27 Apr 2021, 11:55 by Newsquawk Desk
- Equity indices have been drifting throughout the morning with European bourses slightly lower than relatively unchanged US futures ahead of large-cap earnings
- Tesla is lower in pre-market trade despite Q1 earnings beating on top and bottom lines with the Co. profiting from its Bitcoin holdings
- BoJ kept policy settings unchanged reducing inflation but increasing growth forecasts while the Riksbank reiterated its stance
- The DXY is firmer and...
27 Apr 2021, 06:54 by Newsquawk Desk
- Asia-Pac stocks failed to take impetus from the mostly positive close and fresh record levels stateside
- BoJ kept policy settings unchanged, reduced inflation forecasts for the current fiscal year and upgraded growth projections
- In FX, the DXY remains supported and eyes 91.00 to the upside, EUR/USD and GBP/USD remain sub-1.21 and 1.39 respectively
- Tesla was lower in after-hours trade despite Q1 earnings beating on top and bottom lines with...
26 Apr 2021, 11:33 by Newsquawk Desk
- European indices have been choppy but contained throughout the morning, with US futures mixed but similarly rangebound, ahead of key risk events this week
- The USD remains pressured to the modest benefit of major peers though EUR fails to derive support hindered by GBP while JPY is steady ahead of the BoJ
- Core debt is softer as earlier rebounds fizzled out ahead of 2 & 5yr issuance due stateside today while the US yield curve is marginally...
26 Apr 2021, 09:00 by Yogesh Chandarana
- MON: German Ifo Survey (Apr); US Durable Goods (Mar).
- TUE: BoJ Policy Decision and Outlook Report; Riksbank Policy Decision; MNB Policy Decision; South Korean GDP (Q1).
- WED: FOMC Policy Decision; Australian CPI (Q1), German GfK Sentiment (May); Canadian Retail Sales (Feb), JMMC Meeting.
- THU: German Unemployment Data (Apr) and Prelim CPI (Apr); US GDP and PCE Prices Adv (Q1).
- FRI: Chinese Official PMIs (Apr);...
26 Apr 2021, 06:53 by Newsquawk Desk
- Asia-Pac equity markets traded tentatively albeit with a positive tilt ahead of a slew of upcoming risk events
- In FX, the DXY remained pressured below 91.00, EUR/USD and GBP/USD breached 1.21 and 1.39 to the upside respectively
- US Senator Manchin says that he would prefer a more targeted infrastructure bill
- US Senator Graham says that Republican support could exist for a USD 800-900bln infrastructure package
- Looking...
23 Apr 2021, 11:56 by Newsquawk Desk
- European bourses are softer following the soured US sentiment though APAC indices managed to shrug this off, stateside futures are modestly firmer but contained
- USD has been pressured but is still holding above the 91.00 mark and as such yesterday's low for the DXY, to the modest benefit of major peers with little reaction seen on UK/EZ data this morning
- Flash PMIs beat across the board for the UK as the economy begins to reopen with EZ figures also strong and now...
23 Apr 2021, 06:54 by Newsquawk Desk
- Asia-Pac stocks head into the weekend mixed after the region partially shrugged off the early headwinds from the US
- Sentiment in the US was spooked by reports that President Biden plans to hike capital gains tax to as much as 43.4%
- The Japanese government is seeking an emergency declaration for Tokyo, Osaka, Kyoto and Hyogo between April 25th-May 11th
- The DXY heads into the European session marginally softer after initial gains petered out...
22 Apr 2021, 11:49 by Newsquawk Desk
- European bourses are firmer after an earnings-dictated start to the session while US futures are essentially flat, with earnings similarly in focus
- The USD has been somewhat choppy initially eclipsing 91.20 sending Cable sub 1.39 briefly though since then the DXY has pulled back with peers mixed
- Russia utilises in excess of 40 warships and 20 support vessels in military drills in the Black Sea
- Libya's NOC said Libyan oil production falls...
