12 Aug 2022, 13:49 by Newsquawk Desk
- MON: BoC Loan Officer Survey; Japanese GDP (Q2), Chinese Retail Sales & Industrial Output/Production (Jul), US NY Fed Manufacturing (Aug), NAHB Housing Market Index (Aug)
- TUE: RBA Minutes (Aug); UK Unemployment (Jun) & Claimant Count/HMRC (Jul), Indian WPI (Jul), German ZEW (Aug), Canadian Housing Starts (Jul), US Building Permits/Housing Starts (Jul), Canadian CPI (Jul), US Industrial Production/Manufacturing Output (Jul)
- WED: FOMC Minutes (Jul),...
12 Aug 2022, 11:40 by Newsquawk Desk
- European bourses are firmer, but action has been relatively contained with newsflow slim, Euro Stoxx 50 +0.2%; however, benchmarks waned alongside US futures following China ADS updates.
- Currently, ES +0.4% but similarly off best levels amid Chinese stocks announcing intentions to delist their ADSs and reports via BBG that Germany is being looked at as a banking base.
- DXY continues to recover to the modest detriment of peers, though non-US Dollars are relatively...
12 Aug 2022, 06:50 by Newsquawk Desk
- APAC stocks were mixed following a similar indecisive lead from Wall Street; SPX -0.07%, NDX -0.65%.
- European equity futures are indicative of a flat open with the Euro Stoxx 50 future Unch. after the cash market closed higher by 0.2% yesterday.
- DXY maintains 105 status, NZD leads G10 FX whilst JPY lags, EUR/USD sits on a 1.03 handle.
- Crude marginally softened overnight after Brent and WTI encountered resistance at USD 100/bbl and USD 95/bbl...
11 Aug 2022, 11:25 by Newsquawk Desk
- European bourses are little changed overall after a modestly firmer open failed to gain much traction with newsflow limited, Euro Stoxx 50 +0.1%.
- Stateside, performance is very similar though futures are faring incrementally better, ES +0.2% and the NQ +0.4% remains the relative outperformer.
- DXY is back on a softer footing, below 105.00, with peers firmer though magnitudes vary
- Core benchmarks are under modest pressure but remain above the...
11 Aug 2022, 06:50 by Newsquawk Desk
- APAC stocks took impetus from their global counterparts after softer-than-expected US CPI propelled stocks on Wall St (S&P 500 +2.1%)
- European equity futures are indicative of a marginally higher open with the Euro Stoxx 50 future +0.4% after the cash market closed higher by 0.9% yesterday
- DXY has clawed back some of its post-CPI losses, EUR/USD is back on a 1.02 handle, JPY lags G10 FX
- Fed's Daly and Kashkari suggested it is...
10 Aug 2022, 11:35 by Newsquawk Desk
- European bourses are mixed and near the unchanged mark overall, Euro Stoxx 50 +0.1%,, after a softer open following a downbeat APAC/Wall St. handover.
- Stateside, futures have lifted off initial lows but reman in proximity to unchanged levels pre-CPI, ES +0.2%.
- DXY has eased but remains in narrow ranges to the modest benefit of peers; Yuan initially softer on below-exp. Chinese CPI
- A decisive move higher in EGBs/USTs without fresh catalyst or...
10 Aug 2022, 06:50 by Newsquawk Desk
- APAC stocks were mostly subdued following the weak handover from the US where tech stocks were pressured; SPX -0.40%, NDX -1.15%.
- Chinese inflation metrics fell short of expectations with Y/Y PPI hitting a 17-month low.
- European equity futures are indicative of a marginally softer open with the Euro Stoxx 50 future -0.2% after the cash market closed lower by 1.0% yesterday.
- G10 FX was rangebound ahead of US CPI, EUR/USD sits on a...
09 Aug 2022, 11:40 by Newsquawk Desk
- European bourses are under modest pressure, Euro Stoxx 50 -0.5%, but remain relatively rangebound and lack conviction with catalysts thin.
- Stateside performance has been similar though NQ -0.4% has come under pressure amid a Q4 guidance update from Micron (MU), -5% pre-mkt
- DXY briefly lost 106.00 with modest upside seen in peers across the board
- GBP initially dented on BoE's Ramsden, with associated Gilt and broader debt upside relatively...
09 Aug 2022, 06:50 by Newsquawk Desk
- APAC stocks eventually traded mostly higher following a tentative lead from the US (S&P 500 -0.1%).
