• Asia-Pac stocks traded higher as regional bourses took their cues from the fresh all-time highs on Wall St
  • RBI kept rates unchanged as expected and retained an accommodative stance, which it will keep for as long as necessary
  • In FX, the DXY has maintained yesterday's gains around 91.50, EUR/USD remains sub-1.20 and GBP held onto BoE gains
  • Italy's PD Senate Chief expects Draghi has an 80-90% chance of forming a...
  • European equities trade mostly firmer (Eurostoxx 50 +0.3%) in what has been a busy morning of corporate updates across the region
  • In FX, the DXY is once again firmer vs. peers as EUR/USD loses 1.20 status for the first time this year. GBP eyes BoE
  • Fixed income remains rangebound with Gilts focused on NIRP developments from the BoE and the Periphery on Draghi's deliberations
  • Looking ahead, highlights include BoE rate decision & MPR, US...
  • Asian equity markets were mostly lower following a flat lead from the US where focus centred on earnings and stimulus plans
  • 5SM's Di Maio said Italy needs an alternative to a Draghi government, while the Brothers of Italy party Chief favours abstaining
  • In FX, the DXY extended on gains above 91.00, EUR/USD remains in the low 1.20's and GBP/USD hovers around 1.36
  • President Biden is open to having the discussion on the income level of Americans...
  • European indices began the session on the front-foot, before consolidating off highs, Euro Stoxx 50 +0.7%, ES +0.4%; while the FTSE MIB & BTPs outperform on Draghi's potential Italian mandate
  • Tech giants Google and Amazon saw earnings beat on top and bottom lines; with Google outperforming in the pre-market +7.0%
  • President Biden Advisor speculates the final stimulus size could be USD 1.3trln, Politico
  • The mornings UK/EZ PMIs saw modest...
  • Asian equity markets traded mostly higher as the region took impetus from global peers including the advances on Wall St
  • Tech giants Google and Amazon saw earnings beat on top and bottom lines
  • Oxford/AstraZeneca vaccine shows sustained protection of 76% during 3m interval until 2nd dose
  • Talks over forming a new coalition in Italy have broken down, former ECB President Draghi could be appointed as a replacement PM
  • In...
  • European indices are firmer following the positive APAC handover; sectors are broadly in the green though oil & gas is among the laggards as BP's update offsets much of the positivity from crude benchmarks themselves
  • China top diplomat Yang said they are prepared to work with the US; separately, US Treasury Secretary Yellen is to meet with Democrats today on aid
  • The DXY continues to make ground above 91.00 this morning pressuring major counterparts but...
  • Asian equity markets advanced after the firm handover from Wall St with the resurgence led by the tech sector
  • In FX markets, the DXY marginally pulled back after advancing above 91.00, EUR/USD and GBP/USD remain below 1.21 and 1.37 respectively
  • Talks aimed at reviving Italy's collapsed ruling coalition were blocked on Monday over policy issues
  • RBA maintained its key rate at 0.10% as expected but unexpectedly announced it is to extend its QE...
  • European indices began the session on the front-foot, Euro Stoxx 50 +1.3%, ES +1.0%, with sectors predominantly positive and basic resources shining following silver's outperformance
  • Chinese official manufacturing, non-manufacturing and Caixin manufacturing PMI data all fell short of estimates but remained in expansion territory; somewhat hindered mainland performance
  • A group of 10 Republican senators called for President Biden to consider a smaller COVID-19 relief...
  • SUN: Chinese Official PMIs (Jan)
  • MON: Chinese Caixin Manufacturing PMI Final (Jan); EZ, UK and US Manufacturing PMI Final (Jan); US ISM Manufacturing PMI (Jan).
  • TUE: RBA Policy Announcement; EZ Flash GDP (Q4); US ISM New York (Jan); New Zealand Labour Market Data (Q4).
  • WED: Chinese Caixin Services PMI Final (Jan); EZ, UK and US Services/Composite PMI Final (Jan); EZ Flash CPI (Jan) US ISM Services PMI (Jan); ADP National Employment (Jan);...
  • A positive tone was observed in the Asia-Pac region and US equity futures recovered from the early stumble seen at the reopen
  • Chinese official manufacturing, non-manufacturing and Caixin manufacturing PMI data all fell short of estimates but remained in expansion territory
  • In FX markets, the DXY heads into the EU open softer, EUR/USD rangebound on a 1.21 handle, GBP/USD extended gains above 1.3700
  • Gold gapped higher in tandem with the 7%...
  • Indices have been under pressure in a continuation of the APAC deterioration; however, both European bourses and US futures are well off lows, Euro Stoxx 50 -0.7% & ES -0.5%
  • Novavax (NVAX) vaccine was 89% effective against COVID-19, according to a UK study; however, efficacy was 60% in a South African Trial
  • ECB rate reduction discussion has been marginal in policy talks, according to sources; benefits seen as limited; downplayed Euro...
  • Asian equity markets steadily deteriorated as the initial emboldenment from the rebound on Wall St gradually faded
  • Novavax vaccine was 89% effective against COVID-19, according to a UK study. However, efficacy was 60% in a South African Trial
  • In FX, the DXY recouped some lost ground overnight, EUR/USD hovers around 1.21, GBP/USD trades near the 1.37 mark
  • US Senate panel is to hold a hearing on the current state of the stock market in wake of...
