08 Feb 2024, 11:15 by Newsquawk Desk
- European equities are firmer, with outperformance in the AEX; US equity futures meander around the unchanged mark, though the RTY continues to underperform
- Dollar is flat and pivots 104.00, JPY is softer after BoJ speak; Chinese CPI softer than expected
- Bonds are modestly weaker with specifics light into a US 30yr auction
- Crude is firmer in what has been a choppy session for the complex; XAU edging higher, albeit with gains...
08 Feb 2024, 06:35 by Newsquawk Desk
- APAC stocks were ultimately mixed after the fresh record levels on Wall St where the S&P 500 touched just shy of the 5k level
- Participants also digested recent earnings releases and soft Chinese inflation data ahead of the Lunar New Year holiday
- RBI kept the Repurchase Rate unchanged at 6.50%, as expected and maintained its stance of remaining focused on the withdrawal of accommodation
- European equity futures indicate a slightly higher...
07 Feb 2024, 11:10 by Newsquawk Desk
- European equities are mixed whilst US futures meander around the unchanged mark; the Russell underperforms as Moody’s downgrades NYCB’s rating
- Dollar is flat and holds just above 104.00, GBP the G10 outperformer
- Bonds are divergent, though the overall trend is bearish ahead of US supply
- Crude benchmarks are firmer and XAU holds around flat alongside base metals as we await updates on the ceasefire proposal
- Looking...
07 Feb 2024, 06:35 by Newsquawk Desk
- APAC stocks were mostly positive after a decline in global yields and further Chinese support efforts; Hang Seng and Shanghai Comp were mixed despite early momentum.
- Moody's downgraded New York Community Bancorp's (NYCB) long-term issuer rating to junk status of Ba2 and said most ratings remain on review for a further downgrade.
- Fed's Mester (voter) said the Fed can lower rates later this year if the economy performs as expected and when the Fed cuts rates, it will...
06 Feb 2024, 11:19 by Newsquawk Desk
- European equities are mixed with outperformance in the FTSE 100, post-BP earning; US equity futures in-fitting, NQ bid
- Dollar is marginally firmer and AUD the G10 outperformer following a “hawkish hold” at the RBA
- Bonds modestly firmer, though have been edging lower throughout the European morning
- Crude and XAU hold around the unchanged mark; base metals are propped up on Chinese stabilisation efforts
- Looking ahead,...
06 Feb 2024, 06:33 by Newsquawk Desk
- APAC stocks were somewhat mixed as Chinese market stabilisation efforts offset the early headwinds from Wall Street.
- Fed SLOOS (Q4) noted that tighter standards and weaker demand were reported.
- RBA kept rates unchanged at 4.35% as expected, while it reiterated that a further increase in interest rates cannot be ruled out.
- European equity futures indicate a higher open with Euro Stoxx 50 future +0.4% after the cash market closed flat on...
05 Feb 2024, 11:13 by Newsquawk Desk
- European equities are mixed, with clear outperformance in the FTSE MIB, propped up by UniCredit (+8.7%) post-earnings; US equity futures are modestly softer, though the RTY underperforms
- Dollar is firmer continuing Friday’s advances, which has been leading the EUR towards December lows.
- Bonds are softer post-NFP and Chair Powell’s weekend commentary as attention turns to US ISM & other Fed speak
- Crude futures are pressured by the firmer...
05 Feb 2024, 06:40 by Newsquawk Desk
- APAC stocks were mostly subdued after last Friday's red-hot jobs report; Chinese regulators pledged to stabilise the market.
- Fed Chair Powell repeated his expectation that the March meeting is likely too soon to have confidence to start rate cuts.
- European equity futures indicate a contained open with Euro Stoxx 50 future flat after the cash market closed up 0.3% on Friday.
- DXY is contained around the 104 mark, EUR/USD is sub 1.08, USD/JPY...
02 Feb 2024, 11:15 by Newsquawk Desk
- European equities are firmer taking impetus from gains on Wall Street; US equity futures are in the green, outperformance in the NQ post-earnings from Amazon (+6%) and Meta (+16.7%).
