22 Sep 2022, 11:14 by Newsquawk Desk
- Equities in Europe trade mostly lower but off worst levels; US equity futures trade on either side of the unchanged mark
- USD/JPY slumped as Japan announced FX market intervention via USD-selling and JPY-buying; DXY retreated from a 111.81 peak as a result
- Debt futures have witnessed some choppy price action at the sidelines, with the longer end of the curve outperforming
- Russian Deputy Chair of Security Council Medvedev said Russian...
22 Sep 2022, 06:50 by Newsquawk Desk
- US stocks closed with losses and the S&P 500 fell beneath 3800 after the FOMC; APAC traded mostly lower
- Fed hiked FFR by 75bps to 3.00-3.25% as expected in a unanimous decision; Fed dot plots saw the terminal rate forecast hiked to 4.6% from 3.8%
- Fed Chair Powell in his Q&A largely reiterated the rhetoric from Jackson Hole, but he said it is likely that rates will get to levels in the dot plot
- In FX, DXY rose to 111.79 overnight and...
21 Sep 2022, 11:25 by Newsquawk Desk
- Stocks in Europe have clambered off worst levels with the region now trading mixed on the eve of the FOMC following the initial Russian-induced downside
- US equity futures are modestly firmer, but near the unchanged mark overall
- USD bid on risk-aversion pre-FOMC, though the DXY has since eased from the fresh YTD high at 110.87
- The concerted initial bid for core benchmarks has waned with yields subdued
- Crude propped up...
21 Sep 2022, 06:50 by Newsquawk Desk
- US stocks closed with losses amid broad risk aversion on the eve of the FOMC; APAC stocks traded lower
- In FX, DXY was quiet but held onto recent gains, EUR/USD was subdued, USD/JPY was rangebound
- 10yr UST futures were lacklustre amid pre-FOMC positioning, Bund futures languished near the prior day's lows
- Russian President Putin is expected to speak at 07:00BST/02:00EDT to announce the annexation of around 15% of Ukrainian...
20 Sep 2022, 11:35 by Newsquawk Desk
- Bourses across Europe have been dipping with sentiment initially sullied by a marked and unexpected acceleration in German PPI
- US equity futures have slipped into negative territory, but the breadth of the market remains shallow as the clock ticks down to the FOMC tomorrow
- DXY remains towards the top of today's intraday band but under the 110.00 mark, JPY failed to gain impetus from hotter-than-expected Japanese CPI
- Debt futures continue to...
20 Sep 2022, 06:43 by Newsquawk Desk
- APAC followed suit, but gains were capped ahead of risk events
- DXY lacked direction after a pullback from 110.00, EUR/USD remained above parity, USD/JPY traded rangebound, and Antipodeans were lacklustre
- 10yr UST futures marginally gained, Bund futures were subdued, and 10yr JGB futures traded indecisively
- Japanese CPI topped forecasts and remained above the BoJ’s target, whilst China’s PBoC maintained its LPRs and set a stronger CNY fix for...
19 Sep 2022, 11:15 by Newsquawk Desk
- The subdued tone seen across a holiday-thinned APAC session reverberated into Europe; US futures are softer
- The Dollar regrouped and regained a bid on a combination of technical and positional factors; DXY topped 110.00 but remains shy of Friday's best
- Bonds have extended to the downside, WTI and Brent futures have resumed the sell-off, and crypto markets remain pressured
- US President Biden said US forces would defend Taiwan in the...
19 Sep 2022, 06:45 by Newsquawk Desk
- US stocks declined on Friday to post a weekly loss; APAC stocks were mostly subdued
- DXY was firmer amid the cautious mood in stocks, USD/JPY was choppy with Japan on holiday
- 10yr UST futures were slightly lower, crude oil gained, and crypto markets were under pressure
- US President Biden said US forces would defend Taiwan in the event of a Chinese invasion
- Looking ahead, highlights include UN General Assembly, speech...
16 Sep 2022, 13:58 by Newsquawk Desk
- MON: Japanese Respect for the Aged Day; EZ Construction Prices (Jul), Canadian Producer Prices (Aug), German Producer Prices (Aug).