  • Equity indices were pressured from the European cash open in a continuation of APAC performance; subsequently, this downside intensified though we are currently well off lows - Euro Stoxx 50 -0.3%, ES -0.1%
  • Apple -3%, Facebook -1% & Tesla -6% all reported after the close with pressure attributed to the lack of/vague guidance from Apple; as such, the NQ -0.7% is the morning's underperformer
  • ECB’s Rehn says policy tools can be adjusted if required; inflation...
  • FOMC left rates unchanged and maintained the size of its asset purchase programme, as expected
  • FOMC noted that the pace of US economic activity and employment moderated in recent months
  • Asia-Pac indices were negative on spillover selling from the US where stocks had their worst day since October
  • Better-than-expected earnings from tech giants Apple and Facebook failed to provide any meaningful reprieve
  • In FX, the DXY...
  • European bourses began the session indecisive following a mixed APAC handover but subsequently selling pressure has intensified; Euro Stoxx 50 -1.4%, ES -0.6% though NQ (U/C) outerperforms somewhat post-MSFT
  • MSFT beat on top and bottom lines and are +2.8% in the pre-market while chip names have been pressured post AMD & TXN; in Europe, LVMH initially bolstered luxuries but has succumbed to the general sentiment
  • ECB's Knot says we have the tools...
  • Asian equities traded mixed and attempted to shrug off the weak handover from the US where there was a slight negative bias
  • A late boost was seen in Nasdaq 100 futures after-hours due to strong results from Microsoft which beat on top and bottom lines
  • ECB will reportedly query dollar weakness and is to monitor the impact on FX from ECB vs Fed policies
  • Italy's Conte said he wants backing for a government of "national rescue" and is seeking a...
  • European bourses were initially mixed following the subdued APAC lead but have since experienced notable upside amid a lack of fresh catalysts; Euro Stoxx 50 +1.4%, ES U/C
  • Italian PM Conte has reportedly informed his cabinet of his intention to resign and is to meet with President Mattarella on the matter today
  • US Senate Democrat Leader Schumer said they will attempt to pass President Biden's COVID-19 bill through the budget reconciliation process if the GOP block...
  • Asian equity markets declined across the board with sentiment subdued after the flimsy risk appetite amongst global peers
  • Italian PM Conte has convened a cabinet meeting for Tuesday to inform ministers he is resigning; will likely seek to form a new government
  • In FX, the USD is broadly firmer against major peers with activity currencies lagging against the greenback
  • US Senate Democrat Leader Schumer said they will attempt to pass President...
  • European indices faded opening gains in-light of a subdued German Ifo print and in contrast to the firmer APAC handover; Euro Stoxx 50 -0.1%, ES +0.2%
  • German Ifo (Jan) readings missed expectations and dropped from the prior with the institute noting services continues to represent the majority of the decline
  • EUR was hampered post-Ifo lifting the DXY into positive territory and applying pressure on major counterparts though magnitudes are slim at...
  • MON: German Ifo Survey (Jan); EZ Sentiment Survey (Jan); Chinese President Xi to speak.
  • TUE: UK Employment data (Dec).
  • WED: FOMC Policy Decision; Australian CPI (Q4); German GfK Survey; US Durable Goods (Dec); Japanese Retail Sales (Dec); New Zealand Trade Balance (Dec).
  • THU: German Prelim CPI (Jan); US GDP (Q4) & PCE Prices (Dec); Japanese Unemployment Rate (Dec).
  • FRI: BoJ Summary of Opinions (Jan);...
  • Asian equity markets began the week with a mildly positive tilt whilst US equity futures rebounded from Friday’s losses, although upside was limited
  • In FX, the DXY heads into the EU session softer, prompting support in major counterparts with GBP/USD reclaiming 1.37 status
  • China is looking for a meeting of its top diplomat with senior aides in the Biden administration, according to WSJ
  • Iraq plans to reduce oil output in January and February...
  • Indices remain pressured following cautious APAC trade with downside exacerbated by the deterioration in oil; Euro Stoxx 50 -1.2%, ES -0.7%
  • The EUR saw a resurgence following the German PMIs with EUR/USD just below 1.2200 at best to the detriment of the DXY paring its advances and bolstering FX peers; though, GBP was hindered post-UK data
  • Intel beat on EPS and revenue making gains just before the close before paring to trade lower by 4% in the pre-market while IBM's...
  • Asian equity markets traded cautiously after the mixed lead from Wall St where most indices stalled at record levels
  • The Nasdaq was bolstered by continued strength in large tech including firm gains in Intel which announced its results prior to the closing bell
  • US Treasury Secretary nominee Yellen said the US has a full array of tools to counter China's practices
  • In FX markets, the DXY remained subdued, EUR/USD held on to yesterday's gains...
  • Indices are firmer this morning with European tech the outperformer following yesterday's Nasdaq performance; currently, ES +0.1% & NQ +0.4%
  • BoJ, Norges Bank & CBRT left policy parameters unchanged with the ECB ahead; the EUR is currently firmer bolstered alongside peers as the USD remains pressured across the board
  • Republican Senator Graham commented that the USD 15/hour minimum wage will not be included in the stimulus plan
  • Looking...
  • Asia-Pac bourses took impetus from the gains on Wall Street where stocks rallied to all-time highs and the Nasdaq outperformed
  • BoJ kept policy settings unchanged as expected whilst reiterating that it will not hesitate to act further if needed
  • In FX, the DXY was subdued beneath 90.50, EUR/USD reclaimed 1.21 and GBP/USD eyes 1.37 again
  • US Republican Senator Romney said he is not looking for new stimulus in the immediate...