08 Feb 2023, 11:20 by Newsquawk Desk
- European bourses are firmer across the board, Euro Stoxx 50 +0.7%, taking advantage of the Wall St. close and shrugging off indecisive APAC trade.
- Stateside, futures are in modest negative territory paring some of the post-Powell upside ahead of key speakers incl. Fed's Williams.
- The USD continues to ease post-Powell though the DXY has lifted comfortably above 103.00 after briefly matching Tuesday's 102.99 trough.
- EGBs remain under pressure...
08 Feb 2023, 06:50 by Newsquawk Desk
- APAC stocks were indecisive and failed to sustain the momentum from Wall St where US indices eventually closed at session highs post-Powell.
- Fed Chair Powell noted that the disinflationary process has begun but also warned that the Fed will have to do more than what is priced in if jobs data continues to come in hot.
- European equity futures are indicative of a higher open with the Euro Stoxx 50 +1.1% after the cash market closed up 0.1%...
07 Feb 2023, 11:15 by Newsquawk Desk
- European bourses are modestly firmer, Euro Stoxx 50 +0.2%, after yesterday's pronounced pressure and ahead of key Central Bank speak.
- Stateside, the picture is very similar to the above though the NQ +0.3% is the incremental outperformer with US yields ever so slightly softer.
- DXY steady around 103.500 in advance of Fed chair Powell, Aussie boosted by hawkish RBA hike and guidance overnight
- Core EGBs are softer, though off worst levels, with...
07 Feb 2023, 06:50 by Newsquawk Desk
- APAC stocks eventually traded mixed after the weak lead from global counterparts as markets continued to ramp up hawkish Fed pricing.
- RBA lifted the Cash Rate by 25bps to a fresh decade-high and signalled further rate increases ahead.
- European equity futures are indicative of a contained open with the Euro Stoxx 50 +0.1% after the cash market closed down 1.2% yesterday.
- DXY has held onto a bulk of recent gains, AUD outperforms post-RBA,...
06 Feb 2023, 11:29 by Newsquawk Desk
- European bourses are lower across the board, Euro Stoxx 50 -1.5%, as Friday's post-NFP price action continues to reverberate with the NQ lagging.
- DXY continues to climb as US yields rise across the curve, to the detriment of G10 peers.
- Additionally, the JPY has been particularly hampered by since refuted reports that current BoJ Deputy Amamiya could be the gov'ts nominee for Governor
- Core fixed income continues to fall with yields higher...
06 Feb 2023, 06:50 by Newsquawk Desk
- APAC stocks began the week mostly on the back foot after last Friday’s losses in the US (S&P 500 -1.0%)
- Reports suggest Japan’s government sounded out BoJ's Amamiya for the position of Governor; later refuted
- European equity futures are indicative of a lower open with the Euro Stoxx 50 -0.7% after the cash market closed up 0.4% on Friday
- DXY lingers around the 103 mark, JPY lags post-BoJ reporting, EUR/USD sits on a 1.07...
03 Feb 2023, 14:00 by Newsquawk Desk
- MON: US Secretary of State Blinken to visit China (TBC), Australian Retail Sales (Q4), EZ Sentix Index (Feb), EZ Retail Sales (Dec), New Zealand National Day.
- TUE: RBA Announcement, US Trade Balance (Dec), Canadian Trade Balance (Dec), EIA STEO.
- WED: RBI Announcement, NBP Announcement, Banxico Announcement, BoC Minutes.
- THU: Riksbank Announcement, EU Leaders' Summit on US Inflation Reduction Act.
- FRI: EU...
03 Feb 2023, 11:32 by Newsquawk Desk
- European bourses trade mostly lower, with little in terms of news flow since the cash open as participants look ahead to the US jobs number.
- US tech giants see losses in the pre-market following earnings, AAPL -3.5%, AMZN -5.7%, GOOG -4.9%.
- DXY has given up earlier gains after testing levels close to 102.00 before warning towards 101.50, EUR and GBP reside as the current outperform.
- Bunds have been down to 138.56 for a 137 tick retracement...
03 Feb 2023, 06:49 by Newsquawk Desk
- APAC stocks were mixed as participants digested the latest bout of central bank rate hikes and a slew of earnings releases; strong Chinese data failed to inspire.