- TUE: Chinese LPR, Riksbank Policy Announcement, RBA Minutes (Sep); Japanese CPI (Aug), EZ Current Account (Jul), US Building Permits/Housing Starts (Aug), Canadian CPI (Aug).
- WED: FOMC & BCB Policy Announcements; UK PSNB (Aug), US Existing Home Sales (Aug), New Zealand Trade Balance (Aug).
- THU: BoE,...
16 Sep 2022, 11:40 by Newsquawk Desk
- Euro-bourses see the deepest losses whilst the FTSE 100 is cushioned by the slide in the Pound
- GBP extended losses in wake of significantly weaker than forecast ONS retail sales data, with Cable sliding to the lowest level since 1985
- 10yr T-note is almost flat ahead of preliminary Michigan sentiment which will be watched closely for inflation expectations
- China will impose sanctions on CEO of Raytheon Technologies (RTX) and CEO of Boeing...
16 Sep 2022, 06:50 by Newsquawk Desk
- APAC stocks fell despite better-than-expected Chinese activity data as the region took its cue from the losses in the US.
- Chinese IP and Retail Sales exceeded expectations. NBS said the economy continued a recovery trend in August.
- European equity futures are indicative of a weaker open with the Euro Stoxx 50 future -0.8% after the cash market closed down by 0.7% yesterday.
- DXY was choppy on a 109 handle, EUR/USD continued to move above...
15 Sep 2022, 11:30 by Newsquawk Desk
- European bourses modestly extended on the gains seen at the open despite a lack of fresh fundamental; US equity futures trade sideways
- DXY has been waning off its 109.92 best towards 109.50, but the Buck extended gains against some EM currencies
- Choppy price action seen in the fixed income and crude complexes; spot gold eyes multi-year lows
- White House said the tentative railway labour agreement reached is an important win for the...
15 Sep 2022, 06:50 by Newsquawk Desk
- APAC stocks mostly traded with mild gains after the slight reprieve on Wall Street (SPX +0.34%, NDX +0.84%).
- European equity futures are indicative of a marginally higher open with the Euro Stoxx 50 future +0.1% after the cash market closed down by 0.5% yesterday.
- DXY remains on a 109 handle, EUR/USD is unable to reclaim parity and USD/JPY retraced some of its weakness.
- In commodities, crude was little changed, copper was marginally firmer...
14 Sep 2022, 11:29 by Newsquawk Desk
- European bourses trade mostly lower but off worst levels, but the sentiment remains dampened; US futures are modestly firmer
- JPY is in focus and stands as the outperformer amid overnight reports of a rate check conducted by the BoJ; DXY is pressured
- Gilts and the 10 year T-note have also bounced from deeper intraday lows in consolidative trade, Germany saw a strong 2044 auction
- WTI and Brent are relatively contained, spot gold holds...
14 Sep 2022, 06:50 by Newsquawk Desk
- APAC stocks declined following the CPI-inspired bloodbath on Wall St where the S&P 500 had its worst day since June 2020.
- DXY is a touch softer but on a 109 handle, JPY leads G10 FX amid intervention speculation, EUR/USD lingers below parity.
- European equity futures are indicative of a weaker open with the Euro Stoxx 50 future -0.7% after the cash market closed down by 1.6% yesterday.
- Crude weakened overnight in the aftermath of bearish...
13 Sep 2022, 11:04 by Newsquawk Desk
- European bourses tread water with modest gains following a relatively mixed APAC lead; US futures post mild gains
- DXY is softer and trades on either side of 108.00, EUR/USD faded at 1.0160, JPY continues its correction vs the USD
- Choppy and divergent price action in debt futures as EZ bonds digest decent auction results from Germany and Italy
- WTI and Brent are firmer intraday as a function of the receding Dollar, but traders are wary as...
13 Sep 2022, 06:50 by Newsquawk Desk
- APAC stocks traded positive after the advances in global peers including on Wall St; S&P 500 +1.1%.
- European equity futures are indicative of a softer open with the Euro Stoxx 50 future -0.2% after the cash market closed up by 2.1% yesterday.
- DXY remains on a 108 handle, EUR/USD sits north of 1.01, GBP/USD briefly breached 1.17 and JPY narrowly leads G10 FX.
