Newsquawk

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  • US stocks finished mixed (S&P 500 -0.4%) following a choppy, catalyst-lite session with indices stumbling into the close
  • Asian stocks were mixed after the choppy mood in the US with newsflow dominated by geopolitical headlines
  • European futures are indicative of a softer open with the Eurostoxx 50 future down by 0.3% after the cash market closed higher by 0.3% yesterday
  • DXY marginally gained above 95.50 but with price action contained....
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  • Core European bourses are choppy and mixed overall, Euro Stoxx 50 -0.1%, though the periphery is pressured on domestic debt downside; FTSE MIB -1.6%
  • Stateside, US futures are pressured but have also been choppy/rangebound for the most part, RTY lags
  • Dollar retains the bulk of its stellar BLS labour report gains, but eases from best levels; with peers mixed across the board
  • BTPs drop as core-periphery spreads widen with Lagarde in focus,...
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  • US stocks finished mostly positive on Friday in what was a choppy session as investors digested a blow-out NFP report
  • Asian stocks were mixed with mainland Chinese participants returning from the Lunar New Year holiday
  • European futures are indicative of a higher open with the Eurostoxx 50 future up by 0.5% after the cash market closed lower by 1.3% on Friday
  • DXY climbed back above 95.50 post-NFP beat with participants eyeing this week's US...
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  • European equities have drifted from the positive cash open despite a lack of news flow; US equity futures have largely given up earlier gains, NQ remains the outperformer post-Amazon
  • DXY is contained but with a negative bias as EUR extends further, GBP pullsback and antipodeans lag
  • Core EGB benchmarks came under further pressure in early-European hours on further hawkish repricing; USTs remain relatively contained
  • WTI and Brent continue to...
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  • Asian stocks eventually traded mostly positive following the tech-related turbulence in US
  • After-market earnings saw Amazon (AMZN) rising 14% and Snap (SNAP) soaring almost 60%
  • US equity futures rose overnight with the NQ (+2%) leading the gains; Amazon holds an ~8% weighting in the NDX
  • In FX, DXY extended further below 96.00, EUR/USD climbed above 1.1450 and Cable briefly reclaimed a 1.3600 handle
  • In fixed income,...
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  • European bourses are pressured, Stoxx 600 -0.7% given the US after-market read across, followed by numerous earnings releases in the pre-market dictating individual movers/sectors.
  • US futures are subdued and the NQ underperforms on Meta (-20%) earnings while the ES/RTY fare marginally better going into risk events.
  • DXY has seen a bounce as peers pull-back going into BoE/ECB with G10 peers pressured across the board.
  • Core debt is contained/choppy while EGB periphery benchmarks lag marginally amid...
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  • US stocks finished mostly higher in which major indices gained for a 4th straight day, although futures were sold overnight as Meta shares slumped over 20% post-earnings
  • Asian stocks were mostly negative and took their cues from the selling pressure in US equity futures and the Meta slump
  • European futures are indicative of a slightly softer open with the Eurostoxx 50 future down by 0.2% after the cash market closed lower by 0.1%...
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  • European bourses are firmer benefitting from after-market US updates amid a number of European earnings; sectors are predominantly in the green with Tech outperforming post-Google
  • US futures are bolstered across the board as the NQ outperforms given Google's +10.5% gains in the pre-market and its heavyweight status in the index; note, Meta and Amazon earnings are due Wednesday and Thursday respectively
  • Greenback continues to soften on repositioning and hit on EUR...
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  • US stocks finished higher as buying late in the session helped stocks breakout from early tentativeness (S&P 500 +0.6%)
  • Asian stocks were positive as the region took impetus from Wall St's best 3-day performance since 2020
  • US equity futures traded mostly higher overnight led by the Nasdaq 100 futures after strong Alphabet and AMD earnings; E-mini S&P +0.5%
  • European futures are indicative of a positive open with the Eurostoxx 50...
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  • European bourses are firmer taking impetus from the holiday-thinned APAC handover and Monday's US close; albeit, benchmarks are off best levels, Euro Stoxx 50 +1.0%
  • Stateside, US futures are relatively contained but have moved directionally with European peers, the NQ remains the current modest outperformer
  • DXY sheds more Fed rate hike premium and month-end rebalancing momentum; with peers firmer across the board
  • Core debt regrouping after month-end rout, with data on the horizon amid a limited...
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  • US stocks rallied amid month-end rebalancing and in the aftermath of recent heavy selling. S&P 500 (+1.9%), Nasdaq (+3.4%). 
  • Asian stocks were positive but with upside limited amid mass holiday closures for the Lunar New Year.
  • European futures are indicative of a positive open with the Eurostoxx 50 future up by 1.0% after the cash market closed higher by 0.9% yesterday.
  • DXY lacklustre ahead of the European open, EUR/USD capped...
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31st January 2022

  • European equities kicked off the week with gains across the board before momentum waned
  • US equity futures have eased off best levels to conform to a mostly downward bias; NQ outperforms
  • In FX, Dollar drifts along into month-end whilst traditional havens lag; Aussie outperforms pre-RBA
  • Fed’s Bostic (2024 voter) suggested that a rate increase of 50bps is possible if inflation remains stubbornly...
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  • US stocks finished higher on Friday after they shrugged off an initial choppy start; Apple surged 7%
  • Asian stocks were mostly positive but with conditions thinned due to closures on Chinese New Year's Eve
  • US equities futures were marginally higher overnight but with gains contained heading into month-end
  • Fed’s Bostic (2024 voter) suggested that a rate increase of 50bps is possible if inflation remains stubbornly...
