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...
23 Jan 2024, 06:32 by Newsquawk Desk
- APAC stocks mostly gained after the fresh record levels on Wall St, while the region also digested the BoJ and reports of a potential Chinese equity market rescue package.
- China is said to consider an equity market rescue package backed by USD 278bln, according to Bloomberg sources.
- BoJ kept its policy settings unchanged as expected and made no change to its forward guidance.
- European equity futures are indicative of a contained open with...
22 Jan 2024, 11:10 by Newsquawk Desk
- European bourses are firmer but within contained ranges, in the absence of any pertinent catalysts; US equity futures are modestly firmer, NQ outperforms as Tech continues to gain
- Dollar trades around flat, G10’s generally rangebound in light of a quiet start to a busy week
- Bonds lift, albeit incrementally, as attention turns to key central bank events starting from tomorrow
- Crude is marginally firmer as geopolitical themes remain in focus;...
22 Jan 2024, 06:35 by Newsquawk Desk
- APAC stocks were mixed following a catalyst-light weekend and as weakness in Chinese stocks clouded over the early momentum from last week's record levels on Wall Street.
- Fed's Daly (2024 voter) said on Friday there is a lot of work left to do on inflation, adding it is premature to think rate cuts are around the corner.
- European equity futures are indicative of a higher open with Euro Stoxx 50 future +0.8% after the cash market closed down 0.1% on...
19 Jan 2024, 11:15 by Newsquawk Desk
- European bourses and US futures are modestly firmer across the board; the NQ leads the gains as Tech continues yesterday’s strength.
- The Dollar is flat whilst GBP marginally underperforms following soft UK Retail Sales data, AUD is bid on firmer base metals and a positive risk tone.
- Treasuries and Bunds are contained whilst Gilts outperform following UK data.
- Crude continues to build on the prior day’s strength with a lack of pertinent...
19 Jan 2024, 06:38 by Newsquawk Desk
- APAC stocks mostly took impetus from the tech-led advances on Wall St.
- US Congress passed the stopgap funding bill to avert a government shutdown.
- European equity futures are indicative of a higher open with Euro Stoxx 50 future +0.4% after the cash market closed up 1.1% on Thursday.
- DXY is steady below 103.50, EUR/USD eyes 1.09, JPY has lost further ground vs. the USD.
- Japanese inflation mostly matched...
18 Jan 2024, 11:00 by Newsquawk Desk
- European bourses are mixed, with clear outperformance in the CAC 40 as Richemont earnings lift the luxury sector; US equity futures trade in tandem, with NQ leading amid tailwinds from TSMC earnings.
- Dollar is flat with a slight negative bias, Antipodeans are bid in-fitting with risk tone, and JPY trims some of yesterday's losses.
- Bonds contained in catalyst-thin trade; Treasuries grind higher attempting to pare US Retail Sales low, Bunds underperform amid the...
18 Jan 2024, 06:36 by Newsquawk Desk
- APAC stocks traded mixed with the region mostly negative after the unwinding of central bank rate cut pricing.
- European equity futures are indicative of a contained open with Euro Stoxx 50 future flat after the cash market closed down 1.0% on Wednesday.
- DXY is a touch softer vs. peers, EUR/USD eyes 1.09, USD/JPY failed to hold above 148.
- Crude futures marginally extended on the prior day's rebound amid geopolitical risks, Bunds languish near...
17 Jan 2024, 11:10 by Newsquawk Desk
- European bourses and US futures are entirely in the red owing to a soured risk tone and mixed Chinese data overnight
- Dollar is firmer, Pound is bid following hotter-than-expected UK CPI and Antipodeans lag
- Bonds weaker amid hawkish central bank speak and hot UK CPI; Fed speak & Retail Sales due
- Crude sinks due to a firmer Dollar & mixed Chinese data; XAU is weaker though losses are cushioned amid haven flows, base metals entirely in...
17 Jan 2024, 06:35 by Newsquawk Desk
- APAC stocks were mostly pressured after the recent upside in yields, while participants also digested mixed Chinese GDP and activity data.
- Chinese GDP YY (Q4) 5.2% vs. Exp. 5.3% (Prev. 4.9%), IP YY (Dec) 6.8% vs. Exp. 6.6% (Prev. 6.6%), Retail Sales YY (Dec) 7.4% vs. Exp. 8.0% (Prev. 10.1%).
- European equity futures are indicative of a lower open with Euro Stoxx 50 future -0.9% after the cash market closed down 0.2% on Tuesday.
- DXY hovers...
16 Jan 2024, 11:24 by Newsquawk Desk
- European bourses are weaker following a negative handover from APAC trade, with US futures also pressured amid yield upside & into earnings
- Dollar is firmer and Antipodeans are lower amid the risk-averse mood; GBP weighed by Dollar strength and softer UK wage metrics
- Bonds mixed, with Treasuries pressured as markets react to hawkish ECB speak; Gilts eventually firm post dovish data
- Crude continues to gain despite Dollar strength amid...
16 Jan 2024, 06:35 by Newsquawk Desk
- APAC stocks were pressured in the absence of a lead from Wall Street and amid the upside in yields.
- European equity futures are indicative of a lower open with Euro Stoxx 50 future -0.6% after the cash market closed lower down 0.6% on Monday.
- Risk-aversion has provided the USD with a bid as DXY eyes 103, USD/JPY is back on a 146 handle, antipodeans lag.
