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[PODCAST] US Open Rundown 1st June 2021
European equities opened on a firmer footing and extended gains; US equity futures also see broad-based gains but to a lesser extentIn FX, the DXY remained subdued beneath 90.00, EUR/USD reclaimed 1.22 and GBP/USD reached its highest level since early 2018 before losing 1.4200 statusUS President Bid
READ STORY[PODCAST] European Open Rundown 1st June 2021
Asian equity markets traded mixed after lacking direction from the US and ahead of upcoming key risk eventsIn FX, the DXY remained subdued beneath 90.00, EUR/USD reclaimed 1.22 and GBP/USD reached its highest level since early 2018RBA maintained rates as expected, reiterated its guidance that sugges
READ STORYNewsquawk Week in Focus 31/May-4/June: US NFP, ISM; JMMC; G7 meeting; EZ CPI; RBA
MON: Israel Rate Decision; Chinese Official PMI (May); German Prelim. CPI (May); UK and US market holidays.TUE: RBA Policy Decision; JMMC Meeting; Chinese Caixin Manufacturing PMI Final (May); German Retail Sales (Apr) and Unemployment; EZ and UK Manufacturing PMI Final (May); EZ Flash CPI (May); Ca
READ STORY[PODCAST] European Open Rundown 31st May 2021
Asian equity markets began the week subdued with risk appetite sapped amid holiday closures for key global marketsHeadline Chinese Manufacturing PMI slightly missed expectations whilst Non-Manufacturing topped forecastsDXY heads into the EU session around 90.00, EUR/USD trades circa 1.22 and GBP/USD
READ STORY[PODCAST] US Open Rundown 28th May 2021
Equities are mildly positive this morning in a contained/apprehensive move ahead of data and into month-endFX has for the most part been contained with the DXY holding 90.00 and JPY sub-110.00 with OpEx in focus but attention on the Yuan after a strong PBoC fixECB's Schnabel says a premature removal
READ STORY[PODCAST] European Open Rundown 28th May 2021
Asian equity markets traded mostly higher; Nikkei 225 outperformed on the back of the weaker JPYIn FX, the DXY consolidated around 90.00, USD/JPY hovered close to 110.00; and the Yuan continued to strengthenUS bipartisan bill to counter China received enough support to advance in the US SenateBoJ is
READ STORY[PODCAST] US Open Rundown 27th May 2021
European bourses have been choppy but generally directionless and rangebound while US futures see a marginal negative biasDXY is oscillating the 90.00 mark with little conviction in moves either way and peers essentially unchanged across the board and similar action seen across debt thus farThe call
READ STORY[PODCAST] European Open Rundown 27th May 2021
Asia-Pac bourses traded choppy after the mild positive bias from Wall Street wore thin as month-end loomsIn FX, the DXY consolidated at 90.00, EUR/USD failed to reclaim 1.2200, whilst USD/CNH and USD/CNY remained below 6.4000The call between China's Vice Premier Liu He and USTR Tai was said to be ca
READ STORY[PODCAST] US Open Rundown 26th May 2021
European bourses are marginally pressured while US futures tread water in quiet newsflow ahead of month-end; ES +0.2%ECB's Panetta says that current conditions do not justify reducing the pace of purchases, and a discussion about phasing out PEPP is prematureAntipodeans remain the clear outperformer
READ STORY[PODCAST] European Open Rundown 26th May 2021
Asia-Pac stocks were mostly positive in what was a modest improvement from the subdued performance on Wall StreetMost major US indices posted marginal losses, although the Nasdaq 100 bucked the trend amid resilience in techFed Vice Chair Clarida agreed with the FOMC minutes that there will be a time
READ STORY[PODCAST] US Open Rundown 25th May 2021
European bourses are contained but experiencing some slight divergence and have waned off initial best levels though the NQ remains the narrow outperformerUS Republican Senator Wicker said the GOP could support a total USD 1tln infrastructure packageReports note speculation of intervention by China
READ STORY[PODCAST] European Open Rundown 25th May 2021
Asia-Pac stocks traded higher after taking the impetus from the encouraging performance in the USMajor US indices gained, led by outperformance in tech amid a decline in yields and alongside a rebound in cryptoThe DXY remained subdued beneath 90.00, EUR/USD extended on advances above 1.22 and GBP/US
READ STORY[PODCAST] US Open Rundown 24th May 2021
European bourses are modestly firmer though there are a number of closures given Whit Monday while US futures outperform modestly in quiet tradeThe USD has been downbeat for much of the morning to the benefit of EUR in particular though the DXY did stage a short-lived resurgenceChina's NDRC reported
