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14 Jun 2024 · 05:35

Europe Market Open: BoJ to decide on bond buying reduction plans in July, ECB & Fed speak ahead

APAC stocks were mostly subdued after the mixed performance stateside where soft data took centre stage, while participants turned their attention to the BoJ policy announcement. The BoJ maintained rates as expected but defied expectations for an immediate reduction of bond purchases, instead,

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13 Jun 2024 · 10:03

US Market Open: DXY slightly higher & Bonds tick lower post-FOMC & ahead of US PPI; NQ outperforms

Downbeat session for European equities whilst US futures are mixed, with NQ outperforming, propped up by pre-market gains in Tesla, Broadcom and NvidiaDollar is firmer, EUR continues to test 1.08 to the downside and the JPY is the marginal underperformerBonds are slightly softer as participants dige

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13 Jun 2024 · 05:35

Europe Market Open: Stocks seen opening slightly softer after hawkish Fed dots

APAC stocks were somewhat mixed following the key developments stateside where the S&P 500 and Nasdaq extended to fresh record levels following the softer-than-expected US CPI but despite the hawkish Fed dot plots. Fed kept rates unchanged at 5.25-5.50%, as expected with the vote unanimous,

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12 Jun 2024 · 10:09

US Market Open: Price action tentative ahead of today's key US CPI & FOMC announcement

European bourses are modestly firmer, trimming this week’s recent losses; price action tentative ahead of today’s US CPI and FOMCDXY is flat, G10s modestly gain vs the Dollar though the JPY dips slightlyUSTs are flat and at highs, Bunds/Gilts both move higher with the latter also factoring in the in

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12 Jun 2024 · 05:35

Europe Market Open: Softer than expected Chinese CPI into US CPI & the FOMC

APAC stocks were mostly subdued after the mixed handover from US peers as markets braced for the incoming US CPI data and the FOMC announcement.Chinese inflation data saw softer-than-expected CPI and a narrower deflation in factory gate prices but with little follow-through to markets.Israel said it

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11 Jun 2024 · 10:05

US Market Open: Equities pressured, Gilts bid post-UK jobs & USD gains; ECB speak due

Equities are modestly in the red, in a continuation of the downbeat mood seen in APAC trade overnightDollar is incrementally firmer, EUR continues to slip and GBP is slightly softer following the UK’s job data which saw an unexpected uptick in the unemployment rateBonds are in the green, attempting

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11 Jun 2024 · 05:29

Europe Market Open: Negative bias in APAC after the choppy performance stateside; S&P 500 and Nasdaq notched fresh record closes

APAC stocks traded with a negative bias after the choppy performance stateside; S&P 500 and Nasdaq notched fresh record closes. Apple closed down 1.9% after its WWDC event failed to ignite enthusiasm; announced an integration of ChatGPT.European equity futures indicate a mildly po

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10 Jun 2024 · 09:55

US Market Open: European assets hit by EU election results, USD continues post-NFP gains

European bourses are entirely in the red, with sentiment hit amid political uncertainty in Europe whereby the centre-right strengthened its majority although the far-right made gains; US equity futures are marginally softer, with the RTY underperformingDollar is firmer in a continuation of post-NFP

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10 Jun 2024 · 05:33

Europe Market Open: APAC stocks began mixed in what was a holiday-thinned start to the week ahead of macro risk events

APAC stocks began mixed in what was a holiday-thinned start to the week with markets in Australia, China, Hong Kong and Taiwan all closed.EUR slides as results in the European Parliament elections prompted Macron to dissolve the French parliament and announce a snap election.European equity fut

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7 Jun 2024 · 11:34

Week Ahead 10-14th June: Highlights include US CPI, FOMC, BoJ and China inflation

Week Ahead 10-14th June:MON: Japanese GDP Revised (Q1), Norwegian CPI (May), EZ Sentix Index (Jun), US Employment Trends (May)TUE: EIA STEO, OPEC MOMR, UK Jobs Report (Apr)WED: FOMC Announcement & Press Conference, IEA OMR, Chinese Inflation (May), German Final CPI (May), UK GDP (Apr), US CPI (M

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7 Jun 2024 · 10:07

US Market Open: European equities slip, Gold slips as China maintains gold reserves, USD flat ahead of US NFP

