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[PODCAST] US Open Rundown 22nd September 2021
Risk sentiment has strengthened on China's return to market amid PBoC liquidity operations and Evergrande developmentsEvergrande’s main unit Hengda Real Estate will make domestic coupon payments due tomorrow; offshore payments unclear, sourcesEquities are firmer with Europe marginally outperforming
READ STORY[PODCAST] European Open Rundown 22nd September 2021
Asian equity markets traded mixed as caution lingered ahead of upcoming risk events including the FOMCParticipants also digested the latest Evergrande developments and China’s return to the market from the Mid-Autumn FestivalEvergrande’s main unit Hengda Real Estate will make coupon payments due tom
READ STORY[PODCAST] US Open Rundown 21st September 2021
European bourses & US futures are firmer in an attempt to recoup yesterday's losses; albeit, we remain lower on the week thus-farEvergrande Chairman provided upbeat commentary; but, China remains on holiday and we await Thursday's bond interest deadlineIn FX, the DXY has been rangebound with a d
READ STORY[PODCAST] European Open Rundown 21st September 2021
Asian equities traded cautiously following the recent downbeat global risk appetiteWall Street saw its heaviest losses since May with the S&P closing lower by 1.7%In FX, the DXY was rangebound above 93.00, EUR/USD was steady after finding support at 1.17 and GBP/USD nursed losses sub-1.37Canadia
READ STORY[PODCAST] US Open Rundown 20th September 2021
European bourses trade with losses across the board; US equity futures conform to the risk aversion with NQ narrowly outperforming vs RTYAsia-Pac stocks were spooked at the start of the week; Mainland China, Japan, South Korea and Taiwan were closedEvergrande fell 17% on default fears; executives re
READ STORYWeek Ahead: Highlights include FOMC, PBoC, BoE, flash PMIs, Canada Election
MON: Canadian Election; Swedish Budget; Japan Market Holiday.TUE: RBA Minutes (Sep); BI Policy Decision; NHB Policy Decision; Riksbank Policy Decision.WED: FOMC Policy Decision; BoJ Policy Decision; PBoC LPR Setting; BCB Policy Decision.THU: BoE Policy Decision; SNB Policy Decision; Norges Bank Poli
READ STORY[PODCAST] European Open Rundown 20th September 2021
Asia-Pac stocks were spooked at the start of the week; Mainland China, Japan, South Korea and Taiwan were closedUS equity futures also slipped overnight with the RTY underperforming, NQ losses were less pronouncedIn FX, DXY extended gains above 93.00, USD/JPY fell under 110.00, and antipodeans under
READ STORY[PODCAST] US Open Rundown 17th September 2021
Equities have come under pressure on Quad Witching Day, ES -0.3%, Euro Stoxx 50 -0.1%In FX, the DXY has pulled back to the modest benefit of peers while debt is softer but off worst levelsUS and Australia issued a joint statement that noted they will strengthen ties with TaiwanECB stated the FT stor
READ STORY[PODCAST] European Open Rundown 17th September 2021
Asian equity markets traded mixed with the region tentative; US equity futures drifted higher overnightIn FX, DXY pulled back from yesterday's highs, GBP/USD reclaimed 1.3800 and antipodeans narrowly outperformedUS and Australia issued a joint statement that noted they will strengthen ties with Taiw
READ STORY[PODCAST] US Open Rundown 16th September 2021
European/US equity futures diverge with US benchmarks under modest pressure ahead of US dataDXY is firmer with peers pressured across the board ex-NZD; core debt is subdued as short-lived consolidation fizzled outUS, UK and Australia agreed on a new security partnership for the Indo-Pacific regionUK
READ STORY[PODCAST] European Open Rundown 16th September 2021
Asian equity markets traded mostly lower; US equity futures traded flat with a downside biasIn FX, the DXY was rangebound, USD/JPY was subdued, antipodeans traded indecisivelyCrude prices held onto the prior session's gainsUS, UK and Australia agreed on a new security partnership for the Indo-Pacifi
READ STORY[PODCAST] US Open Rundown 15th September 2021
Equities are contained though Europe has a slight downside bias while US futures are bid, ES +0.3%In FX, the DXY is subdued and sub 92.50, peers firmer across the board and JPY leading the chargeChinese Industrial Production and Retail Sales data missed expectationsSouth Korean military stated that
READ STORY[PODCAST] European Open Rundown 15th September 2021
