08 Dec 2021, 06:55 by Newsquawk Desk
- Asian equity markets traded positively; US equity futures saw mild gains overnight after Wall Street closed firmly in the green
- In FX, DXY pulled back, EUR/USD nursed some recent losses, USD/JPY hovered around 113.50 and CAD lagged
- Preliminary results from a small study showed a 40x reduction in neutralization capacity of the Pfizer vaccine against Omicron
- Early hospitalisation data from South Africa showed the new variant could result in...
07 Dec 2021, 11:52 by Newsquawk Desk
- European stocks have conformed to the risk appetite seen across global peers; US equity futures continue to rise - ES +1.3%
- In FX, the DXY is firmer but remains capped by 96.50, antipodeans outperform on base-metals while EUR & GBP are only marginally lower
- The RBA maintained its Cash Rate at 0.10% and weekly bond purchases at AUD 4bln until mid-February, as expected
- PBoC has lowered the relending rate by 25bps for agricultural and small...
07 Dec 2021, 06:54 by Newsquawk Desk
- Asia-Pac stocks traded mostly in the green following the positive close on Wall Street; US equity futures meandered higher overnight
- In FX, the DXY was indecisive, JPY underperformed, and AUD was boosted post-RBA as iron ore futures gained
- The RBA maintained its Cash Rate at 0.10% and weekly bond purchases at AUD 4bln until mid-February, as expected
- PBoC has lowered the relending rate by 25bps for agricultural and small companies, according...
06 Dec 2021, 11:54 by Newsquawk Desk
- Early gains across equities faded; Euro Stoxx 50 +0.5%, ES -0.1%, NQ -0.5%
- PBoC cut the RRR effective from December 15th; 50bp reduction that will release CNY 1.2tln in liquidity.
- The DXY is pressured at fresh lows but retains 96.00+ status with peers mixed as havens lag
- US President Biden and Russian President Putin are to hold a phone call on Tuesday at 15:00GMT/10:00EST
- Saudi Aramco over the weekend raised...
06 Dec 2021, 09:00 by Newsquawk Desk
- MON: EZ Sentix Index (Dec); Eurogroup meeting.
- TUE: RBA Announcement; German Industrial Output (Oct); German ZEW Survey (Dec); EZ GDP R (Q3), Employment F (Q3); US Trade (Oct); Japanese GDP R (Q3); Chinese Trade Balance (Nov); EIA STEO.
- WED: BoC Announcement; RBI Announcement; US JOLTS Job Openings (Oct).
- THU: Chinese Inflation (Nov); German Trade Balance (Oct).
- FRI German CPI F (Nov); UK GDP (Oct); US CPI...
06 Dec 2021, 06:52 by Newsquawk Desk
- Asian equities began the week cautiously following last Friday's negative performance stateside
- In FX, the DXY traded within a tight range, EUR and safe havens were subdued and activity currencies outperformed
- UK ministers announced fresh COVID-19 restrictions for travellers entering the UK
- US President Biden and Russian President Putin are to hold a phone call on Tuesday
- Saudi Aramco over the weekend raised official...
03 Dec 2021, 11:59 by Newsquawk Desk
- The positivity seen heading into the European open dissipated; US equity futures are seeing modest broad-based losses
- US Democratic Sen. Manchin is skeptical that the Build Back Better bill can pass the Senate this year, CNN sources state
- Caixin Services and Composite PMI data slowed from the prior month, but both remained in expansion territory
- The DXY has edged mild gains above 96.00; GBP was hit by a less hawkish Saunders and TRY saw CBRT...
03 Dec 2021, 06:54 by Newsquawk Desk
- Asian equities eventually traded mostly higher following the cyclical-led rebound in the US
- Caixin Services and Composite PMI data slowed from the prior month, but both remained in expansion territory
- The DXY has edged mild gains above 96.00 whilst EUR/USD and GBP/USD hover around 1.13 and 1.33 respectively
- The House and Senate both passed the stopgap funding bill to avert a government shutdown
- Looking ahead,...
