27 Aug 2024, 06:35 by Newsquawk Desk
- APAC stocks traded mostly lower in quiet newsflow following a mixed lead from Wall Street, which saw the tech sector lag ahead of NVIDIA earnings on Wednesday.
- DXY traded in a tight range with a mild upward bias. JPY lagged on yield differentials whilst EUR and GBP were flat and Antipodeans rebounded.
- Microsoft (MSFT) CEO Satya Nadella sold 14,398 shares of Microsoft at an average price of USD 417.412/shr on Aug 23rd; Apple (AAPL) named Kevan Parekh as its new...
26 Aug 2024, 11:05 by Newsquawk Desk
- Modest downside for European bourses while US futures pick up into a week headlined by NVDA & PCE
- Weekend newsflow dominated by geopols; as it stands, we are awaiting any fresh details from Hezbollah and/or Israel on their next steps
- Action which has underpinned crude, haven-FX and XAU. USTs largely unreactive while EGBs came under pressure on a better-than-feared Ifo
- The event between Hezbollah and Israel was framed as one of the...
26 Aug 2024, 06:30 by Newsquawk Desk
- APAC stocks kicked off the week mixed following the state-side gains on Wall Street after Fed Chair Powell's dovish pivot, whilst the weekend was packed with geopolitics.
- Lebanon's Hezbollah launched hundreds of rockets and drones at Israel early on Sunday. Israel's military said it struck Lebanon with around 100 jets to thwart a larger attack; Gaza talks in Cairo ended without agreement but negotiations continue.
- DXY is steady on a 100 handle, EUR/USD briefly...
23 Aug 2024, 10:50 by Newsquawk Desk
- European bourses are modestly firmer, whilst US futures gain to a slightly higher degree
- Dollar is flat, Antipodeans leads, JPY initially propped up by BoJ Governor Ueda, but has since pared
- Bonds are in a holding pattern ahead of Fed Chair Powell
- Crude is firmer and near session highs, XAU gains but is still below 2500, base metals in the green
- Looking ahead, Canadian Retail Sales, Jackson Hole Symposium, Speeches...
23 Aug 2024, 06:40 by Newsquawk Desk
- APAC stocks were ultimately mixed amid cautiousness as braced for a slew of global central bank rhetoric including Fed Chair Powell's speech at the Jackson Hole Symposium.
- Fed's Collins (2025 voter) said the timing seems appropriate to begin easing monetary policy and policy is well-positioned, while she wants a gradual approach to interest rate cuts.
- USD/JPY retreated beneath the 146.00 level and saw further downside alongside comments from BoJ Governor Ueda at a...
22 Aug 2024, 11:15 by Newsquawk Desk
- European bourses are mostly firmer across the board; US futures gain incrementally
- Dollar is trivially higher, GBP outperforms following stronger than expected PMI metrics
- Bonds are lower following the generally better than expected PMI releases, particularly in France the EZ and the UK; Germany continues to print poor metrics
- Crude is flat, XAU is slightly softer but remains above USD 2500/oz
- Looking ahead, US PMIs,...
22 Aug 2024, 06:45 by Newsquawk Desk
- APAC stocks traded with a mild positive bias after the gains on Wall St where a downward payrolls revision and the FOMC Minutes further supported the consensus for a September Fed rate cut.
- FOMC Minutes from the July meeting continued to point to a September move as a vast majority of participants said it would likely be appropriate to ease policy at the next meeting if data continued to come in as expected.
- DXY nursed some losses after retreating yesterday to...
21 Aug 2024, 11:10 by Newsquawk Desk
- European bourses are mostly modestly firmer; US futures rangebound ahead of US Payroll Revisions and the FOMC Minutes
- Dollar is incrementally firmer, JPY is the clear underperformer with USD/JPY around 146.00
- Bonds are flat with traders mindful of today’s key risk events
- Crude is flat, XAU is rangebound and holds just above USD 2500/oz, base metals entirely in the green
- Looking ahead, Canadian Producer Prices, US...
