15 Apr 2024, 06:34 by Newsquawk Desk
- APAC stocks mostly declined as participants reflected on the geopolitical events over the weekend and disappointing Chinese trade data.
- Iran launched its first direct attack on Israel which was largely intercepted with very little damage caused.
- European equity futures indicate a marginally higher open with the Euro Stoxx 50 future +0.4% after the cash market closed down 0.2% on Friday.
- DXY is pivoting around the 106 mark, JPY remains on the...
12 Apr 2024, 11:05 by Newsquawk Desk
- European bourses are entirely in the green, Stateside futures are contained on either side of the unchanged mark
- Dollar is bid which has weighed on G10 peers, with EUR down to 1.0657
- Fixed complex higher with Bunds outperforming as markets digest Thursday’s ECB announcement and Fed divergence
- Crude is bid given the heightened geopolitical environment, XAU makes record highs
- Looking ahead, Uni. of Michigan (Prelim.),...
12 Apr 2024, 06:35 by Newsquawk Desk
- APAC stocks traded mixed despite the gains on Wall St, with participants in the region cautious as they awaited the latest Chinese trade data.
- DXY was flat after mixed inflationary signals, EUR/USD remained lacklustre post-ECB, and USD/JPY took a breather and held on to the 153.00 status.
- ECB sources said as many as five officials needed extra convicting to hold back from rate cuts at Thursday's meeting and stronger-than-expected inflation data out of...
11 Apr 2024, 11:06 by Newsquawk Desk
- Equities are mostly lower, continuing the sell-off seen in the prior session; the RTY underperforms
- Dollar is flat and firmly above 105, USD/JPY back on a 153 handle
- USTs contained at post-CPI lows whilst Bunds dip lower ahead of the ECB
- Crude is incrementally firmer, XAU rangebound and base metals little changed despite softer Chinese inflation figures
- Looking ahead, US IJC & PPI, ECB Policy Announcement &...
11 Apr 2024, 06:30 by Newsquawk Desk
- APAC stocks were subdued after hotter-than-expected US CPI reverberated across global markets.
- Softer-than-expected Chinese CPI and persistent producer price deflation kept the door open for future support measures.
- European equity futures indicate a contained open with the Euro Stoxx 50 future flat after the cash market closed up 0.2% on Wednesday.
- DXY has held onto 105 status, USD/JPY ventured above 153, EUR/USD heads into the ECB on a...
10 Apr 2024, 11:30 by Newsquawk Desk
- European bourses are firmer across the board, US futures contained into CPI
- DXY and USTs broadly steady ahead of the main US events
- Gilts bounced back to unchanged post-supply after initial underperformance, Bunds off best after their own auction
- Crude benchmarks modestly firmer in thin ranges, XAU contained while base metals grind higher
- Looking ahead, highlights include US CPI, BoC Policy Announcement, FOMC...
10 Apr 2024, 06:35 by Newsquawk Desk
- US stocks eventually eked slight gains, APAC stocks traded mixed ahead of upcoming risk events and a slew of market closures.
- Fitch revised China's outlook to Negative and affirmed its rating at A+.
- European equity futures indicate a higher open with the Euro Stoxx 50 future +0.6% after the cash market closed down 1.1% on Tuesday.
- RBNZ kept the OCR unchanged as expected and noted that a restrictive monetary policy stance remains...
09 Apr 2024, 11:40 by Newsquawk Desk
- European bourses in the red with US futures flat in catalyst-thin trade
- DXY steady for much of the morning before USD/JPY came under pressure on a BoJ-related source report
- Fixed income benchmarks bid with EGBs outperforming, no reaction to supply but latest ECB BLS perhaps factoring
- Commodities firmer; crude gains incremental while XAU hit a fresh ATH
- Looking ahead, highlights include US Supply & SNB's Schlegel;...
09 Apr 2024, 06:35 by Newsquawk Desk
- APAC stocks traded mostly higher but with price action relatively rangebound with global markets lacking major catalysts.
