• European bourses are mixed/flat ahead of US CPI and the ECB while US futures are marginally diverging as the NQ modestly lags on firmer yields
• The USD is firmer with peers mixed but contained while fixed income modestly pares recent upside and the US 10yr yield back to 1.50%
• US and Chinese commerce chiefs reportedly agreed to push forward with trade and investment ties; supporting APAC trade
• A bipartisan House group unveiled an 8-year...

• Asian equity markets traded higher as US-China dialogue helped the region shrug off early cautiousness
• US and Chinese commerce chiefs reportedly agreed to push forward with trade and investment ties
• The DXY maintains 90.00 status, EUR/USD sits on a 1.21 handle and GBP/USD eyes 1.41 to the downside
• A bipartisan House group unveiled an 8-year package valued at USD 1.25tln which would avoid corporate and income tax...

• European bourses are mixed/flat in a relatively quiet EU session while US futures have been unmoved for the morning
• Chinese CPI missed forecasts while PPI continued to surge and registered the fastest pace of increase in factory gate prices since 2008
• Talks between US President Biden and Senator Capito have officially ended with Biden moving onto talks with a bipartisan group of senators
• DXY is sub-90 with peers firmer across the board and...

• Asian equities traded mixed with price action confined to relatively tight ranges
• Chinese CPI missed forecasts while PPI continued to surge and registered the fastest pace of increase in factory gate prices since 2008
• Talks between US President Biden and Senator Capito have officially ended with Biden moving onto talks with a bipartisan group of senators
• In FX, the DXY holds on to 90.00 status, EUR/USD and GBP/USD trade on 1.21 and 1.41...

• European cash and US equity future remain contained overall though were fleetingly pressured on multiple website outages globally with Fastly possible the cause; newsflow which lifted core debt to fresh highs
• In FX, DXY gains a firmer footing above 90.00; GBP and JPY lag whilst the NOK was lifted on the Norges Bank Survey
• US is reportedly planning trade talks with Taiwan; China is said to be moving ahead and making progress on legislation to counter US...

• Asian equity markets lacked direction following a similar indecisive performance on Wall Street
• In FX, the DXY holds on to 90.00, EUR/USD remains sub-1.22 and GBP/USD retreats further
• Reports suggest that the UK's June 21st reopening plans could be delayed by two weeks
• US Republican Senator Capito was said to not sound too optimistic about talks with President Biden ahead of today’s meeting
• Looking ahead, highlights...

• European bourses are contained in tentative and quiet trade during ECB & Fed blackout periods while US futures are faring marginally worse; ES -0.2%
• The DXY is essentially unchanged with peers somewhat mixed while core debt errs lower and yields are raised but still sub pre-NFP levels
• President Biden rejected the Republican infrastructure proposal although still plans to meet with Republican Senator Capito today
• Treasury Secretary Yellen...

• Asian equities traded cautiously as the initial tailwinds from last week’s US jobs report eventually faded amid softer than expected Chinese trade data
• In FX, the DXY remains above 90.00, EUR/USD consolidated above 1.2150 and GBP/USD pulled further away from 1.42
• President Biden rejected the Republican infrastructure proposal although still plans to meet with Republican Senator Capito today
• Treasury Secretary Yellen suggested that a slightly...

• European bourses exhibit indecisive and lacklustre trade; US equity futures are also uneventful
• DXY has waned off best levels but remains above 90.50, EUR/USD holds on to 1.21 status and GBP/USD reclaimed 1.4100
• EU regulators have opened a probe into Facebook (FB) marketplace; Facebook -1% pre-market
• Looking ahead, highlights include US and Canadian Jobs Reports, US Factory Orders, Fed’s Powell, ECB’s Lagarde, Villeroy, PBoC’s Yi...

• Asian equity markets traded cautiously following the tech-led declines in the US and with sentiment constrained by US-China tensions
• RBI kept rates unchanged as expected but eventually announced further QE purchases
• DXY remains firm above 90.50, EUR/USD holds on to 1.21 status and GBP/USD trades sub-1.41
• Fed's Williams suggested it makes sense for the Fed to be thinking through options it has in the future but doesn't think it is currently...

• European equities and US equity futures trade lower following a mixed APAC lead
• In FX, the DXY probes 90.00 after briefly topping the level, EUR/USD and GBP/USD trade on either side of 1.2200 and 1.4200 respectively
• Russian National Wealth Fund is to exit USD assets with the new structure expected to come into force within a month
• US Senate Republicans and the White House are said to remain hundreds of billions of dollars apart on the...

• Asian equity markets eventually traded mostly positive as the region gradually broke free from the mundane tone from Wall Street
• President Biden is to amend former President Trump's China blacklist to target key industries
• Fed announced plans to offload its corporate bond and ETF holdings that were purchased last year
• In FX, the DXY remains sub-90.00, EUR/USD hovers around 1.22 and GBP/USD sits just above...

• European bourses remain caged amid a lack of catalysts; US equity futures are similarly flat
• DXY reclaimed 90.00, EUR/USD lost 1.22 status and GBP/USD sits sub-1.4150
• Brent crude futures reclaimed USD 71/bbl whilst Iranian nuclear parties talks are adjourned for at least a week
• Looking ahead, highlights include US Private Inventories, ECB’s Lagarde, Weidmann, Fed’s Harker, Evans, Bostic, Kaplan, Kashkari

CORONAVIRUS...

