USD trade sideways
- New COVID-19 restrictions for Germany are to be announced around lunchtime today, Sky's Parson's
- China National Food and Strategic Reserves Administration stated that it was working on the release of crude...
18 Nov 2021, 06:56 by Newsquawk Desk
- Asia-Pac stocks traded mostly negative with sentiment in the region subdued; Hong Kong lagged
- In FX, the DXY pulled back modestly from the 96.00 level whilst NZD/USD outperformed
- US and China reportedly agreed after the Biden-Xi meeting to embrace frequent interactions in the next 3-4 months
- China National Food and Strategic Reserves Administration stated that it was working on the release of crude reserves
- UK and EU...
17 Nov 2021, 11:41 by Newsquawk Desk
- Risk sentiment is contained with fresh catalysts slim after a mixed APAC handover and ahead of numerous Central Bank speakers, ES U/C
- DXY remains near-96.00 after briefly surging above the mark with peers mixed but contained and NZD outperforming on domestic lockdown updates
- TRY has been knocked to fresh record lows against the USD amid familiar commentary from Erdogan on interest rates ahead of tomorrow's CBRT announcement
- US asks China to...
17 Nov 2021, 06:55 by Newsquawk Desk
- Asian equity markets traded mixed and struggled to sustain the positive lead from the US
- The S&P 500 reclaimed the 4,700 level and briefly approached to within four points of its all-time high
- In FX, the DXY has breached 96.00 to the upside, sending EUR/USD below 1.13 and USD/JPY to a four year high
- US President Biden said that he will make a final decision about Fed Chair in about four days
- Looking ahead,...
16 Nov 2021, 11:45 by Newsquawk Desk
- European bourses/US futures diverge with Europe firmer after a mixed APAC session while US peers remain tentative ahead of retail/IP data
- Opening remarks at the Biden-Xi virtual meeting set a friendly tone although expectations had been lowered ahead of the event
- Chinese President Xi said both sides must increase communication and cooperation
- German Energy Regulator has temporarily suspended certification for Nord Stream 2; subsequently,...
16 Nov 2021, 06:54 by Newsquawk Desk
- Asia-Pac stocks traded mixed in a slight improvement from the inconclusive Wall St. handover
- Opening remarks at the Biden-Xi virtual meeting set a friendly tone although expectations had been lowered ahead of the event
- Chinese President Xi said both sides must increase communication and cooperation
- The DXY has seen a mild pullback from advances above 95.50. EUR/USD remains sub-1.14
- Looking ahead, highlights include...
15 Nov 2021, 11:43 by Newsquawk Desk
- European bourses and US futures remain contained after an indecisive APAC session on mixed data ahead of Biden-Xi meeting
- Releases included better than expected Chinese activity data and a miss on Japanese GDP
- Biden-Xi meeting is aimed at setting the terms of trade to avoid future conflict, tariffs not expected to be on the agenda
- DXY remains softer on the session but holds onto 95.00 after briefly losing it overnight, peers are broadly...
15 Nov 2021, 06:53 by Newsquawk Desk
- Asian equity markets began the week with a lack of firm direction as the region digested varied tier-1 economic data
- Releases included better than expected Chinese activity data and a miss on Japanese GDP
- DXY heads into the European session around the 95.00 mark. Antipodeans lead gains vs. the USD
- White House said it is looking at every tool in its arsenal to address the rise in gas prices
- Looking ahead, highlights...
12 Nov 2021, 11:50 by Newsquawk Desk
- European bourses & US futures are modestly firmer, action has been very rangebound in quiet trade, ES +0.1%
- Russian Defence Ministry says US military activity in the Black Sea is aggressive and poses a threat to regional and strategic stability, IFX.
- DXY remains above 95.00 but the broader complex is mixed with similar performance in fixed income on the return of cash Treasuries
- Johnson & Johnson (JNJ) is planning to split into two...
12 Nov 2021, 06:52 by Newsquawk Desk
- Asian equity markets traded mostly higher following a mixed session in the US
- Stateside, SPX closed flat, DJIA lower, NDX bid, and RUT outperformed
- The DXY has extended on gains above 95.00, adding further pressure to major counterparts
- Mexican Central Bank raised its interest rate by 25bps to 5.0%, as expected
- Looking ahead, highlights include Eurozone Industrial Production, US JOLTS, Uni. of Michigan, ECB's...
11 Nov 2021, 11:52 by Newsquawk Desk
- European bourses are contained with newsflow minimal given Veteran's Day and the light docket; ES +0.3%
- In FX, the DXY has eclipsed 95.00 with peers pressured across the board with Cable losing 1.3400 and EUR/USD approaching 1.1450
- WTI and Brent have been choppy but come under further pressure as the USD picks-up ahead of the OPEC MOMR
- US Senator Manchin could reportedly "punt" Biden's Build Back Better agenda to next year amid inflation...
11 Nov 2021, 06:53 by Newsquawk Desk
- Asian equity markets traded mixed as positive headlines out of China provided reprieve from losses in the US
- Evergrande was reported to have paid the overdue interest on three bonds to avoid a default
- In FX, the DXY tested 95.0 to the upside, EUR/USD trades sub-1.15 and AUD lags post-jobs data
- US Senator Manchin could reportedly "punt" Biden's Build Back Better agenda to next year amid inflation concerns
- Looking...
