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  • APAC stocks followed suit to the losses in the US amid geopolitical concerns and hawkish-leaning Fed rhetoric.
  • Fed's Kashkari and Goolsbee noted that it is possible the Fed will not cut this year if inflation stalls.
  • European equity futures indicate a weaker open with the Euro Stoxx 50 future -1.3% after the cash market closed flat on Thursday.
  • DXY is a touch firmer, EUR/USD eased back from two weeks highs but remains on a 1.08 handle,...
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  • European bourses a touch firmer post-PMIs after a flat open, US futures tilting higher in tandem into IJC and Fed appearances
  • DXY softer and approaching 104.00, EUR inches higher post-PMIs, JPY stead, CHF lags
  • EGBs bid despite PMI pressure though off highs in somewhat limited newsflow, USTs flat
  • Base metals continue to climb with 3M LME Copper at a 52-week high, crude contained and XAU slightly softer
  • Looking ahead,...
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  • APAC stocks traded higher as sentiment picked up from the choppy mood and mixed data releases stateside.
  • Fed Chair Powell said if the economy evolves as the Fed expects, most on the FOMC expect to cut rates later this year.
  • European equity futures indicate a slightly positive open with the Euro Stoxx 50 future +0.1% after the cash market closed up 0.5% on Wednesday.
  • DXY has pulled back further from 105, antipodeans outperform, EUR/USD...
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  • European bourses are modestly firmer, US equity futures are in the red though with trade contained
  • Dollar is flat and G10 peers are incrementally softer
  • USTs are incrementally softer whilst Bunds are firmer after dovish-tilting speak from ultra-hawk Holzmann coupled with softer EZ-HICP metrics
  • Crude is incrementally firmer but within recent levels, XAU is off best
  • Looking ahead, US ADP, ISM Services, Australian PMI...
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  • APAC stocks followed suit to losses in the US where treasuries bear-steepened and oil prices ramped up.
  • Fed's Daly said there is no urgency to adjust the rate, Mester doesn't see the case for cutting at the next meeting.
  • European equity futures indicate a contained open with the Euro Stoxx 50 future flat after the cash market closed lower by 0.8% on Tuesday.
  • DXY remains on a 104 handle with FX markets overall steady, USD/JPY lingers...
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  • Equities are mixed, with clear outperformance in the Energy/Basic Resources names amid broader strength in the underlying commodity prices
  • Dollar is flat and holds around 105, AUD outperforms given the rally in metals prices
  • Bonds are mixed, USTs are flat and hold near post-ISM lows, whilst Bunds play catch up; a modest dovish reaction was seen following German state CPIs
  • Commodities are entirely in the green, Crude benefits from heightened...
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  • APAC stocks were mixed after the weak performance on Wall St where hot ISM Manufacturing PMI saw markets trim Fed rate cut bets.
  • European equity futures indicate a contained open with the Euro Stoxx 50 future little changed after the cash market closed flat on Thursday.
  • DXY sits on a 105 handle, EUR/USD slipped below 1.08, USD/JPY extended upside and Cable gave back the 1.26 handle.
  • Crude futures remained afloat after recently gaining...
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  • European bourses hold a positive bias whilst Stateside futures are subdued ahead of a busy docket
  • Dollar bid acting as a drag on G10 peers, Antipodeans lag
  • Bonds are lower in a continuation of post-Waller price action
  • Crude and XAU remains in the green despite the stronger Dollar as geopols remain in focus
  • Looking ahead, Highlights include US GDP (F), IJC, UoM Inflation Expectations (F), Japanese Tokyo CPI &...
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  • APAC stocks partially sustained the momentum from the late ramp-up on Wall St heading into quarter-end.
  • Fed's Waller said still no rush to cut rates and the Fed may need to maintain the current rate target for longer than expected.
  • European equity futures indicate a positive open with the Euro Stoxx 50 future +0.3% after the cash market closed up 0.4% on Wednesday.
  • DXY is contained on a 104 handle, EUR/USD is holding above 1.08 and...
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  • European bourses are mixed whilst Stateside futures are entirely in the green
  • Dollar is flat, JPY higher after a BoJ/MoF/FSA meeting which only resulted in further jawboning from Top Currency Diplomat Kanda
  • Bonds mixed though price action has been contained; Bunds rose incrementally on Spanish CPI, upside which proved fleeting
  • Crude is softer in a continuation of post-private inventory data action, XAU bid
  • Looking...
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  • APAC stocks traded mixed after the subdued handover from Wall St heading into quarter-end and Easter.
  • European equity futures indicate a slightly softer open with the Euro Stoxx 50 future -0.1% after the cash market closed up 0.4% on Tuesday.
  • DXY is a touch firmer on a 104 handle, USD/JPY printed a fresh 33yr high, FX markets are otherwise contained.
  • BoJ's Tamura said that based on the current economic and price outlook, the BoJ is likely to...
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  • European bourses are mixed though have been edging higher, taking impetus from strength in US equity futures
  • Dollar is weaker, NZD benefits from a softer AUD/NZD cross
  • Bonds incrementally firmer and Gilts outperform after BoE’s Mann
  • Crude is modestly softer, XAU higher and near session highs
  • Looking ahead, US Durable Goods, Philly Fed Non-manufacturing Business Outlook, Richmond Fed Survey, BoC’s Rogers and ECB’s...
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  • APAC stocks were choppy after a similarly subdued handover from Wall St.
  • European equity futures indicate a contained open with the Euro Stoxx 50 future flat after the cash market closed up 0.3% on Monday.