22 Apr 2021, 06:55 by Newsquawk Desk
- Asia-Pac stocks traded mixed as the region struggled to maintain the momentum from the US
- Major US indices snapped a 2-day losing streak led by advances in small caps which resulted in the Russell 2000 finishing higher by more than 2%
- In FX, the DXY was indecisive overnight and briefly eyed a retest of the 91.00 level to the downside
- Indian COVID-19 cases increased by a global single-day record of 314,835
- US...
21 Apr 2021, 11:48 by Newsquawk Desk
- European bourses are firmer after an earnings fuelled morning while US futures are flat/negative with the NQ underperforming post NFLX -8.0% in pre-market
- Netflix beat on top and bottom lines but subscriber additions were below expectations, also approved a USD 5bln share repurchase scheme
- The USD is firmer with peers mixed/contained though EUR/USD is testing 1.20 to the downside but was unreactive to a favourable German court ruling re. the recovery...
21 Apr 2021, 06:54 by Newsquawk Desk
- Asian equity markets mostly slumped as the negative mood rolled over from the US where major indices extended on declines
- Underperformance in the US was seen in energy and financials amid lower oil prices and yields
- The Japanese government is reportedly to declare an emergency in Tokyo, Osaka and Hyogo due to COVID-19
- Netflix shares slumped around 10% after hours with subscriber additions significantly below...
20 Apr 2021, 11:53 by Newsquawk Desk
- European bourses are subdued, Euro Stoxx 50 -1.0%, as sentiment deteriorated after a mixed/negative APAC session with US futures hindered but faring relatively better
- DXY was initially pressured losing 91.00 at worst to the benefit of peers across the board though JPY has retraced the initial upside and a move below 108.00 as the USD recuperates
- Chinese President Xi cautioned against nations meddling in other nations internal affairs
- Looking...
20 Apr 2021, 06:54 by Newsquawk Desk
- Asian equity markets traded mixed with risk appetite dampened following the losses on Wall Street
- US majors retreated from their recent record highs with the declines led by tech and growth
- In FX, the DXY languished beneath 91.00, EUR/USD sits north of 1.2050 and GBP/USD hovers around 1.40
- Chinese President Xi cautioned against nations meddling in other nations internal affairs
- Looking ahead, highlights include UK...
19 Apr 2021, 11:31 by Newsquawk Desk
- European bourses are contained this morning, Euro Stoxx 50 -0.1%, ahead of a handful of US earnings with US futures rangebound
- DXY has been pressured all morning moving ever closer to 91.00 to the benefit of major peers across the board, EUR/USD through 1.20 & USD/JPY testing 108.00
- US Senate Democrats are reportedly likely to settle on a corporate tax rate of 25%, according to Axios sources
- Iran’s government stated that drafting the...
19 Apr 2021, 07:00 by Newsquawk Desk
- Asian equity markets began the week with mostly cautious gains and US equity futures marginally pulled back from record highs
- In FX, DXY was in a tight range, EUR/USD traded on either side of 1.1950, GBP/USD held onto recent upside, USD/JPY was pressured
- Iran’s government stated that drafting the text for reviving the JCPOA can begin; discussions are said to have made further progress
- Russia is reportedly bolstering its warship presence in...
16 Apr 2021, 11:45 by Newsquawk Desk
- European bourses are firmer, Euro Stoxx 50 +0.5%, in a continuation of APAC action while US futures are essentially flat
- DXY is downbeat this morning to the slim benefit of peers particularly the CHF and EUR, while core debt is pressure and the US yield-curve is bear-steepening
- Chinese GDP and Industrial Production disappointed although still showed a double-digit percentage surge Y/Y and Retail Sales surpassed estimates
- China has reportedly...
16 Apr 2021, 06:56 by Newsquawk Desk
- Asian equity markets traded cautiously after the mild tailwinds from the US; Chinese markets saw a choppy session
- Chinese GDP and Industrial Production disappointed although still showed a double-digit percentage surge Y/Y and Retail Sales surpassed estimates
- White House said the infrastructure package could be passed in smaller pieces and congress will work out a path forward, according to reports
- Russia's Foreign Ministry said US sanctions...