- Taiwan began a live-fire artillery drill simulating defence against an attack by China, according to AFP.
- European equity futures are indicative of a marginally softer open with the Euro Stoxx 50 future -0.2% after the cash market closed higher by 1.0% yesterday.
- G10 FX is contained with the USD steady, EUR/USD eyeing 1.02 to the upside,...
08 Aug 2022, 11:30 by Newsquawk Desk
- European bourses are firmer across the board after shrugging off mixed APAC trade, Euro Stoxx 50 +0.8%.
- Similar directional performance in US futures, though magnitudes are more contained amid limited newsflow with little scheduled ahead, ES +0.3%.
- APAC trade was torn between strong Chinese trade data and hawkish Fed repricing post-NFP
- DXY has pulled back from Friday's peaks to the modest benefit of peers while core Fixed experience similar...
08 Aug 2022, 06:50 by Newsquawk Desk
- APAC stocks traded mixed with price action choppy as participants reflected on encouraging Chinese trade data and hawkish Fed repricing.
- European equity futures are indicative of a higher open with the Euro Stoxx 50 future +0.6% after the cash market closed with losses of 0.8% on Friday.
- Fed’s Bowman (voter) said the Fed should consider more 75bps rate hikes at coming meetings.
- DXY is contained after Friday's gains, AUD outperforms G10 FX,...
05 Aug 2022, 15:04 by Newsquawk Desk
- MON: Swiss Unemployment (Jul), EZ Sentix (Aug), US Employment Trends (Jul).
- TUE: EIA STEO; Australian Consumer Sentiment (Aug), US NFIB (Jul).
- WED: Chinese CPI & PPI (Jul), German CPI Final (Jul), Norwegian CPI (Jul), Turkish Unemployment (Jun), US CPI (Jul), Chinese M2 (Jul).
- THU: OPEC MOMR, IEA OMR, Banxico Policy Announcement, Japanese Mountain Day; Swedish Unemployment (Jul), US IJC (w/e Aug 1st), US PPI Final Demand (Jul),...
05 Aug 2022, 11:45 by Newsquawk Desk
- European bourses are under modest pressure in wake of China taking countermeasures against "Pelosi's invasion of Taiwan", Euro Stoxx 50 -0.4%.
- However, performance is fairly contained overall as we await the key US Labour Market print (newsquawk preview available) before next week's CPI.
- DXY is firmer on the China update with activity currencies pressured and havens deriving modest upside.
- Core debt is relatively steady with a modest...
05 Aug 2022, 06:49 by Newsquawk Desk
- APAC stocks traded mostly positive but with gains capped amid geopolitical and growth slowdown concerns
- European equity futures are indicative of a higher open with the Euro Stoxx 50 future +0.2% after the cash market closed up 0.6% yesterday
- DXY is firmer but sub-106, EUR/USD stalled near resistance at 1.0250, JPY lags G10 FX and GBP stabilised post-BoE
- RBI hiked the Repurchase Rate by 50bps to 5.40% (exp. hike of 25bps-50bps); further...
04 Aug 2022, 11:40 by Newsquawk Desk
- European bourses are firmer across the board, Euro Stoxx 50 +0.9%, with the general tone constructive though the FTSE 100 lags pre-BoE amid GBP strength.
- US futures have lifted from initial rangebound action, ES +0.3%, with specific newsflow limited pre-data/Fed speak.
- DXY subdued with peers generally bid though CAD is pressured amid crude consolidation while JPY is the G10 laggard thus far.
- Core consolidation after recent rampant upward...
04 Aug 2022, 06:50 by Newsquawk Desk
- APAC stocks were firmer as the positive momentum rolled over from global peers (S&P 500 +1.56%, NDX +2.73%)
- European equity futures are indicative of a higher open with the Euro Stoxx 50 future +0.2% after the cash market closed up 1.3% yesterday.
- FX markets are relatively contained with the DXY marginally softer, antipodeans outpace peers, GBP steady ahead of BoE.
- Looking ahead, highlights include EZ & UK Construction PMI, US...
03 Aug 2022, 11:40 by Newsquawk Desk
- European bourses are mixed but with a modest positive underlying bias emerging as the session progresses ahead of key risk events, Euro Stoxx 50 +0.4%
- Stateside, futures are firmer across the board, ES +0.4%, moving directionally with their European peers and eyeing US/China/Taiwan, ISM Services and Fed speak
- For FX, the DXY remains in proximity to the trough of 106.00 with peers modestly bid across the board ex-CHF
- Benchmarks have been...
