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[PODCAST] European Open Rundown 5th August 2021
Asia-Pac equities traded mixed with the breadth of the price action narrow; US equity futures saw mild gainsIn FX, DXY held onto the Clarida-induced gains; the non-US Dollars saw some upside and the JPY narrowly laggedFed's Daly (2021, 2024 voter) said her modal outlook is the Fed will be able to ta
READ STORY[PODCAST] US Open Rundown Rundown 4th August 2021
Equity bourses are firmer in Europe with US futures little changed in a contained session pre-Clarida/quarterly refunding; ES U/CIn FX, the USD rose to fresh weekly highs with peers mixed as antipodeans outperform and EUR/USD drops to within a 2bln FX option band for the NY cutChina's Caixin Service
READ STORY[PODCAST] European Open Rundown 4th August 2021
Asia-Pac equities traded mostly higher; Hong Kong outperformed with the Hang Seng Tech Index rising over 3%US equity futures overnight resumed trade modestly softer and were caged throughout the sessionIn FX, DXY probed 92.000, EUR, GBP and JPY were uneventful whilst the NZD was bolstered by a solid
READ STORY[PODCAST] US Open Rundown 3rd August 2021
European equities, Stoxx 50 +0.3%, are dictated by earnings updates with Oil names outperforming on BP and autos diverging after Daimler and StellantisStateside, futures are firmer and the RTY is outperforming ahead of further large-cap earningsIn FX, DXY lost 92.00; EUR, GBP, and JPY are firmer but
READ STORY[PODCAST] European Open Rundown 3rd August 2021
APAC equities saw a cautious session; Hong Kong lagged as gaming stocks were hit by China's renewed crackdownUS equity futures overnight resumed trade with mild broad-based gainsIn FX, DXY held onto 92.00; EUR, GBP, and JPY were uneventful whilst antipodeans saw central bank updatesFed Governor Wall
READ STORY[PODCAST] US Open Rundown 2nd August 2021
Risk sentiment is constructive though EU action has been minimal and focused on earnings/weekend newsflow as we await risk events; ES +0.6%The DXY is sedate on the new-month with peers benefitting but only modestly so; core debt is deviating with USTs firmerA vote on the USD 1tln infrastructure bill
READ STORYWeek Ahead: Highlights include US NFP, ISM, Tsy refunding; BoE, RBA, BCB, RBI; NZ jobs, Aus retail sales
MON: Chinese Caixin Manufacturing PMI Final (Jul); German Retail Sales (Jun); EZ, UK and US Manufacturing PMI Final (Jul); US ISM Manufacturing PMI (Jul); Canadian Civic HolidayTUE: RBA Policy Decision; EZ PPI (Jun); US Durable Goods R (Jun); New Zealand HLFS Jobs Report (Q2)WED: BCB Policy Decision
READ STORY[PODCAST] European Open Rundown 2nd August 2021
APAC equities traded higher across the board; Japan outperformed whilst China reboundedUS equity futures extended on gains throughout the night, with the ES and NQ back above 4,400 and 15,000 respectivelyFX markets were uneventful, DXY traded within a tight range just above the 92.00, EUR, GBP and J
READ STORY[PODCAST] US Open Rundown 30th July 2021
Equities are subdued going into month-end with attention on AMZN (-6.1%) following a disappointing earnings report and guidance; ES -0.6%USD has been choppy and pressured for much of the session, though has staged a modest recovery with peers mixed/flatUS SEC has stopped processing the IPO registrat
READ STORY[PODCAST] European Open Rundown 30th July 2021
Asia-Pac stocks mostly weakened at month-end with the region occupied by a slew of earnings and data releasesAmazon was seen lower by 7.4% after-hours following a disappointing earnings report and guidanceIn FX, the DXY heads into the European open around the 92.00 mark, EUR/USD trades sub-1.19 and
READ STORY[PODCAST] US Open Rundown 29th July 2021
European bourses are firmer after an earnings dominated morning with US futures positively-biased but more contained; Euro Stoxx 50 +0.4%, ES +0.2%DXY is subdued and sub-92.00 at worst to the benefit of G10 peers while debt dips on sentiment and ahead of US 7yr supplyThe US Senate voted 67-32 to mov
READ STORY[PODCAST] European Open Rundown 29th July 2021
FOMC stood pat on policy whilst noting that progress has been made towards goals; substantial threshold not yet metFOMC is on track to make an explicit ‘taper is coming’ signal at the Jackson Hole SymposiumAsia-Pac stocks traded positively alongside a rebound in Chinese equities as regulators attemp
READ STORY[PODCAST] US Open Rundown 28th July 2021
