APAC stocks traded mixed following the weak handover from Wall St where tech underperformed as yields climbed after the hot ISM Services and strong JOLTS data.
Hang Seng and Shanghai Comp were pressured with market participants underwhelmed by the latest NDRC press briefing in Beijing.
AUD/USD choppy following the latest monthly inflation data from Australia in which the Weighted CPI printed firmer than expected but the annual trimmed mean CPI softened from...
APAC stocks were mostly higher following the tech strength stateside where Nvidia briefly reclaimed the largest market cap title and closed at a fresh record.
DXY felt some slight reprieve from the prior day's selling pressure, EUR/USD held on to most of yesterday's gains, USD/JPY briefly breached the 158.00 level to the upside.
Canada reportedly considers an early release of retaliatory tariffs against the US, according to The Globe and...
European bourses are generally in the green; the NQ outperforms, with Tech lifted after Foxconn reported record Q4 revenue.
USD is on the backfoot which has helped to lift G10 peers, JPY underperforms.
USTs are pressured ahead of 3yr supply; Gilts underperform after a survey showed that 55% of UK businesses intend to lift prices in the next three months (prev. 39%).
Crude and gold are on the backfoot despite the softer...
APAC stocks traded mostly subdued following the lack of macro catalysts over the weekend and as participants digested the mixed signals from Chinese Caixin PMI data, while Japanese markets underperformed in their first trading session of 2025.
Hang Seng and Shanghai Comp were choppy following the somewhat mixed PMI data in which Chinese Caixin Services PMI data beat expectations, but the Caixin Composite PMI figure slowed.
APAC stocks were ultimately mixed with most major indices higher although the gains were capped following the negative handover from the US.
PBoC is reportedly to plan a policy overhaul as pressure mounts on the economy; likely it would cut interest rates at an appropriate time.
European equity futures indicate a slightly softer cash open with Euro Stoxx 50 futures down 0.1% after the cash market closed higher by 0.5% on Thursday.
APAC stocks traded mostly firmer in choppy trade following a similar session on Wall Street, where stocks experienced volatility with low volumes amid the Christmas period.
China convened a national fiscal work conference in Beijing, according to the Ministry of Finance, and said they will step up fiscal spending and accelerate spending speed in 2025.
Japanese Finance Minister Kato expressed concern about recent FX moves. USD/JPY gradually dipped under...
APAC stocks opened firmer across the board on a holiday-thinned week, following a similar performance from Wall Street on Friday.
US government has enacted a budget to avert a shutdown, but the deal does not include President-elect Donald Trump's proposal to raise the federal borrowing limit.
DXY was flat in a 107.68-84 range to start the holiday-thinned week, with quiet news flow; Crude futures showed an upward bias amid the positive risk...
APAC stocks eventually traded mixed following a mostly lower open as markets digested a slew of central bank decisions whilst still feeling some of the hangover from the Fed.
US equity futures gradually trickled lower after reports the US House of Representatives defeated the bill to temporarily fund the federal government and avert agency shutdowns beginning on Saturday.
USD/JPY was choppy overnight as traders reacted to the BoJ presser and then hot Japanese CPI...
The Fed cut rates by 25bps, as expected, to 4.25-4.5% in an 11-1 split, with Hammack voting to leave rates unchanged; the median dot plot for 2025 and 2026 FFR forecasts were lifted above expectations.
Fed Chair Powell said the decision was a "closer call", but the "right call", suggesting there was a discussion surrounding holding rates at this meeting, and that "extent and timing language" shows Fed is at or near the point of slowing rate cuts, and the slower pace of cuts reflects...
APAC stocks eventually traded mixed after the region initially showed a positive bias, taking cues from Wall Street, and in the absence of macro newsflow with looming risk events.
DXY fluctuated in a narrow range whilst USD/JPY was choppy on either side of 154.00 and Antipodeans were subdued.
China is to maintain a growth target of "around 5%" for 2025, according to Reuters sources. China is to target a budget deficit of 4% in 2025 (vs 3%...
APAC stocks saw an uninspiring start to the week following the mixed session on Wall Street on Friday and ahead of this week's risk events including the final FOMC, BoJ, and BoE meetings of the year.
Moody's cut France’s rating to "Aa3" from "Aa2", outlook stable, in an unscheduled rating revision, citing political fragmentation.
South Korean MPs have successfully voted to impeach President Yoon in their second attempt. Yoon was suspended from official duties on...
MON: Chinese Industrial Output, Retail Sales & House Prices (Nov), German WPI (Nov), EZ Wages (Q3),EZ, UK & US Flash PMIs (Dec), NY Fed Manufacturing (Dec)
TUE: UK Unemployment Rate (Oct), German Ifo (Dec), EZ Trade Balance (Oct),German ZEW (Dec), US Retail Sales (Nov), Industrial Production (Nov), Canadian CPI (Nov), Japanese Trade Balance (Nov)
WED: FOMC Policy Announcement; UK CPI (Nov), EZ Final HICP (Nov), US Building Permits & Housing...