06 Apr 2021, 06:55 by Newsquawk Desk
- Asian equity markets traded mixed as the regional bourses failed to fully sustain the momentum from their counterparts on Wall St
- The S&P 500 and the DJIA extended on fresh record highs in their first opportunity to react to last week’s NFP jobs report and yesterday's ISM print
- In FX, the DXY nursed some of yesterday’s losses after having dwindled towards 92.50, EUR/USD and GBP/USD sit on 1.18 and 1.39 handles respectively
- The RBA policy...
01 Apr 2021, 11:34 by Newsquawk Desk
- European equity indices and US equity futures are firmer across the board, with the tech-heavy NQ the outperformer, +0.9%
- DXY has been somewhat choppy but within contained ranges for the session with major peers largely flat/mixed at present
- US President Biden proposed a USD 2trln plan with spending spread over 8 years, and noted that the corporation tax rate will increase to 28%
- OPEC+ will reportedly discuss options that include a rollover...
01 Apr 2021, 06:54 by Newsquawk Desk
- Asian equity markets traded positively amid a busy slate of data releases and US President Biden’s announcement of his two-part spending proposal
- Measures include capital investment of around USD 2tln with spending spread over 8 years, while he also suggested increasing the corporate tax rate to 28%
- French President Macron announced new measures including a national lockdown which will take place from Saturday and last for at least one...
31 Mar 2021, 11:35 by Newsquawk Desk
- European equity indices are mixed whilst US equity futures are largely unchanged but with the NQ outperforming, +0.4%
- DXY is softer on the session to the benefit of its major peers, with GBP/USD seeing further upside but yet to breach 1.38
- In President Biden’s speech at 21:20BST/16:20EDT he is expected to unveil USD 2.25tln of infrastructure spending, and to comment on increasing corporate tax to 28%
- Chinese Manufacturing and...
31 Mar 2021, 06:54 by Newsquawk Desk
- Asian equity markets traded cautiously during the quarter- and fiscal year-end with sentiment not helped by the uninspiring lead from the US
- Participants were tentative ahead of President Biden’s speech later today where he is to unveil USD 2.25tln of infrastructure spending
- Biden is also expected to comment on increasing the corporate tax rate to 28%
- Chinese Manufacturing and Non-Manufacturing PMI data exceeded...
30 Mar 2021, 11:35 by Newsquawk Desk
- European equity indices are firmer across the board, but US equity futures are mixed with NQ the underperformer, -0.4%
- DXY has continued to strengthen as yields rise, residing on the 93.00 handle but off highs with JPY and EUR hindered given relative-yield effects
- Saudi Arabia is reportedly ready to support an OPEC+ oil cut extension into May and June and is prepared to extend voluntary cuts
- Wall Street banks were summoned by US regulators...
30 Mar 2021, 06:54 by Newsquawk Desk
- Asia-Pac stocks just about shrugged off the early indecision following the negative bias stateside
- Most US indices declined as sentiment was dampened amid the fallout from the USD 20bln Archegos liquidation and rising yields
- Additionally, the White House warned that infections are increasing again and President Biden has even called on states to pause re-opening efforts
- In FX, the DXY consolidated near yesterday's highs, EUR/USD was...
29 Mar 2021, 11:27 by Newsquawk Desk
- European equity indices have opened mixed but with a slight positive bias whilst US equity futures are negative and the RTY is the underperformer, -0.8%
- The Dollar has strengthened and surpassed last week’s highs; exerting further pressure on the EUR as EUR/GBP has hit YTD lows of 0.8510
- German Chancellor Merkel threatened the use of federal law to toughen pandemic restrictions
- The stuck tanker in the Suez Canal has reportedly been refloated...