Equity indices are firmer but contained pre-Fed after the lacklustre APAC handover with movers dominated by earnings; Euro Stoxx 50 +0.7%, ES +0.2%Large cap US earnings sees Apple lower pre-market trade, Microsoft marginally firmer and Alphabet higher; all beat on top and bottom linesUSD is choppy b
READ STORY[PODCAST] European Open Rundown 28th July 2021
Asian equity markets traded mostly lower following on from the subdued mood in global counterpartsLarge cap US earnings saw Apple lower in after-market trade, Microsoft marginally firmer and Alphabet higher; all beat on top and bottom linesDXY is lacklustre around 92.50 ahead of FOMC. EUR/USD and GB
READ STORY[PODCAST] US Open Rundown 27th July 2021
Sentiment slipped around the European cash open given pressure in China's bourses, though we are currently off lows; Euro Stoxx 50 -0.4%, ES -0.3%USD is firmer with activity currencies pressured on the tone and safe-haven JPY outperforming; though, attention is on rising Tokyo COVID-19 cases amid th
READ STORY[PODCAST] European Open Rundown 27th July 2021
Asian equity markets traded mostly positive as the region found inspiration from Wall St. where all major indices extended on record highsSenate Majority Leader Schumer noted that the Senate may stay in session through the weekend to finish the billThe DXY consolidated after its recent retreat towar
READ STORY[PODCAST] US Open Rundown 26th July 2021
European bourses are softer but well off lows following a mixed APAC handover where China underperformed; Euro Stoxx 50 -0.4%Chinese Vice Foreign Minister Xie Feng said the relationship with the US is in a stalemate and now faces difficultiesModest further pressure was seen in sentiment after the do
READ STORYNewsquawk Week Ahead: highlights include US/China meeting; FOMC; US PCE, GDP; EZ CPI, GDP
MON: US-China meeting; German Ifo Survey (Jul).TUE: MNB Policy Decision; South Korean GDP (Q2); US Durable Goods (Jun) and Richmond Fed (Jul).WED: FOMC Policy Decision, BoJ SOO (Jul), CBRT Minutes (Jul); Australian CPI (Q2); German GfK Consumer Sentiment (Aug); Canadian CPI (Jun).THU: German Unemplo
READ STORY[PODCAST] US Open Rundown 23rd July 2021
Equities are firmer this morning as a modest risk-on bias is present amid quiet newsflow; Euro Stoxx 50 +0.8%, ES +0.5%The DXY is firmer but still capped by 93.00 with peers slightly softer overall and JPY lagging amid the absence of Japanese participantsEZ Flash PMIs beat across the board though sp
READ STORY[PODCAST] European Open Rundown 23rd July 2021
Asian stocks traded mixed with the region indecisive following on from a choppy performance statesideThe DXY consolidated beneath 93.00, EUR/USD and GBP/USD trade on 1.17 and 1.37 handles respectivelyECB's Weidmann and Wunsch opposed the Bank's new rate guidance, according to sourcesGOP Senator Coll
READ STORY[PODCAST] US Open Rundown 22nd July 2021
Equity indices remain firmer with sectors/movers in Europe dictated by earnings updates with US futures firmer though magnitudes slimmer; Euro Stoxx 50 +1.1%, ES 0.2%The USD has been choppy but has recently dipped from highs though peers remain contained ex-AUD & GBPGBP was briefly pressured on
READ STORY[PODCAST] European Open Rundown 22nd July 2021
Asia-Pac stocks traded higher following the extended rebound across global counterpartsIn FX, the DXY remains sub-93.00, EUR/USD eyes 1.18 and GBP/USD sits on a 1.37 handleThe US Senate voted to block the opening of the debate on the bipartisan infrastructure planDemocrat Senator Manchin stated that
READ STORY[PODCAST] US Open Rundown 21st July 2021
Equities are firmer this morning with a pro-cyclical bias in play; Euro Stoxx 50 +1.4%, ES +0.4% & RTY +0.9%DXY has been choppy around the 93.00 mark with peers rangebound and USD/JPY contained by OpExCore debt is pressured given the risk tone and, unlike Tuesday, the Bund outing not offering an
READ STORY[PODCAST] European Open Rundown 21st July 2021
Asia-Pac stocks traded with a positive bias as the region partially took impetus from the rebound on Wall StIn FX, the DXY held above 93.00, EUR/USD trades on a 1.17 handle and GBP/USD holds on to 1.36 statusUS Democrat Senator Manchin said they are getting close on the infrastructure dealUK ministe
READ STORY[PODCAST] US Open Rundown 20th July 2021
European bourses began the session firmer in a mild paring of yesterday's losses but have since retraced the bulk of this; Euro Stoxx 50 +0.3%Similarly, US futures pulled back but retain an underlying bid with the RTY, +0.9%, outperformingThe DXY is firmer but sub-93.00 with peers only modestly pres
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