02 Dec 2021, 11:52 by Newsquawk Desk
- Bourses across Europe have held onto losses seen at the cash open; US equity futures are firmer with RTY outpacing and NQ lagging
- South African scientist sees an exponential rise in new COVID cases with predominance of Omicron; India said the two cases it sees are mild
- Apple (AAPL) reportedly told iPhone component suppliers that demand has slowed down ahead of the holiday period
- Chinese advisors to recommend lowering the 2022 GDP growth...
02 Dec 2021, 06:55 by Newsquawk Desk
- Asian equities traded tentatively following the declines on Wall St where major indices extended on losses
- Selling stateside was exacerbated on confirmation of the first Omicron case in the US
- DXY oscillates around 96.00, EUR/USD remains above 1.13 and GBP/USD eyes 1.33
- TRY was pressured again after Turkish President Erdogan replaced the Finance Minister
- Looking ahead, highlights include EZ Unemployment Rate, US IJC,...
01 Dec 2021, 11:52 by Newsquawk Desk
- European bourses are firmer across the board with a clear cyclical bias; US futures are in the green with RTY outperforming
- US Conservatives on both sides of the Capitol are reportedly plotting to force a government shutdown Friday
- Chinese Caixin Manufacturing PMI fell short of estimates and slipped back into contraction territory
- The DXY traded on either side of 96.000 whilst TRY whipsawed on CBRT intervention and Erdogan...
01 Dec 2021, 06:55 by Newsquawk Desk
- Asian equity markets traded mostly positive as regional bourses atoned for the prior day’s losses
- US equities closed lower (S&P 500 -1.9%) amid ongoing COVID concerns and comments from Fed Chair Powell
- Chinese Caixin Manufacturing PMI fell short of estimates and slipped back into contraction territory
- The DXY is back below 96.00 with activity currencies leading gains against the greenback
- Looking ahead,...
30 Nov 2021, 12:02 by Newsquawk Desk
- Initial momentum for APAC equities was faded; European stocks remain under pressure
- This sentiment has seeped into US equity futures; RTY lags, NQ is cushioned by softer yields
- Moderna chief predicts that existing vaccines will be much less effective against the Omicron variant
- WSJ reported Regeneron's and Eli Lilly's COVID antiviral cocktails had lost efficacy vs the Omicron variant
- Oxford University said there is...
30 Nov 2021, 06:55 by Newsquawk Desk
- Initial momentum for APAC equities was faded amid downbeat comments from the Moderna CEO
- Moderna chief predicts that existing vaccines will be much less effective against the Omicron variant
- Chinese Manufacturing PMI (Nov) 50.1 vs. Exp. 49.6 (Prev. 49.2)
- Fed Chair Powell stated that the Omicron variant pose downside risks to employment and increased uncertainty for inflation
- The DXY heads into the European session...
29 Nov 2021, 12:00 by Newsquawk Desk
- Bourses in Europe are experiencing a mild broad-based rebound; US equity futures also see gains across the board
- South African Medical Association Chairwoman Coetzee said the new Omicron variant has resulted in mild symptoms so far
- DXY resides in a tight range, activity currencies are faring well; Friday's outperformers lag
- OPEC is to delay this week's JTC and JMMC meetings by two days. OPEC and OPEC+ meeting dates...
29 Nov 2021, 09:00 by Newsquawk Desk
- MON: German CPI Prelim. (Nov), EZ Economic Sentiment/Consumer Confidence Final (Nov), Canadian Producer Prices (Oct), Japanese Unemployment Rate (Oct); Iranian Nuclear Negotiations resume.
- TUE: New Zealand NBNZ Business Outlook (Nov), Australian Building Approvals (Oct), Chinese NBS & Composite PMIs (Nov), German Import Prices (Oct), Swiss KOF (Nov), German Unemployment (Nov), EZ CPI Flash (Nov), Canadian GDP (Q3), US Chicago PMI (Nov), Australian Manufacturing PMI Final...
29 Nov 2021, 06:55 by Newsquawk Desk
- Asia-Pac stocks traded cautiously and US equity futures rebounded from Friday’s hefty selling
- South African Medical Association Chairwoman Coetzee said the new Omicron variant has resulted in mild symptoms so far
- NIH Director Collins is optimistic that current vaccines are likely to protect against the Omicron
- The DXY has attempted to claw back some of Friday's losses. Activity currencies are faring well
- OPEC is to...
