19 Oct 2021, 11:40 by Newsquawk Desk
- European bourses/US futures are firmer though the upside is marginal amid minimal fresh macro impulses; ES +0.4%
- The DXY remains subdued and sub-94.00, whilst antipodeans lead in the G10 space
- Core debt is contained and the US yield curve is slightly steeper ahead of Central Bank speak and Wednesday's issuance
- Looking ahead, highlights include US Building Permits & Housing Starts, ECB's Elderson, Panetta, Lane, BoE's Bailey, Mann, Pill,...
19 Oct 2021, 06:54 by Newsquawk Desk
- Asian equity markets were kept afloat with the region encouraged after the mostly positive lead from the US
- Big tech gained including Apple which, benefitted following its hardware event
- The DXY remains on a softer footing and sub-94.00, whilst antipodeans lead in the G10 space
- Looking ahead, highlights include US Building Permits & Housing Starts, ECB's Elderson, Panetta, Lane, BoE's Bailey, Fed's Harker, Daly, Bostic,...
18 Oct 2021, 11:42 by Newsquawk Desk
- European bourses/US futures are softer in-line with the APAC handover; ES -0.4%
- Asia-Pac stocks traded cautiously after disappointing Chinese GDP and Industrial Production data
- Inflationary concerns lingered amid a continued rally in oil prices and with New Zealand CPI at a decade high
- BoE Governor Bailey cautioned that the MPC will have to act to contain inflation and GS now looks for a November hike, ~70% market pricing for...
18 Oct 2021, 06:54 by Newsquawk Desk
- Asia-Pac stocks traded cautiously after disappointing Chinese GDP and Industrial Production data
- Inflationary concerns lingered amid a continued rally in oil prices and with New Zealand CPI at a decade high
- BoE Governor Bailey cautioned that the MPC will have to act to contain inflation
- In FX, the DXY heads into the European session firmer and north of 94.00
- Looking ahead, highlights include US Industrial Production,...
15 Oct 2021, 11:45 by Newsquawk Desk
- European bourses are firmer but off best levels; US equity futures see broad-based gains
- In FX, the DXY is subdued below 94.00, with JPY lagging and USD/JPY firmly above 114.00
- PBoC says risks to the financial system from Evergrande are controllable and separately that China's inflation is under control
- US State Department spokesperson said they are "engaged in diplomacy" with OPEC+ members regarding output
- Bitcoin...
15 Oct 2021, 06:54 by Newsquawk Desk
- Asia-Pac stocks traded higher amid tailwinds from the upbeat mood across global peers; US equity futures drifted higher overnight
- In FX, the DXY was subdued below 94.00; Kiwi outperformed while USD/JPY topped 114.00
- UK government spokesperson said there is “still a substantial gap” between the UK and the EU on the Northern Ireland Protocol
- US State Department spokesperson said they are "engaged in diplomacy" with OPEC+ members regarding...
14 Oct 2021, 11:48 by Newsquawk Desk
- European bourses are US futures are upbeat continuing the constructive APAC performance; ES +0.7%
- China saw mixed inflation numbers; CPI printed below estimates but PPI topped forecasts for a record increase in factory gate prices
- DXY has been under pressure and sub-94.00 throughout the morning while core debt grinds higher but Gilts lag
- The EU is reportedly mulling a move that would restrict the European Court of Justice (ECJ) from policing...
14 Oct 2021, 06:54 by Newsquawk Desk
- A constructive mood was seen across Asia-Pac stocks; US equity futures marginally gained overnight
- The FOMC meeting minutes laid out the potential announcement timing and parameters of the QE tapering
- China saw mixed inflation numbers; CPI printed below estimates but PPI topped forecasts for a record increase in factory gate prices
- The EU is reportedly mulling a move that would restrict the European Court of Justice (ECJ) from policing the...
