24 Feb 2023, 11:25 by Newsquawk Desk
- European bourses are contained/slightly firmer, with fresh drivers limited as the focus is on geopolitics and upcoming US data.
- Stateside, futures are softer but with the ES just above 4k, the NQ is the laggard following some recent pressure in the fixed income complex.
- DXY remains firmer on the session though is yet to meaningfully advance higher, to the mixed fortune of peers with JPY lagging post-Ueda while EUR & GBP are flat.
- EGBs...
24 Feb 2023, 06:50 by Newsquawk Desk
- APAC stocks traded mostly rangebound after the choppy but positive performance on Wall St.
- BoJ Governor nominee Ueda noted that current monetary policy is appropriate and Japan still needs more time for inflation to sustainably hit 2%.
- European equity futures are indicative of a higher open with the Euro Stoxx 50 +0.4% after the cash market closed up 0.4% yesterday.
- DXY is steady around the 104.50 mark, USD/JPY was choppy alongside Ueda,...
23 Feb 2023, 11:25 by Newsquawk Desk
- European bourses are firmer on the session with a hefty earnings docket dictating action after an uninspiring APAC handover.
- Stateside, futures are broadly-speaking in-fitting with Europe though the NQ +0.7% outperforms given tailwinds from NVIDIA's after-market update.
- The DXY continues to grind higher at the top-end of 104.30-65 parameters to the mixed fortune of peers; Antipodeans outperform and GBP lags despite Mann.
- Gilts are the...
23 Feb 2023, 06:50 by Newsquawk Desk
- APAC stocks lacked firm direction with price action mostly rangebound amid the mixed US close and with Japanese markets closed.
- FOMC minutes noted a few participants favoured a 50bps hike and all agreed more rate hikes are needed.
- European equity futures are indicative of a higher open with the Euro Stoxx 50 +0.4% after the cash market closed down 0.2% yesterday.
- DXY is a touch softer but maintaining 104 status, support in EUR/USD at...
22 Feb 2023, 11:25 by Newsquawk Desk
- European bourses are softer across the board as hawkish price action remains in full swing, US futures contained pre-Minutes.
- DXY remains underpinned by haven dynamics to modest detriment of peers ex-NZD after a 50bp RBNZ hike and guidance for further tightening.
- Core fixed has bounced following well-received EZ/UK supply, in a rebound from marked initial pressure with Bunds printing a fresh YTD trough.
- Commodities are underpressure by the...
22 Feb 2023, 06:49 by Newsquawk Desk
- APAC stocks were subdued after the declines on Wall St (S&P 500 -2.0%) where strong PMI data prompted hawkish central bank repricing.
- European equity futures are indicative of a softer open with the Euro Stoxx 50 -0.2% after the cash market closed down 0.5% yesterday.
- DXY maintains 104 status, antipodeans diverge as NZD rises post-RBNZ with FX markets otherwise contained.
- RBNZ delivered a widely expected 50bps rate hike,...
21 Feb 2023, 11:35 by Newsquawk Desk
- European bourses & US futures remain negative but have lifted from the trough that occurred amid the morning's Flash PMIs; further pressure seen post-HD earnings.
- DXY has derived support from upside in US yields, risk aversion and a loss of momentum in some peers, with the index holding around 104.00 despite being pressured to a 103.86 trough post UK PMI data.
- A release which sent GBP/USD to a 1.2113 peak from circa. 1.2000 before hand in a marked hawkish move...
21 Feb 2023, 06:49 by Newsquawk Desk
- APAC stocks were subdued with trade mostly kept rangebound in the absence of a lead from Wall Street.
- European equity futures are indicative of a softer open with the Euro Stoxx 50 -0.1% after the cash market closed down 0.1% yesterday.
- DXY is marginally firmer and back on a 104 handle, FX markets were broadly contained overnight, NZD marginally lags.
- UK PM Sunak was warned not to undermine Northern Ireland and that an N.I. deal could...
20 Feb 2023, 06:49 by Newsquawk Desk
- APAC stocks eventually traded mostly higher but with price action cautious amid geopolitical tensions.
- US-China tensions lingered after China warned against the US escalating the situation regarding the balloon incident.
- North Korea test-fired an ICBM and conducted a multiple-rocket launcher drill.