- Nasdaq 100 (-1.4%) futures pressured as tech giants Apple, Alphabet and Amazon all fell in extended trade post-earnings.
- European equity futures are indicative of a marginally softer open with the Euro Stoxx 50 -0.1% after the cash market closed up 1.7% yesterday.
- FX markets were...
02 Feb 2023, 11:10 by Newsquawk Desk
- European bourses are benefitting from post-FOMC tailwinds with heavyweight earnings reports bolstering performance; US futures are more contained overall.
- However, the NQ is the standout outperformer post-META, +19% pre-market.
- The DXY has reclaimed and marginally extended above the 101.00 mark to a current 101.27 peak, after printing a fresh YTD trough at 100.81 post-Fed, to the modest detriment of peers.
- USTs have seemingly paused for...
02 Feb 2023, 06:50 by Newsquawk Desk
- FOMC hiked rates by 25bps as expected; noted that inflation has eased somewhat but remains elevated.
- US stocks (S&P 500 +1.05%) and bonds rallied as the dollar tumbled in the aftermath of the FOMC.
- European equity futures are indicative of a higher open with the Euro Stoxx 50 +0.7% after the cash market closed up 0.2% yesterday.
- DXY remains pressured with the index on a 100 handle, EUR/USD is above 1.10 ahead of ECB, Cable lingers just...
01 Feb 2023, 11:25 by Newsquawk Desk
- European bourses are little changed overall but with a modest positive bias, Euro Stoxx 50 +0.2%, ahead of data points and the FOMC.
- Stateside, futures are a touch softer after yesterday's strength, ES -0.4%, with an after-market update from Snap weighing on peers
- The DXY is subdued and holding modestly below the 102.00 mark with slightly softer US yields vs global peers exerting pressure
- EGBs are firmer but well off initial best levels,...
01 Feb 2023, 06:50 by Newsquawk Desk
- APAC stocks traded higher after the positive lead from Wall St, although gains were capped ahead of the FOMC and after disappointing Chinese Caixin Manufacturing PMI.
- European equity futures are indicative of a slightly higher open with the Euro Stoxx 50 +0.1% after the cash market closed up 0.1% yesterday.
- DXY is flat and just above the 102 mark with major FX pairs relatively contained.
- The Times reports that the UK and EU reached...
31 Jan 2023, 11:25 by Newsquawk Desk
- European bourses are lower across the board, Euro Stoxx 50 -0.6%, as the upside after France's CPI fizzled out and reverted back to softer APAC performance.
- Stateside, futures are similarly pressured and have been in-fitting with European peers throughout the session ahead of key Employment Cost data, ES -0.5%.
- USD is on the front foot amid the downturn in risk sentiment, EUR pressured post-French CPI while Antipodeans lag despite strong Chinese...
31 Jan 2023, 06:50 by Newsquawk Desk
- APAC stocks declined following the weak lead from global counterparts, while a rebound in Chinese PMI data failed to inspire a rally in the region.
- IMF raised its 2023 global GDP growth forecast to 2.9% from 2.7% citing resilience in advanced economies and China reopening.
- European equity futures are indicative of a weaker open with the Euro Stoxx 50 -0.6% after the cash market closed down 0.5% yesterday.
- DXY is back on a 102 handle, AUD...
30 Jan 2023, 11:25 by Newsquawk Desk
- European bourses are in the red, Euro Stoxx 50 -1.0%, as a mixed APAC handover was superseded by a broad-based hawkish reaction to hot Spanish inflation.
- Stateside, futures are similarly pressured with the NQ -1.2% lagging though it remains above 12k.
- The DXY was already capped by 102.00 but following Spanish inflation has slipped to a 101.66 trough as EUR/USD lifts comfortably above 1.09 from a 1.0853 base in the ensuing hawkish...
30 Jan 2023, 06:50 by Newsquawk Desk
- APAC stocks were mixed with some of the regional bourses cautious heading into this week’s plethora of risk events.
- European equity futures are indicative of a weaker open with the Euro Stoxx 50 -0.4% after the cash market closed up 0.1% on Friday.
- DXY lingers just below 102 with FX markets largely contained. JPY narrowly leads the majors, AUD lags.
- US President Biden will host House Speaker McCarthy at the White House on Wednesday;...