13 Oct 2021, 11:57 by Newsquawk Desk
- The mood across European stocks has improved from the subdued cash open (Euro Stoxx 50 +0.5%; Stoxx 600 +0.3%)
- US equity futures have also nursed earlier losses and trade in modest positive territory across the board, with the NQ narrowly outperforming
- Apple is reportedly set to slash iPhone production due to the chip crunch
- Chinese trade data saw exports top estimates but imports disappointed
- Looking ahead,...
13 Oct 2021, 06:55 by Newsquawk Desk
- Asia-Pac stocks were mixed following the choppy performance stateside with sentiment also hampered by an update from Apple
- Apple is reportedly set to slash iPhone production due to the chip crunch
- Chinese trade data saw exports top estimates but imports disappointed
- Hong Kong markets were kept shut amid a typhoon warning
- The DXY heads into the European open on the backfoot, GBP leads in the G10 space after reclaiming...
12 Oct 2021, 11:51 by Newsquawk Desk
- European bourses kicked the day off softer but have since drifted higher; US equity futures nursed earlier losses
- In FX, DXY is off overnight lows, USD/JPY tested 113.00 to the downside, USD/TRY extended above 9.00
- EU antitrust regulators is reportedly likely to open an investigation into Nvidia's (NVDA) USD 54bln bid from Arm
- Chip supply shortage eased in China in September; chip supply is expected to improve in...
11 Oct 2021, 11:42 by Newsquawk Desk
- Bourses in Europe are mostly but modestly lower (ex-FTSE 100); US equity futures see broad-based losses of 0.3-0.4%
- In FX, DXY is firmer after wiping out earlier losses, USD/JPY tested 113.00, EUR/USD approaches 1.1550, and AUD outperforms
- Chinese Vice Premier Liu He exchanged views with USTR Tai on the trade agreement during a virtual discussion on Saturday
- BoE’s Saunders stated that an increase in interest rates could come “significantly...
11 Oct 2021, 06:55 by Newsquawk Desk
- Asia-Pac stocks traded mostly positive after shrugging off the weak post-NFP US lead
- Chinese Vice Premier Liu He exchanged views with USTR Tai on the trade agreement during a virtual discussion on Saturday
- In FX, the DXY maintains 94.00 status, EUR/USD sits on a 1.15 handle and GBP is firmer post-hawkish BoE remarks
- BoE’s Saunders stated that an increase in interest rates could come “significantly earlier” than previously...
08 Oct 2021, 11:43 by Newsquawk Desk
- Marginally positive European equity open fizzled out as we await fresh catalysts pre-NFP but oil remains upbeat
- DXY remains above 94.00 but has come under modest pressure though safe-havens continue to lag and core debt remains downbeat
- Mainland China was bolstered on its return from Golden week; China's Caixin Services PMI topped forecasts
- US Senate voted 50-48 to pass the debt limit bill which sends it to the House, while House Majority...
08 Oct 2021, 06:55 by Newsquawk Desk
- APAC bourses were mostly higher on the broader upbeat-tone; Mainland China was bolstered on its return from Golden week
- China's Caixin Services PMI beat expectations and the Composite measure climbed into expansionary territory
- In FX, the DXY remains above 94.00 and safe-havens lag, while USTs are modestly subdued heading into NFP
- US National Security Adviser Sullivan said talks with China's Yang Jiechi were productive and noted there were...
07 Oct 2021, 11:57 by Newsquawk Desk
- Equities and US equity futures remain buoyed and in relatively contained ranges as we await tomorrow's NFP and the return of China; ES +0.7%
- Holders of Evergrande-linked Jumbo Fortune bonds are reportedly yet to receive payment, holders next step would be to request payment from Evergrande
- DXY remains above 94.00 but has given up gains with peers deriving some marginal benefit
- Core debt has been dictated by Central Bank speak with BoE...
07 Oct 2021, 06:52 by Newsquawk Desk
- Asia-Pac stocks traded in the green; Hang Seng outperformed while Mainland China observed the last day of Golden Week
- In FX, the DXY was steady above 94.00, EUR/USD hovered around 1.1550, Antipodeans outperformed
- US and China have an agreement in principle for a Biden-Xi virtual meeting before the end of the year
- US Senate Minority Leader McConnell offered a short-term debt ceiling extension to December
- ECB is to...
