15 Nov 2021, 06:53 by Newsquawk Desk
- Asian equity markets began the week with a lack of firm direction as the region digested varied tier-1 economic data
- Releases included better than expected Chinese activity data and a miss on Japanese GDP
- DXY heads into the European session around the 95.00 mark. Antipodeans lead gains vs. the USD
- White House said it is looking at every tool in its arsenal to address the rise in gas prices
- Looking ahead, highlights...
12 Nov 2021, 11:50 by Newsquawk Desk
- European bourses & US futures are modestly firmer, action has been very rangebound in quiet trade, ES +0.1%
- Russian Defence Ministry says US military activity in the Black Sea is aggressive and poses a threat to regional and strategic stability, IFX.
- DXY remains above 95.00 but the broader complex is mixed with similar performance in fixed income on the return of cash Treasuries
- Johnson & Johnson (JNJ) is planning to split into two...
12 Nov 2021, 06:52 by Newsquawk Desk
- Asian equity markets traded mostly higher following a mixed session in the US
- Stateside, SPX closed flat, DJIA lower, NDX bid, and RUT outperformed
- The DXY has extended on gains above 95.00, adding further pressure to major counterparts
- Mexican Central Bank raised its interest rate by 25bps to 5.0%, as expected
- Looking ahead, highlights include Eurozone Industrial Production, US JOLTS, Uni. of Michigan, ECB's...
11 Nov 2021, 11:52 by Newsquawk Desk
- European bourses are contained with newsflow minimal given Veteran's Day and the light docket; ES +0.3%
- In FX, the DXY has eclipsed 95.00 with peers pressured across the board with Cable losing 1.3400 and EUR/USD approaching 1.1450
- WTI and Brent have been choppy but come under further pressure as the USD picks-up ahead of the OPEC MOMR
- US Senator Manchin could reportedly "punt" Biden's Build Back Better agenda to next year amid inflation...
11 Nov 2021, 06:53 by Newsquawk Desk
- Asian equity markets traded mixed as positive headlines out of China provided reprieve from losses in the US
- Evergrande was reported to have paid the overdue interest on three bonds to avoid a default
- In FX, the DXY tested 95.0 to the upside, EUR/USD trades sub-1.15 and AUD lags post-jobs data
- US Senator Manchin could reportedly "punt" Biden's Build Back Better agenda to next year amid inflation concerns
- Looking...
10 Nov 2021, 11:53 by Newsquawk Desk
- European bourses & US futures are rangebound and directionless ahead of US data, with IJC also due given Veteran's day
- DXY is bolstered having reclaimed 94.00 with peers subdued across the board and NZD lagging on data
- Core debt is subdued pre-CPI with ECB-related updates and another poor German issuance factoring
- Chinese consumer prices registered their fastest increase in more than a year and factory gate prices rose at a fresh record...
10 Nov 2021, 06:53 by Newsquawk Desk
- Asian equity markets traded negatively after a lacklustre handover from Wall Street where the major indices took a break from recent advances
- Chinese consumer prices registered their fastest increase in more than a year and factory gate prices rose at a fresh record pace
- A virtual meeting between US President Biden and Chinese President Xi is reportedly planned for as soon as next week
- The DXY heads into the European session north of 94.00,...
09 Nov 2021, 11:56 by Newsquawk Desk
- European bourses and US futures are contained with fundamental updates minimal and data not moving the dial ahead of Fed speak, ES +0.1%
- FX has seen the DXY lose 94.00 to the modest benefit of peers across the board while core debt is firmer experiencing a grinding bid
- Fed's Brainard was interviewed by President Biden for the Fed Chair role last week, according to reports
- Looking ahead, highlights include US PPI, ECB's Panetta, Lagarde,...
09 Nov 2021, 06:53 by Newsquawk Desk
- Asia-Pac stocks traded indecisively and were unable to benefit from the positive Wall St. handover
- Stateside, the S&P 500 notched an 8th consecutive record close
- In FX, the DXY has lost 94.00 status, JPY leads gains vs. the USD whilst EUR/USD has reclaimed 1.16
- Fed's Brainard was interviewed by President Biden for the Fed Chair role last week, according to reports
- Looking ahead, highlights include German Trade...
