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24 Dec 2024 · 10:05

US Market Open: US futures modestly higher, USTs edge lower ahead of supply

Stoxx 600 edges a little higher, US futures trade either side of the unchanged mark.DXY is essentially flat with price action ultimately rangebound in quiet newsflow.USTs are slightly softer ahead of US supply; Bunds are closed for trade.Crude oil holds an upward bias, base metals are modestly firme

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24 Dec 2024 · 06:45

Europe Market Open: Yen modestly firmer following comments from Japan’s Kato

APAC stocks traded mostly firmer in choppy trade following a similar session on Wall Street, where stocks experienced volatility with low volumes amid the Christmas period.China convened a national fiscal work conference in Beijing, according to the Ministry of Finance, and said they will step up fi

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23 Dec 2024 · 10:55

US Market Open: European equities mostly lower while US futures gain, USD firmer ahead of data

European bourses are mostly lower, US futures higher with modest outperformance in the NQ.Dollar is firmer and holding around 108.00, GBP little changed after UK shows no growth in Q3.Bunds & Gilts pressured in thin trade, USTs flat into data.Gas heats up on updates out of Qatar and Russia; Crud

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23 Dec 2024 · 06:42

Europe Market Open: US gov’t adverts a shutdown, APAC stocks firmer across the board

APAC stocks opened firmer across the board on a holiday-thinned week, following a similar performance from Wall Street on Friday.US government has enacted a budget to avert a shutdown, but the deal does not include President-elect Donald Trump's proposal to raise the federal borrowing limit.DXY was

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20 Dec 2024 · 11:05

US Market Open: Stocks continue to slide on Quad Witching, USD edges lower ahead of PCE & Fed speak

Stocks continue to slide on Quad Witching.USD gives back some of its FOMC-induced gains, JPY gains after the region’s inflation data and overnight jawboning.USTs and Bunds are incrementally firmer but ultimately contained into PCE and Fed speak.Crude continues to falter while base metals attempt a r

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20 Dec 2024 · 06:45

Europe Market Open: US futures tick lower amid shutdown uncertainty; Trump threatens the EU with tariffs

APAC stocks eventually traded mixed following a mostly lower open as markets digested a slew of central bank decisions whilst still feeling some of the hangover from the Fed.US equity futures gradually trickled lower after reports the US House of Representatives defeated the bill to temporarily fund

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19 Dec 2024 · 11:00

US Market Open: US equity futures gain, DXY gives back some of post-FOMC strength, JPY hit post-Ueda

European stocks tumble post-FOMC, MU -15% pre-market weighing on chip peers in Europe; US futures attempting to recoup yesterday’s losses.USD gives back some of yesterday's post-FOMC gains, JPY hit after BoJ Governor Ueda’s press conference.US yield curve steepens, JGBs outperform post-Ueda, Gilts l

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19 Dec 2024 · 06:30

Europe Market Open: Fallout from the hawkish Fed reverberates, BoJ maintained rates

The Fed cut rates by 25bps, as expected, to 4.25-4.5% in an 11-1 split, with Hammack voting to leave rates unchanged; the median dot plot for 2025 and 2026 FFR forecasts were lifted above expectations.Fed Chair Powell said the decision was a "closer call", but the "right call", suggesting there was

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18 Dec 2024 · 10:50

US Market Open: USD broadly firmer vs peers ahead of the FOMC; US futures edge higher

European bourses are modestly on the front foot; US futures follow suit ahead of the FOMC decision.USD broadly firmer vs. peers ahead of FOMC, GBP lower post-inflation.USTs are contained, Bunds dip lower and reside at session lows.Crude recovers from Tuesday's pressure, metals contained.Looking ahea

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18 Dec 2024 · 06:40

Europe Market Open: APAC stocks mixed ahead of FOMC meeting; Honda and Nissan to begin merger talks

APAC stocks eventually traded mixed with sentiment somewhat cautious following the negative lead from Wall Street.US assets traded sideways overnight as the focus turns to the FOMC announcement and Chair Powell's press conference.Bitcoin saw hefty losses overnight as prices retreated to under USD 10

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17 Dec 2024 · 10:57

US Market Open: GBP benefits from hot UK wages data, DXY bid amid a tepid risk tone ahead of US Retail Sales

European bourses are mostly in the red, but sentiment has improved a touch since the cash open; US futures modestly lower.DXY back above 107.00, GBP posted early gains after hot wages data.Gilts lag as UK wage data essentially removes any chance of a Dec. BoE cut ahead of CPI; USTs a little lower ah

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17 Dec 2024 · 06:45

Europe Market Open: APAC stocks mixed, DXY a little firmer ahead of US Retail Sales

APAC stocks eventually traded mixed after the region initially showed a positive bias, taking cues from Wall Street, and in the absence of macro newsflow with looming risk events.DXY fluctuated in a narrow range whilst USD/JPY was choppy on either side of 154.00 and Antipodeans were subdued.China is

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16 Dec 2024 · 11:08

US Market Open: Tepid risk tone weighs on European indices, DXY flat ahead of US PMIs

