30 Aug 2024, 06:35 by Newsquawk Desk
- APAC stocks traded higher across the board despite a lack of fresh catalysts following a mixed lead from Wall Street, and ahead of US PCE and the US long weekend.
- DXY traded within a very narrow range, EUR and GBP were uneventful, while JPY held a firmer bias after the Tokyo CPI surprisingly ticked higher.
- Fixed income futures diverged slightly overnight, with USTs flat ahead of PCE, Bunds faded gains pre-EZ CPI, and JGBs softer after Tokyo...
29 Aug 2024, 11:10 by Newsquawk Desk
- European bourses edge higher with Tech leading; US futures are slightly higher, NVDA -1.5% pre-market vs -4.9% after-hours
- Dollar is firmer, Antipodeans outperform given the risk-tone whilst EUR is hampered post-German State CPIs
- Bonds have been lifted after the cool German State CPIs vs mainland expectations
- Crude is lower and near session lows, XAU gains whilst base metals are broadly lower
- Looking ahead, US PCE...
29 Aug 2024, 06:35 by Newsquawk Desk
- APAC stocks traded with modest losses across the board following the weak lead from Wall Street and in the aftermath of NVIDIA's ill-received earnings.
- NVIDIA settled -6.9 % after-market despite solid earnings and a USD 50bln share buyback, some suggested disappointment as metrics fell short of the highest forecasts.
- NZD was boosted after ANZ Business Outlook soared whilst JGB futures saw upticks on a well-received 2-year JGB...
28 Aug 2024, 11:24 by Newsquawk Desk
- European bourses are generally firmer, US futures flat/firmer but NQ leads ahead of NVDA earnings after-hours
- Dollar is firmer, AUD fares best post-CPI & EUR underperforms
- Bonds are incrementally firmer awaiting impetus from Fed speak and US 5yr supply
- Crude continues to slip, XAU and base metals hampered by the firmer Dollar
- Looking ahead, DoEs, Fed's Bostic, BoE's Mann, Supply from the US, and earnings from...
28 Aug 2024, 06:25 by Newsquawk Desk
- APAC stocks traded subdued but mostly within tight ranges following a mixed lead on Wall Street ahead of NVIDIA earnings.
- DXY ticked higher during the back end of the APAC session, USD/JPY gradually rose, AUD/USD saw upside on hotter-than-expected Aussie CPI.
- The Israeli army launched a large-scale operation against militants in various parts of the northern West Bank; the operation is expected to last days.
- European equity futures are...
27 Aug 2024, 11:10 by Newsquawk Desk
- Equities are modestly firmer across the board, despite a mostly lower APAC session overnight
- Dollar is flat, GBP outperforms with Cable back above 1.32, JPY is lower
- Bonds hold a bearish bias, with Bunds unreactive to the poor German GDP/GfK metrics
- Crude is on the back foot, XAU is slightly softer and base metals gain
- Looking ahead, US Richmond Fed, NBH Policy Announcement, Fed Discount Rate Minutes, and Supply from...
27 Aug 2024, 06:35 by Newsquawk Desk
- APAC stocks traded mostly lower in quiet newsflow following a mixed lead from Wall Street, which saw the tech sector lag ahead of NVIDIA earnings on Wednesday.
- DXY traded in a tight range with a mild upward bias. JPY lagged on yield differentials whilst EUR and GBP were flat and Antipodeans rebounded.
- Microsoft (MSFT) CEO Satya Nadella sold 14,398 shares of Microsoft at an average price of USD 417.412/shr on Aug 23rd; Apple (AAPL) named Kevan Parekh as its new...
26 Aug 2024, 11:05 by Newsquawk Desk
- Modest downside for European bourses while US futures pick up into a week headlined by NVDA & PCE
- Weekend newsflow dominated by geopols; as it stands, we are awaiting any fresh details from Hezbollah and/or Israel on their next steps
- Action which has underpinned crude, haven-FX and XAU. USTs largely unreactive while EGBs came under pressure on a better-than-feared Ifo
- The event between Hezbollah and Israel was framed as one of the...
26 Aug 2024, 06:30 by Newsquawk Desk
- APAC stocks kicked off the week mixed following the state-side gains on Wall Street after Fed Chair Powell's dovish pivot, whilst the weekend was packed with geopolitics.
- Lebanon's Hezbollah launched hundreds of rockets and drones at Israel early on Sunday. Israel's military said it struck Lebanon with around 100 jets to thwart a larger attack; Gaza talks in Cairo ended without agreement but negotiations continue.
- DXY is steady on a 100 handle, EUR/USD briefly...