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  • European bourses have conformed to the downbeat APAC handover with losses in the region extending following the cash open, Euro Stoxx 50 -1.7%.
  • US futures are moving in tandem with European-peers; however, magnitudes are more contained as the ES is only modestly negative and NQ continues to cling onto positive territory following Apple earnings
  • Buck bull run continues as DXY takes out another July 2020 high; peers pressured across the board as such
  • Bonds back off as curves realign in wake of heavy...
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  • All major US indices were subdued with initial gains reversed as selling re-emerged into the NY afternoon
  • Asian stocks eventually traded mixed although China lagged ahead of holiday closures next week
  • US equities benefitted overnight as Apple shares rose 5% following its earnings beat
  • In FX, DXY held on to most its recent gains above 97.00, EUR/USD remained firmly beneath 1.1200, GBP/USD reclaimed 1.3400...
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  • Major bourses in Europe are nursing the post-Fed pressure with the complex now mixed.
  • US futures saw an initial recovery but have since dipped back into modest negative territory, though they remain off overnight troughs.
  • USD bid post-Fed with the DXY eyeing 97.00, to the detriment of peers across the board.
  • Debt is pressured but off-lows, while BTPs outperform as we await the 4th round of Italian voting.
  • WTI and Brent have trimmed APAC losses, while focus remains very much on geopolitics as...
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  • FOMC expects it will soon be appropriate to raise the target range with bond-buying to end in March
  • Fed Chair Powell did not rule out raising interest rates at every FOMC meeting
  • All major US indices finished lower and APAC equity markets sold off following the FOMC and hawkish Fed Chair Powell comments
  • European futures are indicative of a weaker open with the Eurostoxx 50 future lower by 2.4%
  • DXY printed YTD highs with G10 peers all softer against the greenback ahead of the...
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  • European bourses are firmer in an extension of yesterday's upside, with the Stoxx 600 +2.0% on the session but still lower on the week.
  • US futures are firmer across the board with the NQ, +2.0%, outpacing and benefitting from MSFT post earnings, +4.0% in pre-market.
  • Greenback stands firm awaiting something hawkish from the Fed; newsquawk preview
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  • All major US indices finished lower after attempts to recover earlier losses were reversed into the last hour of trade
  • APAC markets were subdued ahead of the FOMC and holiday-quietened conditions
  • European futures are indicative of a firmer open with the Eurostoxx 50 future higher by 0.6%
  • DXY traded sideways beneath 96.00. EUR/USD and GBP/USD hover around 1.13 and 1.35 respectively
  • Microsoft shares recouped initial post-earnings losses to trade higher by 1.2% after-hours
  • Looking...
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  • European bourses are firmer taking the lead from the resurgence in Wall St. trade that they failed to benefit from yesterday, Euro Stoxx 50 +0.7%.
  • Stateside, US futures are pressured with the NQ (-1.4%) the current underperformer after yesterday's turnaround and as yields climb.
  • DXY nudges further over 96.000 as hawkish FOMC expectations overshadow less supportive risk dynamics, safehavens and EUR underperform.
  • Core bonds make way for partial recovery in risk sentiment, with yields elevated as such...
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  • All major US indices finished higher after having recovered from heavy intraday selling in what was a roller-coaster session.
  • APAC markets were heavily pressured after yesterday's whirlwind session in the US. European futures point towards a firmer open.
  • DXY traded steadily and held on to most of the prior day's gains just shy of the 96.00 status
  • US Department of Defense spokesperson Kirby said 8,500 US personnel are ready to be activated to...
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  • All major US indices finished higher after having recovered from heavy intraday selling in what was a roller-coaster session.
  • APAC markets were heavily pressured after yesterday's whirlwind session in the US. European futures point towards a firmer open.
  • DXY traded steadily and held on to most of the prior day's gains just shy of the 96.00 status
  • US Department of Defense spokesperson Kirby said 8,500 US personnel are ready to be activated to...
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  • Europe Stoxx 600 -2.3% on the session, as sentiment continues to deteriorate following a softer open/APAC handover.
  • Pressure that has seen the NQ flip from the US outperformer to the underperformer, -0.5%.
  • Dollar firmer as longs pare back from overextended long base ahead of the Fed and GS flags risks of the FOMC hiking at each meeting this year kicking off in March.
  • Core debt climbs to new recovery highs amidst another downturn in risk appetite; BTPs in focus.
  • Crude benchmarks are softer...
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  • APAC markets were mostly lower after the worst weekly performance on Wall St since the start of the pandemic
  • US equity futures found some reprieve from Friday's losses; e-mini S&P +0.8%
  • DXY heads into the European open on a firmer footing ahead of this week's FOMC meeting
  • US Secretary of State Blinken warned a significant US response would be triggered if one more Russian force entered Ukraine in an aggressive...
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  • Major European bourses are pressured as the Wall St. rally faded and reverberated through APAC trade; although, the Stoxx 600 remains +0.5% on the week.
  • US futures have been lifting off overnight lows, though the NQ continues to lag post-Netflix.
  • Buck betwixt and between as USTs rebound, but risk aversion gathers momentum; antipodeans lag while Yuan outperforms post-PBoC SLFs.
  • WTI and Brent March contacts remain pressured by the broader risk tone, with focus on geopolitics as Blinken & Lavrov...
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