Asia-Pac stocks mostly followed suit to the losses on Wall St where cyclicals underperformed, and financials were hitEurozone and US equity futures traded with a mild upside bias overnight; FTSE 100 futures laggedIn FX, the DXY was steady, EUR/USD was rangebound, AUD/USD saw mild gains and USD/JPY w
READ STORY[PODCAST] US Open Rundown 14th September 2021
European bourse trade mixed after an initial foray lower as China-losses accelerated into the APAC closeUS equity futures are flat/contained in the run-up to CPI, with the NQ narrowly laggingIn FX, the DXY is softer but straddling 92.50 while peers are mixed and AUD lags post-LoweRBA Governor Lowe s
READ STORY[PODCAST] European Open Rundown 14th September 2021
Asia-Pac stocks eventually followed suit to the mostly positive handover from the US; US equity futures traded with mild gains overnightIn FX, DXY remained lacklustre, EUR/USD and GBP/USD were little changed, USD/JPY held onto 110.00 and AUD was pressuredRBA Governor Lowe said it is difficult to und
READ STORY[PODCAST] US Open Rundown 13th September 2021
Risk sentiment turned constructive shrugging off a mixed APAC handover, Euro Stoxx 50 +0.6%, ES +0.5%USD is firmer, though G10 peers are mixed as antipodeans outperform while safe-havens lagGlobal Times Editor warned Taiwan of "full scale" sanctions and military patrols following the proposal to ren
READ STORYWeek Ahead: highlights include US CPI, retail sales; UK jobs data, CA CPI
MON: Norwegian Elections; OPEC MOMRTUE: UK Jobs Report (Jul); US CPI (Aug); IEA OMRWED: UK Inflation (Aug); EZ Industrial Production (Jul); US NY Fed Manufacturing (Aug); Canadian CPI (Aug); New Zealand GDP (Q2)THU: Australian Labour Force (Aug); US Philly Fed (Sep) and Retail Sales (Aug)FRI: UK Ret
READ STORY[PODCAST] European Open Rundown 13th September 2021
Asia-Pac stocks began the week cautiously; US equity futures faded their earlier mild gainsIn FX, the DXY was steady, EUR/USD and GBP/USD were subdued and USD/JPY traded choppyGlobal Times Editor warned Taiwan of "full scale" sanctions and military patrols following the proposal to rename Taiwan’s U
READ STORY[PODCAST] US Open Rundown 10th September 2021
European equities (Stoxx 600 +0.3%) trade on a marginally firmer footing with the Stoxx 600 attempting to recoup some of the week's lossesUS equity futures are modestly firmer across the board with mild outperformance in the RTYUS President Biden and Chinese President Xi had a broad and strategic di
READ STORY[PODCAST] European Open Rundown 10th September 2021
Asian stocks approached the weekend with a brightened mood as the region nursed recent lossesGains overnight were in contrast to a soft US close with the S&P 500 down just shy of 1% for the weekUS President Biden and Chinese President Xi spoke for the first time in seven monthsThe White House st
READ STORY[PODCAST] US Open Rundown 9th September 2021
Eurozone bourses have rebounded off worst levels but remain softer overall; US equity futures have recouped most of the earlier lossesFed's Bostic noted that recent data and the resurgence of COVID call for more time before a decision on reducing stimulus for the economyChinese inflation data showed
READ STORY[PODCAST] European Open Rundown 9th September 2021
Asia-Pac stock markets were mostly negative as the downbeat mood rolled over from the US and EuropeChinese inflation data showed softer than expected consumer prices but firmer factory gate pricesBoE Governor Bailey stated that the MPC was split as to whether minimum necessary conditions were met to
READ STORY[PODCAST] US Open Rundown 8th September 2021
Bourses in Europe saw losses intensify shortly after the cash open; US equity futures followed suit but have since regained composureIn FX, the DXY sits further above 92.50, EUR/USD and GBP/USD trade on 1.18 and 1.37 handles respectivelyFed's Bullard (2022 voter) said the Fed should proceed with tap
READ STORY[PODCAST] European Open Rundown 8th September 2021
Asia-Pac equity markets followed suit from the lacklustre performance in the USSentiment stateside was subdued on return from Labor Day with weakness seen in cyclicalsIn FX, the DXY sits above 92.50, EUR/USD and GBP/USD trade on 1.18 and 1.37 handles respectivelyUS Democrat Senator Manchin privately
READ STORY[PODCAST] US Open Rundown 7th September 2021
Bourses in Europe have retained the uninspiring price action seen at the cash open (Euro Stoxx 50 -0.1%; Stoxx 600 -0.1%)In FX, DXY remains on the front foot to the detriment of G10 peers; USD/JPY eyes 110.00 to the upside while GBP/USD probes 1.3800Crude prices have extended their declines as US pl
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