08 Nov 2021, 11:20 by Newsquawk Desk
- European bourses/US futures are contained awaiting the US entrance and notable Central Bank speakers, ES +0.1%, NQ -0.1%
- Tesla (TSLA) CEO Musk, via a Twitter poll, asked if he should sell a 10% stake (~USD 21bln) in Tesla, 57.9% voted "Yes"; -6.0% in pre-market
- DXY has been choppy though G10 peers, ex-NZD & CHF, are contained while core debt dips after Friday's upside
- US House voted to pass the USD 1.2tln bipartisan infrastructure bill...
08 Nov 2021, 06:54 by Newsquawk Desk
- Asian equity markets began the week subdued; US equity futures were mostly lower with underperformance in the NQ
- Tesla (TSLA) CEO Musk, via a Twitter poll, asked if he should sell a 10% stake (~USD 21bln) in Tesla; 57.9% voted "Yes" with over 3.5mln total votes
- US House voted to pass the USD 1.2tln bipartisan infrastructure bill late on Friday and sent it to President Biden for signing
- Chinese trade data showed a larger-than-expected trade...
05 Nov 2021, 10:55 by Newsquawk Desk
- European bourses are firmer after a directionless open, amid a grinding bid throughout the session with US futures following suit; ES +0.3
- US House is to meet at 12:00GMT/08:00EDT to debate the procedural “rule” to put the social spending bill on the floor; hoping to debate & vote today
- The DXY remains bid and is in proximity to the current YTD peak of 94.563 with peers subdued and GBP still reeling post-BoE
- Core debt diverges with EGBs...
05 Nov 2021, 06:54 by Newsquawk Desk
- Asian equity markets traded cautiously following a somewhat mixed handover from the US
- The S&P 500 and Nasdaq extended on fresh record highs with outperformance in rate-sensitive stocks
- The DXY has held on to gains above 94.00, EUR/USD remains on a 1.15 handle and GBP/USD trades sub-1.35
- Looking ahead, highlights include German Industrial Production, Eurozone Retail Sales, US and Canadian Labour Market Reports, ECB's de Guindos,...
04 Nov 2021, 11:03 by Newsquawk Desk
- European bourses are firmer continuing the post-FOMC APAC tailwinds with US futures marginally positive but rangebound, ES +0.1%
- DXY is firmed and comfortably above 94.00 with EUR lagging and below 1.1550 & Cable pressured pre-BoE
- OPEC+ is likely to stick to plans to raise output by 400k BPD despite calls from the US for extra supply, according to sources
- House majority leader Hoyer said votes on bipartisan infrastructure framework and...
04 Nov 2021, 06:54 by Newsquawk Desk
- The FOMC announced its tapering schedule as expected whilst stressing patience on rate hikes
- Asia-Pac stocks traded higher amid tailwinds from the fresh record highs stateside in the aftermath of the FOMC
- DXY heads into the European open firmer and north of 94.00, EUR lags in the G10 space with EUR/USD sub-1.16
- Iran said nuclear talks will resume on November 29th in Vienna
- Looking ahead, highlights include German...
03 Nov 2021, 10:55 by Newsquawk Desk
- European bourses & US futures are contained in pre-FOMC trade; ES -0.1%
- China's most recent COVID-19 outbreak is reportedly the most widespread since Wuhan
- DXY is pressured and briefly lost 94.00 but held above yesterday's trough with peers deriving modest gains; TRY lags in EMs
- ECB's Lagarde said despite the current inflation surge, the outlook for inflation over the medium term remains subdued, three ECB conditions for hike unlikely to...
03 Nov 2021, 06:54 by Newsquawk Desk
- Asian equity markets traded mixed; Chinese Caixin Services PMI topped expectations
- US equity futures traded flat overnight in the run-up to the FOMC announcement
- China's most recent COVID-19 outbreak is reportedly the most widespread since Wuhan
- The UK reportedly seeks new legal advice to back possible changes to Northern Ireland protocol
- US President Biden suggested that elevated gas and oil prices are due to a...