- Bund futures languished at the prior day's lows after ECB officials suggested it is too...
15 Jan 2024, 06:35 by Newsquawk Desk
- APAC stocks were mostly rangebound after the lack of significant incremental catalysts over the weekend.
- Taiwan ruling DPP’s William Lai won the presidential election with around 40% of votes, although the party did not win a parliamentary majority.
- Fed’s Bostic (voter) warned that US progress on inflation is likely to slow and believes rates need to stay on hold until at least summer, via FT.
- US congressional leaders have reached an...
12 Jan 2024, 11:29 by Newsquawk Desk
- European equities are markedly firmer with sectoral performance led by geopolitical tensions and a negative Burberry update; US mixed into bank earnings
- US & UK conducted a joint strike against Houthi targets in Yemen, which has led to marked upside in Crude; Brent back above USD 80/bbl
- Dollar is marginally firmer awaiting US PPI, Antipodeans firmer in-fitting with the risk tone
- Treasuries are unchanged whilst EGBs are modestly firmer...
12 Jan 2024, 06:35 by Newsquawk Desk
- APAC stocks traded mixed with the major indices mostly rangebound alongside geopolitical concerns and Chinese data.
- US and UK conducted a joint strike against Houthi targets in Yemen.
- Chinese trade data either improved or topped forecasts, while inflation figures were mixed but ultimately deflationary on a Y/Y basis.
- European equity futures are indicative of a higher open with Euro Stoxx 50 future +0.7% after the cash market closed lower by...
11 Jan 2024, 11:25 by Newsquawk Desk
- Equities are firmer, though have been dipping lower as attention turns to US CPI and geopolitics intensify
- Oil tanker (St. Nikolas) has reportedly been boarded by Iranians in the Gulf of Oman; prompting crude upside and denting risk appetite somewhat
- Dollar is flat and Yen falls back below the 145.50 level; Kiwi outperforms benefitting from AUD/NZD cross
- Bonds bid though within ranges, benchmarks seemingly capped by energy upside ahead of US...
11 Jan 2024, 06:35 by Newsquawk Desk
- APAC stocks followed suit to the gains stateside despite the lack of major catalysts as markets await US CPI.
- Fed's Williams says more work is needed to bring inflation back to target; can cut rates when confident inflation is moving to 2%.
- European equity futures are indicative of a higher open with Euro Stoxx 50 futures +0.6% after the cash market closed flat yesterday.
- Bitcoin retreated from resistance near USD 47,000 and failed to...
10 Jan 2024, 11:25 by Newsquawk Desk
- European equities and US futures are mixed, having spent much of the early session in the green; the FTSE 100 (-0.4%) is weighed on by losses in Sainsbury’s
- Dollar is softer and EUR is modestly firmer, with several upside OPEX strikes for the Single-Currency
- Bonds are bid, though still unable to pare back all of Tuesday’s advances
- Crude is softer, Gold and Base Metals are firmer amid a subdued Dollar
- Looking ahead,...
10 Jan 2024, 06:35 by Newsquawk Desk
- APAC stocks mostly declined after the flimsy handover from Wall St and tentativeness ahead of key inflation data and earnings.
- European equity futures are indicative of a lower open with Euro Stoxx 50 futures -0.3% after the cash market closed up by 0.4% on Tuesday.
- DXY is steady above the 102.50 mark, USD/JPY is approaching 145 following soft Japanese wage data.
- Australian monthly CPI data was softer than expected but remained well...
09 Jan 2024, 11:20 by Newsquawk Desk
- European equities and US futures are modestly weaker; Russell (-0.9%) underperforms giving back yesterday’s advances
- Dollar is incrementally firmer, Yen continues to make up ground
- Bonds are modestly pressured, Gilts got a slight boost after a strong Gilt auction
- Crude extends gains as it attempts to pare back the prior day's losses and amid geopolitical tailwinds
- Looking ahead, US International Trade, Canadian...
09 Jan 2024, 06:35 by Newsquawk Desk
- APAC stocks traded higher as the region took impetus from the gains on Wall Street where tech outperformed.
- Fed's Bowman said policy appears to be sufficiently restrictive, Bostic reiterated his call for 2 x 25bps rate cuts this year.
- European equity futures are indicative of a higher open with Euro Stoxx 50 futures +0.3% after the cash market closed up by 0.5% on Monday.
- DXY is a touch softer but maintaining 102 status, JPY is the marginal...
08 Jan 2024, 11:15 by Newsquawk Desk
- European and US Futures are modestly lower, amid the broader negative risk tone
- Boeing -8.5% pre-market after the FAA ordered a grounding/inspection of 737 Max 9 operated by US airlines
- Dollar holds within a tight range; Antipodeans lag & JPY bid in-fitting with the risk-averse environment
- Bonds divergent, with Treasuries holding around flat whilst Bunds dip lower
- Crude is markedly lower alongside base metals,...
08 Jan 2024, 06:35 by Newsquawk Desk
- APAC stocks gradually deteriorated following a muted start and last Friday’s post-data whipsawing stateside.
- US House Speaker Johnson said congressional leaders reached a spending level deal in which the topline figure for FY24 is USD 1.6tln.
- European equity futures are indicative of a slightly lower open with Euro Stoxx 50 futures -0.2% after the cash market closed down by 0.2% on Friday.
- DXY contained sub-102.50, JPY the marginal G10...