24 Apr 2023, 11:25 by Newsquawk Desk
- European bourses/US futures are posting marginal losses in a relatively slow start to a packed week.
- DXY has slipped towards 101.50 with CHF & EUR outperforming while AUD & JPY lag though overall action is limited.
- Gilts are flat and leading a modest retreat in EGBs with Bunds pressured by Ifo while USTs remain near APAC peak.
- Crude and base metals are softer, in-line with broader sentiment, while spot gold is essentially...
24 Apr 2023, 06:30 by Newsquawk Desk
- APAC stocks were mixed after the lack of macro drivers over the weekend and as participants brace for this week’s key events
- European equity futures are indicative of a contained open with Euro Stoxx 50 future -0.1% after the cash market closed higher by 0.5% on Friday
- DXY was uneventful on a 101 handle, EUR/USD eyes 1.10 to the upside, AUD the marginal laggard across the majors
- Russian Security Council Deputy Chairman Medvedev warned that...
21 Apr 2023, 13:56 by Newsquawk Desk
- MON: German Ifo Survey (Apr).
- TUE: Riksbank Announcement, South Korean GDP (Q1), US Richmond Fed Index (Apr), New Zealand Trade Balance (Mar)
- WED: BoC Minutes, Australian CPI (Mar/Q1), US Durable Goods (Mar).
- THU: CBRT Announcement, EZ Business Climate (Apr), US GDP Adv. (Q1)/ PCE Prices Adv. (Q1).
- FRI: BoJ Announcement and Outlook Report, Eurogroup meeting, Japanese Tokyo CPI (Mar)/ Retail Sales (Mar)/...
21 Apr 2023, 11:30 by Newsquawk Desk
- European bourses are mixed/flat overall, as the complex reverted back to opening parameters after a hawkish move lower on the regions Flash PMIs; US futures in-fitting
- DXY firmer but back below 102.00, JPY outperforms while Antipodeans lag. GBP hit on retail sales and as EUR lifts on PMIs, though OpEx caps
- EGBs have lifted off troughs after initially dropping on hawkish PMIs
- Commodities choppy but have been tracking the above market action...
21 Apr 2023, 06:50 by Newsquawk Desk
- APAC stocks were mostly lower as the region tracked the losses on Wall St where risk sentiment was subdued after mixed earnings releases and disappointing US data.
- European equity futures are indicative of a contained open with Euro Stoxx 50 future +0.1% after the cash market closed lower by 0.2% yesterday.
- DXY was steady below the 102 mark, JPY leads the way for G10 FX, AUD lags, other majors are contained.
- Crude futures remained despondent...
20 Apr 2023, 11:25 by Newsquawk Desk
- European bourses & US futures are subdued as pressure intensified in European trade without fresh catalyst; TSLA -7.5% pre-market.
- The DXY is subdued and drifting further from 102.00 to the mixed but contained fortune of peers; NZD lags after CPI miss.
- Core fixed income pares initial recovery momentum approaching a packed US agenda.
- Commodities underpressure given the broader tone despite the softer USD, as crude drops further to fresh...
20 Apr 2023, 06:49 by Newsquawk Desk
- APAC stocks traded rangebound with the region indecisive following the flat handover from the US. Tesla lower by 6.1% after hours post-earnings.
- European equity futures are indicative of a contained open with Euro Stoxx 50 future flat after the cash market closed flat yesterday.
- DXY lingers just below the 102 mark, FX markets overall contained, NZD the laggard across the majors post-CPI.
- Crude futures continued to retreat after slipping...
19 Apr 2023, 11:30 by Newsquawk Desk
- European bourses are in the red as ASML highlights caution among customers & with the macro backdrop influenced by hawkish UK CPI.
- Stateside, futures are in the red with the NQ lagging as yields increase while banking names are deriving support from WAL's after-hours update.
- The session is characterised by broad USD strength, seemingly fuelled by yields and JPY underperformance.
- Though, the latter dynamic briefly lessened following a BoJ...
19 Apr 2023, 06:49 by Newsquawk Desk
- APAC stocks were lacklustre in the absence of any major positive macro drivers and following the flat handover from Wall St.