10 Nov 2021, 11:53 by Newsquawk Desk
- European bourses & US futures are rangebound and directionless ahead of US data, with IJC also due given Veteran's day
- DXY is bolstered having reclaimed 94.00 with peers subdued across the board and NZD lagging on data
- Core debt is subdued pre-CPI with ECB-related updates and another poor German issuance factoring
- Chinese consumer prices registered their fastest increase in more than a year and factory gate prices rose at a fresh record...
10 Nov 2021, 06:53 by Newsquawk Desk
- Asian equity markets traded negatively after a lacklustre handover from Wall Street where the major indices took a break from recent advances
- Chinese consumer prices registered their fastest increase in more than a year and factory gate prices rose at a fresh record pace
- A virtual meeting between US President Biden and Chinese President Xi is reportedly planned for as soon as next week
- The DXY heads into the European session north of 94.00,...
09 Nov 2021, 11:56 by Newsquawk Desk
- European bourses and US futures are contained with fundamental updates minimal and data not moving the dial ahead of Fed speak, ES +0.1%
- FX has seen the DXY lose 94.00 to the modest benefit of peers across the board while core debt is firmer experiencing a grinding bid
- Fed's Brainard was interviewed by President Biden for the Fed Chair role last week, according to reports
- Looking ahead, highlights include US PPI, ECB's Panetta, Lagarde,...
09 Nov 2021, 06:53 by Newsquawk Desk
- Asia-Pac stocks traded indecisively and were unable to benefit from the positive Wall St. handover
- Stateside, the S&P 500 notched an 8th consecutive record close
- In FX, the DXY has lost 94.00 status, JPY leads gains vs. the USD whilst EUR/USD has reclaimed 1.16
- Fed's Brainard was interviewed by President Biden for the Fed Chair role last week, according to reports
- Looking ahead, highlights include German Trade...
08 Nov 2021, 11:20 by Newsquawk Desk
- European bourses/US futures are contained awaiting the US entrance and notable Central Bank speakers, ES +0.1%, NQ -0.1%
- Tesla (TSLA) CEO Musk, via a Twitter poll, asked if he should sell a 10% stake (~USD 21bln) in Tesla, 57.9% voted "Yes"; -6.0% in pre-market
- DXY has been choppy though G10 peers, ex-NZD & CHF, are contained while core debt dips after Friday's upside
- US House voted to pass the USD 1.2tln bipartisan infrastructure bill...
08 Nov 2021, 06:54 by Newsquawk Desk
- Asian equity markets began the week subdued; US equity futures were mostly lower with underperformance in the NQ
- Tesla (TSLA) CEO Musk, via a Twitter poll, asked if he should sell a 10% stake (~USD 21bln) in Tesla; 57.9% voted "Yes" with over 3.5mln total votes
- US House voted to pass the USD 1.2tln bipartisan infrastructure bill late on Friday and sent it to President Biden for signing
- Chinese trade data showed a larger-than-expected trade...
05 Nov 2021, 10:55 by Newsquawk Desk
- European bourses are firmer after a directionless open, amid a grinding bid throughout the session with US futures following suit; ES +0.3
- US House is to meet at 12:00GMT/08:00EDT to debate the procedural “rule” to put the social spending bill on the floor; hoping to debate & vote today
- The DXY remains bid and is in proximity to the current YTD peak of 94.563 with peers subdued and GBP still reeling post-BoE
- Core debt diverges with EGBs...
05 Nov 2021, 06:54 by Newsquawk Desk
- Asian equity markets traded cautiously following a somewhat mixed handover from the US
- The S&P 500 and Nasdaq extended on fresh record highs with outperformance in rate-sensitive stocks
- The DXY has held on to gains above 94.00, EUR/USD remains on a 1.15 handle and GBP/USD trades sub-1.35
- Looking ahead, highlights include German Industrial Production, Eurozone Retail Sales, US and Canadian Labour Market Reports, ECB's de Guindos,...
04 Nov 2021, 11:03 by Newsquawk Desk
- European bourses are firmer continuing the post-FOMC APAC tailwinds with US futures marginally positive but rangebound, ES +0.1%
- DXY is firmed and comfortably above 94.00 with EUR lagging and below 1.1550 & Cable pressured pre-BoE
- OPEC+ is likely to stick to plans to raise output by 400k BPD despite calls from the US for extra supply, according to sources
- House majority leader Hoyer said votes on bipartisan infrastructure framework and...
04 Nov 2021, 06:54 by Newsquawk Desk
- The FOMC announced its tapering schedule as expected whilst stressing patience on rate hikes
- Asia-Pac stocks traded higher amid tailwinds from the fresh record highs stateside in the aftermath of the FOMC
- DXY heads into the European open firmer and north of 94.00, EUR lags in the G10 space with EUR/USD sub-1.16
- Iran said nuclear talks will resume on November 29th in Vienna
- Looking ahead, highlights include German...
03 Nov 2021, 10:55 by Newsquawk Desk
- European bourses & US futures are contained in pre-FOMC trade; ES -0.1%
- China's most recent COVID-19 outbreak is reportedly the most widespread since Wuhan
- DXY is pressured and briefly lost 94.00 but held above yesterday's trough with peers deriving modest gains; TRY lags in EMs
- ECB's Lagarde said despite the current inflation surge, the outlook for inflation over the medium term remains subdued, three ECB conditions for hike unlikely to...