- European equity futures are indicative of a higher open with the Euro Stoxx 50 +0.4% after the cash market closed down 0.5% on...
17 Feb 2023, 13:06 by Newsquawk Desk
- MON: Bank of Israel Announcement, Bank of Indonesia Announcement, PBoC LPR, Riksbank Minutes (Feb), Swedish CPIF (Jan), EZ Consumer Confidence Flash (Feb), New Zealand PPI (Q4), Canadian Family Day Holiday, US Washington’s Birthday.
- TUE: RBA Minutes (Feb); EZ, UK, US Flash PMIs (Feb), German ZEW Survey (Feb), Canadian CPI (Jan) and Retail Sales (Dec), New Zealand Trade Balance (Jan).
- WED: RBNZ Announcement, FOMC Minutes (Feb), German Ifo Survey...
17 Feb 2023, 11:30 by Newsquawk Desk
- European bourses & US futures are pressured amid a myriad of hawkish factors, Euro Stoxx 50 -1.0% & ES -0.8%, with more Fed officials scheduled.
- As such, the USD is bolstered with Antipodeans lagging while EUR & GBP are the relative outperformers, though lower vs USD, given domestic hawkish drivers.
- Specifically, explicitly hawkish commentary from ECB's Schnabel, hotter-than-expected German PPI and UK Retail Sales exert...
17 Feb 2023, 06:49 by Newsquawk Desk
- APAC stocks traded negatively as the regional bourses took their cues from the weak performance stateside
- European equity futures are indicative of a lower open; US equity futures remained subdued heading into a long weekend (ES -0.5%)
- DXY extended on gains above the 104.00 level amid the higher yield environment; antipodeans lagged amid the risk aversion
- US President Biden said he expects to be speaking with Chinese President Xi; Pentagon's...
16 Feb 2023, 11:35 by Newsquawk Desk
- European bourses are firmer across the board, Euro Stoxx 50 +0.6%, in a continuation of APAC trade with fresh developments somewhat limited ex-earnings.
- Stateside, futures are little changed overall ahead of data/Fed speak.
- DXY has come under some modest pressure throughout the morning in what is more of a consolidation than any sustained bout of pressure, with peers modestly firmer.
- GBP leads amid further reports of an impending N. Ireland...
16 Feb 2023, 06:49 by Newsquawk Desk
- APAC stocks gained as the region took impetus from the US where participants digested a slew of data releases including stronger-than-expected retail sales.
- European equity futures are indicative of a positive open with the Euro Stoxx 50 +0.4% after the cash market closed up 1.0% yesterday.
- DXY is back on a 103 handle, EUR/USD lingers around the 1.07 mark and Cable has recovered from its brief move below 1.20.
- Crude futures benefitted...
15 Feb 2023, 11:40 by Newsquawk Desk
- European bourses ex-FTSE 100 are in the green though US futures remain lower after choppy APAC trade, ES -0.4% pre-data
- DXY is benefitting from marked GBP pressure following UK CPI, with Cable sub-1.21 and the index holding around 103.50 though off 103.63 best
- Gilts are significantly outpacing their European and US peers post-inflation, with pricing for a 25bp BoE hike in March moving below 70% vs 89% pre-release
- Crude benchmarks are softer...
15 Feb 2023, 06:50 by Newsquawk Desk
- APAC stocks were mostly lower following the choppy performance on Wall Street as markets digested sticky US inflation data and subsequent Fed commentary.
- European equity futures are indicative of a softer open with the Euro Stoxx 50 -0.2% after the cash market closed up 0.1% yesterday.
- DXY is a touch firmer and on a 103 handle, EUR/USD and GBP/USD are on 1.07 and 1.21 handles, antipodeans lag
- Crude futures trickled lower with headwinds from...
14 Feb 2023, 11:25 by Newsquawk Desk
- European bourses are modestly firmer, Euro Stoxx 50 +0.3%, in relatively limited newsflow following a mixed APAC with US futures in-fitting pre-CPI.
- The DXY has been pushed modestly below 103.00 and resides at the lower-end of 102.90-103.26 parameters pre-CPI; GBP & EUR outperform, NZD lags.
- Reports that the UK & EU could announce a customs deal within two-weeks to resolve the N. Ireland trading dispute
- Core-EGBs/USTs are firmer but...
