13 Dec 2021, 06:54 by Newsquawk Desk
- Asia-Pac equity markets took their cues from last Friday’s gains on Wall Street; US equity futures traded with mild upside overnight
- In FX, the DXY eked mild gains, EUR/USD slipped back under 1.1300 and USD/JPY traded around 113.50
- UK raised its COVID alert level to 4 from 3 and accelerated its booster programme
- UK PM Johnson is reportedly no longer seeking the immediate axing of the ECJ from its role in enforcing the Northern Ireland...
10 Dec 2021, 11:52 by Newsquawk Desk
- European bourses are softer while US equity futures are marginally firmer ahead of US CPI; ES +0.3%
- In FX, the DXY extended on gains in European hours, best level just shy of 96.50, and with peers subdued across the board
- PBoC set USD/CNY mid-point at 6.3702 vs exp. 6.3499 (prev. 6.3498); CBRT intervened in FX markets
- Taiwan says 13 Chinese PLA planes entered the Air Defence Identification Zone (ADIZ) on...
10 Dec 2021, 06:54 by Newsquawk Desk
- Asia-Pac stocks were on the back foot as the region took its cue from the weak performance in the US
- In FX, DXY was steady in a tight range, USD/JPY traded on either side 113.50, USD/CNH saw volatility at the PBoC CNY fix
- PBoC set USD/CNY mid-point at 6.3702 vs exp. 6.3499 (prev. 6.3498)
- Sources in Brussels are confident regarding a compromise on medicines with the UK before year-end
- US oil export ban is not on the...
09 Dec 2021, 12:03 by Newsquawk Desk
- Stocks in Europe have been drifting lower, US equity futures have also succumbed to the modest downside; ES -0.3%
- In FX, the DXY extends above 96.00 with JPY perhaps capping upside while the CNH saw downside on PBoC raising FX RRR by 2ppts
- Chinese PPI topped expectations whilst CPI Y/Y missed but registered the fastest pace of increase since August last year
- Views on the ECB's Governing Council reportedly converging on a limited, temporary...
09 Dec 2021, 06:53 by Newsquawk Desk
- Asian equity markets eventually traded mixed as the early tailwinds from the US gradually waned
- In FX, the DXY recouped some of its recent losses, EUR was subdued and JPY was indecisive
- Chinese PPI topped expectations whilst CPI Y/Y missed but registered the fastest pace of increase since August last year
- PBoC is reportedly seeing its special status beginning to erode with the government starting to push its influence on the central bank,...
08 Dec 2021, 11:45 by Newsquawk Desk
- Broader sentiment was dented on UK COVID Plan B updates; US equity futures mostly hold onto mild gains
- UK sources suggest an 85% chance of implementing COVID Plan B, potentially from Thursday; press conference at 17:30GMT/12:30EST
- Apple (+0.7% pre-mkt) was forced to scale back its total output target for 2021 and reportedly told suppliers to accelerate iPhone production for November-January
- House approved the measure to speed the debt limit...
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...