01 Oct 2021, 12:10 by Newsquawk Desk
- Bourses in Europe kicked off the first trading day of Q4 on the back foot, although the selling has somewhat stabilised
- US equity futures have also succumbed to the risk aversion; Chinese markets commenced the Golden Week holiday
- In FX, the DXY maintains 94.00 status, EUR/USD trades sub-1.16 and GBP/USD attempts to reclaw losses
- The House refrained from voting on the USD 1tln bipartisan infrastructure framework on Thursday...
01 Oct 2021, 06:55 by Newsquawk Desk
- Asia-Pac stocks began Q4 on the backfoot following the negative handover from Wall St.
- The S&P 500 closed the month and quarter out with its worst performance since the start of the pandemic
- In FX, the DXY maintains 94.00 status, EUR/USD trades sub-1.16 and GBP/USD remains pressured
- Congress passed the stopgap funding bill to avert a government shutdown
- The House refrained from voting on the USD 1tln bipartisan...
30 Sep 2021, 12:06 by Newsquawk Desk
- The upside momentum seen across US and European equity futures overnight stalled, with equities losing ground heading into the US session
- In FX, DXY eclipsed 94.500, EUR/USD hit a 14-month low, USD/JPY trades on either side of 112.00
- Chinese official Manufacturing PMI disappointed, whilst the Non-Manufacturing and Composite returned to expansionary territory
- The House passed the bill to suspend the debt ceiling to December 2022; unlikely to...
30 Sep 2021, 06:56 by Newsquawk Desk
- Asia-Pac stocks traded somewhat varied with the region indecisive at quarter-end and as participants digested a slew of data releases
- Chinese official Manufacturing PMI disappointed, whilst the Non-Manufacturing and Composite returned to expansionary territory
- In FX, the DXY remains on a 94.00 handle, whilst EUR/USD recouped 1.16 status and GBP/USD trades on a 1.34 handle
- The House passed the bill to suspend the debt ceiling to December...
29 Sep 2021, 12:02 by Newsquawk Desk
- Bourses in Europe are attempting to claw back some ground lost yesterday; the Oil & Gas sector lags while Tech recovers
- In FX, DXY printed a new YTD high sub-94.00, EUR/USD hit fresh 2021 lows and the NZD underperforms
- Evergrande sold CNY 10bln of shares in Shengjing Bank that will be used to pay the developer’s debt owed to the company
- Japan's Kishida has been elected as the leader of the LDP Party and as the new Japanese...
29 Sep 2021, 06:55 by Newsquawk Desk
- Asian equity markets were pressured on spillover selling from global peers which saw the S&P 500 suffer its worst day since May
- Tech losses were magnified as yields climbed and with sentiment also dampened by weak data
- Evergrande sold CNY 10bln of shares in Shengjing Bank that will be used to pay the developer’s debt owed to the company
- In FX markets, the USD held on to most of the prior day’s gains, EUR/USD and GBP/USD remain on 1.16...
28 Sep 2021, 12:04 by Newsquawk Desk
- Bourses in Europe extended on the losses seen at the cash open and trade lower across the board
- US equity futures have also been hit in tandem with the surge in global yields; NQ underperforms
- US 10yr yield rose further above 1.50%, the 20yr topped 2.00% and the UK 10yr hit 1.00% for the first time since March 2020
- Advances in the crude complex saw Brent Nov contract reach USD 80/bbl, although volume and open interest has migrated to...
28 Sep 2021, 06:54 by Newsquawk Desk
- Asian equity markets traded mixed following on from a Wall Street lead where value outperformed growth
- The DXY heads into the European open marginally softer with EUR/USD and GBP/USD on 1.17 and 1.37 handles respectively
- Advances in the crude complex saw Brent reach USD 80/bbl for the first time since October 2018
- The Senate voted along party lines to block the bill to suspend the debt limit and avoid a government...