• Asian equity markets traded mixed following a similar indecisive performance in the US where the mood was tentative
• DXY remains below 90.0, EUR/USD maintains 1.22 status and GBP/USD sits sub-1.42
• Brent crude futures settled above USD 70/bbl yesterday for the first time since May 2019
• Looking ahead, highlights include German Retail Sales, US Private Inventories, RBA’s Debelle, Bullock, ECB’s Elderson, Lagarde, Fed’s Harker, Evans, Bostic,...

• European equities opened on a firmer footing and extended gains; US equity futures also see broad-based gains but to a lesser extent
• In FX, the DXY remained subdued beneath 90.00, EUR/USD reclaimed 1.22 and GBP/USD reached its highest level since early 2018 before losing 1.4200 status
• US President Biden will meet with Sen. Capito on Wednesday; Senate Republicans have downplayed chances of an infrastructure deal this week
• The RBA maintained...

• Asian equity markets traded mixed after lacking direction from the US and ahead of upcoming key risk events
• In FX, the DXY remained subdued beneath 90.00, EUR/USD reclaimed 1.22 and GBP/USD reached its highest level since early 2018
• RBA maintained rates as expected, reiterated its guidance that suggests conditions will not be met for a rate hike until 2024 at the earliest
• OPEC+ is not expected to discuss output beyond July and wants to wait...

• Equities are mildly positive this morning in a contained/apprehensive move ahead of data and into month-end
• FX has for the most part been contained with the DXY holding 90.00 and JPY sub-110.00 with OpEx in focus but attention on the Yuan after a strong PBoC fix
• ECB's Schnabel says a premature removal of ECB support would be a great mistake though financing conditions remain favourable; welcomed the recent yield increase
• Salesforce beat on...

• Asian equity markets traded mostly higher; Nikkei 225 outperformed on the back of the weaker JPY
• In FX, the DXY consolidated around 90.00, USD/JPY hovered close to 110.00; and the Yuan continued to strengthen
• US bipartisan bill to counter China received enough support to advance in the US Senate
• BoJ is reportedly to consider a 6-month extension to the September deadline for the pandemic-relief program
• OPEC+ is...

• European bourses have been choppy but generally directionless and rangebound while US futures see a marginal negative bias
• DXY is oscillating the 90.00 mark with little conviction in moves either way and peers essentially unchanged across the board and similar action seen across debt thus far
• The call between China's Vice Premier Liu He and USTR Tai was said to be candid and constructive, while both sides agreed to maintain communication
• US...

• Asia-Pac bourses traded choppy after the mild positive bias from Wall Street wore thin as month-end looms
• In FX, the DXY consolidated at 90.00, EUR/USD failed to reclaim 1.2200, whilst USD/CNH and USD/CNY remained below 6.4000
• The call between China's Vice Premier Liu He and USTR Tai was said to be candid and constructive, while both sides agreed to maintain communication
• US President Biden's administration and other Democrats close to the...

• European bourses are marginally pressured while US futures tread water in quiet newsflow ahead of month-end; ES +0.2%
• ECB's Panetta says that current conditions do not justify reducing the pace of purchases, and a discussion about phasing out PEPP is premature
• Antipodeans remain the clear outperformers post-RBNZ while the USD has remained bid after EUR slipped on Panetta and JPY errs lower
• RBNZ stood pat on the OCR and LSAP as expected, but...

• Asia-Pac stocks were mostly positive in what was a modest improvement from the subdued performance on Wall Street
• Most major US indices posted marginal losses, although the Nasdaq 100 bucked the trend amid resilience in tech
• Fed Vice Chair Clarida agreed with the FOMC minutes that there will be a time at upcoming meetings where the Fed could start to discuss tapering
• The DXY remains firmly below 90.00, EUR/USD trades above 1.2250 and GBP/USD...

• European bourses are contained but experiencing some slight divergence and have waned off initial best levels though the NQ remains the narrow outperformer
• US Republican Senator Wicker said the GOP could support a total USD 1tln infrastructure package
• Reports note speculation of intervention by China state banks in USD/CNY and USD/CNH around the 6.4000 level
• DXY remains depressed and sub last week's trough to the benefit of peers across the...

• Asia-Pac stocks traded higher after taking the impetus from the encouraging performance in the US
• Major US indices gained, led by outperformance in tech amid a decline in yields and alongside a rebound in crypto
• The DXY remained subdued beneath 90.00, EUR/USD extended on advances above 1.22 and GBP/USD above 1.4150
• EU leaders have agreed on a set of sanctions to be imposed on Belarus
• US Republican Senator Wicker said...

• European bourses are modestly firmer though there are a number of closures given Whit Monday while US futures outperform modestly in quiet trade
• The USD has been downbeat for much of the morning to the benefit of EUR in particular though the DXY did stage a short-lived resurgence
• China's NDRC reportedly held discussions with major commodity firms and pledged to have zero tolerance on commodity futures violations
• US Secretary of State Blinken...