- European equity futures are indicative of a contained open with Euro Stoxx 50 future +0.1% after the cash market closed +0.6% yesterday.
- FX markets are steady, DXY remains sub-1.02, EUR/USD and Cable sit on 1.09 and 1.24 handles respectively.
- Netflix beat on the bottom line but missed on subscriber additions and Q2...
18 Apr 2023, 11:25 by Newsquawk Desk
- European bourses are firmer across the board and were resilient to softer than expected ZEW numbers with earnings in full-focus.
- Stateside, futures are in the green with the NQ outperforming a touch as yields ease off highs while the broader focus is firmly on upcoming bank earnings.
- DXY pulls back below 102.00 with the AUD, after hawkish RBA minutes, leading broad USD-induced downside.
- USTs and EGBs feature a modest upward skew while Gilts...
18 Apr 2023, 06:50 by Newsquawk Desk
- APAC stocks traded mostly subdued and failed to benefit from the slew of data from China including stronger GDP.
- Chinese Y/Y GDP topped forecasts, IP and Fixed Asset Investments printed below expectations, Retail Sales surged by a double-digit percentage.
- European equity futures are indicative of a contained cash open, with Euro Stoxx 50 future +0.1% after the cash market closed -0.5% yesterday.
- DXY holds onto gains and the 102 handle,...
17 Apr 2023, 11:25 by Newsquawk Desk
- European bourses are mixed after initial tentative upside, with newsflow limited and specific catalysts light.
- Stateside, futures have been pivoting the unchanged mark throughout the APAC session and European morning ahead of earnings.
- DXY remains underpinned in fairly narrow parameters with peers generally contained though JPY lags.
- Fixed income remains bearish with yields rebounding but currently off best levels with action more evident at...
17 Apr 2023, 06:50 by Newsquawk Desk
- APAC stocks traded mostly higher albeit with gains capped in the absence of any major macro catalysts from over the weekend.
- European equity futures are indicative of a slightly firmer cash open, with Euro Stoxx 50 future +0.2% after the cash market closed +0.6% on Friday.
- DXY was steady overnight above 101.50, EUR/USD lingers below 1.10, Cable and USD/JPY sit on 1.24 and 134 handles respectively.
- US Treasury Secretary Yellen said bank...
14 Apr 2023, 14:45 by Newsquawk Desk
- MON: South Korean Trade Balance R (Mar), German Flash GDP (Q1).
- TUE: RBA Minutes, Chinese GDP (Q1)/ Retail Sales (Mar)/ Industrial Production (Mar), UK Jobs Report (Feb/Mar), US Building Permits (Mar), Canadian CPI (Mar).
- WED: UK Inflation (Mar), EZ Final CPI (Mar), New Zealand CPI (Q1).
- THU: PBoC LPR Announcement, Japanese Trade Balance (Mar), US Philly Fed (Apr).
- FRI: Japanese CPI (Mar), UK Retail Sales...
14 Apr 2023, 11:28 by Newsquawk Desk
- European bourses are almost entirely firmer, Euro Stoxx 50 +0.3%, with catalysts ex-earnings lights and the Stoxx 600 on track to see the week out with gains of circa. 1.5%.
- Stateside futures are tentative with a negative bias ahead of bank earnings; UNH +1.5% post-earnings.
- DXY remains below 101 but has eased off worst to the modest detriment of peers with action capped near peaks/big figures
- Fixed income spent the morning contained, but...
14 Apr 2023, 06:50 by Newsquawk Desk
- APAC stocks traded with modest and cautious gains with upside momentum somewhat waning in what was a catalyst-light session
- DXY printed fresh incremental YTD lows overnight of 100.78 as APAC players reacted to the latest batch of US data
- US House Republicans are considering a proposal that would kick the debate over the US debt limit to 2024, according to Bloomberg sources.
- European equity futures are indicative of a slightly firmer cash...
13 Apr 2023, 11:25 by Newsquawk Desk
- European bourses are somewhat mixed with heavyweight LVMH skewing performance to the upside, US futures slightly firmer
- DXY continues to retreat from NFP peaks with EUR near YTD best and GBP above 1.25
- EGBs and USTs continue to fade with only fleeting upside arising from well received Gilt supply
- ECB debate reportedly converging around 25bp for May, via Reuters; though some argue for 50bp or Unch.
