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  • European bourses are hit following updates from Airbus and Merck; US futures mixed, with the NQ leading as NVDA (+2.2%) finds its footing
  • Dollar is flat, with G10 price action also lacklustre in catalyst-thin trade
  • Bonds are contained awaiting impetus from US data and a 2yr auction
  • Crude is modestly softer benefiting from Dollar price action, base metals are generally higher
  • Looking ahead, US Philly Fed...
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  • APAC stocks were mostly positive but with some of the gains capped following the tech underperformance on Wall Street.
  • Nvidia (-6.5%) suffered a third consecutive day of losses and was down 13% from its peak last week.
  • European equity futures indicate a weaker open with Euro Stoxx 50 future -0.3% after the cash market closed higher by 0.9% on Monday.
  • DXY is lacklustre with FX markets broadly contained, USD/JPY remains...
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  • Equities are entirely in the green, benefiting from a pick-up in sentiment in the European session
  • Dollar is softer, EUR is the G10 outperformer, but was initially pressured post-German Ifo, USD/JPY around 159.60
  • Bonds are mixed with USTs contained, whilst Bunds slip to session lows
  • Crude is incrementally firmer, XAU/base metals benefit from Dollar weakness
  • Looking ahead, US Dallas Fed Manufacturing Business...
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  • APAC stocks were predominantly subdued heading closer to month-end and US PCE data later in the week
  • DXY rangebound just below 106.00, G10 peers generally contained with JPY subject to fresh jawboning
  • Fixed income contained into today's German data and ECB speak; JGB futures softer
  • Crude lacklustre with specific lights and unreactive to Netanyahu's latest remarks
  • China and the EU have agreed to hold consultations on...
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  • MON: BoJ Summary of Opinions, German Ifo Survey (Jun), German Import Prices (May)
  • TUE: Japanese Services PPI (May), Canadian CPI (May), UK GDP (Q1)
  • WED: Australian CPI (May), German GfK Consumer Sentiment
  • THU: Biden/Trump debate on CNN, Riksbank Announcement, CBRT Announcement, CNB Announcement, European Council, Chinese Industrial Profits YTD (May), EZ Sentiment Survey (Jun), US GDP Final (Q1)
  • FRI: European...
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  • Equities are subdued amid a broader risk aversion following the downbeat EZ PMI data
  • France, Germany and the EZ-wide figure all reported lower-than-expected PMI data, which has led to outperformance in Bunds and slight pressure in the EUR
  • Dollar is incrementally firmer, USD/JPY went as high as 159.12 before paring back towards 158.80 following the European data
  • Crude is rangebound, base metals suffer from the subdued risk...
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  • APAC stocks were mostly rangebound with sentiment subdued after the lacklustre handover from Wall St where tech underperformed, and risk appetite was sapped.
  • DXY took a breather but held on to the prior day's spoils after strengthening on firmer yields despite soft data; USD/JPY briefly rose above 159.00.
  • 10-year UST futures remained lacklustre after weakening yesterday; Bund futures were kept afloat after rebounding from support near the 132.00...
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  • Equities in the green and Tech leads in Europe; NQ outperforms, lifted by pre-market gains in NVDA +2.7%
  • Dollar is firmer, CHF sinks after the SNB cut rates by 25bps, GBP slightly softer ahead of the BoE
  • Bonds are softer, Bunds initially lifted post-SNB but has since pared, French auction passes without issue
  • Crude is incrementally firmer, base metals gain amid a generally positive risk tone
  • Looking ahead, US IJC...
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  • APAC stocks were subdued in rangebound trade amid a lack of catalysts and following the US holiday lull.
  • European equity futures indicate a firmer open with Euro Stoxx 50 future up 0.3% after the cash market closed higher by 0.7% on Wednesday.
  • DXY is steady on a 105 handle with FX markets broadly contained, Cable holds above 1.27 ahead of the BoE announcement.
  • Bunds are lower, whilst crude markets are contained after WTI hit resistance...
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  • US stocks inched higher in rangebound trade, APAC stocks mainly positive with Hang Seng outperformance
  • European futures point to a contained open, after the cash market closed higher by circa. 0.7%
  • DXY contained after the deluge of Fed remarks, peers rangebound
  • Crude and spot gold largely sideways while base metals benefited from the constructive US tone
  • Israel's military said operational plans for an offensive in...
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  • European bourses are entirely in the green whilst US futures are mixed
  • Dollar is firmer, AUD gains post-RBA and USD/JPY holds above 158.00
  • Softer session for fixed thus far, Bunds initially boosted by ZEW but slipped on a poor German outing
  • Crude is slightly softer, hampered by the softer Dollar; XAU contained
  • Looking ahead, US Retail Sales & Industrial Production, NBH Policy Announcement, Comments from ECB’s...
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  • APAC stocks took impetus from the gains in the US where the S&P 500 and the Nasdaq notched record highs
  • DXY steady, AUD unreactive to RBA while the JPY was unphased by Ueda
  • RBA rate decision where the central bank kept rates unchanged and reiterated the Board remains resolute in its determination to return inflation to the target and it is not ruling anything in or out.
  • Fixed benchmarks nursed some of Monday's pressure but were largely...
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  • European bourses are mostly firmer paring some of Friday’s pronounced downside, US futures are trading tentatively
  • Dollar is flat, Antipodeans lag after weaker than expected Chinese industrial data
  • Bonds are subdued paring recent EU political-induced upside on Friday, as participants digest ECB sources which suggest that the Bank is in no rush to discuss a French bond rescue
  • Crude is flat in what has been a choppy session thus far, XAU/base...