23 Aug 2024, 17:51 by Newsquawk Desk
- MON: UK Market Holiday (Bank Holiday), German Ifo (Aug)
- TUE: CBRT Minutes, Chinese Industrial Profit (Jul), German GfK Consumer Sentiment (Sep)
- WED: Australian CPI (Jul), Nvidia (NVDA) Earnings (Q2)
- THU: Spanish Flash CPI (Aug), German State CPIs (Aug), EZ Sentiment Survey (Aug), US GDP (2nd) and PCE (Q2)
- FRI: Japanese Tokyo CPI (Aug), French Prelim CPI (Aug), German Unemployment (Aug), EZ Flash CPI (Aug),...
23 Aug 2024, 10:50 by Newsquawk Desk
- European bourses are modestly firmer, whilst US futures gain to a slightly higher degree
- Dollar is flat, Antipodeans leads, JPY initially propped up by BoJ Governor Ueda, but has since pared
- Bonds are in a holding pattern ahead of Fed Chair Powell
- Crude is firmer and near session highs, XAU gains but is still below 2500, base metals in the green
- Looking ahead, Canadian Retail Sales, Jackson Hole Symposium, Speeches...
23 Aug 2024, 06:40 by Newsquawk Desk
- APAC stocks were ultimately mixed amid cautiousness as braced for a slew of global central bank rhetoric including Fed Chair Powell's speech at the Jackson Hole Symposium.
- Fed's Collins (2025 voter) said the timing seems appropriate to begin easing monetary policy and policy is well-positioned, while she wants a gradual approach to interest rate cuts.
- USD/JPY retreated beneath the 146.00 level and saw further downside alongside comments from BoJ Governor Ueda at a...
22 Aug 2024, 11:15 by Newsquawk Desk
- European bourses are mostly firmer across the board; US futures gain incrementally
- Dollar is trivially higher, GBP outperforms following stronger than expected PMI metrics
- Bonds are lower following the generally better than expected PMI releases, particularly in France the EZ and the UK; Germany continues to print poor metrics
- Crude is flat, XAU is slightly softer but remains above USD 2500/oz
- Looking ahead, US PMIs,...
22 Aug 2024, 06:45 by Newsquawk Desk
- APAC stocks traded with a mild positive bias after the gains on Wall St where a downward payrolls revision and the FOMC Minutes further supported the consensus for a September Fed rate cut.
- FOMC Minutes from the July meeting continued to point to a September move as a vast majority of participants said it would likely be appropriate to ease policy at the next meeting if data continued to come in as expected.
- DXY nursed some losses after retreating yesterday to...
21 Aug 2024, 11:10 by Newsquawk Desk
- European bourses are mostly modestly firmer; US futures rangebound ahead of US Payroll Revisions and the FOMC Minutes
- Dollar is incrementally firmer, JPY is the clear underperformer with USD/JPY around 146.00
- Bonds are flat with traders mindful of today’s key risk events
- Crude is flat, XAU is rangebound and holds just above USD 2500/oz, base metals entirely in the green
- Looking ahead, Canadian Producer Prices, US...
21 Aug 2024, 06:25 by Newsquawk Desk
- APAC stocks were subdued following the lacklustre performance stateside where the major indices finished with mild losses.
- European equity futures indicate a marginally positive open with Euro Stoxx 50 future up 0.2% after the cash market finished with losses of 0.2% on Tuesday.
- DXY remains on a 101 handle, JPY is the marginal laggard across the majors, EUR/USD holds onto 1.11 status.
- A deal to bring an end to the fighting in Gaza was said...
20 Aug 2024, 11:05 by Newsquawk Desk
- European equities are mostly, but modestly firmer (ex-FTSE 100); US futures are flat
- Dollar is flat, NZD outperforms and USD/JPY back to 146.50
- Bonds are incrementally firmer, Bunds dipped slightly on German Producer Prices but then edged higher as the morning progressed
- Crude is lower in a continuation of the prior day’s price action; XAU prints another fresh ATH at USD 2521/oz and base metals gain
- Looking ahead,...
20 Aug 2024, 06:30 by Newsquawk Desk
- APAC stocks traded mixed and only partially took impetus from the tech-led gains stateside amid a lack of major macro drivers.
- European equity futures indicate a slightly positive open with Euro Stoxx 50 future up 0.1% after the cash market finished with gains of 0.6% on Monday.
- DXY remains sub-102, JPY has given back some gains vs. the USD, Cable is unable to breach 1.30.
- ECB's Rehn said the recent increase in negative growth risks in the...