06 Oct 2021, 11:35 by Newsquawk Desk
- Equities are pressured with sentiment firmly risk-off after the positive US handover fizzled out in APAC hours; ES -1.3%, Euro Stoxx 50 -2.2%
- In FX, the DXY has continued to make ground with the YTD peak of 93.504 in-sight, while debt is subdued but off lows as some safe-haven premium emerges
- Global Times writes, citing analysts, that a possible summit between President's Biden and Xi may be on the Zurich meeting agenda
- US President Biden...
06 Oct 2021, 06:54 by Newsquawk Desk
- Asia-Pac bourses traded mostly lower after failing to sustain the initial momentum from Wall St
- Major US indices closed higher as buyers returned to tech and the higher yield environment provided support for financials
- The White House commented that President Biden has confidence in Fed Chair Powell "at this time"
- In FX, the DXY marginally extended above 94.00, EUR/USD sits sub-1.16, NZD lags after RBNZ support proved to be...
05 Oct 2021, 11:42 by Newsquawk Desk
- European bourses are firmer shrugging off the APAC handover while US futures post gains of a smaller magnitude; ES +0.3%
- President Biden reportedly stated to progressives that the spending package needs to be between USD 1.9tln-2.2tln
- In FX, the DXY remains near 94.00 with havens lagging as sentiment recovers while core debt diverges but remains contained
- RBA kept policy settings unchanged and reiterated its dovish guidance that suggests no...
05 Oct 2021, 06:54 by Newsquawk Desk
- Asia-Pac stocks were pressured following the tech sell-off in the US and several headwinds for global markets
- President Biden reportedly stated to progressives that the spending package needs to be between USD 1.9tln-2.2tln
- In FX, the DXY hovers around the 94.00 mark, EUR/USD and GBP/USD eye 1.16 and 1.36 respectively
- RBA kept policy settings unchanged and reiterated its dovish guidance that suggests no rate hike until 2024 at the...
04 Oct 2021, 11:49 by Newsquawk Desk
- Major bourses in Europe have adopted somewhat of a mixed picture following on from the broad-based downbeat cash open
- In FX, the DXY briefly dipped below 94.000, EUR/USD and USD/JPY were choppy around 1.1600 and 111.00 respectively
- A total of 39 Chinese military jets flew into Taiwan’s air defence zone on Saturday followed by another 16 on Sunday
- US House progressives are reportedly willing to compromise on the USD 3.5tln amount with limits...
04 Oct 2021, 06:54 by Newsquawk Desk
- Asian equity markets traded mixed amid the ongoing Evergrande default concerns; mainland China was away
- In FX, the DXY briefly dipped below 94.000, EUR/USD and USD/JPY were choppy around 1.1600 and 111.00 respectively
- A total of 39 Chinese military jets flew into Taiwan’s air defence zone on Saturday followed by another 16 on Sunday
- US House progressives are reportedly willing to compromise on the USD 3.5tln amount with limits but rejected...
01 Oct 2021, 12:10 by Newsquawk Desk
- Bourses in Europe kicked off the first trading day of Q4 on the back foot, although the selling has somewhat stabilised
- US equity futures have also succumbed to the risk aversion; Chinese markets commenced the Golden Week holiday
- In FX, the DXY maintains 94.00 status, EUR/USD trades sub-1.16 and GBP/USD attempts to reclaw losses
- The House refrained from voting on the USD 1tln bipartisan infrastructure framework on Thursday...
01 Oct 2021, 06:55 by Newsquawk Desk
- Asia-Pac stocks began Q4 on the backfoot following the negative handover from Wall St.
- The S&P 500 closed the month and quarter out with its worst performance since the start of the pandemic
- In FX, the DXY maintains 94.00 status, EUR/USD trades sub-1.16 and GBP/USD remains pressured
- Congress passed the stopgap funding bill to avert a government shutdown
- The House refrained from voting on the USD 1tln bipartisan...