04 Nov 2022, 06:50 by Newsquawk Desk
- APAC stocks were mixed with Chinese stocks rallying on unverified reopening rumours, although the rest of the region was contained
- DXY retreated beneath the 113.00 level, EUR/USD rebounded as the dollar eased overnight, USD/JPY was choppy around 148.00
- US audit inspectors finished on-site China work ahead of schedule, according to Bloomberg
- UK Chancellor Hunt is mulling an increase in the headline rate of Capital Gains Tax, according to The...
03 Nov 2022, 10:36 by Newsquawk Desk
- European bourses are subdued across the board, Euro Stoxx 50 -0.8%, as the post-Powell pressure reverberates across from APAC trade.
- Stateside, futures are lower across the board though only marginally so with a busy session ahead incl. BoE and ISM Services PMI; ES -0.3%, NQ -0.3%.
- USD continues to rise to the detriment of peers across the board following the FOMC/Powell-presser; DXY to a 112.98 peak from a 111.81 base.
- NOK has been impaired...
03 Nov 2022, 06:50 by Newsquawk Desk
- US stocks ultimately suffered notable losses after markets saw a dovish reaction to the Fed statement but a hawkish one during Powell’s presser
- FOMC hiked rates by 75bps as expected and noted the Fed will take into account "the cumulative tightening of monetary policy, the lags with which monetary policy affects economic activity and inflation, and economic and financial developments"
- Fed Chair Powell during the presser suggested they still have some ways to go...
02 Nov 2022, 10:36 by Newsquawk Desk
- European bourses are mixed as the initial positive bias faded amid downward PMI revisions and increasing geopolitical tensions
- US futures similarly contained and less reactive to the above factors pre-FOMC
- DXY under modest pressure to the benefit of G10 peers with antipodeans and JPY outpacing, EGBs/USTs contained with a slight negative bias
- Crude benchmarks have given up their USD and China induced APAC upside amid downbeat commentary from...
02 Nov 2022, 06:48 by Newsquawk Desk
- APAC stocks were mixed with the region cautious after the lacklustre handover from the US ahead of the FOMC
- DXY slightly softened after the choppy performance yesterday, EUR/USD traded marginally higher, USD/JPY retreated overnight
- North Korea reportedly fired at least 10 missiles from the east and west coasts; South Korea launched air-to-ground missiles which were fired towards the north of the maritime border
- China locked down the area...
01 Nov 2022, 10:41 by Newsquawk Desk
- European bourses are firmer across the board with commodity stocks leading the way on the overnight China COVID rumours.
- Stateside, futures are similarly supported though magnitudes a touch more contained ES +0.8%; NQ outperforms as global yields pullback.
- Unconfirmed reports that a Chinese committee is being formed to assess how to exit COVID Zero; however, this was subject to push back
- USD pressured as risk rebounds and yields retreat,...
01 Nov 2022, 06:50 by Newsquawk Desk
- APAC stocks traded firmer as risk appetite improved following a decline on Wall Street; ES +0.6%
- DXY softened amid the improved risk appetite and as yields took a breather from recent gains, G10s were firmer across the board
- AUD/USD pared some of its gains after the RBA stuck to a 25bps hike and refrained from any major hawkish surprises
- China’s Zhengzhou region said that the city will lift the temporary control for COVID-19 low-risk regions...
31 Oct 2022, 10:36 by Newsquawk Desk
- European bourses began the week modestly firmer, though this proved shortlived and the complex has pivoted to being mixed overall in-fitting with the APAC handover
- Stateside, futures are under more pressure, ES -0.5% as yields pickup a touch, NQ -0.7% lags slightly as such
- USD is bolstered by the general risk tone, Yuan pressure post-PMIs and the latest piece from WSJ's Timiraos; DXY to a 111.20+ peak
- Core fixed benchmarks pressured with...
31 Oct 2022, 06:50 by Newsquawk Desk
- APAC stocks traded mostly positively following last Friday’s rally on Wall St although gains were capped by Chinese PMIs and COVID woes ahead of FOMC and US NFP this week
- DXY was rangebound below 111.00, USD/JPY advanced at the Tokyo open and briefly reclaimed the 148.00 handle, Antipodeans were kept afloat amid the mostly positive risk tone
- Russia announced it is suspending the UN-brokered grain agreement with Ukraine; wheat futures rallied over 5% in the early...