- European equity futures indicate a lower open with the Euro Stoxx 50 future -0.2% after the cash market closed up 0.6% on Monday.
- FX markets are contained with DXY holding above the 104 mark, USD/JPY continues to eye the YTD peak and 152 level.
- Israeli Prime Minister Netanyahu said that a date has been set for a Rafah...
08 Apr 2024, 11:25 by Newsquawk Desk
- European bourses have meandered higher after a contained open, US futures near unchanged
- Geopols. and US-China talks in focus; Hamas sources report no progress in Cairo negotiations
- DXY steady but towards the top-end of the day’s range with peers generally steady in limited newsflow
- Core fixed benchmarks lower in an extension of Friday’s bearish action, US yields higher across the curve
- WTI and Brent pressured as...
08 Apr 2024, 06:20 by Newsquawk Desk
- APAC stocks were mixed ahead of this week's risk events and despite last Friday's strong NFP report and US-China talks.
- Fed's Bowman (voter) said on Friday that cutting rates too soon risks a rebound in inflation and although unlikely, it is possible the Fed may have to hike rates again to cool inflation.
- Spot gold was initially pressured in early trade alongside weakness across commodities but later printed a fresh record high above USD...
05 Apr 2024, 11:35 by Newsquawk Desk
- European equities lower across the board in catch-up play from the late selling seen on Wall St.
- DXY unchanged with G10s rangebound into NFP
- Fixed income benchmarks slightly softer as they give back some of Thursday’s risk-inspired upside
- Commodities feature modest gains for crude and XAU
- Payrolls aside, markets attentive for any further escalation in geopolitical tensions into a potential risk-fuelled...
05 Apr 2024, 06:35 by Newsquawk Desk
- APAC stocks followed suit to the losses in the US amid geopolitical concerns and hawkish-leaning Fed rhetoric.
- Fed's Kashkari and Goolsbee noted that it is possible the Fed will not cut this year if inflation stalls.
- European equity futures indicate a weaker open with the Euro Stoxx 50 future -1.3% after the cash market closed flat on Thursday.
- DXY is a touch firmer, EUR/USD eased back from two weeks highs but remains on a 1.08 handle,...
04 Apr 2024, 11:35 by Newsquawk Desk
- European bourses a touch firmer post-PMIs after a flat open, US futures tilting higher in tandem into IJC and Fed appearances
- DXY softer and approaching 104.00, EUR inches higher post-PMIs, JPY stead, CHF lags
- EGBs bid despite PMI pressure though off highs in somewhat limited newsflow, USTs flat
- Base metals continue to climb with 3M LME Copper at a 52-week high, crude contained and XAU slightly softer
- Looking ahead,...
04 Apr 2024, 06:35 by Newsquawk Desk
- APAC stocks traded higher as sentiment picked up from the choppy mood and mixed data releases stateside.
- Fed Chair Powell said if the economy evolves as the Fed expects, most on the FOMC expect to cut rates later this year.
- European equity futures indicate a slightly positive open with the Euro Stoxx 50 future +0.1% after the cash market closed up 0.5% on Wednesday.
- DXY has pulled back further from 105, antipodeans outperform, EUR/USD...
03 Apr 2024, 11:15 by Newsquawk Desk
- European bourses are modestly firmer, US equity futures are in the red though with trade contained
- Dollar is flat and G10 peers are incrementally softer
- USTs are incrementally softer whilst Bunds are firmer after dovish-tilting speak from ultra-hawk Holzmann coupled with softer EZ-HICP metrics
- Crude is incrementally firmer but within recent levels, XAU is off best
- Looking ahead, US ADP, ISM Services, Australian PMI...
03 Apr 2024, 06:35 by Newsquawk Desk
- APAC stocks followed suit to losses in the US where treasuries bear-steepened and oil prices ramped up.
- Fed's Daly said there is no urgency to adjust the rate, Mester doesn't see the case for cutting at the next meeting.
- European equity futures indicate a contained open with the Euro Stoxx 50 future flat after the cash market closed lower by 0.8% on Tuesday.
