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[PODCAST] European Open Rundown 18th February 2021
Asian equity markets traded indecisively as the region took its cue from a similarly uninspiring lead from the USFOMC minutes proved to be uneventful in which the account noted that the Fed is still far from its inflation and employment goalsThe DXY held firm after its brief incursion above 91.00, E
READ STORY[PODCAST] US Open Rundown 17th February 2021
European indices are modestly softer while US futures are essentially flat ahead of a number of US risk events, including FOMC minutesUSTs are a touch firmer with yields flattening as such and off of yesterday's cycle highs of 1.33% in the 10-yearCrude remains bolstered amid US oil production report
READ STORY[PODCAST] European Open Rundown 17th February 2021
Asia-Pac equity markets traded mostly lower after the lacklustre handover from Wall StreetUS Treasury yields printed fresh cyclical highs with the 10yr currently circa 1.3%US President Biden said every American who wants a vaccine will receive it by the end of JulyIn FX, the DXY was choppy overnight
READ STORY[PODCAST] US Open Rundown 16th February 2021
US futures are firmer, ES +0.4%, but off earlier highs with European equities softer, Euro Stoxx 50 -0.1%, and the reflation trade resuming; Russell 200 +0.8%, US 10yr-yield surpassing 1.25%Crude was initially firmer given refiners shutting facilities due to the US weather; however, benchmarks came
READ STORY[PODCAST] European Open Rundown 16th February 2021
Asian equity markets traded higher across the board as markets picked up from the holiday lullSome gains for regional bourses and US equity futures were later reversed after reports that China is mulling curbs on rare earth metals exports, targeting the US defense sectorBoJ's Kuroda stated that the
READ STORY[PODCAST] European Open Rundown 15th February 2021
Asia-Pac equity markets began the week positively with sentiment underpinned as US equity futures extended to fresh record levelsThe UK reached its 15mln vaccination milestone while the 7-day average new infection cases in the US recently declined below 100k for the first time in more than 3 monthsI
READ STORY[PODCAST] US Open Rundown 12th February 2021
European bourses are mixed but have recovered off earlier lows with US futures directionally similar but with magnitudes more modest; ES -0.2%DXY remains elevated but shy of recent levels as EUR/USD breaches 1.2100 and USD/JPY through 105.00 where hefty expiries lieItaly 5SM members voted to support
READ STORY[PODCAST] European Open Rundown 12th February 2021
Asian equity markets were subdued in holiday-thinned trade and following a mixed lead from Wall StreetIn FX, the DXY attempted to recoup some lost ground, EUR/USD maintains 1.21 status, GBP/USD retreated below 1.38WTI crude futures retreated beneath USD 58.00/bbl and snapped an 8-day winning streak.
READ STORY[PODCAST] US Open Rundown 11th February 2021
European bourses trade mixed as earnings take focus in the absence of fresh catalysts post-PowellUS President Biden and Chinese President Xi spoke for the first time since Biden came into officeUS senior administration official said the US will examine new targeted restrictions on sensitive tech exp
READ STORY[PODCAST] European Open Rundown 11th February 2021
Asia-Pac lacked firm direction as risk appetite was sapped by holiday closures for many key markets in the region and following an uninspired handover from the USFed Chair Powell reiterated recent rhetoric and highlighted the labour market is a long-way from 'strong'; emphasising that we will probab
READ STORY[PODCAST] US Open Rundown 10th February 2021
European bourses are contained with a slight positive bias while US futures post gains of circa 0.3%; earnings remain in focus but US CPI and Chair Powell dominate the schedule aheadThe session has been devoid of fresh macro drivers with mass APAC closures commencing from tomorrowChinese CPI and PPI
READ STORY[PODCAST] European Open Rundown 10th February 2021
Asian equity indices mostly traded with cautious gains as participants digested a heavy slate of corporate earningsOvernight saw a lack of fresh macro drivers ahead of mass holiday closures beginning tomorrowChinese CPI and PPI missed estimates although still showed the first increase to producer pr
READ STORY[PODCAST] US Open Rundown 9th February 2021
European indices remain subdued (Euro Stoxx 50 -0.3%) differing somewhat from the APAC handover; energy was the initial outperformer given updates from Total and the broader crude complex, albeit this has experienced a recent pull-backDetails of the US COVID stimulus plan revealed an extension of un