28 Oct 2022, 14:18 by Newsquawk Desk
- MON: Chinese Official PMI (Oct), German Retail Sales (Sep), EZ Flash CPI (Oct) and Flash GDP (Q3), US Chicago PMI (Oct).
- TUE: RBA Policy Announcement, RBNZ Financial Stability Report; Japanese JibunBK Manufacturing PMI Final (Oct), Chinese Caixin Manufacturing PMI Final (Oct), UK & US Manufacturing PMI Final (Oct), US ISM Manufacturing PMI (Oct), JOLTS (Sep), New Zealand Unemployment (Q3).
- WED: FOMC Policy Announcement, BoJ Minutes (Sep); German...
28 Oct 2022, 11:25 by Newsquawk Desk
- European bourses are pressured across the board, Euro Stoxx 50 -0.9%, deriving direction from downbeat APAC and US after-market trade.
- Stateside, the NQ -1.3% is the clear underperformer amid pressure from after-market earnings; AMZN -13%
- DXY extends recovery gains to probe 111.000 and this time thanks in large part to the Yen; EUR cushioned by inflation prints
- EGBs are under broad pressure as ECB speakers come out in full hawkish force...
28 Oct 2022, 06:50 by Newsquawk Desk
- APAC stocks traded mostly lower but off worst levels following a mixed lead from the US
- Amazon shares initially slumped around 20% following disappointing earnings, Apple earnings were ultimately better-received
- ECB rate hike was not unanimous, three officials wanted only a 50bp move, and the ECB did not mean to imply slower hiking with the "progress" remark, according to Bloomberg sources.
- BoJ maintained its policy settings and reiterated...
27 Oct 2022, 11:25 by Newsquawk Desk
- European bourses are under modest pressure, Euro Stoxx 50 -0.5%, with the region digesting earnings and largely just awaiting the ECB
- FTSE 100 is the relative outperformer post-Shell while US futures are mixed & META is hampered after earnings, -20% pre-market
- DXY tops 110.00 vs bottom near 109.500 with EUR and GBP both fading from initial peaks in turn
- Core debt has slipped from a brief mid-week recovery with yields elevated as such,...
27 Oct 2022, 06:45 by Newsquawk Desk
- APAC stocks traded mixed following a similar lead from Wall Street and amid a lack of fresh fundamental drivers overnight
- DXY edged high, USD/JPY tested 146 to the downside, and the Yuan pared back some recent gains
- UK PM Sunak is reconsidering tax rises as an improving economic picture means the PM is examining whether some of the sweeping measures can be watered down, according to The Telegraph
- European equity futures saw modest losses...
26 Oct 2022, 11:35 by Newsquawk Desk
- European bourses are mixed and yet to make much ground either side of the unchanged mark, amid numerous European updates and the US tech headwind.
- Stateside, the NQ -1.7% is weighed on by GOOGL and MSFT post-earnings and ahead of further large-cap updates including META after-hours.
- DXY is under pressure and back below the 110.00 mark as Cable reclaims 1.16 and EUR/USD finds a foothold above parity.
- Commodities are buoyed across the board...
26 Oct 2022, 06:50 by Newsquawk Desk
- APAC stocks traded higher across the board following the positive lead from Wall Street; China outperformed
- US equity futures were mixed overnight with the NQ underperforming after Microsoft and Alphabet both fell 6.7% after-market following earnings
- Major Chinese state-owned banks sold USD in both onshore and offshore markets in late trade on Tuesday to prop up the weakening yuan, according to Reuters sources
- UK PM Sunak is reportedly...
25 Oct 2022, 11:35 by Newsquawk Desk
- European bourses are on the backfoot despite a firmer open as participants digest numerous heavyweight earnings and the latest Ifo ahead of key US prints
- US futures in-fitting directionally ahead of numerous key releases, including Alphabet & Microsoft
- DXY remains in proximity to 112.00, though off best, as Cable reclaims 1.13 while EUR shrugs off the Ifo
- Yuan saw pronounced action amid the weakest fix since 2008 and the regulator...