21 Aug 2024, 06:25 by Newsquawk Desk
- APAC stocks were subdued following the lacklustre performance stateside where the major indices finished with mild losses.
- European equity futures indicate a marginally positive open with Euro Stoxx 50 future up 0.2% after the cash market finished with losses of 0.2% on Tuesday.
- DXY remains on a 101 handle, JPY is the marginal laggard across the majors, EUR/USD holds onto 1.11 status.
- A deal to bring an end to the fighting in Gaza was said...
20 Aug 2024, 11:05 by Newsquawk Desk
- European equities are mostly, but modestly firmer (ex-FTSE 100); US futures are flat
- Dollar is flat, NZD outperforms and USD/JPY back to 146.50
- Bonds are incrementally firmer, Bunds dipped slightly on German Producer Prices but then edged higher as the morning progressed
- Crude is lower in a continuation of the prior day’s price action; XAU prints another fresh ATH at USD 2521/oz and base metals gain
- Looking ahead,...
20 Aug 2024, 06:30 by Newsquawk Desk
- APAC stocks traded mixed and only partially took impetus from the tech-led gains stateside amid a lack of major macro drivers.
- European equity futures indicate a slightly positive open with Euro Stoxx 50 future up 0.1% after the cash market finished with gains of 0.6% on Monday.
- DXY remains sub-102, JPY has given back some gains vs. the USD, Cable is unable to breach 1.30.
- ECB's Rehn said the recent increase in negative growth risks in the...
19 Aug 2024, 10:53 by Newsquawk Desk
- Equities are mixed and struggling to find clear direction in catalyst thin trade
- Dollar is lower, JPY sees significant strength as USD/JPY holds around 146.00
- Bonds are firmer to varying degrees, Bunds lead as Germany reaches a deal regarding its 2025 budget
- Crude is lower and resides near session lows, XAU holds around USD 2500/oz, base metals benefit from the softer Dollar
- Looking ahead, BoC SLOOS, NZ Trade...
19 Aug 2024, 06:35 by Newsquawk Desk
- APAC stocks were mixed with a somewhat cautious tone amid geopolitical uncertainty after Hamas rejected the latest ceasefire proposal.
- Fed’s Daly (voter) said it is time to consider adjusting rates from their current level, Goolsbee (non-voter) said inflation and the labour market are cooling faster than expected.
- European equity futures indicate a slightly positive open with the Euro Stoxx 50 future up 0.1% after the cash market finished with gains of 0.7% on...
16 Aug 2024, 11:00 by Newsquawk Desk
- Equities are modestly firmer, ex-FTSE 100, in a continuation of the optimism seen in the prior session
- Dollar is softer vs peers, Kiwi outperforms and USD/JPY holds around 148.70
- USTs are contained, but off worst levels, Gilts fairly unreactive to its own Retail Sales, holding just shy of 100.00
- Crude is on the backfoot, with pressure fuelled by updates from Libya’s Waha Oil Company, XAU incrementally firmer whilst base metals are...
16 Aug 2024, 06:40 by Newsquawk Desk
- APAC stocks followed suit to the rally on Wall St after a US data deluge soothed recent economic concerns.
- DXY marginally eased back beneath the 103.00 level after recently strengthening alongside the data deluge stateside.
- Israel will be on maximum readiness for a response from Hezbollah this weekend; Biden admin is reportedly “open” to sending long-range cruise missiles to Ukraine.
- European equity futures indicate a mildly positive open...
15 Aug 2024, 11:10 by Newsquawk Desk
- European bourses are modestly firmer; US futures are mixed ahead of today’s jobless claims and retail sales
- Dollar is flat and AUD outperforms post-jobs data
- Bonds are modestly lower, with slight underperformance in Gilts while USTs are contained into data
- Crude is modestly firmer, XAU gains alongside strength in base metals
- Looking ahead, US NY Fed Manufacturing, Export/Import Prices, IJC, Retail Sales, Comments...
15 Aug 2024, 06:40 by Newsquawk Desk
- APAC stocks shrugged off the mixed lead from the US and gained as participants digested a slew of key data; Nikkei 225 was among the biggest gainers after GDP data topped forecasts.