27 Jan 2023, 14:53 by Newsquawk Desk
- MON: Swiss KOF (Jan), Japanese Retail Sales (Dec), Unemployment (Dec), UK Nationwide House Price (Jan)
- TUE: Australian Retail Sales (Dec), Chinese NBS PMIs (Jan), German Import Prices (Dec), Retail Sales (Dec), UK M3 (Dec), EZ GDP Flash/Prelim. (Q4), US Employment Cost/Wages (Q4)
- WED: Chinese Caixin Final Manufacturing PMI (Jan), EZ, UK and US Final Manufacturing PMI (Jan), EZ Flash CPI (Jan), OPEC+ JMMC Meeting, US Quarterly Refunding, US ISM Manufacturing...
27 Jan 2023, 11:25 by Newsquawk Desk
- European bourses are near unchanged levels, Euro Stoxx 50 +0.3%, though a very mild positive skew is seen in quiet post-earnings newsflow.
- LVMH slips with attention on lower margins, Intel (-9.5% pre-market) lags after a miss on the headline metrics and a weak market outlook; NQ -0.5% and lagging.
- DXY is firmer but somewhat mixed vs peers, with the index sub-102.00 as the JPY outperforms after hot Tokyo CPI.
- Core benchmarks have continued to...
27 Jan 2023, 06:48 by Newsquawk Desk
- APAC stocks traded with a positive bias following the encouraging handover from Wall Street which saw the Nasdaq lead the charge.
- European equity futures are indicative of a higher open with the Euro Stoxx 50 +0.3% after the cash market closed up 0.6% yesterday.
- US equity futures were softer (ES -0.3%) as participants reflected on Intel's earnings miss and weak guidance.
- DXY sits just below the 102 mark, major pairs are largely contained...
26 Jan 2023, 11:20 by Newsquawk Desk
- European bourses are firmer across the board, Euro Stoxx 50 +0.6%, with a busy morning for earnings dictating the state of play ahead of European heavyweight LVMH.
- Stateside, futures are firmer across the board, ES Mar'23 +0.2% and comfortably above the 4k mark while the NQ outperforms post-TSLA
- DXY has bounced from a minor new YTD low, with peers mixed and relatively rangebound.
- Core fixed benchmarks have continued to ease from best levels,...
26 Jan 2023, 06:48 by Newsquawk Desk
- APAC stocks traded somewhat mixed amid key holiday closures and after the flat handover from Wall St.
- European equity futures are indicative of a higher open with the Euro Stoxx 50 +0.7% after the cash market closed down 0.1% yesterday.
- DXY remains on a 101 handle, EUR/USD sits just north of 1.09, Cable lingers around 1.24 and CAD remains on the backfoot.
- Crude futures were kept rangebound whilst Bund futures traded sideways...
25 Jan 2023, 11:30 by Newsquawk Desk
- European bourses are pressured across the board, Euro Stoxx 50 -0.6%, after a sluggish post-MSFT start to the session and thereafter a further waning in the general risk tone.
- Stateside, futures are all in the red with the NQ -1.2% lagging and the ES Mar'23 below 4k and its 200-DMA at 3999, to a 3996.5 session trough.
- DXY has benefitted from the decline in sentiment, to the detriment of GBP and EUR while AUD outperforms post-CPI.
- Core fixed...
25 Jan 2023, 06:42 by Newsquawk Desk
- APAC stocks were mixed after the indecisive performance stateside, while the region also digested firmer-than-expected inflation data from Australia and NZ.
- Microsoft beat on the bottom line and Cloud revenue, but later faded after-market gains following weak guidance in its conference call.
- European equity futures are indicative of a softer open with the Euro Stoxx 50 -0.3% after the cash market closed up 0.1% yesterday.
- 102 acted as a...
24 Jan 2023, 11:25 by Newsquawk Desk
- European bourses are a touch softer overall, Euro Stoxx 50 -0.2%, and relatively unreactive to better-than-expected EZ Flash PMIs.
- Stateside, futures are posting similar price action with the ES -0.2% but above 4k, ahead of data points and key earnings including MSFT.
- The USD has benefitted from a PMI-induced decline in Sterling while JPY is the marked outperformer but has eased from best levels.
- EGBs were initially bolstered by technical...