15 Apr 2021, 11:45 by Newsquawk Desk
- Equities are modestly firmer in Europe with US futures performing marginally better, ES +0.4%, while the Russell 2000, +0.9%, outperforms
- DXY has been pressured for much of the morning but as pared losses and largely unchanged now with antipodeans once again outperforming while RUB is hindered on potential US sanctions
- Fed's Clarida (voter) expects a similar sequencing regarding reducing bond purchases vs. hiking rates as in 2014-2015...
15 Apr 2021, 06:52 by Newsquawk Desk
- Asian equity markets were cautious after the choppy performance stateside; Mainland China underperformed
- In FX, the DXY consolidated above 91.50 and G10 FX were largely rangebound
- The US is reportedly preparing to impose sanctions on Russia, targeting Russia's sovereign debt
- China's top official in Hong Kong said any foreign power which attempts to use Hong Kong as a pawn will face countermeasures
- Houthi military...
14 Apr 2021, 11:39 by Newsquawk Desk
- Equities are essentially unchanged following a largely range-bound EU session; ES +0.1%, Euro Stoxx 50 +0.1%
- The USD has been marginally softer as antipodeans outperform and other peers are flat; debt is similarly contained with long-end US pressure dissipating
- Kremlin says it is premature to talk in tangible terms about a potential meeting with US President Biden and Russian President Putin; Navy commencing Black Sea drills ahead of US ship arrivals,...
14 Apr 2021, 06:54 by Newsquawk Desk
- Asian equities traded with a mild positive bias following on from the S&P 500 and Nasdaq 100 notching fresh record highs
- White House COVID Coordinator Zients said the US has more than enough Pfizer and Moderna vaccines to maintain the current pace of vaccinations
- In FX, the DXY remains subdued beneath 92.00, EUR/USD and GBP/USD maintain 1.19 and 1.37 status respectively
- The RBNZ kept the OCR at 0.25%, LSAP at NZD 100bln and maintained...
13 Apr 2021, 11:48 by Newsquawk Desk
- Equities meander in relative proximity to the unchanged mark with little conviction or fresh drivers present ahead of today's risk events; ES +0.1%, Euro Stoxx 50 +0.3%
- The USD is firmer but contained with peers mixed and rangebound while fixed falls with auction concession factoring and yields firmer and focused around the 5yr Stateside
- Crude remains underpinned given growing geopolitical tensions and the OPEC MOMR due at 13:00BST/08:00EDT...
13 Apr 2021, 06:54 by Newsquawk Desk
- Asian equity markets mostly shrugged off the subdued handover from Wall St peers but with gains capped ahead of this week’s risk events
- Chinese March trade figures saw exports and the trade balance miss expectations whilst imports topped estimates
- US Treasury Secretary Yellen will reportedly not label China as a currency manipulator in the Treasury's FX report due on Thursday
- In FX, the DXY recouped some of yesterday's losses, EUR/USD trades...
12 Apr 2021, 11:47 by Newsquawk Desk
- European bourses are mixed but range-bound for the morning, Euro Stoxx 50 U/C; Stateside, futures are slightly softer but contained
- USD is downbeat with lower yielding peers beginning to pick-up as the US yield curve bull-flattens slightly as EGBs pick back up from Friday's pressure
- Fed's Powell said the economic recovery is better than he expected and with vaccinations, there is a resumption of what seems to be a very strong expansion
- Crude...
12 Apr 2021, 06:54 by Newsquawk Desk
- Asian equity markets began the week subdued and US equity futures marginally pulled back from record levels
- Participants were tentative ahead of the start of US earnings season and this week’s key data releases
- In FX, the DXY consolidated above 92.00, EUR/USD trades in close proximity to 1.1900 and GBP/USD sits just north of 1.3700
- US President Biden aims to complete the infrastructure program by the summer, according to the US Energy...