- Chinese activity data was mixed as industrial production disappointed but retail sales topped forecasts; China's stats bureau said China's economic operation was generally stable in July and added domestic demand is likely to improve due to policy support.
- Fed's Bostic (voter) is open to...
14 Aug 2024, 11:22 by Newsquawk Desk
- European equities are entirely in the green, US futures are mixed with price action tentative ahead of today’s US inflation report
- DXY is mixed, EUR climbs above 1.10, Kiwi is the clear underperformer after the RBNZ cut by 25bps, with projections pointing towards further easing
- USTs are essentially unchanged, Gilts benefit from softer-than-expected inflation metrics, with particular focus on the Services component
- Crude is incrementally...
14 Aug 2024, 06:35 by Newsquawk Desk
- APAC stocks only partially sustained the momentum from Wall St where risk sentiment was underpinned by softer-than-expected PPI data.
- RBNZ cut the OCR by 25bps to 5.25% (vs. mixed views between a cut and a hold); projections point to a further reduction this year.
- Japanese PM Kishida confirmed he won't run for re-election as LDP leader.
- European equity futures indicate a mildly positive open with the Euro Stoxx 50 future up 0.3% after the...
13 Aug 2024, 11:18 by Newsquawk Desk
- A choppy session for European equities thus far, now currently modestly higher; US equity futures entirely in the green
- Dollar is softer vs the Antipodeans but gains vs the typical havens, GBP benefits post-jobs data
- USTs are flat awaiting today’s US PPI, Bunds benefit from dire German ZEW metrics
- Crude is slightly softer, XAU is lower but within a tight range, base metals are entirely in the red
- Looking ahead, US...
13 Aug 2024, 06:40 by Newsquawk Desk
- APAC stocks followed suit to the mixed lead from the US ahead of key data.
- European equity futures indicate a firmer open with the Euro Stoxx 50 future up 0.3% after the cash market finished with losses of 0.1% on Monday.
- DXY is steady just above 103, havens lag vs. the USD, whilst risk currencies outperform.
- White House's Kirby said the timing of Iran's attack on Israel could be this week and they have to be prepared for what could be...
12 Aug 2024, 11:50 by Newsquawk Desk
- Equities are mostly, but modestly firmer, taking positive leads from a constructive APAC session.
- Dollar is flat, Antipodeans outperform whilst traditional haven FX lags.
- Bonds are incrementally softer and have traded sideways for much of the session.
- Crude outperforms amid the heightened geopolitical tensions, XAU edges towards USD 2450/oz.
- Looking ahead, highlights include Indian CPI & US NY Fed...
12 Aug 2024, 07:00 by Newsquawk Desk
- APAC stocks began the week mostly higher following last Friday's gains on Wall St and light macro newsflow over the weekend; Japanese markets were closed for Mountain Day.
- European equity futures indicate a firmer open with Euro Stoxx 50 futures up 0.5% after the cash market finished with gains of 0.1% on Friday.
- 10-year UST futures lacked direction amid light catalysts and with overnight cash treasuries shut due to the Tokyo closure.
- BoE's...
09 Aug 2024, 11:30 by Newsquawk Desk
- European bourses & US futures firmer with newsflow light and the move a continuation of Thursday's data-driven upside
- DXY slightly softer but holding firmly above 103.00 with G10s generally rangebound
- Fixed bid but in familiar territory, USTs have recovered from supply-induced pressure on Thursday
- Crude contained with geopolitics still in focus, NatGas benchmarks slip as flows continue through Ukraine, base metals benefit from Chinese...
09 Aug 2024, 06:35 by Newsquawk Desk
- APAC stocks took impetus from the relief rally on Wall St where sentiment was underpinned after a larger-than-expected decline in Initial Jobless Claims soothed some of the recent labour market concerns.
- DXY marginally softened in rangebound trade but remained above 103.00; 10-year UST futures nursed losses and got some mild reprieve after recent bear steepening.
- Crude futures kept afloat amid the positive mood and as participants await Iran and Hezbollah's...