• European bourses are firmer across the board as risk-sentiment recovers, Euro Stoxx 50 +5.0%; albeit, Energy/Basic Resources names are lagging amid an unwinding in geopolitical-premia, evidenced notably in crude.
  • US futures are firmer across the board, though the magnitude of action is less pronounced when compared to European peers, ES +1.7%.
  • Russia says "some progress" has been made in discussions with Ukraine; subsequently, Ukraine's Foreign Minister Kuleba says...
  • US stocks finished mostly lower whilst the APAC region posted a mixed performance overnight. 
  • European equity futures are indicative of a higher open with the Euro Stoxx 50 future up 1.7% after the cash market closed down 0.2% yesterday.
  • Russian Foreign Minister Lavrov will travel to Turkey today to meet with Ukrainian Foreign Minister Kuleba. 
  • DXY sits just below 99.00, EUR/USD reclaimed 1.0900, AUD leads in the G10 FX...
  • European bourses are mixed, Euro Stoxx 50 +0.9%, after an initial boost to sentiment on source reports around large-scale EU bond issuance; albeit, this upside has waned.
  • Similar action has been exhibited in US futures, ES +0.4%, though performance there is positive across the board once more after a brief foray back into negative territory.
  • EU is reportedly considering a massive joint bond sale to finance defence and energy, according to Bloomberg citing sources;...
  • S&P 500 and Dow Jones suffered their worst performance YTD and the Nasdaq Comp. finished in a bear market.
  • APAC stocks were seen lower overnight and US equity futures extended on losses; ES -0.7%.
  • The Euro Stoxx 50 future is down 2.4% after the cash market closed down 1.2% and in bear market territory yesterday.
  • Ukraine said talks with Russia led to small positive developments, but there were no significant results on a truce or...
  • European bourses are hampered across the board, Euro Stoxx 50 -2.3%, as geopolitics continue to dominate; US futures are also pressured, ES -1.7%, but faring marginally better
  • WTI and Brent surge amid multiple bullish-factors re. US possibly banning Russian oil, Iran-nuclear delays and China growth ambitions; thus, benchmarks reached highs of USD 130.50/bbl and USD 139.13/bbl respectively.
  • Russian & Ukraine Foreign Ministers are to meet in Antalya, Turkey,...
  • MON: Chinese Trade Balance (Feb), German Consumer Goods/Industrial Orders (Jan), EZ Sentix (Mar), US Employment Trends (Feb), Australian Consumer Sentiment (Mar).
  • TUE: EIA STEO; Australian NAB Business Conditions/Confidence (Feb), German Industrial Output/Production (Jan), EZ Employment Final (Q4), US NFIB (Feb), Canadian Trade Balance (Jan), US International Trade (Jan), Wholesale Inventory/Sales (Jan).
  • WED: South Korean Presidential Elections; Chinese...
  • Ukraine's ruling party head said the third round of talks with Russia will take place on Monday.
  • US Secretary of State Blinken said the US and allies are in active discussions regarding a Russian oil import ban; Brent rose above USD 139/bbl at one stage. 
  • Russian demands for sanction exemptions have delayed Iranian nuclear talks. 
  • Asian stocks are lower, US futures are negative with the e-mini S&P below 4300, European...
  • European bourses are hampered, Euro Stoxx 50 -3.7%, after sentiment was hit on the escalating Zaporizhzhia nuclear situation, with Russia now having control of the area
  • Stateside, US futures, ES -0.8%, are pressured but remain modestly above overnight lows as participants look to today's Labour Market Report
  • Ukraine Presidential advisor says they will not say the date/time of the next round of discussions with Russia in advance
  • DXY continues...
  • Ukraine and Russia reached an understanding on a joint provision of humanitarian corridors for evacuating civilians.
  • Ukraine's Zaporizhzhia nuclear power plant was attacked by Russia; safety of the plant has since been secured. 
  • APAC stocks were seen lower amid fears surrounding the Russian attack on the Ukrainian power plant. 
  • European equity futures are indicative of a negative open with the Euro Stoxx 50 future down 2.1% after...
  • Next round of Russia-Ukraine discussions could start at 12:00GMT today; though, Russia notes that they are awaiting the arrival of the Ukrainian delegation
  • European bourses are lower and in-line with the generally cautious mood ahead of negotiations; US futures lower, ES -0.1%, but more contained pre-data & Fed speak
  • DXY remains firm and either side of 97.50, with peers generally lower and havens not benefitting from the cautious tone in-fitting with the core...
  • APAC stocks traded mostly positive following gains in the US where stocks and yields climbed.
  • European equity futures are indicative of a flat open after the Eurostoxx 50 cash market closed higher by 1.5% yesterday.
  • DXY remains on a firm footing, EUR/USD hovers around 1.11 and Cable is circa 1.34.
  • Interfax reported that Russia and Ukraine are to hold talks today. 
  • Fitch and Moody's cut Russia's sovereign...
  • Ukraine and Russia will hold a second round of discussion later today, via Tass citing an aide to the Ukraine presidential office - awaiting Ukranian confirmation.
  • Earlier, Russia's Kremlin says the Russian delegation will be waiting later today and are ready to continue talks; not clear if Ukrainian officials will attend the talks.
  • Losses in Europe trimmed and bourses are now predominantly positive following Kremlin commentary around today's potential negotiations,...
  • US stocks finished lower (S&P 500 -1.6%) with Asian equities also seen softer overnight. 