02 Nov 2021, 10:58 by Newsquawk Desk
- European bourses are diverging somewhat after a lacklustre open following the similar APAC handover, Stoxx 50 +0.1%
- US futures are mixed but relatively contained though the NQ -0.2% lags marginally given pressure in TSLA, -6.0% pre-market
- DXY has been erring higher throughout the session to the detriment of peers with AUD lagging post-RBA; USTs are firmer and the yield curve steeper
- The RBA maintained the Cash Rate Target at 0.10% but...
02 Nov 2021, 06:54 by Newsquawk Desk
- Asian equities traded mixed after failing to benefit from the momentum in the US
- Stocks were firmer across major US indices with a clear tilt to small-cap Russell 2k vs SPX/NDX
- The RBA maintained the Cash Rate Target at 0.10% but dropped the April 2024 government bond yield target
- The DXY remains sub-94.00, JPY has gained vs. the USD whilst AUD lags post-RBA
- Looking ahead, highlights include EZ Manufacturing (Final)...
01 Nov 2021, 10:59 by Newsquawk Desk
- European bourses are firmer with US futures supported following the predominantly positive APAC lead, ES +0.4%
- Chinese official Manufacturing and Non-Manufacturing PMIs disappointed analysts’ forecasts
- The Japanese general election saw the ruling LDP maintain a majority in the lower house
- The DXY has held on to 94.00 status, EUR/USD and GBP/USD sit on 1.15 and 1.36 handles respectively while safe-havens lag slightly on...
01 Nov 2021, 09:00 by Newsquawk Desk
- SUN: Japanese Lower House Election, G20 Summit, COP26.
- MON: CBR MPR; Chinese Caixin Manufacturing PMI Final (Oct), German Retail Sales (Sep), UK, US & Canadian Manufacturing PMI Final (Oct), US ISM Manufacturing PMI (Oct).
- TUE: RBA Policy Announcement, BoJ Minutes (Sep); EZ Manufacturing PMI Final (Oct), Australian Composite & Services PMIs Final (Oct), New Zealand HLFS Unemployment (Q3).
- WED: FOMC Policy Announcement, US...
01 Nov 2021, 06:54 by Newsquawk Desk
- Asia-Pac bourses traded mostly higher amid tailwinds from last Friday's fresh record highs in the US
- Chinese official Manufacturing and Non-Manufacturing PMIs disappointed analysts’ forecasts
- The Japanese general election saw the ruling LDP maintain a majority in the lower house
- The DXY has held on to 94.00 status, EUR/USD and GBP/USD sit on 1.15 and 1.36 handles respectively
- House Democrats are seeking to pass the...
29 Oct 2021, 11:44 by Newsquawk Desk
- Equity bourses are pressured following a soft APAC handover and NQ (-1.0%) underperformance post-AAPL & AMZN
- Apple (-3.9%) and Amazon (-4.8%) both initially fell over 5% post-earnings; both firms cited supply chain issues
- RBA again refrained from defending the Apr 2024 bond yield; bond yield rose to above 0.80% vs RBA's 0.10% target; global yields are elevated
- US House Speaker Pelosi confirmed that the House vote on the Infrastructure...
29 Oct 2021, 06:50 by Newsquawk Desk
- Asia-Pac equities initially traded lower, but later painted a mixed picture; US equity futures traded with a downside bias
- Apple (-3.5% AM) and Amazon (-4.0% AM) both initially fell over 5% post-earnings; both firms cited supply chain issues
- Facebook (FB) to rebrand as "Meta" - new ticker "MVRS" to trade from December 1st
- RBA again refrained from defending the Apr 2024 bond yield; bond yield rose to 0.77% vs RBA's 0.10%...
28 Oct 2021, 11:39 by Newsquawk Desk
- European bourses are contained after a subdued APAC lead, with performance dictated by the packed earnings docket; ES +0.1%
- In FX, the DXY is modestly firmer but sub-94.00, though peers are mixed across the board and relatively contained overall
- Australian bond yields spiked higher after the RBA refrained from purchasing the April 2024 yield-target bond; US yield curve is experiencing pronounced flattening
- BCB hiked its Selic Rate by 150bps...