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US Market Open: Stocks edge higher, JGBs lag on further BoJ sources, UK Retail sales weigh on GBP
European bourses grind higher, US futures modestly in the green.USD marginally firmer, JPY softer and GBP knocked lower by disappointing retail sales.JGBs lag slightly on further BoJ reports, Gilts gapped higher on Retail Sales.Mixed trade in the base metal complex but crude stays firm.Looking ahead
READ STORYEurope Market Open: APAC stocks mixed despite encouraging Chinese GDP and activity data
APAC stocks were mixed in mostly rangebound trade after the uninspiring handover from Wall St and despite encouraging Chinese GDP and activity data.Hang Seng and Shanghai Comp were choppy with only mild support seen after GDP, Industrial Production & Retail Sales beat expectations with China's e
READ STORYUS Market Open: European equities lifted by Tech/Luxury updates, JPY bid as BoJ hike bets mount, US Retail Sales due
European bourses opened on a strong footing and remain at highs, with Tech and Luxury among top performers; US futures mixed whilst NQ leads.USD mixed vs. peers, JPY leads as BoJ hike bets mount after reports noted that BoJ is said to see a good chance of a January rate hike barring a major market r
READ STORYEurope Market Open: Post-CPI stock strength continued, Gaza ceasefire reached, Central Bank updates in focus
APAC stocks traded mostly higher as the region took impetus from the rally on Wall St in the aftermath of the soft-leaning US CPI data which boosted Fed rate cut bets and saw money market pricing of cuts for this year return to around pre-NFP levels.US official said a Gaza hostage and ceasefire deal
READ STORYUS Market Open: USD softer ahead of US CPI, Gilts gap higher on cooler UK inflation
Stocks hold modest gains, FTSE 100 outperforms post-CPI; US bank earnings due.DXY lower ahead of US CPI, GBP resilient in the wake of soft inflation metrics, JPY leads.Gilts inflated by CPI, JGBs dented by Ueda & USTs await CPI.Choppy trade in crude while precious metals tilt higher and base met
READ STORYEurope Market Open: Choppy APAC trade, DXY contained while the JPY leads post-Ueda into US CPI
APAC stocks were choppy after a similar performance stateside where PPI data printed cooler-than-expected ahead of the incoming US CPI report.European equity futures indicate a mildly positive open with Euro Stoxx 50 futures up 0.1% after the cash market closed with gains of 0.5% on Tuesday.DXY is f
READ STORYUS Market Open: Crude under pressure as a Gaza ceasefire nears & stocks grind higher on “gradual” Trump tariff reports
Stocks grind higher as sentiment is lifted on reports that the Trump team is looking at gradual tariff hikes month-by-month of 2-5%.DXY is a touch higher, antipodeans lead, JPY gives back Monday's gains.Fixed Income is off best levels ahead of US PPI.Crude under increasing pressure as a Gaza ceasefi
READ STORYEurope Market Open: Japan pressured on its return, further US tariff reports, US PPI ahead
APAC stocks traded mixed following the similar performance stateside; Japanese stocks heavily pressured on return from the long weekend.US President-elect Trump's team reportedly studies month-by-month tariff hikes of 2%-5%, according to Bloomberg.European equity futures indicate a higher open with
READ STORYUS Market Open: DXY tops 110, Gilts hit another contract low & crude in focus amid Gaza ceasefire reports
Equities continue to slip in a continuation of the downside seen following the strong NFP report.DXY is stronger and briefly topped 110.00, GBP remains the underperformer.Fixed benchmarks weighed on in a continuation of the post-NFP trade, Gilts hit another incremental contract low.Crude surges on U
READ STORYEurope Market Open: DXY eyes 110 & crude futures gain following toughened sanctions on Russia's energy sector
APAC stocks were mostly negative in reaction to the hot NFP report, while risk sentiment failed to benefit from Chinese trade data.European equity futures indicate a lower cash open with Euro Stoxx 50 futures down 0.3% after the cash market finished with losses of 0.8% on Friday.DXY is on the front
READ STORYNewsquawk Week Ahead: Highlights include US CPI & Retail Sales, China Activity & Trade Data, UK CPI, GDP & Retail Sales, Aussie jobs, ECB Minutes
MON: N/ATUE: EIA STEO; CBR Policy Announcement; Indian WPI (Dec), US PPI (Dec)WED: IEA OMR, UK CPI (Dec), EZ Industrial Production (Nov), US CPI (Dec), NY Fed Manufacturing (Jan)THU: ECB Minutes (Dec), BoK Policy Announcement; Australian Employment (Dec), UK GDP (Nov), EZ Trade Balance (Nov), US Imp
READ STORYUS Market Open: USTs and futures subdued ahead of US NFP; JPY boosted by BoJ source report
European bourses trade choppy, US futures edge lower ahead of the US NFP report.USD eyes NFP, JPY boosted by BoJ source report, GBP unable to recoup lost ground.Fixed income a touch lower ahead of US jobs data, Gilts continue to underperform.Crude soars on geopolitical updates, Industrial commoditie
READ STORYEurope Market Open: APAC stocks pressured but downside capped by a PBoC briefing, US NFP ahead