- Commodities...
13 Apr 2023, 06:53 by Newsquawk Desk
- APAC stocks initially opened lower but eventually traded mixed as the region pondered over the latest US CPI report and Wall Street losses.
- FOMC Minutes suggested several participants noted they considered whether it would be appropriate to leave rates unchanged at the meeting.
- DXY traded on either side of 101.50 after finding support at yesterday's low of 101.44, EUR/USD failed to breach resistance 1.1000.
- European equity futures are...
12 Apr 2023, 11:30 by Newsquawk Desk
- European bourses and US futures are essentially unchanged despite brief geopolitical jitters ahead of US CPI.
- China intends to impose a no-fly zone near Taiwan on April 16th for a "falling object", initial guidance was reportedly for a three-day period.
- FX complex is contained with the DXY slightly softer amid mixed Fed speak, antipodeans and the EUR are marginally firmer.
- Debt continues to drift lower despite bouts of consolidation around...
12 Apr 2023, 06:51 by Newsquawk Desk
- APAC stocks saw a mixed session following a similar lead from Wall Street in the run-up to key risk events
- G10 FX pairs were mostly flat, whilst equity, bond, and crude futures traded horizontally in a pre-CPI lull
- European equity futures are indicative of a slightly softer open with the Eurostoxx 50 future -0.2% after cash markets closed +0.6% on Tuesday.
- ECB's Villeroy said we now face the risk of entrenched inflation, price growth has...
11 Apr 2023, 11:20 by Newsquawk Desk
- European bourses are mostly in the green continuing the positive APAC handover on their return to the market with newsflow otherwise limited.
- Stateside, futures are steady with a slight positive bias ahead of Fed speak before Wednesday's key events.
- DXY has lost payroll momentum to the benefit of peers particularly the CHF & EUR after initial AUD outperformance.
- EGBs slip in catch-up play but have lifted off of worst and USTs remain...
11 Apr 2023, 06:49 by Newsquawk Desk
- APAC stocks traded mostly higher following the recovery seen on Wall Street and as some major markets returned from the long weekend
- European equity futures gapped higher on the return from the Easter break and are indicative of a firmer cash open, with Euro Stoxx 50 +0.5%
- DXY traded subdued for most of the session, USD/JPY also saw choppy price action and AUD outperformed
- Bund futures gapped lower at the open but clambered off worst levels,...
06 Apr 2023, 12:11 by Newsquawk Desk
- MON: Easter Monday - US Markets Open, Japanese Trade Balance (Feb), EZ Sentix Index (Apr).
- TUE: IMF World Economic Outlook, EIA Short-Term Energy Outlook, Chinese Inflation (Mar), Norwegian CPI (Mar), EZ Retail Sales (Mar).
- WED: FOMC Minutes, BoC Announcement, US CPI (Mar).
- THU: OPEC Oil Market Report, Australian Jobs Report (Mar), Chinese Trade Balance (Mar), UK GDP Est. (Feb), US PPI (Mar).
- FRI: EIA Oil...
06 Apr 2023, 11:28 by Newsquawk Desk
- European bourses are incrementally firmer while US futures are slightly softer in tentative pre-Easter/NFP trade.
- APAC handover was softer though Chinese Caixin data stemmed the downside.
- DXY is firmer though off the 102.05 peak with antipodeans/petro-FX softer while CHF leads with peers otherwise contained.
- EGBs have continued the week's trend and spiked to fresh highs post-Construction PMIs, USTs little changed by...
06 Apr 2023, 06:50 by Newsquawk Desk
- APAC stocks were mostly subdued amid the soft Wall St handover, albeit with the downside stemmed by Chinese Caixin Services PMI.
- RBI kept the Repurchase Rate unchanged at 6.50% (exp. 25bps hike) via unanimous decision.
- European equity futures are indicative of a flat open with the Euro Stoxx 50 unchanged after the cash market closed down 0.4% on Wednesday.
- DXY sits just above 102, EUR/USD is back on a 1.08 handle, antipodeans lags across the...