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  • European indices began the session firmer though initial gains diminished to largely mixed/flat performance with tech underperforming post Infineon and as NQ lags
  • USD outperforms with EUR/USD having tested 1.20 and Cable dropping below 1.39, though unmoved on final PMIs while NZD lags pre-data
  • Core debt is subdued with Bunds rangebound and Gilts playing catch-up while action is contained to the belly of the US yield curve
  • The RBA maintained...
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  • Asian equity markets traded mixed following on from a mostly positive US session after sentiment was underpinned amid an easing of COVID restrictions
  • The Nasdaq underperformed with tech pressured by losses in work-from-home stocks
  • In FX, the DXY reclaimed 91.00, dragging EUR/USD and GBP/USD below 1.2050 and 1.39 respectively
  • The RBA maintained its key rates at 0.10% and the parameters of its QE program, as...
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  • European bourses began with modest gains that have since fizzled out to reside in negative territory amid a holiday-thinned session
  • Core debt has been pressured after Bunds failed to eclipse Friday's peak convincingly with EZ Final PMIs not moving the dial but US ISM and Fed speak in focus
  • The EU Commission is recommending the easing of restrictions on non-essential travel to the EU, whilst addressing variants via a new "emergency brake" mechanism
  • ECB's de Guindos says the ECB can consider phasing...
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  • Asian equity markets began the week subdued amid key market closures and a lack of fresh macro-drivers over the weekend
  • In FX, the DXY retained gains seen on Friday, EUR/USD and GBP/USD sit on 1.20 and 1.38 handles respectively
  • ECB's de Guindos says the ECB can consider phasing out emergency stimulus once the economy picks up pace and 70% of the adult population is vaccinated
  • Iran's Deputy Foreign Minister said that a deal was nearing for a...
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  • European bourses are rangebound with individual movers dominated by earnings; stateside, futures are modestly softer
  • Amazon earnings beat on top and bottom lines after reporting a 44% increase in sales; +2% in pre-market
  • USD is firmer but remains sub-91.00 with action largely confined to EUR & GBP into month-end with Japanese participants away on holiday
  • Chinese official Manufacturing PMI and Non-Manufacturing PMI disappointed but...
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  • Asian stocks traded subdued after the momentum from yesterday’s intraday rebound and fresh record highs on Wall Street waned
  • The APAC region was tentative at month-end and as participants digested an influx of earnings and mixed data releases
  • Chinese official Manufacturing PMI and Non-Manufacturing PMI disappointed but remained in expansionary territory
  • In FX, the DXY consolidated slightly north of 90.50, EUR/USD holds on to 1.21 and GBP/USD...
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  • European bourses are somewhat mixed but slightly firmer overall after a heavy earnings morning in Europe while US futures are bolstered post large tech earnings
  • Apple and Facebook beat on top & bottom lines and are firmer in pre-market trade, with upside also in Qualcomm while Ford is pressured
  • President Biden unveiled his American Families plan which was in-line with earlier reports and prompted the expected Republican pushback
  • The USD...
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  • The FOMC left policy unchanged and Fed Chair Powell pushed back on early tapering expectations
  • Asian equity markets traded positively in reaction to the continued dovish tone from the FOMC
  • Support was also garnered from firm earnings amongst the tech giants including Apple, Facebook and Qualcomm
  • Focus was also on President Biden’, who unveiled his American Families plan to Congress
  • In FX, the DXY was subdued around...
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  • European bourses are mixed though positively biased and rangebound in an earnings-dominated morning ahead of large-cap US reports; ES +0.1%
  • Microsoft declined and Google shares surged after-hours/pre-market with both beating on top and bottom lines in their respective earnings
  • US President Biden plans to ask Congress to pay for the entirety of the USD 1.8tln in new spending; speech at circa 21:00EDT tonight
  • The USD has been supported by...
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  • Asian equity markets traded tentatively following the flat performance of US peers as caution lingered ahead of the FOMC
  • Microsoft declined and Google shares surged after-hours with both beating on top and bottom lines in their respective earnings
  • In FX, the DXY lingers around the 91.00 mark, EUR/USD and GBP/USD are marginally softer
  • US President Biden plans to ask Congress to pay for the entirety of the USD 1.8tln in new...
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  • Equity indices have been drifting throughout the morning with European bourses slightly lower than relatively unchanged US futures ahead of large-cap earnings
  • Tesla is lower in pre-market trade despite Q1 earnings beating on top and bottom lines with the Co. profiting from its Bitcoin holdings
  • BoJ kept policy settings unchanged reducing inflation but increasing growth forecasts while the Riksbank reiterated its stance
  • The DXY is firmer and...
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  • Asia-Pac stocks failed to take impetus from the mostly positive close and fresh record levels stateside
  • BoJ kept policy settings unchanged, reduced inflation forecasts for the current fiscal year and upgraded growth projections
  • In FX, the DXY remains supported and eyes 91.00 to the upside, EUR/USD and GBP/USD remain sub-1.21 and 1.39 respectively
  • Tesla was lower in after-hours trade despite Q1 earnings beating on top and bottom lines with...
