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...
28 Jul 2022, 11:52 by Newsquawk Desk
- European bourses are modestly softer, Euro Stoxx 50 -0.10%, but relatively contained now after fading initial gains from the FOMC-inspired upside
- US futures are relatively stable but continue to post modest losses with the NQ -0.7% lagging amid pre-market downside in Meta post-earnings, -6.0%.
- USD is firmer on the session but pulling back from recent ranges to the modest benefit of peers while JPY extends on potentially reduced policy...
28 Jul 2022, 06:50 by Newsquawk Desk
- The FOMC hiked by 75bps to 2.25-2.50%, as expected, taking rates back to neutral for the first time since 2019.
- A dovish reaction was seen across markets with Chair Powell signalling a meeting-by-meeting data-dependant approach going forward.
- US equity futures were subdued overnight as Meta fell 4.7%; Europe is set for a firmer open following Wall Street’s late rally.
- In FX, JPY was the clear outperformer with JPY-pairs breaching...
27 Jul 2022, 11:45 by Newsquawk Desk
- European bourses are firmer across the board continuing the MSFT & GOOG driven early APAC action amidst numerous European earnings
- US futures are firmer across the board though the NQ +1.4% outperforms amid those after-market developments though participants are looking to the FOMC
- Dutch TTF Aug’22 is the standout commodity mover, amid a reduction in physical flows through Nord Stream 1; thus far, TTF has printed a high of EUR...
27 Jul 2022, 06:50 by Newsquawk Desk
- US equity futures were lifted after the bell as Alphabet’s advertising topped forecasts, whilst Microsoft initially fell on downbeat metrics but reversed course on guidance
- APAC stocks eventually traded mixed following a mostly subdued session. Eurostoxx 50 future is up 0.3% after the cash market closed lower by 0.8% yesterday.
- DXY took a breather from yesterday's run, EUR/USD posted mild gains, AUD/USD fell on Aussie CPI
- US...
26 Jul 2022, 11:40 by Newsquawk Desk
- European bourses and US futures spent much of the morning under modest pressure, with the US in particular fairly rangebound pre-earnings & Wednesday's FOMC.
- However, further pressure has been seen in wake of the most recent Kremlin-related commentary, with the Nord Stream 1 turbine yet to be installed.
- Dutch TTF & Crude benchmarks bid ahead of further Nord Stream 1 curtailments, though, the upside waned as the EU agrees on an emergency energy deal for the...
26 Jul 2022, 06:50 by Newsquawk Desk
- APAC stocks eventually traded mostly higher; Hang Seng outperformed as Alibaba seeks a primary HK listing.
- DXY declined heading into the Chinese cash open but then trimmed losses, EUR/USD saw resistance at 1.0250.
- Crude futures gained overnight amid a pullback in the Dollar, spot gold was flat and base metals rose.
- Walmart tumbled almost 10% after it issued a profit warning, Amazon fell in sympathy but later announced Prime subscription...
25 Jul 2022, 11:35 by Newsquawk Desk
- European bourses are firmer across the board as the initially cautious tone amid soft-Ifo and weekend developments dissipated amid USD-downside and constructive Kremlin remarks
- US futures also modestly bid into the busiest Q2 earnings week and pre-FOMC
- USD is under pressure on the risk tone with EUR underpinned by Kazaks despite Ifo while antipodeans lead the way
- Core debt has seen pronounced two-way action amid the above factors; currently,...
25 Jul 2022, 06:46 by Newsquawk Desk
- APAC stocks traded mostly lower; China’s property stocks and bonds rallied on reports of a potential real estate fund.
- DXY initially firmed before pulling back, EUR/USD traded on either side of 1.0200, and the AUD and NZD were the marginal G10 laggards.
- 10yr UST futures and Bund futures consolidated overnight and held onto last Friday's gains whilst APAC bonds played catch-up.
- Crude futures gave up earlier gains, base metals rallied whilst...
22 Jul 2022, 14:38 by Newsquawk Desk
- MON: Germany Ifo Survey (Jul), US National Activity Index (Jun)
- TUE: NBH Announcement, US Monthly Home Prices (May), US Richmond Fed Index (Jul)
- WED: FOMC Announcement, Chinese Industrial Profits (Jun), Australian CPI (Q2), US Durable Goods (Jun)
- THU: EZ Sentiment Survey (Jul), US GDP Advance (Q2), US PCE Advance (Q2)
- FRI: Australian PPI (Q2), German Flash GDP (Q2); German Unemployment (Jul), EZ Flash CPI...
22 Jul 2022, 11:35 by Newsquawk Desk
- European bourses are resilient despite Flash PMIs for June contracting, while US futures are subdued but rangebound
- DXY climbs amid EUR pressure post-PMIs, with the USD weighing on peers in turn though JPY & CHF benefit from yield action
- Core debt extends on post-ECB recovery rallies amidst this and curves steepen amid a paring of tightening expectations
- Crude benchmarks surrender APAC upside on contraction concerns and remain focused on...
22 Jul 2022, 06:50 by Newsquawk Desk
- APAC stocks were mostly higher after the gains in the US but with upside capped by lingering growth concerns.
- European equity futures are indicative of a slightly lower open with Eurostoxx 50 -0.2% after the cash market closed with gains of 0.3% yesterday.
- DXY has recouped some lost ground, antipodeans lag G10 FX, EUR/USD is back on a 1.01 handle.
- Nord Stream 1 turbine was said to be stuck in transit in Germany due to Russia not giving...
21 Jul 2022, 11:35 by Newsquawk Desk
- European bourses gave up initial upside as Draghi resigns; however, current performance is more mixed with Nord Stream 1 flowing and earnings factoring
- Stateside, futures are directionally in-fitting but with magnitudes more contained thus far awaiting earnings developments.
- DXY has benefitted from JPY downside amid the BoJ while the EUR slipped on Draghi and awaits the ECB.
- Core debt is off lows and somewhat choppy while BTPs slump over 200...
21 Jul 2022, 06:50 by Newsquawk Desk
- APAC stocks traded cautiously following the mixed performance of global counterparts and amid risk events.
- European equity futures are indicative of a softer open with Eurostoxx 50 -0.2% after the cash market closed with losses of 0.1% yesterday.
- Italian PM Draghi is set to announce his intention to resign at 08:00BST.
- DXY is on the backfoot, EUR/USD reclaimed 1.02 and JPY contained after BoJ stood pat on...
20 Jul 2022, 11:35 by Newsquawk Desk
- European bourses are modestly firmer at present as we move towards the week's key risk events and as participants had already reacted to the Nord Stream developments.
- US futures similarly contained before further earnings releases, including Tesla after-hours.
- The USD is pressured though the DXY has marginally reclaimed 106.50 with peers eking marginal upside.
- Core debt continues to climb and BTPs lead the way after Draghi's initial Senate...