European bourses are mostly lower; US futures are modestly in the green.DXY is flat, and GBP strengthens post-PMI while the JPY lags a touch.EGBs softer with OATs underperforming slightly post-Moody's downgrade, PMIs in focus.Crude slips amid a tepid risk tone, metals largely contained.Looking ahead

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16 Dec 2024 · 06:50

Europe Market Open: APAC stocks lower, EUR unfazed after Moody's downgrades France ahead of EZ PMIs

APAC stocks saw an uninspiring start to the week following the mixed session on Wall Street on Friday and ahead of this week's risk events including the final FOMC, BoJ, and BoE meetings of the year.Moody's cut France’s rating to "Aa3" from "Aa2", outlook stable, in an unscheduled rating revision, c

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13 Dec 2024 · 14:06

Newsquawk Week Ahead - 16-20th Dec: Highlights include FOMC, BoJ, BoE, PBoC LPR, PMI data, US PCE and Retail Sales

MON: Chinese Industrial Output, Retail Sales & House Prices (Nov), German WPI (Nov), EZ Wages (Q3),EZ, UK & US Flash PMIs (Dec), NY Fed Manufacturing (Dec)TUE: UK Unemployment Rate (Oct), German Ifo (Dec), EZ Trade Balance (Oct),German ZEW (Dec), US Retail Sales (Nov), Industrial Production

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13 Dec 2024 · 11:22

US Market Open: Risk sentiment improves with havens on the backfoot, DXY around 107.00

European bourses and US futures are generally firmer with specifics light, diverging from soft APAC trade; AVGO +15%.DXY trades around 107.00, GBP hit by soft GDP, JPY lags.Fixed benchmarks in the red post-ECB and ahead of a blockbuster week.Commodities contained, focus remains on geopols after Russ

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13 Dec 2024 · 06:50

Europe Market Open: APAC stocks traded lower as sentiment was hit following the Chinese Economic Work Conference

APAC stocks traded lower across the board following a similar session on Wall Street, whilst sentiment was also hit after the Chinese Economic Work ConferenceES and NQ traded with gains overnight as SPX and NDX constituent Broadcom (AVGO) surged 14% post-earningsDXY held an upward bias and extended

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12 Dec 2024 · 11:35

US Market Open: SNB surprise with a 50bps cut, Euro steady ahead of ECB

European bourses are mixed into the ECB, SMI outperforms post-SNB. US futures are modestly softer.SNB delivered a larger-than-expected 50bps cut and reiterated a willingness to intervene in the FX market as necessary.USD steady with peers and for the most part contained aside from CHF underperforman

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12 Dec 2024 · 06:55

Europe Market Open: APAC stocks trade higher, European futures flat ahead of the ECB

APAC stocks eventually mimicked the sentiment on Wall Street and traded mostly higher following a slow start to the session and despite a lack of macro news flow.DXY was flat whilst JPY saw mild strength and AUD was boosted by a strong Aussie jobs report after a dovish RBA.US President-elect Trump h

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11 Dec 2024 · 11:08

US Market Open: DXY bid on reports that China is considering allowing the Yuan to weaken in 2025; US CPI due

European bourses began the session entirely in the red, but sentiment has improved to display a mixed picture; NQ incrementally outperforms in the US.Dollar bid as markets digest reports of China allowing a weaker yuan, JPY choppy amid BoJ sources.China's top policymakers are considering allowing th

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11 Dec 2024 · 06:45

Europe Market Open: Mixed trade in APAC as participants bide time ahead of US CPI

APAC stocks traded mixed following a soft US handover, although Chinese markets continued to benefit from the easing in China's overall monetary policy stance.DXY and UST futures were flat within a tight range as traders look towards the US CPI release ahead of next week's FOMC meeting.Crude futures

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10 Dec 2024 · 11:03

US Market Open: European equities tilt lower, USD gains & AUD lags after RBA's dovish hold

European bourses are mostly on the backfoot; US futures trade indecisively around the unchanged mark.USD outmuscles peers, AUD lags after the RBA delivered a dovish hold.Choppy trade for European paper, US awaits 3yr supply.Crude edges slightly lower and base metals pare back recent strength.Looking

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10 Dec 2024 · 06:40

Europe Market Open: APAC stocks mostly higher after China's Politburo, RBA delivers a dovish hold

APAC stocks were mostly firmer following a negative Wall Street lead but with APAC players reacting to China easing its overall monetary policy stance.G10 FX was mostly flat, whilst the AUD was hit on a dovish hold by the RBA, Yuan saw gains.RBA maintained its cash rate at 4.35% as expected and sugg

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9 Dec 2024 · 11:01

US Market Open: China’s Politburo sparks risk-on sentiment, but gains in equities have faded

European bourses initially gained, taking impetus from positive commentary via the Chinese Politburo; upside which has since faded. US equity futures are mixed.China's Politburo says next year must seek progress while maintaining stability; China's fiscal policy to be more proactive next year. Monet

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9 Dec 2024 · 06:58

Europe Market Open: APAC mostly subdued on Middle East and South Korean uncertainty

APAC stocks were mixed for a bulk of the session before eventually trading mostly lower, with South Korean stocks underperforming amid more political angst.US President-elect Trump said he cannot guarantee Americans will not pay more as a result of tariffs, according to NBC's Meet the Press.Syrian r

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