- Crude was choppy amid ongoing supply-related concerns, demand pressures...
12 Sep 2022, 11:12 by Newsquawk Desk
- European bourses extend on the upside seen at the open; US equity futures are posting gains with marginal outperformance seen in the NQ vs peers
- DXY recoiled further to its lowest level since late August in early hours, EUR/USD was boosted towards 1.0200 at one point, JPY remains the G10 laggard
- Recovery momentum is building towards a breach of big figures in the major fixed income contracts, with no major catalyst for the upside
- WTI...
12 Sep 2022, 11:12 by Newsquawk Desk
- European bourses extend on the upside seen at the open; US equity futures are posting gains with marginal outperformance seen in the NQ vs peers
- DXY recoiled further to its lowest level since late August in early hours, EUR/USD was boosted towards 1.0200 at one point, JPY remains the G10 laggard
- Recovery momentum is building towards a breach of big figures in the major fixed income contracts, with no major catalyst for the upside
- WTI...
12 Sep 2022, 06:43 by Newsquawk Desk
- APAC stocks took impetus from last Friday’s gains on Wall Street in a holiday-thinned start to the week.
- Russian forces have withdrawn from key towns in Eastern Ukraine as the Ukrainian counter-attack has made further progress.
- European equity futures are indicative of a firmer open with the Euro Stoxx 50 future +0.6% after the cash market closed up by 1.6% on Friday.
- DXY is near unchanged, EUR is firmer on a 1.00 handle, Cable sits on...
09 Sep 2022, 13:50 by Newsquawk Desk
- Sun: Swedish Elections.
- Mon: Hong Kong Mid-autumn Fest; UK GDP Estimate (Jul), German Final CPI (Aug), Chinese M2 (Aug).
- Tue: OPEC MOMR, Norges Bank Regional Network (Q3); Japanese Corporate Goods Price (Aug), Australian Consumer Sentiment (Sep), UK Jobs Data (Jul/Aug), EZ ZEW (Sep), US CPI (Aug), NFIB (Aug).
- Wed: IEA OMR; UK CPI (Aug), Swedish CPIF (Aug), EZ Industrial Production (Jul), US PPI Final Demand...
09 Sep 2022, 11:17 by Newsquawk Desk
- European bourses trade firmer across the board following constructive leads from APAC and Wall Street
- DXY suffers from a large fall amid risk appetite, ECB sources yesterday, and Japanese verbal intervention, with the index back around 108.50
- UK Gilts have rebounded to extend well beyond prior session peaks; 10yr UST resides near the top of its range
- Crude futures have been climbing since the start of the APAC session as a function of the...
09 Sep 2022, 06:34 by Newsquawk Desk
- APAC stocks followed suit to the gains on Wall St (SPX +0.66%) although the upside was capped after recent global central bank activity.
- European equity futures are indicative of a firmer open with the Euro Stoxx 50 future +0.3% after the cash market closed up by 0.3% yesterday.
- DXY is on the backfoot and sits on a 109 handle, EUR/USD has gained a firmer footing above parity, Cable eyes 1.16 and AUD leads G10 FX.
- Source reports suggest that...
08 Sep 2022, 11:22 by Newsquawk Desk
- European bourses trade with a directionless bias on ECB day; US equity futures are portraying a similar tentativeness.
- DXY pulled back further from Wednesday’s new multi-year peak before finding support just under 109.500; JPY pared more losses.
- Bunds and Gilts sit far from best levels; US Treasuries are treading water albeit also off overnight peaks
- US President Biden delayed the decision on Trump-era tariffs on China; China...
08 Sep 2022, 06:50 by Newsquawk Desk
- APAC stocks were mostly positive after the relief rally on Wall St where a lower yield environment and declines in oil prices underpinned risk appetite.
- European equity futures are indicative of a firmer open with the Euro Stoxx 50 future +0.5% after the cash market closed up by 0.1% yesterday.
- DXY is back on a 109 handle, antipodeans lag, EUR/USD hovers just below parity, GBP/USD sits just above 1.15.
- Crude nursed some of the recent losses...