29 Mar 2021, 11:27 by Newsquawk Desk
- European equity indices have opened mixed but with a slight positive bias whilst US equity futures are negative and the RTY is the underperformer, -0.8%
- The Dollar has strengthened and surpassed last week’s highs; exerting further pressure on the EUR as EUR/GBP has hit YTD lows of 0.8510
- German Chancellor Merkel threatened the use of federal law to toughen pandemic restrictions
- The stuck tanker in the Suez Canal has reportedly been refloated...
29 Mar 2021, 06:54 by Newsquawk Desk
- Asia-Pac equity markets eventually traded mostly higher as the region picked up the baton from last week's late surge on Wall St
- In FX, the DXY consolidated overnight, EUR/USD was rangebound beneath 1.18, GBP/USD sits on a 1.37 handle
- German Chancellor Merkel threatened the use of federal law to toughen pandemic restrictions
- The stuck tanker in the Suez Canal has reportedly been refloated with engineers partially freeing the...
26 Mar 2021, 11:00 by Newsquawk Desk
- European equity indices and US futures are firmer on the session with RTY the mild US outperformer, +0.9%
- The Dollar has been choppy to the benefit of its major counterparts, EUR/USD testing 1.18
- In Europe, officials suggest that Germany is beginning a third COVID wave and there are clear signals that the current wave could be worse than the first
- North Korea confirmed that it test-fired a new tactical guided missile on Thursday without...
26 Mar 2021, 06:54 by Newsquawk Desk
- Asia-Pac stocks traded mostly higher following the rebound in the US where small caps atoned for the prior day's underperformance
- In FX, the DXY slightly eased off 4-month highs, EUR/USD remained sub-1.18, antipodeans outperformed
- WTI crude futures nursed some of the prior day's losses and reclaimed the USD 59.00/bbl level
- The US 7-year note sale went down miserably, again, but not quite as bad as February's
- European...
25 Mar 2021, 11:00 by Newsquawk Desk
- European equity indices have recovered off worst levels while US futures consolidate, with the NQ narrowly outperforming
- Dollar has traded choppy; JPY has been trailing behind and is only just above the 109.00 handle; FX eyes sizeable OpEx
- SNB kept policy rate unchanged at 0.75%; CHF classification reaffirmed as “highly valued” and reiterates the willingness to intervene in FX if necessary, but removes 'more strongly' phrasing
- AstraZeneca...
25 Mar 2021, 06:54 by Newsquawk Desk
- Asian equity markets were choppy as the region attempted to shrug-off the weak handover from Wall St
- US Treasury Secretary Yellen and Democratic Senator Manchin voiced their support for corporate tax increases
- In FX, the DXY reversed course after breaching its 200DMA to the upside, EUR/USD found a base at 1.18, GBP/USD trades sub-1.37
- The UK and EU are working on specific steps they can take to create a win-win situation, according to a...
24 Mar 2021, 11:00 by Newsquawk Desk
- European equity indices are softer on the session but US futures are firmer with the tech heavy NQ the modest outperformer, +0.9%
- Dollar has seen early morning gains to the detriment of major counterparts, though action has been slightly choppy at YTD DXY highs
- South Korean Military confirmed reports that North Korea fired two cruise missiles off its west coast on Sunday
- Oil is firmer on the day and attempting to reclaim yesterdays losses...
24 Mar 2021, 06:54 by Newsquawk Desk
- Asia-Pac bourses traded mostly lower following the losses seen stateside where cyclicals and value underperformed
- In FX, the DXY held on to its gains above 92.00, EUR/USD languished beneath 1.1850, GBP/USD extended on declines
- WTI crude futures languished around USD 58/bbl after the prior day's heavy selling pressure
- South Korean Military confirmed reports that North Korea fired two cruise missiles off its west coast on...
