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[PODCAST] European Open Rundown 20th July 2021
Asian equity markets traded lower after the region inherited a negative mood from global peersUS CDC raised UK to the highest risk level and warned Americans not to travel to BritainThe DXY heads into the European open firmer, but sub-93.00, EUR/USD and GBP/USD trade on 1.17 and 1.36 handles respect
READ STORY[PODCAST] US Open Rundown 19th July 2021
Risk-off sentiment is portrayed across markets as the downbeat APAC tone reverberates into Europe; Euro Stoxx 50 -2.1%, ES -0.9%US equity futures are lower across the board with the RTY (-1.7%) underperforming whilst losses in the NQ (-0.3%) are cushionedDXY eclipsed 93.00 with activity/crude curren
READ STORYNewsquawk Week Ahead 19-23rd July; highlights include PBoC, ECB, PMIs
MON: UK Lockdown Easing (TBC)TUE: RBA Minutes (July); PBoC LPR (Jul); Japanese CPI (Jun)WED: BoJ Minutes (June); Australian Retail Sales (Jun)THU: ECB Policy Decision, SARB and Bank of Indonesia Policy Decisions, Japan Market Holiday (Marine Day)FRI: EZ, UK and US Flash PMIs (Jul); UK Retail S
READ STORY[PODCAST] European Open Rundown 19th July 2021
Asia-Pac stocks and US equity futures began the week on the back foot; Hong Kong underperformedIn FX, DXY held on to Friday's mild gains, EUR/USD tested 1.1800 to the downside and USD/JPY dipped below 110.00ECB reportedly disagreed on stimulus guidance drafts for the 22nd July meeting, while talks o
READ STORY[PODCAST] US Open Rundown 16th July 2021
European bourses are mixed/lower following an indecisive open; US equity futures are flat intradayDXY has been choppy with G10 peers trading similarly though the NZD outperforms on further RBNZ hawkish calls while USD/JPY trades above 110.00US President Biden's Administration has issued an advisory
READ STORY[PODCAST] European Open Rundown 16th July 2021
Asian stocks were subdued as the region took its cue from the lacklustre performance across global peers; US equity futures were flat overnightIn FX, DXY remained above 92.50, USD/JPY probed 110.00 and the NZD outperformed and Westpac now expects three RBNZ hikes this yearUS is preparing to impose s
READ STORY[PODCAST] US Open Rundown 15th July 2021
European bourses are lower across the board following a mixed-APAC handover where China outperformedUS equity futures vary with the NQ (+0.3%) the outperformer while the RTY (-0.8%) lagsBoE's Saunders said it may become appropriate fairly soon to withdraw some of the current monetary stimulus; spark
READ STORY[PODCAST] European Open Rundown 15th July 2021
APAC equities lacked firm direction, Hong Kong outpaced peers; US equity futures were mixed, NQ outperformedIn FX, the DXY tested but failed to breach 92.50 to the upside, USD/JPY fell under 110.00 and EUR/USD remained above 1.1800Fed Chair Powell stated it is still appropriate that monetary policy
READ STORY[PODCAST] US Open Rundown 14th July 2021
European bourses hold a modest downside bias while US futures are mixed/flat; ES U/C & NQ +0.3%The RBNZ kept its OCR unchanged but tilted more hawkish than was expected; NZD outperformsUSD is pressured with peers firmer but contained ex-NZD while core debt has bounced after strong German issuanc
READ STORY[PODCAST] European Open Rundown 14th July 2021
Asian equity markets traded mostly lower; US equity futures were also subduedIn FX, the DXY held on to most of the CPI-induced gains following a soft 30yr auctionUS Senate Democrats reached a USD 3.5tln budget deal for spending and tax plansThe RBNZ kept its OCR unchanged but tilted more hawkish tha
READ STORY[PODCAST] US Open Rundown 13th July 2021
European bourses and US equity futures are contained with mild outperformance in the NQ (+0.4%) vs the ES (U/C)The DXY has been grinding higher with peers mixed/flat; USTs & EGBs are little changedChinese trade data topped estimates but Customs warned of many uncertainties and instabilities in H
READ STORY[PODCAST] European Open Rundown 13th July 2021
Asia-Pac stocks traded higher across the board; Hong Kong outperformed and US equity futures were flatIn FX, the DXY was flat above 92.00, EUR/USD traded sideways and antipodeans outperformedChinese trade data topped estimates but Customs warned of many uncertainties and instabilities in H2 due to t
READ STORY[POCAST] US Open Rundown 12th July 2021
European bourses began the session indecisive but have since dipped as broad risk sentiment slips, Euro Stoxx 50 -0.3%, ES -0.3%, RTY -0.8%The DXY remains bid to the detriment of peers with high-betas suffering on COVID-19 concerns and crumbling commodities while USTs climb ahead of US supplyECB's L