- Dollar is around flat awaiting impetus from US NFP; Aussie outperforms recouping the prior day’s downside.
- Bonds are softer giving back recent advances as attention turns to key US data
- Crude is firmer and finds some reprieve after hefty losses in the prior...
02 Feb 2024, 06:37 by Newsquawk Desk
- APAC stocks mostly took impetus from the gains on Wall St where stocks were underpinned amid a softer yield environment.
- US equity futures were boosted after-hours following the big tech earnings (META +15%, AMZN +7%, AAPL -3%).
- European equity futures indicate a higher open with Euro Stoxx 50 future +0.8% after the cash market closed down 0.2% on Thursday.
- DXY sits around the 103 mark, AUD is attempting to recoup lost ground,...
01 Feb 2024, 11:22 by Newsquawk Desk
- European equities are mixed, whilst US equity futures are firmer to varying degrees
- Dollar is marginally bid though off post-Powell highs; Aussie lags after weak building approvals data
- Bonds are mixed; USTs modestly higher whilst Bunds pare yesterday’s dovish data
- Crude is in the green pre-JMMC whilst base metals are lower across the board, in-fitting with the broader risk tone
- Looking ahead, US IJC & ISM...
01 Feb 2024, 06:35 by Newsquawk Desk
- The Fed kept rates unchanged and removed the reference to possible additional rate hikes but also downplayed near-term cuts.
- APAC stocks were mixed after the losses on Wall St owing to banking sector fears and Fed Chair Powell's pushback against a March rate cut.
- Chinese Caixin Manufacturing PMI data topped forecasts, China's Finance Ministry said it will implement structural tax cuts in 2024.
- European equity futures indicate a steady...
31 Jan 2024, 11:10 by Newsquawk Desk
- European bourses are lower with underperformance in the SMI post-Novartis earnings; US equity futures are mixed, though with clear underperformance in the NQ after MSFT, AMD & GOOG earnings
- Dollar continues its contained trade, AUD underperforms amid softer CPI data
- Bonds modestly firmer; Bunds off best levels post-German data
- Crude is weaker amid the downbeat risk tone; XAU in a holding pattern awaiting impetus from the...
31 Jan 2024, 06:35 by Newsquawk Desk
- APAC stocks were mostly subdued amid a deluge of earnings releases and key data releases at month-end.
- Alphabet (GOOG) slumped 5.8% after advertising revenue missed, while Microsoft (MSFT) fell by 0.3% after Q3 More Personal Computing was guided below forecasts.
- Hang Seng and Shanghai Comp underperformed following the latest Chinese PMI data in which Manufacturing PMI remained in contraction territory for a 4th consecutive...
30 Jan 2024, 11:20 by Newsquawk Desk
- European equities are generally firmer, whilst US equity futures meander around the unchanged mark ahead of key earnings
- Dollar is around flat whilst the Pound lags with specifics light
- Bonds are firmer, though Bunds have been edging lower following hawkish EZ data
- Crude benchmarks are marginally firmer alongside Gold, awaiting geopolitical updates
- Looking ahead, US JOLTs, Consumer Confidence, Japanese Retail Sales,...
30 Jan 2024, 06:35 by Newsquawk Desk
- APAC stocks traded mixed as weakness in China offset the momentum from Wall St's record highs.
- US Treasury expects to borrow USD 760bln in net marketable debt for the January-March period which is down USD 55bln from the October 2023 estimate.
- European equity futures indicate a higher open with Euro Stoxx 50 future +0.4% after the cash market closed up 0.1% on Monday.
- DXY is contained and continued to pivot around 103.50, EUR/USD remains on...
29 Jan 2024, 11:20 by Newsquawk Desk
- European bourses are trading on a mixed footing and lack clear direction; US equity futures follow suit ahead of a busy week of risk events
- Dollar continues to firm, EUR a touch softer and Antipodeans bid despite a flimsy risk tone
- Bonds are bid amid dovish ECB speak as attention turns to US Treasury Financing Estimates
- Crude is modestly firmer as geopols remain in focus; US said three troops were killed by an Iran-linked drone attack near...