23 Mar 2021, 11:00 by Newsquawk Desk
- European equity indices and US futures are negative across the board with RTY the underperformer, -1.2%
- DXY is firmer on the session to the detriment of major counterparts ex-JPY; antipodeans lag dragged by Kiwi housing updates
- China responded to fresh sanctions by the US, EU, and UK in which it unveiled travel bans on 10 EU individuals and four entities
- AstraZeneca may have provided outdated info about its COVID-19 vaccine trial, according...
23 Mar 2021, 06:54 by Newsquawk Desk
- Asian equities deteriorated throughout the APAC session amid losses in Chinese markets
- China responded to fresh sanctions by the US, EU and UK in which it unveiled travel bans on 10 EU individuals and four entities
- AstraZeneca may have provided outdated info about its COVID-19 vaccine trial, according to the NIH
- In FX, the DXY remains below 92.00, EUR/USD and GBP/USD trade on 1.19 and 1.38 handles respectively, antipodeans...
22 Mar 2021, 11:00 by Newsquawk Desk
- European equity indices and US futures are mixed with the tech-heavy NQ the notable outperformer, +0.7%
- DXY is softer on the session but price action against major counterparts has been contained
- The EU is reportedly expected to block AstraZeneca vaccine and ingredient exports to the UK
- TRY slumped around 15% at the weeks open after Turkish President Erdogan replaced CBRT Governor Agbal; currently, USD/TRY...
22 Mar 2021, 06:54 by Newsquawk Desk
- Asian equity markets began the week mixed as the region took its cue from the indecisive performance last Friday stateside
- The EU is reportedly expected to block AstraZeneca vaccine and ingredient exports to the UK
- The US & China did not announce any breakthrough in talks last week
- In FX, the DXY consolidated around the 92.00 mark with price action relatively contained in the G10 space
- TRY slumped around 15% at...
19 Mar 2021, 11:00 by Newsquawk Desk
- European equity indices are negative across the board whereas US futures are positive with the tech-heavy NQ the mild outperformer, +0.5%
- Dollar has traded choppy in early morning trade but currently resides in the green
- Crude is attempting to make up lost ground on the week as the complex resides in firmer territory
- The BoJ stood pat on rates but widened the yield target band to +/-25bps and scrapped the ETF target as...
19 Mar 2021, 06:54 by Newsquawk Desk
- Asian equity markets traded negatively following the tech sell-off in the US where the Nasdaq dropped 3% amid a jump in yields
- Talks in Alaska have so far underscored the icy US-China relations with plenty of rebukes from both side
- Oil prices declined by around 8% for its largest decline in 6 months with WTI briefly slipping below USD 60.00/bbl
- The BoJ stood pat on rates but widened the yield target band to +/-25bps and scrapped the ETF...
18 Mar 2021, 11:00 by Newsquawk Desk
- European equity indices are firmer across the board but US futures have pared back gains and are pressured with the tech-heavy NQ the underperformer, -1.2%
- Dollar has firmly bounced as US yields have flown post-FOMC and 10yr currently resides ~1.73%; Norges Bank guides for a hike towards end-2021
- WHO Vaccine Safety Panel will issue its findings on the AstraZeneca COVID vaccine on Friday amid the suspension of vaccine rollouts in...
18 Mar 2021, 06:54 by Newsquawk Desk
- FOMC left rates and pace of asset purchases unchanged, whilst making no mention of the SLR in its statement
- The median dot plot projections still forecast no rate hikes through end-2023
- The FOMC release spurred the S&P 500 and DJIA to fresh record highs and provided a constructive backdrop for the Asia-Pac region
- The DXY slipped below 91.50, lifting EUR/USD above 1.1950, GBP/USD sits on a 1.39 handle and USD/JPY lost 109...
17 Mar 2021, 11:00 by Newsquawk Desk
- European equity indices are predominantly softer on the session whilst US futures are negative with RTY the underperformer, -0.5%
- Dollar has backtracked with peers marginally mixed ahead of the FOMC later
- Oil has experienced gradual downside and resides around session lows ahead of EIA data
- The US does not expect specific negotiated deliverables or a joint statement from its meeting with China
- Looking ahead,...