READ STORYWeek Ahead Preview: Highlights include potential US/China meeting; JCPOA; US PCE, personal income, spending; US consumer confidence; NZ trade, RBNZ; BOK; Aus Capex
MON: Canadian Holiday (Victoria Day); EZ Holiday (Whit Monday); US-China meeting (TBC).TUE: NBH Policy Decision; Indonesian Rate Decision; Special European Council Meeting; German Ifo Survey (May) and GDP Detailed (Q1); New Zealand Trade Balance (Apr).WED: RBNZ Policy Decision; Riksbank Financial St
READ STORY[PODCAST] European Open Rundown 24th May 2021
Asia-Pac equities began the week choppy following on from last Friday’s mixed performance on Wall Street, light weekend newsflow and heading into month-endChina's NDRC reportedly held discussions with major commodity firms and pledged to have zero tolerance on commodity futures violationsDXY trades
READ STORY[PODCAST] US Open Rundown 21st May 2021
Major bourses in Europe are mostly higher but off best levels; US equity futures trade sidewaysThe DXY has extends losses below 90.00, EUR/USD maintains 1.22 and Cable reclaimed 1.42 after PMIsUS Republicans and Democrats have privately admitted there hasn’t been much progress so far on the infrastr
READ STORY[PODCAST] European Open Rundown 21st May 2021
Asian equity markets were mixed after failing to sustain the early momentum from the constructive mood on Wall StreetAll major US indices finished higher amid a tech-led rebound. EU equity futures head into the open slightly firmerThe DXY remains subdued beneath 90.00, EUR/USD and GBP/USD maintain 1
READ STORY[PODCAST] US Open Rundown 20th May 2021
European bourses trade mixed as the earlier mild optimism faded; US equity futures have been erring lowerThe White House is planning to submit its rebuttal to the Senate GOP infrastructure offer by Friday; Republicans are concerned that a deal may not be possibleIranian President Rouhani said main a
READ STORY[PODCAST] European Open Rundown 20th May 2021
Asian equity markets traded mixed with the region cautious following the mostly negative lead from the USApril FOMC Minutes gave a nod to potential taper discussions in the approaching meetingsIn FX, the DXY is relatively steady above 90.00, EUR/USD remains sub-1.22 and GBP/USD sits on a 1.41 handle
READ STORY[PODCAST] US Open Rundown 19th May 2021
Stocks in Europe have continued drifting lower; US equity futures are also lower across the board with the NQ laggingGerman bund yield topped -10bps in early trade whilst US 10yr cash yield remains above 1.65%There has been progress in JCPOA talks but the sides have not yet achieved a breakthrough,
READ STORY[PODCAST] European Open Rundown 19th May 2021
Asian equity markets were mostly negative, US equity futures extended on the losses seen during the prior sessionRussia's envoy to JCPOA talks said important news is likely to be released by this Wednesday, although he later backtrackedIn FX, the DXY remains sub-90.00, EUR/USD holds on to 1.22 statu
READ STORY[PODCAST] US Open Rundown 18th May 2021
Major bourses in Europe have drifted off best levels; US equity futures traded sideways with the NQ narrowly outperformingIn FX, the DXY lost its 90.00 handle whilst EUR/USD and GBP/USD topped 1.2200 and 1.4200 respectively and USD/JPY dipped below 109.00Bent July futures rose above USD 70/bbl for t
READ STORY[PODCAST] European Open Rundown 18th May 2021
Asian equities traded mostly positive as the region shrugged off the negative lead from Wall StreetIn FX, the DXY remains subdued, EUR/USD extended gains above 1.2150 and GBP/USD trades at its best level in over two monthsWTI crude futures eked marginal gains to trade around the USD 66.50/bbl levelU
READ STORY[PODCAST] US Open Rundown 17th May 2021
Major bourses in Europe trade with little conviction whilst US equity futures remain contained with a downside biasChinese industrial production printed inline with estimates and retail sales disappointed but still showed respectable growthChina will extend tariff exemption for some US imported prod
READ STORYWEEK AHEAD PREVIEW: Highlights include US CPI, Retail Sales; China CPI; ECB mins; German ZEW; monthly oil market reports; Aussie budget; UK GDP; Banxico
MON: Eurogroup Meeting; Chinese Retail Sales and Industrial Production (Apr)TUE: RBA Minutes (April); EU Economic & Financial Affairs Council; Japanese GDP (Q1); UK Jobs Report (Mar); EZ Employment (Q1) and GDP (Q1)WED: FOMC Minutes (April); UK Inflation (Apr); EZ CPI (Apr) Canadian CPI (Apr); H
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