25 Oct 2022, 06:50 by Newsquawk Desk
- APAC stocks eventually traded mostly higher following a firm lead from Wall Street; Chinese stocks experienced a choppy session
- DXY traded under 112.00, USD/JPY was relatively stable, CNH weakened on the PBoC fixing
- South Korean President Yoon said North Korea has completed preparations for a seventh nuclear test
- Sky News sources suggest Jeremy Hunt is to remain UK Chancellor, while Penny Mordaunt wants the Foreign Secretary...
24 Oct 2022, 11:35 by Newsquawk Desk
- Equities are firmer in Europe and back to flat for US futures, as mixed APAC trade and PMI pressure eases a touch
- USD has regrouped from Friday's dovish-downside though GBP outperforms while JPY has eased from best following pronounced APAC action
- Bonds back off after early EU buying frenzy; with Gilts leading the way as the prospect of Sunak becoming the UK PM increases significantly
- Commodities clipped, but off worst, as the USD regains...
24 Oct 2022, 06:50 by Newsquawk Desk
- APAC stocks traded mixed, Hong Kong underperformed and its tech stocks slumped
- Chinese President Xi secured a third term as CCP leader as expected; the delayed Chinese economic data was released
- In FX, DXY reclaimed a 112.00 handle, Japan is touted to have intervened in FX markets on Monday, GBP outperformed
- UK former PM Boris Johnson has pulled out of the Conservative Party leadership contest
- North Korea and South...
21 Oct 2022, 13:19 by Newsquawk Desk
- MON: EZ/UK/US Flash PMIs (Oct)
- TUE: NBH Announcement, German Ifo Survey (Oct), US CaseShiller (Oct)
- WED: BoC Announcement, BCB Announcement, Australian CPI (Q3), US Adv Goods Trade Balance
- THU: ECB Announcement, South Korean GDP (Q3), German GfK Consumer Sentiment (Oct), German Flash CPI (Oct), US GDP Adv (Q3) and PCE (Q3)
- FRI: CBR Announcement, BoJ Announcement, Japanese Jobs Report (Q3), Australian PPI...
21 Oct 2022, 11:35 by Newsquawk Desk
- Equities began the session on the backfoot and have extended to the downside, with the NQ lagging stateside post-SNAP.
- SNAP -25% in the pre-market; TWTR -8%, with the US reportedly to review Musk's deal
- USD continues to climb with the index above 113.50 at best while USD/JPY tests 151.00 and Cable near 1.11
- Debt has extended on initial downbeat performance amid Germany approving the debt brakes suspension; UK 10yr back above...
21 Oct 2022, 06:50 by Newsquawk Desk
- APAC stocks traded cautiously with the region lacking firm direction following the weak lead from Wall Street (S&P -0.8%).
- European equity futures are indicative of a lower open with the Euro Stoxx 50 future -1.0% after the cash market closed with gains of 0.6% yesterday.
- DXY reclaimed 113, cable is back below 1.12, USD/JPY remains on a 150 handle, NZD lags.
- US government is reportedly mulling a security review regarding Elon Musk's deal...
20 Oct 2022, 11:30 by Newsquawk Desk
- European cash bourses trade mixed with the breadth of the market narrow, US futures softer though off lows and varied
- TSLA -5.0% in the pre-market post-earnings; in Europe, Ericsson and Nokia hit on margins
- Pound pressured alongside PM Truss and after BoE's Broadbent, USD/JPY through 150.00 while DXY slips from 113.00
- Debt remains depressed though notably off worst levels after dovish remarks from BoE's Broadbent, yields bid but have...
20 Oct 2022, 06:50 by Newsquawk Desk
- APAC stocks were pressured following the weak handover from Wall Street (S&P 500 -0.7%). Tesla was lower by 6.3% post-earnings after-hours.
- China is reportedly mulling cutting inbound quarantine to 7 days from 10 days, according to Bloomberg.
- European equity futures are indicative of a lower open with the Euro Stoxx 50 future -0.3% after the cash market closed with gains of 0.2% yesterday.
- DXY has pulled back below 113,...