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US Market Open: Subdued sentiment ahead of US ISM Manufacturing, JPY bid & Crude slips
Equities are entirely in the red, continuing the subdued risk tone seen in APAC trade overnightDollar is slightly firmer, JPY bid given the risk tone & Ueda documents, Antipodeans lagUSTs flat ahead of key US ISM Manufacturing PMI, Bunds slightly firmerCrude is significantly lower but with speci
READ STORYEurope Market Open: Subdued risk tone in APAC trade with JPY stronger whilst metals slip
APAC stocks eventually faltered and traded in the red across the board, albeit with losses somewhat limited amid cautious trade ahead of the US return.DXY remained in a tight range, JPY outperformed and Antipodeans lagged as risk tilted lower.China Commerce Ministry, in response to Canada's tariffs
READ STORYEurope Market Open: APAC stocks mostly lower, DXY flat and EUR unreactive to ECB sources
APAC stocks traded mostly lower despite the gains seen on Wall Street on Friday, with the mood in the APAC region dampened by the continued decline in Chinese NBS Manufacturing PMI ahead of key risk events including US NFP on Friday.DXY resided in a tight range, NZD lagged after last week’s strong p
READ STORYWeek Ahead: Highlights include US NFP & ISMs; BoC rate decision, Canada jobs; Australian GDP and Swiss CPI
MON: US & Canada (Labor Day), EZ & UK Final Manufacturing PMIs (Aug), Chinese Caixin Manufacturing PMI Final (Aug)TUE: Swiss CPI (Aug), Swiss GDP (Q2), Turkish CPI (Aug), US ISM Manufacturing PMI (Aug), Final Manufacturing PMI (Aug)WED: BoC & NBP Policy Announcements; Australian GDP (Q2)
READ STORYUS Market Open: Equities gain whilst DXY & USTs hold flat ahead of US PCE; EZ-HICP cooled as expected, but Services rises
Equities are trading on the front foot; NVDA +1.6% pre-marketDXY is flat, EUR unfazed by a slight pick up in Services inflationBonds are incrementally firmer, Bunds climbed above 134.00 into the EZ-inflation metrics, but were unmoved by the releaseCrude holds a modest upward bias, XAU around flat wh
READ STORYEurope Market Open: APAC stocks firmer into US PCE, JPY incrementally outperforms
APAC stocks traded higher across the board despite a lack of fresh catalysts following a mixed lead from Wall Street, and ahead of US PCE and the US long weekend.DXY traded within a very narrow range, EUR and GBP were uneventful, while JPY held a firmer bias after the Tokyo CPI surprisingly ticked h
READ STORYUS Market Open: NVDA -1.8% pre-market, USD gains & EUR hampered by German State CPIs
European bourses edge higher with Tech leading; US futures are slightly higher, NVDA -1.5% pre-market vs -4.9% after-hoursDollar is firmer, Antipodeans outperform given the risk-tone whilst EUR is hampered post-German State CPIsBonds have been lifted after the cool German State CPIs vs mainland expe
READ STORYEurope Market Open: NVDA -6.9% after-market, European futures indicate a softer open
APAC stocks traded with modest losses across the board following the weak lead from Wall Street and in the aftermath of NVIDIA's ill-received earnings.NVIDIA settled -6.9 % after-market despite solid earnings and a USD 50bln share buyback, some suggested disappointment as metrics fell short of the h
READ STORYUS Market Open: Equities edge higher, USD gains & AUD fares better post-CPI; focus today is on NVDA earnings
European bourses are generally firmer, US futures flat/firmer but NQ leads ahead of NVDA earnings after-hoursDollar is firmer, AUD fares best post-CPI & EUR underperformsBonds are incrementally firmer awaiting impetus from Fed speak and US 5yr supplyCrude continues to slip, XAU and base metals h
READ STORYEurope Market Open: Softer trade in tight ranges ahead of NVDA, geopols remain in focus
APAC stocks traded subdued but mostly within tight ranges following a mixed lead on Wall Street ahead of NVIDIA earnings.DXY ticked higher during the back end of the APAC session, USD/JPY gradually rose, AUD/USD saw upside on hotter-than-expected Aussie CPI.The Israeli army launched a large-scale op
READ STORYUS Market Open: Equities gain, DXY flat & GBP bid whilst crude is on the backfoot
Equities are modestly firmer across the board, despite a mostly lower APAC session overnightDollar is flat, GBP outperforms with Cable back above 1.32, JPY is lowerBonds hold a bearish bias, with Bunds unreactive to the poor German GDP/GfK metricsCrude is on the back foot, XAU is slightly softer and
READ STORYEurope Market Open: Tech lagged ahead of NVDA on Wednesday, DXY rangebound & JPY softer
APAC stocks traded mostly lower in quiet newsflow following a mixed lead from Wall Street, which saw the tech sector lag ahead of NVIDIA earnings on Wednesday.DXY traded in a tight range with a mild upward bias. JPY lagged on yield differentials whilst EUR and GBP were flat and Antipodeans rebounded
READ STORYUS Market Open: Geopols in focus with macro newsflow elsewhere light into a busy week
