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Week Ahead 25-29th Oct - highlights include US GDP, PCE; ECB, BoJ, BoC, BCB
MON: Beijing Xiangshan Forum; German Ifo Survey (Oct)TUE: Beijing Xiangshan Forum; BCB Policy Decision; South Korean GDP (Q3); US Monthly Home Prices (Aug)WED: BoC Policy Decision; Australian CPI (Q3); German GfK Consumer Confidence (Oct); US Durable GoodsTHU: ECB Policy Decision, BoJ Policy Decisio
READ STORY[PODCAST] European Open Rundown 25th October 2021
Asia-Pac equities kicked off the week with a downside bias; US equity futures opened with a mild negative tilt before drifting higherIn FX, DXY dipped below 93.500, JPY lagged and the AUD outperformedThe TRY slumped after Turkish President Erdogan ordered 10 foreign ambassadors be declared persona n
READ STORY[PODCAST] US Open Rundown 22nd October 2021
European bourses are firmer with performance improving after a cautious open post-APAC given Intel & Snap tech headwinds; ES U/C, NQ -0.4%Intel and Snap slumped post-earnings on soft guidance and Snap CEO comments on iOS advertising tracking; impacting tech names and the broader NQEvergrande has
READ STORY[PODCAST] European Open Rundown 22nd October 2021
Asian equities traded with a positive bias but with gains capped following the temperamental mood on Wall StThe S&P 500 printed a new ATH, whilst the NQ future was pressured by post-earnings losses from Intel and SnapThe DXY remains subdued and sub-94.00 with price action in the FX space limited
READ STORY[PODCAST] US Open Rundown 21st October 2021
European bourses/US futures strike a cautious tone after a mixed APAC handover with focus on Evergrande, yields and earnings; ES -0.2%Evergrande resumed trade suffering double-digit losses ahead of Sunday's offshore 30 day grace period expiryDXY is bolstered alongside safe-havens on the cautious ton
READ STORY[PODCAST] European Open Rundown 21st October 2021
Asia-Pac indices traded somewhat mixed after the similar performance statesideThe S&P 500 briefly approached within 5 points of its all-time peak, whilst the Nasdaq laggedTesla shares were seen lower by 1.6% in after-hours trade despite reporting a beat on top and bottom linesThe DXY remains sub
READ STORY[PODCAST] US Open Rundown 20th October 2021
European bourses/US futures are contained after a predominantly firmer APAC lead ahead of earnings/Central Bank speakHead of China's FX regulator says the two-way Yuan fluctuations have increasedECB's hawk Weidmann is to step-down at year-end for personal reasonsThe DXY remains below 94.00 but is fi
READ STORY[PODCAST] European Open Rundown 20th October 2021
Asian equity markets traded mostly positive as the region took its cue from the extended gains on Wall StreetThe PBoC maintained its benchmark Loan Prime Rates for the 18th consecutive monthThe DXY remains on a softer footing, EUR/USD hovers around 1.1650 and GBP/USD sits on a 1.38 handlePresident B
READ STORY[PODCAST] US Open Rundown 19th October 2021
European bourses/US futures are firmer though the upside is marginal amid minimal fresh macro impulses; ES +0.4%The DXY remains subdued and sub-94.00, whilst antipodeans lead in the G10 spaceCore debt is contained and the US yield curve is slightly steeper ahead of Central Bank speak and Wednesday's
READ STORY[PODCAST] European Open Rundown 19th October 2021
Asian equity markets were kept afloat with the region encouraged after the mostly positive lead from the USBig tech gained including Apple which, benefitted following its hardware eventThe DXY remains on a softer footing and sub-94.00, whilst antipodeans lead in the G10 spaceLooking ahead, highlight
READ STORY[PODCAST] US Open Rundown 18th October 2021
European bourses/US futures are softer in-line with the APAC handover; ES -0.4%Asia-Pac stocks traded cautiously after disappointing Chinese GDP and Industrial Production dataInflationary concerns lingered amid a continued rally in oil prices and with New Zealand CPI at a decade highBoE Governor Bai
READ STORYWeek Ahead 18-22nd October: highlights include Chinese activity data, PBoC; BoC BOS; Flash PMIs; UK, Japan, Canadian CPI
MON: Chinese GDP (Q3), Retail Sales (Sep); Industrial Output (Sep).TUE: RBA Minutes; Bank of Indonesia Policy Decision; NBH Policy Decision.WED: PBoC LPR Setting; UK Inflation (Sep); Canadian CPI.THU: CBRT Policy Decision; US Philly Fed (Oct).FRI: Japanese CPI (Sep); UK Retail Sales (Sep); EZ, UK an
READ STORY[PODCAST] European Open Rundown 18th October 2021
