04 Feb 2021, 11:45 by Newsquawk Desk
- European equities trade mostly firmer (Eurostoxx 50 +0.3%) in what has been a busy morning of corporate updates across the region
- In FX, the DXY is once again firmer vs. peers as EUR/USD loses 1.20 status for the first time this year. GBP eyes BoE
- Fixed income remains rangebound with Gilts focused on NIRP developments from the BoE and the Periphery on Draghi's deliberations
- Looking ahead, highlights include BoE rate decision & MPR, US...
04 Feb 2021, 06:54 by Newsquawk Desk
- Asian equity markets were mostly lower following a flat lead from the US where focus centred on earnings and stimulus plans
- 5SM's Di Maio said Italy needs an alternative to a Draghi government, while the Brothers of Italy party Chief favours abstaining
- In FX, the DXY extended on gains above 91.00, EUR/USD remains in the low 1.20's and GBP/USD hovers around 1.36
- President Biden is open to having the discussion on the income level of Americans...
03 Feb 2021, 12:18 by Newsquawk Desk
- European indices began the session on the front-foot, before consolidating off highs, Euro Stoxx 50 +0.7%, ES +0.4%; while the FTSE MIB & BTPs outperform on Draghi's potential Italian mandate
- Tech giants Google and Amazon saw earnings beat on top and bottom lines; with Google outperforming in the pre-market +7.0%
- President Biden Advisor speculates the final stimulus size could be USD 1.3trln, Politico
- The mornings UK/EZ PMIs saw modest...
03 Feb 2021, 06:54 by Newsquawk Desk
- Asian equity markets traded mostly higher as the region took impetus from global peers including the advances on Wall St
- Tech giants Google and Amazon saw earnings beat on top and bottom lines
- Oxford/AstraZeneca vaccine shows sustained protection of 76% during 3m interval until 2nd dose
- Talks over forming a new coalition in Italy have broken down, former ECB President Draghi could be appointed as a replacement PM
- In...
02 Feb 2021, 12:11 by Newsquawk Desk
- European indices are firmer following the positive APAC handover; sectors are broadly in the green though oil & gas is among the laggards as BP's update offsets much of the positivity from crude benchmarks themselves
- China top diplomat Yang said they are prepared to work with the US; separately, US Treasury Secretary Yellen is to meet with Democrats today on aid
- The DXY continues to make ground above 91.00 this morning pressuring major counterparts but...
02 Feb 2021, 06:54 by Newsquawk Desk
- Asian equity markets advanced after the firm handover from Wall St with the resurgence led by the tech sector
- In FX markets, the DXY marginally pulled back after advancing above 91.00, EUR/USD and GBP/USD remain below 1.21 and 1.37 respectively
- Talks aimed at reviving Italy's collapsed ruling coalition were blocked on Monday over policy issues
- RBA maintained its key rate at 0.10% as expected but unexpectedly announced it is to extend its QE...
01 Feb 2021, 12:01 by Newsquawk Desk
- European indices began the session on the front-foot, Euro Stoxx 50 +1.3%, ES +1.0%, with sectors predominantly positive and basic resources shining following silver's outperformance
- Chinese official manufacturing, non-manufacturing and Caixin manufacturing PMI data all fell short of estimates but remained in expansion territory; somewhat hindered mainland performance
- A group of 10 Republican senators called for President Biden to consider a smaller COVID-19 relief...
01 Feb 2021, 09:00 by Newsquawk Desk
- SUN: Chinese Official PMIs (Jan)
- MON: Chinese Caixin Manufacturing PMI Final (Jan); EZ, UK and US Manufacturing PMI Final (Jan); US ISM Manufacturing PMI (Jan).
- TUE: RBA Policy Announcement; EZ Flash GDP (Q4); US ISM New York (Jan); New Zealand Labour Market Data (Q4).
- WED: Chinese Caixin Services PMI Final (Jan); EZ, UK and US Services/Composite PMI Final (Jan); EZ Flash CPI (Jan) US ISM Services PMI (Jan); ADP National Employment (Jan);...