29 Mar 2021, 06:54 by Newsquawk Desk
- Asia-Pac equity markets eventually traded mostly higher as the region picked up the baton from last week's late surge on Wall St
- In FX, the DXY consolidated overnight, EUR/USD was rangebound beneath 1.18, GBP/USD sits on a 1.37 handle
- German Chancellor Merkel threatened the use of federal law to toughen pandemic restrictions
- The stuck tanker in the Suez Canal has reportedly been refloated with engineers partially freeing the...
26 Mar 2021, 11:00 by Newsquawk Desk
- European equity indices and US futures are firmer on the session with RTY the mild US outperformer, +0.9%
- The Dollar has been choppy to the benefit of its major counterparts, EUR/USD testing 1.18
- In Europe, officials suggest that Germany is beginning a third COVID wave and there are clear signals that the current wave could be worse than the first
- North Korea confirmed that it test-fired a new tactical guided missile on Thursday without...
26 Mar 2021, 06:54 by Newsquawk Desk
- Asia-Pac stocks traded mostly higher following the rebound in the US where small caps atoned for the prior day's underperformance
- In FX, the DXY slightly eased off 4-month highs, EUR/USD remained sub-1.18, antipodeans outperformed
- WTI crude futures nursed some of the prior day's losses and reclaimed the USD 59.00/bbl level
- The US 7-year note sale went down miserably, again, but not quite as bad as February's
- European...
25 Mar 2021, 11:00 by Newsquawk Desk
- European equity indices have recovered off worst levels while US futures consolidate, with the NQ narrowly outperforming
- Dollar has traded choppy; JPY has been trailing behind and is only just above the 109.00 handle; FX eyes sizeable OpEx
- SNB kept policy rate unchanged at 0.75%; CHF classification reaffirmed as “highly valued” and reiterates the willingness to intervene in FX if necessary, but removes 'more strongly' phrasing
- AstraZeneca...
25 Mar 2021, 06:54 by Newsquawk Desk
- Asian equity markets were choppy as the region attempted to shrug-off the weak handover from Wall St
- US Treasury Secretary Yellen and Democratic Senator Manchin voiced their support for corporate tax increases
- In FX, the DXY reversed course after breaching its 200DMA to the upside, EUR/USD found a base at 1.18, GBP/USD trades sub-1.37
- The UK and EU are working on specific steps they can take to create a win-win situation, according to a...
24 Mar 2021, 11:00 by Newsquawk Desk
- European equity indices are softer on the session but US futures are firmer with the tech heavy NQ the modest outperformer, +0.9%
- Dollar has seen early morning gains to the detriment of major counterparts, though action has been slightly choppy at YTD DXY highs
- South Korean Military confirmed reports that North Korea fired two cruise missiles off its west coast on Sunday
- Oil is firmer on the day and attempting to reclaim yesterdays losses...
24 Mar 2021, 06:54 by Newsquawk Desk
- Asia-Pac bourses traded mostly lower following the losses seen stateside where cyclicals and value underperformed
- In FX, the DXY held on to its gains above 92.00, EUR/USD languished beneath 1.1850, GBP/USD extended on declines
- WTI crude futures languished around USD 58/bbl after the prior day's heavy selling pressure
- South Korean Military confirmed reports that North Korea fired two cruise missiles off its west coast on...
23 Mar 2021, 11:00 by Newsquawk Desk
- European equity indices and US futures are negative across the board with RTY the underperformer, -1.2%
- DXY is firmer on the session to the detriment of major counterparts ex-JPY; antipodeans lag dragged by Kiwi housing updates
- China responded to fresh sanctions by the US, EU, and UK in which it unveiled travel bans on 10 EU individuals and four entities
- AstraZeneca may have provided outdated info about its COVID-19 vaccine trial, according...
23 Mar 2021, 06:54 by Newsquawk Desk
- Asian equities deteriorated throughout the APAC session amid losses in Chinese markets
- China responded to fresh sanctions by the US, EU and UK in which it unveiled travel bans on 10 EU individuals and four entities
- AstraZeneca may have provided outdated info about its COVID-19 vaccine trial, according to the NIH
- In FX, the DXY remains below 92.00, EUR/USD and GBP/USD trade on 1.19 and 1.38 handles respectively, antipodeans...