14 Feb 2023, 06:50 by Newsquawk Desk
- APAC stocks eventually traded mixed with a slight positive bias following the firm handover from Wall St (S&P 500 +1.2%).
- European equity futures are indicative of a flat open with the Euro Stoxx 50 Unch. after the cash market closed up 1.0% yesterday.
- DXY sits in the low 103's, EUR/USD has reclaimed 1.07 JPY leads G10 FX, NZD narrowly lags.
- UK and EU could announce a new customs deal within the next two weeks, according to The...
13 Feb 2023, 11:30 by Newsquawk Desk
- European bourses are modestly firmer with US futures similar but slightly more contained ahead of Tuesday's CPI and the week's Fed speak.
- USD is bid though peers, ex-JPY, are generally fairly contained overall; USD/JPY up to 132.76 as we await confirmation of Ueda's nomination.
- EGBs have experienced a firm bounce with technicals and ECB speak perhaps factoring, USTs more contained with yields flat/mixed.
- WTI March and Brent April futures are...
13 Feb 2023, 06:50 by Newsquawk Desk
- APAC stocks began the week mostly subdued as geopolitical tensions lingered and with markets bracing for Tuesday's US CPI data.
- US military shot down a fourth flying object due to its potential surveillance capabilities after it flew in proximity to sensitive military sites.
- DXY is marginally firmer, EUR/USD is on a 1.06 handle, JPY lags peers ahead of BoJ Governor announcement.
- European equity futures are indicative of a contained open with...
10 Feb 2023, 14:09 by Newsquawk Desk
- MON: Swiss CPI (Jan), Japanese GDP (Q4), German Final CPI (Jan), Norwegian GDP (Q4), Eurogroup.
- TUE: OPEC MOMR; New Zealand Inflation Forecasts (Q1), UK Jobs Report (Dec), US CPI (Jan), South Korean Revised Trade Balance (Jan), EZ Flash GDP (Q4).
- WED: IEA OMR; UK Inflation (Jan), EZ Industrial Production (Dec), US Retail Sales (Jan), Japanese Trade Balance (Jan).
- THU: Australian Jobs Report (Jan), US Philly Fed (Jan),...
10 Feb 2023, 11:35 by Newsquawk Desk
- European bourses are under pressure, Euro Stoxx 50 -1.2%, in a continuation of APAC/US trade that was exacerbated by the latest geopolitical developments re. Romanian airspace.
- Stateside, futures are directionally in-fitting with Europe given broader geopolitics-induced action though with marked NQ -1.0% underperformance as yields pick up globally.
- JPY soared on reports that Ueda will be the gov'ts nomination for BoJ Governor, with USD/JPY dropping to 129.82 from...
10 Feb 2023, 06:49 by Newsquawk Desk
- APAC stocks were mostly negative after the losses on Wall St where the major indices wiped out initial gains.
- Chinese inflation data saw headline Y/Y CPI and PPI fall short of expectations.
- European equity futures are indicative of a lower open with the Euro Stoxx 50 -0.6% after the cash market closed up 1.0% yesterday.
- DXY is back on a 103 handle, EUR/USD and Cable sit on 1.07 and 1.21 handles respectively, antipodeans...
09 Feb 2023, 11:25 by Newsquawk Desk
- European bourses are firmer across the board with the region benefitting from a heavy earnings docket, heavyweights including Siemens and AstraZeneca were particularly well received.
- Stateside, futures are firmer across the board as the region recovers from Wednesday's Fed-speak-induced downside, NQ +1.2% modestly outperforms as yields ease.
- DXY continues to pull back and is sub-103.00, with high-betas and cyclicals outperforming. SEK bolstered by a hawkish Riksbank...
09 Feb 2023, 06:49 by Newsquawk Desk
- APAC stocks traded mixed after the losses in the US (SPX -1.11%) as participants focused on hawkish aspects of Fed rhetoric.
- European equity futures are indicative of a higher open with the Euro Stoxx 50 +0.4% after the cash market closed flat yesterday.
- DXY is a touch softer but maintaining 103 status, antipodeans lead the majors, EUR/USD is attempting to recoup lost ground.
- Bund futures were confined to a tight range overnight whilst price...