03 Aug 2022, 06:50 by Newsquawk Desk
- APAC stocks were mostly kept afloat following US House Speaker Pelosi’s safe arrival in Taiwan but upside was capped by China's response.
- 21 PLA jets entered Taiwan's ADIZ, while Chinese battery giant CATL is reportedly pausing its North American battery plant announcement.
- European equity futures are indicative of a softer open with the Euro Stoxx 50 future -0.2% after the cash market closed down 0.6% yesterday.
- DXY is softer but...
02 Aug 2022, 11:30 by Newsquawk Desk
- European bourses are pressured as the general tone remains tentative ahead of Pelosi's visit to Taiwan, Euro Stoxx 50 -0.9%; note, FTSE 100 -0.1% notably outperforms following earnings from BP +3.0%.
- Stateside, futures are similarly downbeat and have been drifting lower amid the incremental updates to Pelosi and her possible Taiwan arrival time of circa. 14:30BST/09:30ET; ES -1.0%.
- DXY lifts as activity currencies wane on the above risk tone alongside JPY extending...
02 Aug 2022, 06:50 by Newsquawk Desk
- APAC stocks followed suit to the weak performance across global counterparts as tensions simmered amid Pelosi's potential visit to Taiwan.
- European equity futures are indicative of a softer open with the Euro Stoxx 50 future -0.5% after the cash market closed flat yesterday.
- RBA hiked rates by 50bps as expected, provided little in the way of hawkish surprises in the statement and noted it was not on a pre-set path.
- DXY is a touch softer...
01 Aug 2022, 11:40 by Newsquawk Desk
- European bourses remain firmer across the board, Euro Stoxx 50 +0.4%, as the region shrugs-off Final Manufacturing PMIs and a mixed APAC handover
- US futures are under pressure in a continuation of downbeat APAC trade amid poor Chinese PMIs and with multiple key risk events looming for the week, ES -0.2%
- DXY continues to slip as activity-currencies climb with RBA due Tuesday and the JPY revival resilient; Yuan hit on respective PMIs
- Core debt...
01 Aug 2022, 06:50 by Newsquawk Desk
- US equities finished higher on Friday in which stocks rallied to end the week which contributed to the S&P 500's best month since November of 2020
- APAC stocks traded somewhat mixed as momentum from last week’s earnings-inspired euphoria on Wall St was partially offset by disappointing Chinese PMI data
- DXY continued to soften despite the recent suggestions by Fed’s Kashkari that markets have gotten ahead of themselves regarding views for a cut to interest rates...
29 Jul 2022, 14:30 by Newsquawk Desk
- MON: CBR Monetary Policy Report; Chinese Caixin Manufacturing PMI (Jul), Australian, EZ, UK & US Final Manufacturing PMI (Jul), German Retail Sales (Jun), US ISM Manufacturing PMI (Jul).
- TUE: RBA Policy Announcement, Canadian Civic Day; South Korean CPI (Jul), Canadian Manufacturing PMI (Jul), US JOLTS (Jun), New Zealand HLFS Unemployment (Q2).
- WED: BCB Policy Announcement; Australian, EZ, UK & US Final Composite/Services PMI (Jul), Swiss CPI (Jul),...
29 Jul 2022, 11:40 by Newsquawk Desk
- European bourses are firmer across the board, Euro Stoxx 50 +0.9%, and are set to post their best monthly performance since Nov'20.
- NQ continues to outperform, +1.2%, amid after-market earnings from AMZN and AAPL
- DXY attempts to recoup from JPY-induced pressure after USD/JPY dropped to 132.50; EUR fades despite hot-CPI and strong GDP data
- Crude is bid while TTF relinquishes EUR 200 mark; Saudi-Russia talks and Lavrov looking into a call with...
29 Jul 2022, 06:50 by Newsquawk Desk
- After the bell, US equity futures saw another leg higher as Amazon soared over 13.5% and Apple rose some 3% after earnings.
- APAC stocks traded mixed with China lagging. European equity futures indicate a firmer open.
- In FX, USD/JPY again experienced bouts of selling as it breached key levels, as a result DXY fell under 106.00.
- Senior US admin official said US President Biden and China's President Xi discussed a face-to-face...