READ STORYNewsquawk Week Ahead 12-16th July: Highlights include US CPI, retail sales; China GDP; BoJ, RBNZ, BoC, CBRT; Aussie Jobs; UK CPI, jobs
MON: Riksbank Minutes (July), Eurogroup Meeting & Foreign Affairs CouncilTUE: US CPI (Jun); Chinese Trade Balance (Jun); IEA MOMR, EU Economic/Financial Affairs CouncilWED: BoC, RBNZ & CBRT Policy Decisions; UK Inflation (Jun); EZ Industrial Production (Jun); US PPI (Jun)THU: BoK Policy Deci
READ STORY[PODCAST] European Open Rundown 12th July 2021
Asia-Pac stocks began the week on the front foot; Chinese markets conformed to the positive mood following the PBoC's surprise RRR cut on FridayIn FX, DXY was lacklustre, EUR/USD held onto its 1.1800 handle, GBP/USD stalled at 1.3900 and USD/JPY found a base at 110.00ECB's Lagarde said she sees a Ju
READ STORY[PODCAST] US Open Rundown 9th July 2021
European bourses are firmer as risk-sentiment recovers from yesterday's pressure though US futures remain mixed and comparatively more containedThe DXY is pressured at session lows with G10 peers supported across the board ex-JPY after yesterday's notable rallyCore debt has pulled-back given the bro
READ STORY[PODCAST] European Open Rundown 9th July 2021
Asia-Pac bourses resumed the downtrend seen across global counterparts which dragged Wall Street back from record highsThe US is to add additional Chinese entities to its economic blacklist over human rights abuses in XinjiangIn FX, the DXY remains sub-92.50, EUR/USD and GBP/USD sit on 1.18 and 1.37
READ STORY[PODCAST] US Open Rundown 8th July 2021
European bourses, US equity futures and the crude complex are pressured with safe-haven assets outperforming as the tone deteriorates pre ECB events & US dataThe DXY is pressured but holding just above yesterday's trough with peers mixed and safe-haven JPY & CHF the clear outperformers; USD/
READ STORY[PODCAST] European Open Rundown 8th July 2021
Asian equity markets were mostly subdued as tailwinds from the modest gains in the US were offset by virus concerns and lingering China-related frictionsFOMC minutes noted that the Fed has not yet seen the standard of 'substantial further progress' as having been met yetMinutes also noted that data
READ STORY[PODCAST] US Open Rundown 7th July 2021
European bourses are firmer though US futures are little changed, Euro Stoxx 50 +0.4%, ES +0.1%, amid relatively quiet newsflow pre-FOMC minutesCrude has continued to consolidate amid limited OPEC+ updates and attention turning to US base attacks in Syria and IraqUSD is off best levels and now littl
READ STORY[PODCAST] European Open Rundown 7th July 2021
Asian equities traded subdued with risk appetite dampened by China crackdown concerns and soft US ISM dataUS indices finished mostly in the red although growth and tech were underpinned and lifted the Nasdaq to fresh record highsIn FX, the DXY remains above 92.50, EUR/USD and GBP/USD languish on 1.1
READ STORY[PODCAST] US Open Rundown 6th July 2021
European bourses are mixed/lower, Euro Stoxx 50 -0.2%, in relatively quiet newsflow aside from mixed ZEW; ES U/CThe OPEC+ meeting was cancelled with no new date set. As such, current quota levels will be maintained; benchmarks are underpinned but off highsDXY has picked up notably from initial press
READ STORY[PODCAST] European Open Rundown 6th July 2021
Asian equity markets traded indecisively in the absence of a lead from Wall StRBA kept rates unchanged and extended bond purchases at a lower rate through to mid-NovemberUK PM Johnson announced the removal of COVID-19 restrictions which will allow the reopening of all remaining businesses from July
READ STORYNewsquawk Week Ahead 28th-2nd July 2021; highlights include US jobs report, ISM; OPEC+ meetings; Prelim June PMI data
MON: Chinese Caixin Services Final PMI (Jun); EZ Sentix Index (Jul); EZ, UK and US Markit Services and Composite Final PMIs (Jun); US Market Holiday (Independence Day), BoC Business Outlook Survey, Israel Policy DecisionTUE: RBA Policy Decision; German ZEW Survey (Jul); EZ Retail Sales (May); US ISM
READ STORY[PODCAST] European Open Rundown 5th July 2021
Asian equity markets traded tentatively ahead of this week's risk events and as participants digested a slowdown in Chinese Caixin PMI dataIn FX, the DXY has nursed post-NFP losses, EUR/USD trades north of 1.1850 and GBP/USD remains on a 1.38 handleUAE rejected a proposal to extend the deal and incr
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