27 Sep 2021, 11:55 by Newsquawk Desk
- Bourses in Europe have trimmed the gains seen at the open, albeit the region remains mostly in positive territory
- US equity futures vary, with the NQ (-0.3%) lagging as yields tick higher, whilst the RTY (+0.4%) outperforms
- In FX, the DXY eyes 93.500, EUR/USD fell below 1.1700 whilst USD/JPY inches closer to 111.00
- The German election results saw a narrow victory for the SPD, with the Greens and FDP set to play a key role in the...
27 Sep 2021, 06:57 by Newsquawk Desk
- Asian equity markets traded somewhat mixed with the region finding encouragement from reopening headlines
- That said, gains were capped heading towards month-end, while German election results remained tight and Evergrande uncertainty continued to linger
- The German election results saw a narrow victory for the SPD, with the Greens and FDP set to play a key role in the coalition-building process
- EUR was relatively unfazed by the inconclusive...
24 Sep 2021, 11:54 by Newsquawk Desk
- European bourses and US futures are subdued with Evergrande updates sparse and participants looking to Fed speak, ES -0.3%
- Silence from Evergrande and lack of coupon payments for its offshore bonds, stirred uncertainty for the company & APAC sentiment
- The DXY holds on to 93.00 but peers are generally contained aside from antipodeans while core debt remains depressed as the Gilt yield inches to 1.00%
- Chinese State Planner has issued a...
24 Sep 2021, 06:53 by Newsquawk Desk
- Asian equity markets traded mixed with the region failing to fully sustain the impetus from the positive performance across global counterparts
- Silence from Evergrande and lack of coupon payments for its offshore bonds, stirred uncertainty for the company
- The DXY holds on to 93.00 status with FX markets relatively contained ahead of the European session
- White House Budget Office will reportedly tell federal agencies to begin preparations for...
23 Sep 2021, 11:52 by Newsquawk Desk
- Risk sentiment remains positive after the APAC-lead; however, latest Evergrande sources have tarnished sentiment somewhat, ES +0.6%
- Chinese authorities are asking local governments to begin preparations for the potential downfall of Evergrande, WSJ citing sources
- On the subject, China has told Evergrande to avoid a near-term USD bond default; we await details of today's payment
- DXY is subdued with peers firmer across the board ex-JPY on the...
23 Sep 2021, 06:52 by Newsquawk Desk
- The FOMC gave notice that a reduction in the pace of asset purchases may soon be warranted
- Fed Median dot plot sees 1 hike in 2022 (prev. 0); 3 hikes in 2023 (prev. 2); 7 hikes through 2024; long run 9 (prev. 9)
- Asian equity markets traded mostly positively as the region took its cue from the gains in the US
- DXY has pulled back a touch from advances above 93.50 and EUR/USD has reclaimed 1.17 to the upside
- Looking...
22 Sep 2021, 11:44 by Newsquawk Desk
- Risk sentiment has strengthened on China's return to market amid PBoC liquidity operations and Evergrande developments
- Evergrande’s main unit Hengda Real Estate will make domestic coupon payments due tomorrow; offshore payments unclear, sources
- Equities are firmer with Europe marginally outperforming ahead of the US entrance with attention on the FOMC, ES +0.3%
- FX features a softer but contained DXY with debt equally uninspiring and perhaps...
22 Sep 2021, 06:53 by Newsquawk Desk
- Asian equity markets traded mixed as caution lingered ahead of upcoming risk events including the FOMC
- Participants also digested the latest Evergrande developments and China’s return to the market from the Mid-Autumn Festival
- Evergrande’s main unit Hengda Real Estate will make coupon payments due tomorrow
- In FX, the DXY is rangebound, activity currencies lead and havens lag in the G10 FX space
- US House voted 220 vs...
21 Sep 2021, 11:45 by Newsquawk Desk
- European bourses & US futures are firmer in an attempt to recoup yesterday's losses; albeit, we remain lower on the week thus-far
- Evergrande Chairman provided upbeat commentary; but, China remains on holiday and we await Thursday's bond interest deadline
- In FX, the DXY has been rangebound with a downside bias above 93.00 with peers firmer across the board ex-JPY
- Canadian PM Trudeau is projected to win a 3rd term with his Liberal party...
