10 Nov 2022, 11:25 by Newsquawk Desk
- Major European bourses mostly hold a downward bias following weak handovers from Wall Street and then APAC; US futures are flat
- In FX, DXY found a base just above 110.00 before making its way to 111.00; GBP outperforms and the EUR lags
- Fed’s Kashkari said any talk of a pivot is premature and added that they will do what is needed to bring inflation back down
- FTX is seeking emergency funding to meet withdrawal requests and without funding...
10 Nov 2022, 06:49 by Newsquawk Desk
- APAC stocks traded negatively as the region followed suit to the losses stateside which were prompted by crypto concerns and a stronger USD.
- European equity futures were subdued with Eurostoxx 50 futures lower by 0.6% after the cash market closed down 0.3% yesterday.
- DXY is softer but on a 110 handle, EUR/USD trades above parity, Cable lingers around 1.14.
- Binance walked away from the FTX deal due to diligence and reports on the mishandling...
09 Nov 2022, 11:25 by Newsquawk Desk
- Major bourses in Europe hold a downside bias after seeing some choppiness at the cash open and following a mixed APAC handover; US futures are also softer
- US Midterm Elections are mostly as expected so far with GOP's leading the House while the Senate is seen as a toss-up; there was very little market reaction in response to the mid-terms overnight
- DXY attempts to nurse some recent losses and trades on either side of 110.00 whilst the GBP and NZD...
09 Nov 2022, 06:44 by Newsquawk Desk
- US Midterm Elections are mostly as expected so far with GOP's leading the House while the Senate is seen as a toss-up.
- There has been very little market reaction in response to the mid-terms with the Dollar, US indices and T-notes all contained.
- European equity futures were subdued with Eurostoxx 50 futures down 0.4% after the cash market closed up 0.8% yesterday.
- DXY is marginally firmer vs. peers, EUR/USD is contained above parity,...
08 Nov 2022, 11:17 by Newsquawk Desk
- Major bourses in Europe portray a mixed picture with no clear conviction seen heading into the US mid-term elections, US equity futures post mild gains but with price action contained
- DXY gleaned some traction across the board amidst a firmer rebound in Treasury yields, renewed weakness in the Yuan and general consolidation ahead of impending risk events
- US Treasuries were first off the block in terms of paring more losses from worst levels to turn marginally...
08 Nov 2022, 06:50 by Newsquawk Desk
- APAC stocks were mixed as the region only partially sustained the early momentum seen following the positive handover from Wall St.
- European equity futures are contained with Eurostoxx 50 futures up 0.1% after the cash market closed up 0.6% yesterday.
- DXY is a touch firmer and on a 110 handle, EUR/USD lingers around parity, Cable is back below 1.15.
- UK PM Sunak is expected to increase pensions and benefits in line with inflation, according...
07 Nov 2022, 11:24 by Newsquawk Desk
- Major bourses in Europe kicked off the session with mild losses across the board, but have since moved firmly into the green amid China-COVID focus
- Amidst this, the DXY has faded significantly from an initial rebound to 111.28 highs; currently, holding around 110.30 to the mixed benefit of peers
- Core counterparts have spent the morning under pressure amid the increasingly constructive risk tone; however, this has eased and USTs are now essentially...
07 Nov 2022, 06:50 by Newsquawk Desk
- APAC stocks mostly gained as investors continued to pile on the reopening bets despite China 'unswervingly' maintaining its COVID approach, while the region also shrugged off disappointing Chinese trade data
- DXY began with early gains and rose back above 111.00 amid the initial risk aversion; G10s were lower and Antipodeans underperformed
- China’s health commission spokesman said China will not waver in preventing a COVID rebound and in the dynamic clearing of cases...
04 Nov 2022, 13:32 by Newsquawk Desk
- MON: Eurogroup; Chinese Trade Balance (Oct), Swiss Unemployment (Oct), EZ Sentix (Nov), US Employment Trends (Oct), Australian Consumer Sentiment (Nov).
- TUE: US Midterms, CBR Policy Announcement, BoJ SOO (Oct), EIA STEO; EZ Retail Sales (Sep), US NFIB (Oct).
- WED: NBP Policy Announcement; Chinese CPI (Oct).
- THU: Banxico Policy Announcements; Norwegian CPI (Oct), US CPI (Oct), IJC (w/e 31st Oct), New Zealand Manufacturing PMI (Oct),...
04 Nov 2022, 10:44 by Newsquawk Desk
- European bourses are firmer across the board as the complex benefits from further rumours around an easing of China's COVID policy, Euro Stoxx 50 +1.4%
- Stateside, futures are firmer across the board with magnitudes a touch more contained vs Europe pre-NFP
- DXY has pulled back from overnight peaks, where it tested but failed to attain 113.00, Antipodeans & Yuan outperform
- Core fixed benchmarks are little changed overall with USTs...
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...