17 Mar 2021, 06:54 by Newsquawk Desk
- Asia-Pac stocks traded in a subdued manner with participants cautious ahead of the FOMC announcement later today
- The US doesn't expect specific negotiated deliverables or a joint statement from its meeting with China
- In FX, the DXY has seen mild support with an eye on 92.00, EUR/USD hovers around 1.19 and GBP/USD remains sub-1.39
- Italy and France have signalled that they are prepared to end their suspension of the AstraZeneca...
16 Mar 2021, 11:00 by Newsquawk Desk
- European equity indices are firmer on the session, US futures are mixed; RTY underperforms
- DXY is firmer as peers trade predominantly negative; GBP/USD trades on a low 1.38 handle
- Oil continues to feel pressured and resides around session lows, precious metals follow the softer sentiment
- AstraZeneca vaccine rollout continues to be halted across Europe despite several authorities stating the risk/reward ratio remains a positive...
16 Mar 2021, 06:54 by Newsquawk Desk
- Asian equities traded higher following the positive performance on Wall Street where the S&P 500 and DJIA extended on record levels
- The Nasdaq led the advances as tech and growth were favoured as yields eased
- In FX, the DXY is steady around 91.80, EUR/USD was contained on a 1.19 handle and GBP/USD extended its move below 1.39
- WTI crude futures were contained beneath USD 65.00/bbl following the declines during yesterday's...
15 Mar 2021, 11:00 by Newsquawk Desk
- European equity indices & US futures are firmer; E-mini S&P +0.2%
- DXY is firmer as peers trade mixed; EUR/USD and GBP/USD maintain 1.19 and 1.39 status respectively
- Oil has pared back from session highs to be near flat on the day. Precious metals trade somewhat choppy
- White House is expected to propose tax increases include raising corporation tax to 28% from 21%
- Looking ahead, highlights include ECB asset...
15 Mar 2021, 06:54 by Newsquawk Desk
- Asian equity markets traded mixed with the region tentative heading into this week's plethora of central bank announcements
- Chinese activity data showed a larger than expected increase in Industrial Production and Retail Sales; supported by base effects
- This week’s high-level meeting between the US and China is not likely to lead to any major diplomatic breakthrough, according to Chinese observers
- In FX, the DXY was steady around 91.70,...
12 Mar 2021, 11:52 by Newsquawk Desk
- Equity indices are softer this morning in Europe as are US futures, ES -0.6%, NQ -1.8%, as tech pulls back from yesterday's gains with yields gaining ground
- Pressure in the space has been evidenced since the European cash open as US 10yr yields advanced to 1.6140% session highs thus far; elevating the DXY to near-92.00
- Sentiment was mixed in APAC trade with China bourses weighed on trade tensions from multiple perspectives
- WHO spokesperson...
12 Mar 2021, 06:54 by Newsquawk Desk
- Asian equity markets mostly took impetus from the gains on Wall Street where the S&P 500 and the DJIA notched fresh record highs, Nasdaq outperformed
- US President Biden signed the USD 1.9tln COVID-19 relief bill, as expected. Direct deposits could be received by US citizens this weekend
- US State Department spokesman said the US will not pull any punches in areas of disagreement with China
- The DXY recouped some of yesterday’s losses after...
11 Mar 2021, 11:53 by Newsquawk Desk
- European bourses are somewhat mixed after dipping post-open while US futures are firmer with the NQ +1.8% outperforming
- FX features a subdued USD to the benefit of major peers while UST 10yr yields dip below 1.50% but EZ counterparts are now largely unchanged retracing earlier action
- Danish Health Authority has temporarily halted the use of the AstraZeneca (AZN LN) COVID-19 vaccine due to serious cases of blood clots
- Looking ahead,...