  • FX markets are steady, DXY holds above 104, PBoC delivered another firmer-than-expected CNY fix.
  • Crude is flat but holding onto recent gains, Bunds attempted to recoup recently lost ground.
  • Looking ahead,...
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  • Equities mostly and modestly lower, following on from a downbeat session in China/Japan overnight
  • Dollar is flat, Antipodeans modestly firmer benefitting from a stronger Yuan
  • Bonds are incrementally softer ahead of a 2yr US auction
  • Crude is firmer, whilst base metals are entirely in the red hampered by poor Chinese price action overnight
  • Looking ahead, Comments from ECB’s Lagarde, Fed’s Bostic, Goolsbee, Cook &...
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  • APAC stocks traded mixed amid a lack of major macro drivers heading into month-end and a slew of data releases.
  • Fed’s Bostic (voter) adjusted his projection to one rate cut this year and at a later start vs. previous view of two cuts.
  • European equity futures indicate a flat open with the Euro Stoxx 50 future unchanged after the cash market closed down 0.4% on Friday.
  • DXY is a touch softer, EUR/USD found support at 1.08, Cable is back on a...
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  • Equities are modestly firmer; European sports retailers are hit post-Nike earnings
  • Dollar bid, largely a factor of broader G10 weakness, Antipodeans underperform following the glum mood in China overnight
  • Bonds continue their dovish price action, and little changed following positive German Ifo
  • Crude is modestly softer and base metals are entirely in the red, dragged down by Dollar strength
  • Looking ahead, Canadian...
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  • APAC stocks were ultimately mixed after momentum from the fresh record highs on Wall Street waned, Hang Seng and Shanghai Comp. suffered.
  • DXY extends on gains above 104.00 after recent firm US data and pressure in Asia-Pac counterparts, USD/JPY traded indecisively.
  • The latest Japanese CPI data was mostly softer-than-expected but the Core reading matched estimates at a four-month high.
  • BoE Governor Bailey said rate cuts were in play at future...
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  • Equities firmer in a continuation of the post-Fed rally; European bourses off best after EZ PMIs
  • Dollar stronger, AUD bid post-jobs data and CHF lower after SNB cut rates by 25bps
  • Bonds higher taking impetus from the poor French PMI and dire accompanying German commentary
  • Crude pares initial gains, base metals benefit from risk sentiment
  • Looking ahead, US IJC, Fed's Barr, Supply from the US, Earnings from FedEx,...
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  • Fed kept rates unchanged and reaffirmed its 2024 three rate cuts projection, 2025 and 2026 FFR forecast raised.
  • Powell noted that January/February CPI and PCE data was quite high, but there are reasons to believe there were seasonal factors at play.
  • APAC stocks were mostly underpinned after the fresh record levels on Wall St post-"dovish" FOMC.
  • European equity futures indicate a higher open with the Euro Stoxx 50 future +1.2% after the cash...
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  • European equities are mostly lower, with the CAC 40 dragged down by Luxury names after Kering issued a profit warning; US equity futures modestly softer
  • DXY firmer, taking impetus from the weaker Yen; USD/JPY above 151.70
  • Bonds hold a bullish bias following softer UK CPI, as attention turns to the FOMC
  • Crude and base metals are softer owing to the firmer Dollar and tentative risk tone
  • Looking ahead, Australian PMIs,...
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  • APAC stocks traded cautiously and mostly rangebound ahead of the FOMC and with Japanese markets closed.
  • European equity futures indicate a lower open with the Euro Stoxx 50 future -0.4% after the cash market closed up 0.5% on Tuesday.
  • In the luxury sector, Kering has warned of a 20% plunge in Q1 Gucci sales.
  • DXY is contained below the 104 mark, JPY lags with USD/JPY above 151.50, GBP eyes UK CPI metrics.
  • Looking...
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  • European bourses are mixed; US equity futures are lower, RTY underperforms
  • BoJ carried out a widely telegraphed and dovish exit from NIRP, YCC and ETF/J-REIT buying; RBA U/C, dovish tweak to guidance
  • Dollar is firmer and trades around 104.00, JPY underperforms post-BoJ, AUD pressured post-RBA
  • Bonds incrementally firmer as attention turns to US 20yr supply
  • Crude and XAU are modesty softer, weighed on by the stronger...
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  • APAC stocks traded mixed as markets digested the first of this week's central bank announcements.
  • BoJ carried out a widely telegraphed and dovish exit from NIRP, YCC and ETF/J-REIT buying.
  • RBA kept rates unchanged whilst providing a dovish tweak to its guidance on rates.
  • JPY and AUD lag peers post-rate decisions with USD/JPY back on a 150 handle.
  • European equity futures indicate a slightly lower open with the Euro...
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  • Equities are in the green amid a constructive risk tone; Nvidia gains pre-market ahead of its GTC
  • Dollar is flat, JPY is modestly softer and back on a 149 handle ahead of BoJ on Tuesday
  • Bonds are incrementally weaker, though with price action contained
  • Crude is firmer following constructive Chinese activity data and heightening geopolitical tensions
  • Looking ahead, comments from Nvidia CEO...
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  • APAC stocks were somewhat mixed as participants brace for this week's busy slate of central bank announcements.
  • China released better-than-expected Industrial Production and Retail Sales data.
  • European equity futures indicate a positive open with the Euro Stoxx 50 future +0.2% after the cash market closed down 0.1% on Friday.
  • DXY sits in a tight range below 103.50 with other FX majors contained. USD/JPY edged marginally above...
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