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[PODCAST] US Open Rundown 2nd July 2021
Equities are firmer but contained in a quiet session pre NFP & OPEC+, Euro Stoxx 50 +0.2% and ES +0.1%The DXY remains bid and is forging fresh highs to the modest detriment of peers ahead of significant EUR & JPY opex at today's NY cutWTI and Brent are holding steady ahead of the resumption/
READ STORY[PODCAST] European Open Rundown 2nd July 2021
Asian equity markets were mixed as the initial tailwinds from the mild gains on Wall St were offset by weakness in ChinaThe S&P 500 eked a fresh record high and the energy sector led the gains as focus centred on OPEC deliberationsIn FX, the DXY has held above 92.50, EUR/USD and GBP/USD remain l
READ STORY[PODCAST] US Open Rundown 1st July 2021
European bourses/US futures have pared back essentially all of the mornings initial upside, Euro Stoxx 50 +0.1%, ES +0.1%; ahead of key US dataOPEC+ deal likely to include a monthly oil output increase less than 0.5mln BPD until December-2021, sources; bolstering crude futures to session highsFX has
READ STORY[PODCAST] European Open Rundown 1st July 2021
Asian equity markets began H2 subdued following the mixed performance of Wall St counterpartsThe BoJ Tankan survey missed expectations and Chinese Caixin Manufacturing PMI printed short of estimatesThe DXY remains on a firm footing above 92.00, EUR/USD trades sub-1.1850 and GBP/USD holds on to 1.38
READ STORY[PODCAST] US Open Rundown 30th June 2021
European indices and US futures have come under pressure as the session progressed going into June, Q2 & H1 end; Euro Stoxx 50 -0.80%, ES -0.1%DXY remains bid above 92.00 with peers contained and Sterling the lone G10 outperformer while fixed is firmer & USTs yields flatterChinese Manufactur
READ STORY[PODCAST] European Open Rundown 30th June 2021
Asian equity markets head into month-end mostly positive but with gains capped as participants digested the latest Chinese PMIsManufacturing PMI topped estimates but showed slower growth in tandem with the softer Non-Manufacturing and Composite readingsIn FX, the DXY consolidated after reclaiming 92
READ STORY[PODCAST] US Open Rundown 29th June 2021
European bourses are firmer while US futures are more contained and sub yesterday's record levels after a subdued APAC handover; Euro Stoxx 50 +0.4%, ES U/CCrude remains pressured pre-OPEC with the JTC commencing from 12:00BST/07:00EDT today; though, benchmarks have recovered off lows which saw WTI
READ STORY[PODCAST] European Open Rundown 29th June 2021
Asian equity markets traded subdued with the regional bourses mostly lower after the mixed performance on Wall StreetIn the US, tech outperformed amid a decline in yields to lift both the S&P 500 and Nasdaq to fresh all-time highsIn FX, the DXY was rangebound below 92.00, EUR/USD held onto 1.19
READ STORY[PODCAST] US Open Rundown 28th June 2021
Equities are contained in relatively narrow ranges after an uneventful APAC session; Euro Stoxx 50 -0.3% and ES U/CFX is rangebound and the USD has been either side of the U/C throughout the morning with GBP outperforming but peers broadly containedUSTs are firmer and the yield curve is bull-flatten
READ STORYNewsquawk Week Ahead 28th-2nd July 2021; highlights include US jobs report, ISM; OPEC+ meetings; Prelim June PMI data
MON: BoJ Summary of Opinions (Jun)TUE: German CPI Prelim (Jun); EZ Sentiment Survey (Jun); Japanese Jobs Data (May); US Monthly Home Prices (Apr)WED: Chinese Official PMIs (Jun); Japanese Industrial Output (May); German Unemployment (Jun); EZ Flash CPI (Jun); US ADP National Employment (May);
READ STORY[PODCAST] European Open Rundown 28th June 2021
Asian equity markets were subdued following a light weekend in terms of macro drivers ahead of NFP on FridayUS equity futures were uneventful with the Emini S&P fading an initial extension to fresh record highsIn FX markets, the DXY remains sub-92.00, EUR/USD trades on a 1.19 handle and GBP/USD
READ STORY[PODCAST] US Open Rundown 25th June 2021
European equities are mixed but contained while US futures are steady as we await infrastructure updates, ES +0.1%US Senate Minority Leader McConnell has gone from optimism to pessimism on infrastructure after Biden's veto threatFX is rangebound with the USD lower and NZD outperforming post-data whi
READ STORY[PODCAST] European Open Rundown 25th June 2021