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  • US stocks were mixed and the major indices finished off their worst levels seen early in the session alongside the broad risk-averse conditions
  • APAC stocks were mostly negative as markets reflected on the latest soft Chinese data releases; European futures point to a firmer open
  • DXY steady around 105.50, EUR/USD directionless & Cable below 1.27
  • EGBs eased back from Friday's marked rally; ECB sources report they are in no rush to discuss...
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  • MON: PBoC MLF, Chinese Activity Data (May), EZ Wages and Labour Costs (Q1)
  • TUE: RBA Announcement, NBH Announcement, EZ Final CPI (May), German ZEW Survey (Jun), US Retail Sales (May), Japanese Trade Balance (May)
  • WED: BoC Minutes, BCB Announcement, UK Inflation (May), New Zealand GDP (Q1)
  • THU: BoE Announcement, PBoC LPR Announcement, SNB Announcement & Press Conference, Norges Bank Announcement & Press Conference, German...
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  • European bourses are entirely in the red, with sentiment hampered by ongoing political angst in the EU; US futures are also lower, RTY underperforms
  • DXY is bid, benefitting from the subdued EUR which dips below 1.07 and a weak JPY post-BoJ
  • The BoJ kept rates unchanged but defied expectations for an immediate reduction of bond purchases, instead, it will decide on a specific bond-buying reduction plan at the next meeting
  • USTs are flat, EGBs...
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  • APAC stocks were mostly subdued after the mixed performance stateside where soft data took centre stage, while participants turned their attention to the BoJ policy announcement. 
  • The BoJ maintained rates as expected but defied expectations for an immediate reduction of bond purchases, instead, it will decide on a specific bond-buying reduction plan at the next meeting. 
  • Nikkei 225 recovered early losses, USD/JPY advanced to just shy of the 158.00 level,...
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  • Downbeat session for European equities whilst US futures are mixed, with NQ outperforming, propped up by pre-market gains in Tesla, Broadcom and Nvidia
  • Dollar is firmer, EUR continues to test 1.08 to the downside and the JPY is the marginal underperformer
  • Bonds are slightly softer as participants digest the FOMC & hawkish dot plots ahead of US PPI
  • Crude is on the backfoot, XAU and base metals both lower as the Dollar continues to recoup...
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  • APAC stocks were somewhat mixed following the key developments stateside where the S&P 500 and Nasdaq extended to fresh record levels following the softer-than-expected US CPI but despite the hawkish Fed dot plots. 
  • Fed kept rates unchanged at 5.25-5.50%, as expected with the vote unanimous, while the statement noted there has been modest (prev. a lack of) further progress towards the 2% inflation objective.
  • Fed’s updated dot plots now signal only one rate...
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  • European bourses are modestly firmer, trimming this week’s recent losses; price action tentative ahead of today’s US CPI and FOMC
  • DXY is flat, G10s modestly gain vs the Dollar though the JPY dips slightly
  • USTs are flat and at highs, Bunds/Gilts both move higher with the latter also factoring in the in-line GDP metrics, with focus on the soft Construction figures
  • Crude is at highs amid ongoing geopolitical escalations, XAU flat while base...
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  • APAC stocks were mostly subdued after the mixed handover from US peers as markets braced for the incoming US CPI data and the FOMC announcement.
  • Chinese inflation data saw softer-than-expected CPI and a narrower deflation in factory gate prices but with little follow-through to markets.
  • Israel said it received the Hamas response to the ceasefire proposal via mediators and that Hamas changed the proposal's main parameters.
  • Fitch Ratings said...
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  • Equities are modestly in the red, in a continuation of the downbeat mood seen in APAC trade overnight
  • Dollar is incrementally firmer, EUR continues to slip and GBP is slightly softer following the UK’s job data which saw an unexpected uptick in the unemployment rate
  • Bonds are in the green, attempting to recoup post-NFP losses, OATs remain pressured and Gilts outperform taking a bid after a record Gilt sale
  • Crude is slightly softer, XAU is...
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  • APAC stocks traded with a negative bias after the choppy performance stateside; S&P 500 and Nasdaq notched fresh record closes. 
  • Apple closed down 1.9% after its WWDC event failed to ignite enthusiasm; announced an integration of ChatGPT.
  • European equity futures indicate a mildly positive open with Euro Stoxx 50 futures up 0.2% after the cash market closed down 0.7% on Monday.
  • DXY is holding above the 105 mark, with FX...
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  • European bourses are entirely in the red, with sentiment hit amid political uncertainty in Europe whereby the centre-right strengthened its majority although the far-right made gains; US equity futures are marginally softer, with the RTY underperforming
  • Dollar is firmer in a continuation of post-NFP strength, EUR is hampered by political uncertainty
  • USTs are flat and resilient to the downbeat mood in European peers; OATs underperform after French President Macron...
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  • APAC stocks began mixed in what was a holiday-thinned start to the week with markets in Australia, China, Hong Kong and Taiwan all closed.
  • EUR slides as results in the European Parliament elections prompted Macron to dissolve the French parliament and announce a snap election.
  • European equity futures declined with the Euro Stoxx 50 future down 0.4% after the cash market also closed lower by 0.4% on Friday.
  • Israeli minister Gantz...
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