01 Feb 2021, 06:54 by Newsquawk Desk
- A positive tone was observed in the Asia-Pac region and US equity futures recovered from the early stumble seen at the reopen
- Chinese official manufacturing, non-manufacturing and Caixin manufacturing PMI data all fell short of estimates but remained in expansion territory
- In FX markets, the DXY heads into the EU open softer, EUR/USD rangebound on a 1.21 handle, GBP/USD extended gains above 1.3700
- Gold gapped higher in tandem with the 7%...
29 Jan 2021, 12:00 by Newsquawk Desk
- Indices have been under pressure in a continuation of the APAC deterioration; however, both European bourses and US futures are well off lows, Euro Stoxx 50 -0.7% & ES -0.5%
- Novavax (NVAX) vaccine was 89% effective against COVID-19, according to a UK study; however, efficacy was 60% in a South African Trial
- ECB rate reduction discussion has been marginal in policy talks, according to sources; benefits seen as limited; downplayed Euro...
29 Jan 2021, 06:54 by Newsquawk Desk
- Asian equity markets steadily deteriorated as the initial emboldenment from the rebound on Wall St gradually faded
- Novavax vaccine was 89% effective against COVID-19, according to a UK study. However, efficacy was 60% in a South African Trial
- In FX, the DXY recouped some lost ground overnight, EUR/USD hovers around 1.21, GBP/USD trades near the 1.37 mark
- US Senate panel is to hold a hearing on the current state of the stock market in wake of...
28 Jan 2021, 12:10 by Newsquawk Desk
- Equity indices were pressured from the European cash open in a continuation of APAC performance; subsequently, this downside intensified though we are currently well off lows - Euro Stoxx 50 -0.3%, ES -0.1%
- Apple -3%, Facebook -1% & Tesla -6% all reported after the close with pressure attributed to the lack of/vague guidance from Apple; as such, the NQ -0.7% is the morning's underperformer
- ECB’s Rehn says policy tools can be adjusted if required; inflation...
28 Jan 2021, 06:54 by Newsquawk Desk
- FOMC left rates unchanged and maintained the size of its asset purchase programme, as expected
- FOMC noted that the pace of US economic activity and employment moderated in recent months
- Asia-Pac indices were negative on spillover selling from the US where stocks had their worst day since October
- Better-than-expected earnings from tech giants Apple and Facebook failed to provide any meaningful reprieve
- In FX, the DXY...
27 Jan 2021, 12:09 by Newsquawk Desk
- European bourses began the session indecisive following a mixed APAC handover but subsequently selling pressure has intensified; Euro Stoxx 50 -1.4%, ES -0.6% though NQ (U/C) outerperforms somewhat post-MSFT
- MSFT beat on top and bottom lines and are +2.8% in the pre-market while chip names have been pressured post AMD & TXN; in Europe, LVMH initially bolstered luxuries but has succumbed to the general sentiment
- ECB's Knot says we have the tools...
27 Jan 2021, 06:54 by Newsquawk Desk
- Asian equities traded mixed and attempted to shrug off the weak handover from the US where there was a slight negative bias
- A late boost was seen in Nasdaq 100 futures after-hours due to strong results from Microsoft which beat on top and bottom lines
- ECB will reportedly query dollar weakness and is to monitor the impact on FX from ECB vs Fed policies
- Italy's Conte said he wants backing for a government of "national rescue" and is seeking a...
26 Jan 2021, 11:50 by Newsquawk Desk
- European bourses were initially mixed following the subdued APAC lead but have since experienced notable upside amid a lack of fresh catalysts; Euro Stoxx 50 +1.4%, ES U/C
- Italian PM Conte has reportedly informed his cabinet of his intention to resign and is to meet with President Mattarella on the matter today
- US Senate Democrat Leader Schumer said they will attempt to pass President Biden's COVID-19 bill through the budget reconciliation process if the GOP block...
26 Jan 2021, 06:54 by Newsquawk Desk
- Asian equity markets declined across the board with sentiment subdued after the flimsy risk appetite amongst global peers
- Italian PM Conte has convened a cabinet meeting for Tuesday to inform ministers he is resigning; will likely seek to form a new government
- In FX, the USD is broadly firmer against major peers with activity currencies lagging against the greenback
- US Senate Democrat Leader Schumer said they will attempt to pass President...