- DXY remains on a 104 handle with FX markets overall steady, USD/JPY lingers...
02 Apr 2024, 11:15 by Newsquawk Desk
- Equities are mixed, with clear outperformance in the Energy/Basic Resources names amid broader strength in the underlying commodity prices
- Dollar is flat and holds around 105, AUD outperforms given the rally in metals prices
- Bonds are mixed, USTs are flat and hold near post-ISM lows, whilst Bunds play catch up; a modest dovish reaction was seen following German state CPIs
- Commodities are entirely in the green, Crude benefits from heightened...
02 Apr 2024, 06:25 by Newsquawk Desk
- APAC stocks were mixed after the weak performance on Wall St where hot ISM Manufacturing PMI saw markets trim Fed rate cut bets.
- European equity futures indicate a contained open with the Euro Stoxx 50 future little changed after the cash market closed flat on Thursday.
- DXY sits on a 105 handle, EUR/USD slipped below 1.08, USD/JPY extended upside and Cable gave back the 1.26 handle.
- Crude futures remained afloat after recently gaining...
28 Mar 2024, 10:45 by Newsquawk Desk
- European bourses hold a positive bias whilst Stateside futures are subdued ahead of a busy docket
- Dollar bid acting as a drag on G10 peers, Antipodeans lag
- Bonds are lower in a continuation of post-Waller price action
- Crude and XAU remains in the green despite the stronger Dollar as geopols remain in focus
- Looking ahead, Highlights include US GDP (F), IJC, UoM Inflation Expectations (F), Japanese Tokyo CPI &...
28 Mar 2024, 06:25 by Newsquawk Desk
- APAC stocks partially sustained the momentum from the late ramp-up on Wall St heading into quarter-end.
- Fed's Waller said still no rush to cut rates and the Fed may need to maintain the current rate target for longer than expected.
- European equity futures indicate a positive open with the Euro Stoxx 50 future +0.3% after the cash market closed up 0.4% on Wednesday.
- DXY is contained on a 104 handle, EUR/USD is holding above 1.08 and...
27 Mar 2024, 10:44 by Newsquawk Desk
- European bourses are mixed whilst Stateside futures are entirely in the green
- Dollar is flat, JPY higher after a BoJ/MoF/FSA meeting which only resulted in further jawboning from Top Currency Diplomat Kanda
- Bonds mixed though price action has been contained; Bunds rose incrementally on Spanish CPI, upside which proved fleeting
- Crude is softer in a continuation of post-private inventory data action, XAU bid
- Looking...
27 Mar 2024, 06:28 by Newsquawk Desk
- APAC stocks traded mixed after the subdued handover from Wall St heading into quarter-end and Easter.
- European equity futures indicate a slightly softer open with the Euro Stoxx 50 future -0.1% after the cash market closed up 0.4% on Tuesday.
- DXY is a touch firmer on a 104 handle, USD/JPY printed a fresh 33yr high, FX markets are otherwise contained.
- BoJ's Tamura said that based on the current economic and price outlook, the BoJ is likely to...
26 Mar 2024, 10:52 by Newsquawk Desk
- European bourses are mixed though have been edging higher, taking impetus from strength in US equity futures
- Dollar is weaker, NZD benefits from a softer AUD/NZD cross
- Bonds incrementally firmer and Gilts outperform after BoE’s Mann
- Crude is modestly softer, XAU higher and near session highs
- Looking ahead, US Durable Goods, Philly Fed Non-manufacturing Business Outlook, Richmond Fed Survey, BoC’s Rogers and ECB’s...
26 Mar 2024, 06:30 by Newsquawk Desk
- APAC stocks were choppy after a similarly subdued handover from Wall St.
- European equity futures indicate a contained open with the Euro Stoxx 50 future flat after the cash market closed up 0.3% on Monday.
- FX markets are steady, DXY holds above 104, PBoC delivered another firmer-than-expected CNY fix.
- Crude is flat but holding onto recent gains, Bunds attempted to recoup recently lost ground.
- Looking ahead,...