APAC stocks were mostly subdued in the absence of a lead from Wall St owing to the National Day of Mourning.US President-elect Trump said Russian President Putin wants to meet and 'we' are setting it up.Fed’s Bowman (voter) said she supported the December rate cut as a final step in policy calibrati
READ STORYUS Market Open: USD maintains strength ahead of Fed speak, Gilts briefly touched 89.00 but quickly pared
European bourses are mixed whilst US is away amid the National Day of Mourning in honour of President Jimmy Carter.Pound under pressure as Cable hangs by a thread; DXY broadly firmer vs peers (ex-JPY).Gilts gap lower and hit 89.00 but have since pared into an imminent parliamentary question, hefty E
READ STORYEurope Market Open: FOMC minutes indicated they were at/near an appropriate point to slow the pace of easing
APAC stocks were mostly negative following the cautious mood in global counterparts amid the recent UK bond market turmoil and Trump tariff reports.FOMC Minutes stated that participants indicated the Fed was at or near a point at which it would be appropriate to slow the pace of easing.European equi
READ STORYUS Market Open: DXY rebounds & futures gain ahead of front-loaded US data and FOMC minutes
European bourses climb modestly into the green after opening around flat, US futures gain.DXY continues its rebound ahead of front-loaded US data, currently eyeing 109.00 to the upside.Fixed benchmarks contained into a packed US session and 30yr supply.Upside in crude, precious metals, and copper, d
READ STORYEurope Market Open: APAC traded mixed following the subdued US handover, ADP & Jobless Claims ahead
APAC stocks traded mixed following the weak handover from Wall St where tech underperformed as yields climbed after the hot ISM Services and strong JOLTS data.Hang Seng and Shanghai Comp were pressured with market participants underwhelmed by the latest NDRC press briefing in Beijing.AUD/USD choppy
READ STORYUS Market Open: US futures gain modestly, USTs contained into data & supply
European bourses are mixed, US futures gain slightly.USD remains soggy vs. peers, EUR digests CPI metrics, Antipodeans lead.USTs are contained into data, EGBs lift slightly on HICP, Gilts lag.A choppy start for crude while spot gold benefits from the broadly softer Dollar.Looking ahead, US ISM Servi
READ STORYEurope Market Open: APAC mostly higher amid tech strength, EZ HICP & US ISM Services ahead
APAC stocks were mostly higher following the tech strength stateside where Nvidia briefly reclaimed the largest market cap title and closed at a fresh record.DXY felt some slight reprieve from the prior day's selling pressure, EUR/USD held on to most of yesterday's gains, USD/JPY briefly breached th
READ STORYUS Market Open: European tech lifted after Foxconn posts record Q4 revenue, USD dips lower
European bourses are generally in the green; the NQ outperforms, with Tech lifted after Foxconn reported record Q4 revenue.USD is on the backfoot which has helped to lift G10 peers, JPY underperforms.USTs are pressured ahead of 3yr supply; Gilts underperform after a survey showed that 55% of UK busi
READ STORYEurope Market Open: APAC Stocks mostly subdued amid mixed Caixin PMI, German CPI ahead
APAC stocks traded mostly subdued following the lack of macro catalysts over the weekend and as participants digested the mixed signals from Chinese Caixin PMI data, while Japanese markets underperformed in their first trading session of 2025.Hang Seng and Shanghai Comp were choppy following the som
READ STORYWeek Ahead 6-10th January 2025: Highlights include US NFP, FOMC Minutes, ISM Services PMI, Inflation data from China, EZ and Australia
MON: EZ, UK & US Final Composite & Services PMIs (Dec), German Prelim. CPI (Dec), US Factory Orders (Nov)TUE: Swiss CPI (Dec), EZ Flash HICP (Dec), Canadian Trade Balance (Nov),US ISM Services PMI (Dec), JOLTS (Nov)WED: FOMC Minutes (Dec); German Retail Sales (Nov), Swedish CPIF (Dec), Austr
READ STORYUS Market Open: US equity futures gain, USD is a little lower ahead of US ISM Manufacturing
European bourses are generally lower whilst US futures gain modestly.USD is a little lower, holding around the 109.00 mark.Mild divergence in fixed income, USTs a little higher whilst EGBs are pressuredCommodities fail to benefit from a softer Dollar as crude gives back recent strength.Looking ahead
READ STORYEurope Market Open: APAC stocks mixed & PBoC reportedly plans policy overhaul
APAC stocks were ultimately mixed with most major indices higher although the gains were capped following the negative handover from the US.PBoC is reportedly to plan a policy overhaul as pressure mounts on the economy; likely it would cut interest rates at an appropriate time.European equity future
READ STORYUS Market Open: US equity futures gain & USD flat; sub-par China Manufacturing PMIs hit sentiment in the region
European bourses give back early morning strength; US futures gain with modest outperformance in the NQ.USD began the session on a weaker footing but is now flat.USTs firmer after China Manufacturing PMI and ahead of their own metricsCrude on a firmer footing while base metals are capped by sub-par
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