22 Mar 2021, 11:00 by Newsquawk Desk
- European equity indices and US futures are mixed with the tech-heavy NQ the notable outperformer, +0.7%
- DXY is softer on the session but price action against major counterparts has been contained
- The EU is reportedly expected to block AstraZeneca vaccine and ingredient exports to the UK
- TRY slumped around 15% at the weeks open after Turkish President Erdogan replaced CBRT Governor Agbal; currently, USD/TRY...
22 Mar 2021, 06:54 by Newsquawk Desk
- Asian equity markets began the week mixed as the region took its cue from the indecisive performance last Friday stateside
- The EU is reportedly expected to block AstraZeneca vaccine and ingredient exports to the UK
- The US & China did not announce any breakthrough in talks last week
- In FX, the DXY consolidated around the 92.00 mark with price action relatively contained in the G10 space
- TRY slumped around 15% at...
19 Mar 2021, 11:00 by Newsquawk Desk
- European equity indices are negative across the board whereas US futures are positive with the tech-heavy NQ the mild outperformer, +0.5%
- Dollar has traded choppy in early morning trade but currently resides in the green
- Crude is attempting to make up lost ground on the week as the complex resides in firmer territory
- The BoJ stood pat on rates but widened the yield target band to +/-25bps and scrapped the ETF target as...
19 Mar 2021, 06:54 by Newsquawk Desk
- Asian equity markets traded negatively following the tech sell-off in the US where the Nasdaq dropped 3% amid a jump in yields
- Talks in Alaska have so far underscored the icy US-China relations with plenty of rebukes from both side
- Oil prices declined by around 8% for its largest decline in 6 months with WTI briefly slipping below USD 60.00/bbl
- The BoJ stood pat on rates but widened the yield target band to +/-25bps and scrapped the ETF...
18 Mar 2021, 11:00 by Newsquawk Desk
- European equity indices are firmer across the board but US futures have pared back gains and are pressured with the tech-heavy NQ the underperformer, -1.2%
- Dollar has firmly bounced as US yields have flown post-FOMC and 10yr currently resides ~1.73%; Norges Bank guides for a hike towards end-2021
- WHO Vaccine Safety Panel will issue its findings on the AstraZeneca COVID vaccine on Friday amid the suspension of vaccine rollouts in...
18 Mar 2021, 06:54 by Newsquawk Desk
- FOMC left rates and pace of asset purchases unchanged, whilst making no mention of the SLR in its statement
- The median dot plot projections still forecast no rate hikes through end-2023
- The FOMC release spurred the S&P 500 and DJIA to fresh record highs and provided a constructive backdrop for the Asia-Pac region
- The DXY slipped below 91.50, lifting EUR/USD above 1.1950, GBP/USD sits on a 1.39 handle and USD/JPY lost 109...
17 Mar 2021, 11:00 by Newsquawk Desk
- European equity indices are predominantly softer on the session whilst US futures are negative with RTY the underperformer, -0.5%
- Dollar has backtracked with peers marginally mixed ahead of the FOMC later
- Oil has experienced gradual downside and resides around session lows ahead of EIA data
- The US does not expect specific negotiated deliverables or a joint statement from its meeting with China
- Looking ahead,...
17 Mar 2021, 06:54 by Newsquawk Desk
- Asia-Pac stocks traded in a subdued manner with participants cautious ahead of the FOMC announcement later today
- The US doesn't expect specific negotiated deliverables or a joint statement from its meeting with China
- In FX, the DXY has seen mild support with an eye on 92.00, EUR/USD hovers around 1.19 and GBP/USD remains sub-1.39
- Italy and France have signalled that they are prepared to end their suspension of the AstraZeneca...