29 Jan 2024, 06:40 by Newsquawk Desk
- APAC stocks began the week mostly on the front foot, albeit with some of the gains capped by heightened geopolitical tensions and Chinese property sector concerns.
- Three US troops were killed and dozens were injured from an aerial drone attack on US forces in northeastern Jordan near the Syrian border; US says attack linked to Iran.
- European equity futures indicate a lower open with Euro Stoxx 50 future -0.2% after the cash market closed up 1.2% on...
26 Jan 2024, 11:10 by Newsquawk Desk
- European bourses are firmer, with significant outperformance in the CAC40 lifted by the Luxury sector, post-LVMH earnings
- Dollar is around flat, EUR modestly firmer with price action contained ahead of US PCE
- Bonds are modestly firmer and in proximity to yesterday’s highs
- Crude benchmarks are pulling back marginally; base metals are a touch softer with specifics light
- Looking ahead, US PCE, Earnings from American...
26 Jan 2024, 06:36 by Newsquawk Desk
- APAC stocks failed to sustain the broad positive momentum from Wall St with the region mostly lower in quietened conditions and amid a lack of fresh drivers.
- Tokyo inflation data showed the slowest pace of core inflation in Japan's capital area since March 2022.
- FX markets are contained with the DXY sitting just above the 103.50 mark, USD/JPY was indecisive post-Tokyo CPI.
- European equity futures indicate a flat open with Euro Stoxx 50...
25 Jan 2024, 11:15 by Newsquawk Desk
- European bourses are generally weaker, with the exception of the AEX which benefits from ASML; US equity futures are mixed, with the RTY outperforming
- Tesla (-7.9%) is significantly lower in the pre-market after its results missed, noting that 2024 vehicle growth will be lower than the prior year.
- Dollar is marginally weaker, EUR flat and JPY marginally weaker
- Bonds hold a bearish tone following yesterday's hot data and disappointing US 5yr...
25 Jan 2024, 06:35 by Newsquawk Desk
- APAC stocks were mostly positive but with gains capped as markets digested a slew of earnings releases and the recent upside in global yields.
- European equity futures are indicative of a softer open with Euro Stoxx 50 future -0.1% after the cash market closed up 2.2% on Wednesday.
- DXY is back on a 103 handle, EUR/USD failed to sustain 1.09 status, USD/JPY has moved closer to 148.
- Tesla Inc (TSLA) Q4 2023 (USD): Adj. EPS 0.71 (exp. 0.74),...
24 Jan 2024, 11:15 by Newsquawk Desk
- European equities are on a very strong footing following Chinese RRR cuts, with Tech also doing much of the hefty lifting; US equity futures are firmer, with NQ outperforming
- NFLX +9.7% pre-market; SAP & ASML firmer, post-earnings
- Dollar is weaker, EUR and GBP firmer post PMI data and Yen continues prior day’s strength
- Bonds bid after softer German PMI data, Gilts turn negative after its own firmer...
24 Jan 2024, 06:33 by Newsquawk Desk
- APAC stocks traded mixed following a similar lead from the US with participants digesting earnings, recent hawkish BoJ comments and Chinese support pledges.
- Netflix Inc (NFLX) Q4 2023 (USD): EPS 2.11 (exp. 2.22), Revenue 8.83bln (exp. 8.71bln), Streaming paid net change +13.12mln (exp. +8.91mln); Co. shares +8.7% after-hours.
- European equity futures are indicative of a higher open with Euro Stoxx 50 future +0.8% after the cash market closed down 0.3% on...
23 Jan 2024, 11:08 by Newsquawk Desk
- European equities are weaker despite starting the session on a firmer footing; US equity futures oscillate the unchanged mark, though the RTY outperforms
- Dollar is softer largely as a function of a firmer JPY after BoJ Ueda’s hawkish-leaning press conference
- Bonds are softer, in tandem with JGB price action; US supply later today
- Crude is softer, giving back the prior day’s advances; Base metals are entirely in the green, benefitting from...