  • European equity futures are indicative of a soft open with the Euro Stoxx 50 future -0.1% after the cash market closed lower by 4.0% yesterday.
  • In FX, the DXY extended on gains above 97.00, EUR/USD has reclaimed 1.1100 and cable sits on a 1.33 handle.
  • US President Biden said getting prices under control is his highest...
  • Sentiment in equities has moved to risk-off as the mornings Russia-Ukraine updates are generally downbeat; Euro Stoxx 50 -2.5%, ES -0.5%
  • US futures are lower across the board, ES -0.5%, though magnitudes are more contained than their European peers as participants look to a heavy data-docket ahead and Fed speak incl. Powell later in the week
  • Ukrainian President Zelensky says that negotiations with the Russian side have not achieved required results while Russian...
  • APAC stocks began the month mostly on the front foot with the region digesting encouraging Chinese PMI data
  • European equity futures are indicative of a lower open with the Euro Stoxx 50 future -1.0% after the cash market closed lower by 1.2% yesterday
  • DXY is marginally firmer but sub-97.00, AUD steady after the RBA maintained rates and its dovish tone
  • US State Department said the US is prepared to walk away from Iran nuclear talks...
  • G7 leaders declared they will remove selected Russian banks from the interbank SWIFT system
  • Russian President Putin ordered to place Russia's nuclear deterrent forces on high alert citing aggressive statements by NATO leaders
  • Negotiations have commenced between Ukrainian and Russian officials at the Belarus border.
  • European bourses & US futures are pressured, but off worst levels, following weekend sanctions as negotiations commence;...
  • MON: Chinese Official PMI (Feb)
  • TUE: RBA Policy Announcement, Norges Bank Watch, India Maha Shivrati; Chinese NBS & Composite PMIs (Feb), EZ, UK & US Final Manufacturing PMI (Feb), German Retail Sales (Jan), CPI Prelim. (Feb), US ISM Manufacturing PMI (Feb)
  • WED: OPEC Meeting, BoC Policy Announcement; German Unemployment (Feb), EZ Flash CPI (Feb), US ADP (Feb), Australian Composite/Services Final PMIs (Feb)
  • THU: ECB Minutes...
  • Russian President Putin ordered to place Russia's nuclear deterrent forces on high alert citing aggressive statements by NATO leaders and economic sanctions
  • G7 leaders declared they will remove selected Russian banks from the interbank SWIFT system; the EU said some Russian central bank assets will be frozen
  • Russian Central Bank said it releases a capital buffer while it ordered market players to reject foreign clients' bids to sell Russian...
  • European bourses are firmer and back in proximity to initial best levels after losing traction shortly after the cash open, Euro Stoxx 50 +1.3%; FTSE 100 +1.9% outperforms amid Basic Resources strength.
  • US futures are lower across the board, ES -0.9%, after yesterday's significant intra-day reversal to close positive; albeit, action has been rangebound within the European morning.
  • Europe is preparing additional Russian sanctions, US says they have room for further...
  • Ukrainian Foreign Minister Kuleba confirmed Russian rockets have been fired at Kyiv
  • US President Biden authorised new sanctions including on Russian exports
  • US stocks were able to close higher with the NQ (+3.4%) outperforming peers; US futures traded on a slightly softer footing overnight
  • European equity futures are indicative of a higher open with the Euro Stoxx 50 future +2.1% after the cash market closed lower by 3.6%...

24th February 2022



  • Looking ahead, highlights include US GDP (2nd Estimate), PCE Prices Prelim, Initial Jobless Claims, Banxico Minutes, Speeches from Fed's Bostic, Daly, Mester, ECB's Schnabel, BoE's Bailey & Broadbent
  • Earnings from Alibaba, Moderna, Norwegian Cruise Line, Occidental Petroleum
  • Click
  • Russian President Putin authorised a special military operation to demilitarise Ukraine
  • Multiple explosions were heard across several Ukrainian cities including the capital of Kiev
  • US stocks finished lower (S&P 500 -1.8%) and US equity futures extended on losses overnight with APAC stocks also slumping
  • European equity futures are indicative of a weaker open with the Euro Stoxx 50 future -3.8% after the cash market closed lower by...
  • European bourses are firmer, Euro Stoxx 50 +1.0%, with gains relatively broad based though the oil-exposed FTSE 100 lags given benchmark pricing.
  • US futures, ES +0.6%, are also firmer as newsflow is comparably slower and as participants also take impetus from sanctions being less-stringent than some feared.
  • EU Ambassadors have approved sanctions on Russia & US Secretary of State Blinken said it doesn't make sense to meet with Russian Foreign Minister Lavrov...
  • US President Biden announced the first tranche of sanctions on Russia whilst cautioning that this is the beginning of a Russian invasion of Ukraine
  • US Secretary of State Blinken cancelled his meeting with Russian Foreign Minister Lavrov. Biden-Putin meeting is not on the cards
  • S&P 500 closed in correction territory, whilst APAC stocks traded on a firmer footing
  • European equity futures are indicative of a higher open with the Euro...
  • European bourses have experienced a marked recovery throughout the session, Euro Stoxx 50 Unch., with the FTSE 100 (+0.4%) the marginal outperformer given its crude exposure.
  • A recovery that comes amid numerous geopolitical developments and was seemingly led by oil upside and as we await clarity/insight into any Russian sanctions and as Ukraine's President remains confident that there will not be a war.
  • EU ambassadors considered a four-part sanctions package against...