READ STORY[PODCAST] European Open Rundown 9th February 2021
Asian equities were mostly positive after the stimulus-driven momentum on Wall St. which lifted all major US indices to fresh unprecedented levelsIn FX, the DXY extended its move below 91.00, EUR/USD ventured further above 1.2000 and GBP/USD traded at its best levels since 2018Details of the US COVI
READ STORY[PODCAST] US Open Rundown 8th February 2021
Equity futures remain in positive-territory, ES +0.3%, but off highs after a mixed/firmer APAC handover with focus on COVID-19 developments and the reflation narrativeAccording to a study (due to be published today), the AstraZeneca COVID vaccine does not appear to offer protection against mild and
READ STORYWeek In Focus 8th-12th February 2021: Highlights include US CPI, China CPI, UK GDP, Riksbank, Banxico, CBR
MON: EZ Sentix Index (Feb)TUE: EIA STEOWED: Riksbank Policy Announcement; Banxico Policy Announcement; Chinese Inflation (Jan); US CPI (Jan); Norwegian CPI (Jan); US CPI (Jan)THU: CBR Policy Announcement; US University of Sentiment Prelim (Feb); OPEC Oil Market Report; Japanese National Day Holiday,
READ STORYWEEK AHEAD PREVIEW: Highlights include FOMC, ECB, RBA minutes; US, UK, Aussie retail sales; Flash PMIs, Germany ZEW; EZ GDP, labour data; UK inflation
SUN: Japanese GDPMON: Eurogroup meeting; US Holiday Washington's BirthdayTUE: RBA Minutes (Feb); German ZEW Sentiment (Feb); EZ GDP Flash Estimate (Q4) and Employment Flash (Q4); Japanese Trade Balance (Jan)WED: FOMC Minutes (Jan); UK Inflation (Jan); US Retail Sales (Jan) and Industrial Production
READ STORY[PODCAST] European Open Rundown 8th February 2021
Asian equity markets were mostly higher and US equity futures resumed last Friday’s advances on Wall StAccording to a study (due to be published today), the AstraZeneca COVID vaccine does not appear to offer protection against mild and moderate disease caused by the South Africa variantIn FX, the DX
READ STORY[PODCAST] US Open Rundown 5th February 2021
European bourses have largely consolidated since the cash open (Euro Stoxx 50 +0.4%) with US futures posting similar gains aside from the outperforming Russell 2000 +0.4%US Senate has now formally passed the budget measures to adopt the fast-track Biden stimulus plan; VP Harris cast the tie-break vo
READ STORY[PODCAST] European Open Rundown 5th February 2021
Asia-Pac stocks traded higher as regional bourses took their cues from the fresh all-time highs on Wall StRBI kept rates unchanged as expected and retained an accommodative stance, which it will keep for as long as necessaryIn FX, the DXY has maintained yesterday's gains around 91.50, EUR/USD remain
READ STORY[PODCAST] US Open Rundown 4th February 2021
European equities trade mostly firmer (Eurostoxx 50 +0.3%) in what has been a busy morning of corporate updates across the regionIn FX, the DXY is once again firmer vs. peers as EUR/USD loses 1.20 status for the first time this year. GBP eyes BoEFixed income remains rangebound with Gilts focused on
READ STORY[PODCAST] European Open Rundown 4th February 2021
Asian equity markets were mostly lower following a flat lead from the US where focus centred on earnings and stimulus plans5SM's Di Maio said Italy needs an alternative to a Draghi government, while the Brothers of Italy party Chief favours abstainingIn FX, the DXY extended on gains above 91.00, EUR
READ STORY[PODCAST] US Open Rundown 3rd February 2021
European indices began the session on the front-foot, before consolidating off highs, Euro Stoxx 50 +0.7%, ES +0.4%; while the FTSE MIB & BTPs outperform on Draghi's potential Italian mandateTech giants Google and Amazon saw earnings beat on top and bottom lines; with Google outperforming in the
READ STORY[PODCAST] European Open Rundown 3rd February 2021
Asian equity markets traded mostly higher as the region took impetus from global peers including the advances on Wall StTech giants Google and Amazon saw earnings beat on top and bottom linesOxford/AstraZeneca vaccine shows sustained protection of 76% during 3m interval until 2nd doseTalks over form
READ STORY[PODCAST] US Open Rundown 2nd February 2021
European indices are firmer following the positive APAC handover; sectors are broadly in the green though oil & gas is among the laggards as BP's update offsets much of the positivity from crude benchmarks themselvesChina top diplomat Yang said they are prepared to work with the US; separately,
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