21 Sep 2021, 06:54 by Newsquawk Desk
- Asian equities traded cautiously following the recent downbeat global risk appetite
- Wall Street saw its heaviest losses since May with the S&P closing lower by 1.7%
- In FX, the DXY was rangebound above 93.00, EUR/USD was steady after finding support at 1.17 and GBP/USD nursed losses sub-1.37
- Canadian PM Trudeau is projected to win a 3rd term with his Liberal party set to form a minority government
- US House Speaker...
20 Sep 2021, 11:34 by Newsquawk Desk
- European bourses trade with losses across the board; US equity futures conform to the risk aversion with NQ narrowly outperforming vs RTY
- Asia-Pac stocks were spooked at the start of the week; Mainland China, Japan, South Korea and Taiwan were closed
- Evergrande fell 17% on default fears; executives redeemed some company investment products in advance earlier this year
- In FX, DXY and JPY are bolstered and core debt is bid, US yield curve...
20 Sep 2021, 09:00 by Newsquawk Desk
- MON: Canadian Election; Swedish Budget; Japan Market Holiday.
- TUE: RBA Minutes (Sep); BI Policy Decision; NHB Policy Decision; Riksbank Policy Decision.
- WED: FOMC Policy Decision; BoJ Policy Decision; PBoC LPR Setting; BCB Policy Decision.
- THU: BoE Policy Decision; SNB Policy Decision; Norges Bank Policy Decision; CBRT Policy Decision; SARB Policy Decision; EZ, UK, US Flash PMIs (Sep); New Zealand Trade Balance...
20 Sep 2021, 06:53 by Newsquawk Desk
- Asia-Pac stocks were spooked at the start of the week; Mainland China, Japan, South Korea and Taiwan were closed
- US equity futures also slipped overnight with the RTY underperforming, NQ losses were less pronounced
- In FX, DXY extended gains above 93.00, USD/JPY fell under 110.00, and antipodeans underperformed
- Evergrande fell 17% on default fears; executives redeemed some company investment products in advance earlier this...
17 Sep 2021, 11:54 by Newsquawk Desk
- Equities have come under pressure on Quad Witching Day, ES -0.3%, Euro Stoxx 50 -0.1%
- In FX, the DXY has pulled back to the modest benefit of peers while debt is softer but off worst levels
- US and Australia issued a joint statement that noted they will strengthen ties with Taiwan
- ECB stated the FT story regarding inflation and a potential rate increase is not accurate; de Cos and Kazaks also spoke
- The UK travel red...
17 Sep 2021, 06:54 by Newsquawk Desk
- Asian equity markets traded mixed with the region tentative; US equity futures drifted higher overnight
- In FX, DXY pulled back from yesterday's highs, GBP/USD reclaimed 1.3800 and antipodeans narrowly outperformed
- US and Australia issued a joint statement that noted they will strengthen ties with Taiwan
- ECB stated the FT story regarding inflation and a potential rate increase is not accurate
- The UK travel red list...
16 Sep 2021, 11:58 by Newsquawk Desk
- European/US equity futures diverge with US benchmarks under modest pressure ahead of US data
- DXY is firmer with peers pressured across the board ex-NZD; core debt is subdued as short-lived consolidation fizzled out
- US, UK and Australia agreed on a new security partnership for the Indo-Pacific region
- UK ministers are to announce that vaccinated travelers will no longer be required to take a COVID test before entering...
16 Sep 2021, 06:52 by Newsquawk Desk
- Asian equity markets traded mostly lower; US equity futures traded flat with a downside bias
- In FX, the DXY was rangebound, USD/JPY was subdued, antipodeans traded indecisively
- Crude prices held onto the prior session's gains
- US, UK and Australia agreed on a new security partnership for the Indo-Pacific region
- UK ministers are to announce that vaccinated travellers will no longer be required to take a COVID test...