26 Nov 2021, 11:30 by Newsquawk Desk
- European equities are trading markedly lower (Stoxx 600 -2.9%) with losses in the Stoxx 600 extending to 3.8% WTD; ES -1.9%, RTY -4.2%
- The new variant is said to be the most evolved strain so far, prompting fears that it could be worse than Delta
- USTs and Bunds are notably firmer and safe-havens (JPY, CHF) lead the way in the G10 FX space
- WTI crude futures declined 6% to breach the USD 73.00/bbl level to the...
26 Nov 2021, 06:55 by Newsquawk Desk
- Asian equities and US futures are on the backfoot with markets spooked by new COVID variant concerns
- The new variant is said to be the most evolved strain so far, prompting fears that it could be worse than Delta
- USTs and Bunds are notably firmer and safe-havens (JPY, CHF) lead the way in the G10 FX space
- WTI crude futures declined nearly 3% to breach the USD 76.00/bbl level to the downside
- Looking ahead, highlights...
25 Nov 2021, 06:54 by Newsquawk Desk
- Asian equities traded mixed following the mostly constructive lead from the US which saw the NQ outperform
- FOMC minutes showed that some policymakers wished for a faster pace of purchases
- In FX, the DXY has marginally retreated after approaching 97.00, EUR/USD briefly lost 1.12 status
- Looking ahead, highlights include German GDP, Riksbank Rate Decision, ECB Minutes, ECB's Elderson, Schnabel, Lagarde, supply from Italy. US market closures for...
24 Nov 2021, 11:43 by Newsquawk Desk
- European bourses are subdued after initial firmer/mixed performance faded on German COVID-19 concerns, DAX -0.9%, ES -0.4%
- German coalition announcement due ~14:00GMT/09:00EST, focus on any COVID commentary given recent outgoing-government rhetoric
- DXY has risen to fresh YTD highs though JPY retains a modest bid while Bunds have whipsawed on COVID and poor issuance, USTs comparably more contained pre-data
- RBNZ hiked the OCR by 25bps to 0.75%...
24 Nov 2021, 06:54 by Newsquawk Desk
- Asia-Pac equity indices were mixed following the choppy performance of their US counterparts
- In FX, the DXY continues to hover around the 96.50 mark, NZD lags
- RBNZ hiked the OCR by 25bps to 0.75% as expected and vowed to take a steady approach going forward
- Oil prices held on to the prior day's gains after Brent and WTI crude futures rallied by more than 3% and 2% respectively
- Looking ahead, highlights include German...
23 Nov 2021, 11:47 by Newsquawk Desk
- European bourses are subdued after a mixed APAC handover with newsflow minimal and focused on the SPR, COVID and Biden's speech
- US futures are modestly lower, ES -0.2%, but performance has been comparably more contained following yesterday's late-doors selling pressure
- US President Biden to speak at 19:00GMT/14:00EST, via Politico; will be speaking on the economy and lowering prices
- The DXY has dipped from YTD highs but remains in proximity...
23 Nov 2021, 06:54 by Newsquawk Desk
- Asia-Pac stocks traded mixed following a similar performance in the US where the Nasdaq underperformed alongside firmer yields
- In FX, the DXY made further YTD highs, placing additional pressure on major counterparts
- A source report noted that the US Energy Department will announce a loan of oil from the SPR on Tuesday
- US President Biden's administration is reportedly mulling sending military advisers and new weapons to...
22 Nov 2021, 11:45 by Newsquawk Desk
- European bourses are mixed with catalyst sparse and focus on COVID; US futures firmer with RTY marginally outperforming
- FX is contained, DXY is softer but retaining 96.00; core debt has dipped after initial upside moves failed at key levels in thin volume pre-supply
- PBoC-backed China Foreign Exchange Committee instructed bank traders to limit speculation on the Yuan
- German coalition agreement could be attained as early as Monday or Tuesday...