Asia-Pac equities picked up momentum throughout the session; Nikkei 225 climbed back above 29kUS equity futures overnight traded with a mild upside bias with the YM marginally outperformingIn FX, the DXY was contained, USD/JPY remained sub-111.00 and NZD outperformedUS Senate Minority Leader McConne
READ STORY[PODCAST] US Open Rundown 24th June 2021
Equities took impetus from Ifo beats after mixed/contained APAC trade, Euro Stoxx 50 +0.9%, ES +0.4%The USD is modestly pressured with G10 peers firmer but rangebound while core debt has stabilisedA bipartisan group of US senators has reached an accord on a framework for an infrastructure bill; some
READ STORY[PODCAST] European Open Rundown 24th June 2021
Asia-Pac bourses saw a mixed and contained session; US equity futures traded with a mild upside bias overnightFX was quiet, DXY remained caged under 92.000, EUR/USD and GBP/USD traded sideways whilst USD/JPY printed a fresh YTD high at 111.11China's Banking and Insurance Regulator official expects C
READ STORY[PODCAST] US Open Rundown 23rd June 2021
Equities have slipped/stalled in proximity to all-time-highs, Euro Stoxx 50 -0.6% and ES U/C, amid quiet newsflowThe USD is subdued with peers modestly firmer ex-JPY which has dropped to fresh YTD lows surpassing 111.00EZ flash PMIs were firmer than expected though the French measures missed on expe
READ STORY[PODCAST] European Open Rundown 23rd June 2021
Asia-Pac equities saw mixed trade; Hong Kong outperformed while Australia laggedUS equity futures held a mild upside bias overnight near the prior session's highsIn FX, DXY was firm, Antipodeans underperformed and the Yuan came under pressureChina said its military is ready to respond to all provoca
READ STORY[PODCAST] US Open Rundown 22nd June 2021
Equities drifted at the European cash open but catalysts were slim and performance has been rangebound; most recently, US futures have returned to near unchanged levelsCrude is pressured given source reports that Russia is considering proposing an increase in OPEC+ oil production at the July 1st mee
READ STORY[PODCAST] European Open Rundown 22nd June 2021
Asia-Pac equities staged a rebound from the prior day's sell-off; Nikkei outperformed and the Hang Seng laggedUS equity futures traded flat and near the prior session’s best levels; US 10yr cash yield probed 1.50% overnightFX was quiet, DXY hovers around 92, EUR/USD and GBP/USD found support at 1.19
READ STORY[PODCAST] US Open Rundown 21st June 2021
US futures are firmer, ES +0.5%, after bouncing from overnight pressure as APAC players reacted to Friday's hawkish Fed remarks; Euro Stoxx 50 +0.4%FX has been choppy though the DXY is ultimately subdued but still holds 92.00 to the benefit of peers across the boardCore debt remains firmer though ne
READ STORYNewsquawk Week Ahead 21st-25th June: Highlights include EZ, UK and US Flash PMIs, BoE, US Durable Goods, Canadian Retail Sales
MON: PBoC LPR AnnouncementTUE: US Richmond Fed Survey (Jun); NBH Policy DecisionWED: EZ, UK and US Markit Flash PMIs (Jun); Canadian Retail Sales (Apr); CNB & Thai Policy Decisions, SNB Quarterly Bulletin (Q2)THU: BoE Policy Decision; German Ifo Survey (Jun); US Durable Goods (May), GDP and PCE
READ STORY[PODCAST] European Open Rundown 21st June 2021
A risk-off tone was seen overnight. Nikkei 225 lost the 28k level but Mainland China bucked the trendUS equity futures drifted lower overnight in which the NQ and YM declined under 14k and 33k respectivelyYields continued to pull back; the US 10yr and 30yr cash yields dipped below 1.40% and 2.00% re
READ STORY[PODCAST] US Open Rundown 18th June 2021
European bourses are modestly pressured, Euro Stoxx 50 -0.3%, amid a relatively quiet session featuring banks & energy names as the laggards; ES -0.1%The DXY remains elevated though failed to retain 92.00 as US yields pulledback, with FX peers pressured and energy-exposed FX laggingBoJ maintaine
READ STORY[PODCAST] European Open Rundown 18th June 2021
Asian equities were sluggish following the mixed lead from Wall Street where the NDX posted a fresh record highWhite House National Security Adviser Sullivan said they are considering a call between US President Biden and Chinese President XiBoJ maintained policy settings as expected and extended pa
READ STORY[PODCAST] US Open Rundown 17th June 2021
Equities remain subdued post-FOMC with pressure exacerbated on base-metal prices while banks are the clear outperformers; ES -0.3%, Euro Stoxx 50 -0.2%The USD remains supported surpassing/testing mid-April highs sub-92.00 with peers pressured across the board; SNB and Norges Bank were largely as exp
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