Modest downside for European bourses while US futures pick up into a week headlined by NVDA & PCEWeekend newsflow dominated by geopols; as it stands, we are awaiting any fresh details from Hezbollah and/or Israel on their next stepsAction which has underpinned crude, haven-FX and XAU. USTs large
READ STORYEurope Market Open: Hezbollah and Israel escalation in focus, Cairo talks ended
APAC stocks kicked off the week mixed following the state-side gains on Wall Street after Fed Chair Powell's dovish pivot, whilst the weekend was packed with geopolitics.Lebanon's Hezbollah launched hundreds of rockets and drones at Israel early on Sunday. Israel's military said it struck Lebanon wi
READ STORYWeek Ahead August 26-30th: Highlights include US PCE, UoM, Global CPI's, and NVDA earnings
MON: UK Market Holiday (Bank Holiday), German Ifo (Aug)TUE: CBRT Minutes, Chinese Industrial Profit (Jul), German GfK Consumer Sentiment (Sep)WED: Australian CPI (Jul), Nvidia (NVDA) Earnings (Q2)THU: Spanish Flash CPI (Aug), German State CPIs (Aug), EZ Sentiment Survey (Aug), US GDP (2nd) and PCE (
READ STORYUS Market Open: Equities gain whilst DXY & Bonds hold flat ahead of Fed Chair Powell
European bourses are modestly firmer, whilst US futures gain to a slightly higher degreeDollar is flat, Antipodeans leads, JPY initially propped up by BoJ Governor Ueda, but has since paredBonds are in a holding pattern ahead of Fed Chair PowellCrude is firmer and near session highs, XAU gains but i
READ STORYEurope Market Open: Ultimately mixed trade pre-Powell, USD/JPY below 146.00 as Ueda speaks
APAC stocks were ultimately mixed amid cautiousness as braced for a slew of global central bank rhetoric including Fed Chair Powell's speech at the Jackson Hole Symposium.Fed's Collins (2025 voter) said the timing seems appropriate to begin easing monetary policy and policy is well-positioned, while
READ STORYUS Market Open: Equities gain modestly, Bonds hampered following EZ PMI metrics & GBP benefits on its own results
European bourses are mostly firmer across the board; US futures gain incrementallyDollar is trivially higher, GBP outperforms following stronger than expected PMI metricsBonds are lower following the generally better than expected PMI releases, particularly in France the EZ and the UK; Germany conti
READ STORYEurope Market Open: FOMC Minutes support a September cut; Jackson Hole begins
APAC stocks traded with a mild positive bias after the gains on Wall St where a downward payrolls revision and the FOMC Minutes further supported the consensus for a September Fed rate cut.FOMC Minutes from the July meeting continued to point to a September move as a vast majority of participants sa
READ STORYUS Market Open: Equities flat/firmer, Dollar gains & JPY underperforms; US Payroll Revisions & FOMC Minutes due
European bourses are mostly modestly firmer; US futures rangebound ahead of US Payroll Revisions and the FOMC MinutesDollar is incrementally firmer, JPY is the clear underperformer with USD/JPY around 146.00Bonds are flat with traders mindful of today’s key risk eventsCrude is flat, XAU is rangeboun
READ STORYEurope Market Open: Geopols in focus with a deal reportedly close to collapsing; JPY marginally lags
APAC stocks were subdued following the lacklustre performance stateside where the major indices finished with mild losses.European equity futures indicate a marginally positive open with Euro Stoxx 50 future up 0.2% after the cash market finished with losses of 0.2% on Tuesday.DXY remains on a 101 h
READ STORYUS Market Open: Equities take a breather following the prior day's strength, DXY flat & XAU makes a fresh ATH; Fed speak due
European equities are mostly, but modestly firmer (ex-FTSE 100); US futures are flatDollar is flat, NZD outperforms and USD/JPY back to 146.50Bonds are incrementally firmer, Bunds dipped slightly on German Producer Prices but then edged higher as the morning progressedCrude is lower in a continuatio
READ STORYEurope Market Open: JPY has given back some strength, Cable yet to breach 1.30, DXY still sub-102.00
APAC stocks traded mixed and only partially took impetus from the tech-led gains stateside amid a lack of major macro drivers.European equity futures indicate a slightly positive open with Euro Stoxx 50 future up 0.1% after the cash market finished with gains of 0.6% on Monday.DXY remains sub-102, J
READ STORYUS Market Open: Equities are mixed, DXY as low as 102.00, JPY bid & Crude lower; Fed's Waller due
Equities are mixed and struggling to find clear direction in catalyst thin tradeDollar is lower, JPY sees significant strength as USD/JPY holds around 146.00Bonds are firmer to varying degrees, Bunds lead as Germany reaches a deal regarding its 2025 budgetCrude is lower and resides near session lows
READ STORYEurope Market Open: Hamas rejected the latest ceasefire proposal, Fed's Daly & Goolsbee featured
APAC stocks were mixed with a somewhat cautious tone amid geopolitical uncertainty after Hamas rejected the latest ceasefire proposal.Fed’s Daly (voter) said it is time to consider adjusting rates from their current level, Goolsbee (non-voter) said inflation and the labour market are cooling fa
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