Asia-Pac stocks traded cautiously after disappointing Chinese GDP and Industrial Production dataInflationary concerns lingered amid a continued rally in oil prices and with New Zealand CPI at a decade highBoE Governor Bailey cautioned that the MPC will have to act to contain inflationIn FX, the DXY
READ STORY[PODCAST] US Open Rundown 15th October 2021
European bourses are firmer but off best levels; US equity futures see broad-based gainsIn FX, the DXY is subdued below 94.00, with JPY lagging and USD/JPY firmly above 114.00PBoC says risks to the financial system from Evergrande are controllable and separately that China's inflation is under contr
READ STORY[PODCAST] European Open Rundown 15th October 2021
Asia-Pac stocks traded higher amid tailwinds from the upbeat mood across global peers; US equity futures drifted higher overnightIn FX, the DXY was subdued below 94.00; Kiwi outperformed while USD/JPY topped 114.00UK government spokesperson said there is “still a substantial gap” between the UK and
READ STORY[PODCAST] US Open Rundown 14th October 2021
European bourses are US futures are upbeat continuing the constructive APAC performance; ES +0.7%China saw mixed inflation numbers; CPI printed below estimates but PPI topped forecasts for a record increase in factory gate pricesDXY has been under pressure and sub-94.00 throughout the morning while
READ STORY[PODCAST] European Open Rundown 14th October 2021
A constructive mood was seen across Asia-Pac stocks; US equity futures marginally gained overnightThe FOMC meeting minutes laid out the potential announcement timing and parameters of the QE taperingChina saw mixed inflation numbers; CPI printed below estimates but PPI topped forecasts for a record
READ STORY[PODCAST] US Open Rundown 13th October 2021
The mood across European stocks has improved from the subdued cash open (Euro Stoxx 50 +0.5%; Stoxx 600 +0.3%)US equity futures have also nursed earlier losses and trade in modest positive territory across the board, with the NQ narrowly outperformingApple is reportedly set to slash iPhone productio
READ STORY[PODCAST] European Open Rundown 13th October 2021
Asia-Pac stocks were mixed following the choppy performance stateside with sentiment also hampered by an update from AppleApple is reportedly set to slash iPhone production due to the chip crunchChinese trade data saw exports top estimates but imports disappointedHong Kong markets were kept shut ami
READ STORY[PODCAST] US Open Rundown 12th October 2021
European bourses kicked the day off softer but have since drifted higher; US equity futures nursed earlier lossesIn FX, DXY is off overnight lows, USD/JPY tested 113.00 to the downside, USD/TRY extended above 9.00EU antitrust regulators is reportedly likely to open an investigation into Nvidia's (NV
READ STORY[PODCAST] European Open Rundown 12th October 2021
Asian equity markets traded mostly lower following the indecisive mood stateside where major indices gave back initial gains to finish negativeSentiment overnight was also hampered by tighter Beijing regulatory scrutiny and with US equity futures extending on lossesIn FX, the DXY sits firmly above 9
READ STORY[PODCAST] US Open Rundown 11th October 2021
Bourses in Europe are mostly but modestly lower (ex-FTSE 100); US equity futures see broad-based losses of 0.3-0.4%In FX, DXY is firmer after wiping out earlier losses, USD/JPY tested 113.00, EUR/USD approaches 1.1550, and AUD outperformsChinese Vice Premier Liu He exchanged views with USTR Tai on t
READ STORYWeek Ahead 11-15th October: FOMC minutes; US CPI, retail sales; China CPI; Aussie, UK jobs
MON: US Columbus Day.TUE: BoK Policy Decision; UK Jobs Report (Aug); German ZEW Survey (Oct).WED: FOMC Minutes; UK GDP Estimate (Aug); US CPI (Sep); Chinese Trade Balance (Sep); OPEC MOMR; EIA STEO.THU: Australian Labour Force Report (Sep); Chinese Inflation (Sep); US PPI (Sep); IEA OMR; Hong Kong H
READ STORY[PODCAST] European Open Rundown 11th October 2021
Asia-Pac stocks traded mostly positive after shrugging off the weak post-NFP US leadChinese Vice Premier Liu He exchanged views with USTR Tai on the trade agreement during a virtual discussion on SaturdayIn FX, the DXY maintains 94.00 status, EUR/USD sits on a 1.15 handle and GBP is firmer post-hawk
READ STORY[PODCAST] US Open Rundown 8th October 2021
Marginally positive European equity open fizzled out as we await fresh catalysts pre-NFP but oil remains upbeatDXY remains above 94.00 but has come under modest pressure though safe-havens continue to lag and core debt remains downbeatMainland China was bolstered on its return from Golden week; Chin
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