25 Jan 2021, 11:56 by Newsquawk Desk
- European indices faded opening gains in-light of a subdued German Ifo print and in contrast to the firmer APAC handover; Euro Stoxx 50 -0.1%, ES +0.2%
- German Ifo (Jan) readings missed expectations and dropped from the prior with the institute noting services continues to represent the majority of the decline
- EUR was hampered post-Ifo lifting the DXY into positive territory and applying pressure on major counterparts though magnitudes are slim at...
25 Jan 2021, 09:00 by Newsquawk Desk
- MON: German Ifo Survey (Jan); EZ Sentiment Survey (Jan); Chinese President Xi to speak.
- TUE: UK Employment data (Dec).
- WED: FOMC Policy Decision; Australian CPI (Q4); German GfK Survey; US Durable Goods (Dec); Japanese Retail Sales (Dec); New Zealand Trade Balance (Dec).
- THU: German Prelim CPI (Jan); US GDP (Q4) & PCE Prices (Dec); Japanese Unemployment Rate (Dec).
- FRI: BoJ Summary of Opinions (Jan);...
25 Jan 2021, 06:54 by Newsquawk Desk
- Asian equity markets began the week with a mildly positive tilt whilst US equity futures rebounded from Friday’s losses, although upside was limited
- In FX, the DXY heads into the EU session softer, prompting support in major counterparts with GBP/USD reclaiming 1.37 status
- China is looking for a meeting of its top diplomat with senior aides in the Biden administration, according to WSJ
- Iraq plans to reduce oil output in January and February...
22 Jan 2021, 11:54 by Newsquawk Desk
- Indices remain pressured following cautious APAC trade with downside exacerbated by the deterioration in oil; Euro Stoxx 50 -1.2%, ES -0.7%
- The EUR saw a resurgence following the German PMIs with EUR/USD just below 1.2200 at best to the detriment of the DXY paring its advances and bolstering FX peers; though, GBP was hindered post-UK data
- Intel beat on EPS and revenue making gains just before the close before paring to trade lower by 4% in the pre-market while IBM's...
22 Jan 2021, 06:54 by Newsquawk Desk
- Asian equity markets traded cautiously after the mixed lead from Wall St where most indices stalled at record levels
- The Nasdaq was bolstered by continued strength in large tech including firm gains in Intel which announced its results prior to the closing bell
- US Treasury Secretary nominee Yellen said the US has a full array of tools to counter China's practices
- In FX markets, the DXY remained subdued, EUR/USD held on to yesterday's gains...
21 Jan 2021, 11:40 by Newsquawk Desk
- Indices are firmer this morning with European tech the outperformer following yesterday's Nasdaq performance; currently, ES +0.1% & NQ +0.4%
- BoJ, Norges Bank & CBRT left policy parameters unchanged with the ECB ahead; the EUR is currently firmer bolstered alongside peers as the USD remains pressured across the board
- Republican Senator Graham commented that the USD 15/hour minimum wage will not be included in the stimulus plan
- Looking...
21 Jan 2021, 06:54 by Newsquawk Desk
- Asia-Pac bourses took impetus from the gains on Wall Street where stocks rallied to all-time highs and the Nasdaq outperformed
- BoJ kept policy settings unchanged as expected whilst reiterating that it will not hesitate to act further if needed
- In FX, the DXY was subdued beneath 90.50, EUR/USD reclaimed 1.21 and GBP/USD eyes 1.37 again
- US Republican Senator Romney said he is not looking for new stimulus in the immediate...
20 Jan 2021, 11:59 by Newsquawk Desk
- European indices and US futures are firmer this morning, Euro Stoxx 50 +0.6% & ES +0.4%, but with the Nasdaq +0.8% leading the way after updates from Netflix and European tech giant ASML
- US President-elect Biden's incoming Secretary of State Blinken said President Trump was right in taking a tougher stance on China but disagrees with the way he did it
- ECB is reportedly to pursue a strategy of yield spread control with the purpose of limiting the spreads between...