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  • European indices have been choppy but contained throughout the morning, with US futures mixed but similarly rangebound, ahead of key risk events this week
  • The USD remains pressured to the modest benefit of major peers though EUR fails to derive support hindered by GBP while JPY is steady ahead of the BoJ
  • Core debt is softer as earlier rebounds fizzled out ahead of 2 & 5yr issuance due stateside today while the US yield curve is marginally...
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  • Asia-Pac equity markets traded tentatively albeit with a positive tilt ahead of a slew of upcoming risk events
  • In FX, the DXY remained pressured below 91.00, EUR/USD and GBP/USD breached 1.21 and 1.39 to the upside respectively
  • US Senator Manchin says that he would prefer a more targeted infrastructure bill
  • US Senator Graham says that Republican support could exist for a USD 800-900bln infrastructure package
  • Looking...
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  • European bourses are softer following the soured US sentiment though APAC indices managed to shrug this off, stateside futures are modestly firmer but contained
  • USD has been pressured but is still holding above the 91.00 mark and as such yesterday's low for the DXY, to the modest benefit of major peers with little reaction seen on UK/EZ data this morning
  • Flash PMIs beat across the board for the UK as the economy begins to reopen with EZ figures also strong and now...
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  • Asia-Pac stocks head into the weekend mixed after the region partially shrugged off the early headwinds from the US
  • Sentiment in the US was spooked by reports that President Biden plans to hike capital gains tax to as much as 43.4%
  • The Japanese government is seeking an emergency declaration for Tokyo, Osaka, Kyoto and Hyogo between April 25th-May 11th
  • The DXY heads into the European session marginally softer after initial gains petered out...
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  • European bourses are firmer after an earnings-dictated start to the session while US futures are essentially flat, with earnings similarly in focus
  • The USD has been somewhat choppy initially eclipsing 91.20 sending Cable sub 1.39 briefly though since then the DXY has pulled back with peers mixed
  • Russia utilises in excess of 40 warships and 20 support vessels in military drills in the Black Sea
  • Libya's NOC said Libyan oil production falls...
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  • Asia-Pac stocks traded mixed as the region struggled to maintain the momentum from the US
  • Major US indices snapped a 2-day losing streak led by advances in small caps which resulted in the Russell 2000 finishing higher by more than 2%
  • In FX, the DXY was indecisive overnight and briefly eyed a retest of the 91.00 level to the downside
  • Indian COVID-19 cases increased by a global single-day record of 314,835
  • US...
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  • European bourses are firmer after an earnings fuelled morning while US futures are flat/negative with the NQ underperforming post NFLX -8.0% in pre-market
  • Netflix beat on top and bottom lines but subscriber additions were below expectations, also approved a USD 5bln share repurchase scheme
  • The USD is firmer with peers mixed/contained though EUR/USD is testing 1.20 to the downside but was unreactive to a favourable German court ruling re. the recovery...
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  • Asian equity markets mostly slumped as the negative mood rolled over from the US where major indices extended on declines
  • Underperformance in the US was seen in energy and financials amid lower oil prices and yields
  • The Japanese government is reportedly to declare an emergency in Tokyo, Osaka and Hyogo due to COVID-19
  • Netflix shares slumped around 10% after hours with subscriber additions significantly below...
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  • European bourses are subdued, Euro Stoxx 50 -1.0%, as sentiment deteriorated after a mixed/negative APAC session with US futures hindered but faring relatively better
  • DXY was initially pressured losing 91.00 at worst to the benefit of peers across the board though JPY has retraced the initial upside and a move below 108.00 as the USD recuperates
  • Chinese President Xi cautioned against nations meddling in other nations internal affairs
  • Looking...
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  • Asian equity markets traded mixed with risk appetite dampened following the losses on Wall Street
  • US majors retreated from their recent record highs with the declines led by tech and growth
  • In FX, the DXY languished beneath 91.00, EUR/USD sits north of 1.2050 and GBP/USD hovers around 1.40
  • Chinese President Xi cautioned against nations meddling in other nations internal affairs
  • Looking ahead, highlights include UK...
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  • European bourses are contained this morning, Euro Stoxx 50 -0.1%, ahead of a handful of US earnings with US futures rangebound
  • DXY has been pressured all morning moving ever closer to 91.00 to the benefit of major peers across the board, EUR/USD through 1.20 & USD/JPY testing 108.00
  • US Senate Democrats are reportedly likely to settle on a corporate tax rate of 25%, according to Axios sources
  • Iran’s government stated that drafting the...
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  • Asian equity markets began the week with mostly cautious gains and US equity futures marginally pulled back from record highs
  • In FX, DXY was in a tight range, EUR/USD traded on either side of 1.1950, GBP/USD held onto recent upside, USD/JPY was pressured
  • Iran’s government stated that drafting the text for reviving the JCPOA can begin; discussions are said to have made further progress
  • Russia is reportedly bolstering its warship presence in...
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  • European bourses are firmer, Euro Stoxx 50 +0.5%, in a continuation of APAC action while US futures are essentially flat
  • DXY is downbeat this morning to the slim benefit of peers particularly the CHF and EUR, while core debt is pressure and the US yield-curve is bear-steepening
  • Chinese GDP and Industrial Production disappointed although still showed a double-digit percentage surge Y/Y and Retail Sales surpassed estimates
  • China has reportedly...
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