European equities are entirely in the red and at session lows; US futures trade tentatively ahead of US NFPDollar is flat alongside G10 peers as markets await key employment dataUSTs trade within a contained range, Bunds are softer post-German data and unreactive to a slew of ECB speakers who mainly

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7 Jun 2024 · 05:44

Europe Market Open: Tentative trade across the markets ahead of today's US Employment report; ECB's Schnabel due

APAC stocks traded mixed in cautious and tentative trade and macro newsflow on the quieter side ahead of the US jobs reportEuropean equity futures are indicative of a flat open with the Euro Stoxx 50 future unchanged after cash closed +0.7% on ThursdayDXY traded flat in a narrow range, EUR & GBP

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6 Jun 2024 · 10:20

US Market Open: US equity futures are mixed & EUR slightly higher ahead of the ECB policy announcement

European bourses extend gains; US futures are mixed, RTY underperformsDollar is flat and EUR incrementally gains ahead of today’s ECB policy announcementBonds are slightly softer, giving back some of this week’s advancesCrude is now around flat after trading higher for much of the morning, XAU/base

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6 Jun 2024 · 05:30

Europe Market Open: SPX & NDX hit record highs and NVDA joins USD 3tln market cap club; ECB due

SPX and NDX closed at record highs whilst NVIDIA joined the USD 3tln market cap club and overtook Apple as the second-largest US company.APAC stocks traded mostly firmer as the region largely took its cue from the positive lead on Wall Street, while South Korean markets were closed due to the Memori

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5 Jun 2024 · 10:08

US Market Open: Equities on a firmer footing, DXY gains & USD/JPY back to 156; US ISM Services due

European bourses extend gains with Tech leading; US futures are modestly firmerDollar is incrementally higher, JPY gives back recent strength with USD/JPY now above 156.00Bonds are incrementally softer and unreactive to EZ Final PMIsCrude is modestly firmer in what has been a choppy session, XAU gai

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5 Jun 2024 · 05:28

Europe Market Open: Mixed/cautious trade ahead of US data & the BoC

APAC stocks traded mixed as the cautious mood from Wall Street reverberated into Asia-Pacific, with macro newsflow overnight on the lighter side; Tokyo underperformed.DXY was caged in a tight range as traders look ahead to the US ISM Services data for impetus following Monday's dovish Manufacturing

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4 Jun 2024 · 10:24

US Market Open: Risk sentiment pressured and benefiting havens ex-precious metals, USD/JPY below 155; US JOLTS due

Risk sentiment generally pressured to the benefit of havens ex-precious metals as the latest bearish driver stems from India’s election countEquities are entirely in the red; Energy and Basic Resources are the clear laggards, given the underperformance in the underlying commodity pricesDollar is fir

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4 Jun 2024 · 05:30

Europe Market Open: APAC stocks mixed, DXY holds just above 104.00 post-ISM & Crude continues to slip

APAC mixed following a similar Wall St. handover in the absence of fresh catalystsDXY consolidated, EUR above 1.09, GBP containedFixed income rangebound after Monday's ISM move, modest upside on a strong JGB auctionCrude continues to slip, XAU soft; geopols continue to focus on a phased truce planHi

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3 Jun 2024 · 10:14

US Market Open: Equities in the green, DXY is incrementally firmer and Crude is choppy after OPEC+; US ISM Manufacturing due

Equities are in the green; Chip names help to prop up the tech sector, whilst meme-stock GME surges 66% pre-marketDXY is incrementally firmer, G10s are mostly firmer against the Dollar except for the Yen, which gains marginallyUSTs continue Friday’s post-PCE advance ahead of US ISM ManufacturingCrud

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3 Jun 2024 · 05:35

Europe Market Open: Crude initially dented by OPEC+, S&P cut France & geopols in focus

APAC stocks opened higher and then extended on gains as the region reacted to the softer-than-expected US Core PCE data on Friday alongside the prospect of a potential Israel-Hamas deal brokered by the US.Crude prices saw initial disappointment in the aftermath of the OPEC+ meeting which outlined a

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31 May 2024 · 10:19

US Market Open: US equity futures modestly softer, Dollar contained ahead of US PCE, EGBs pressured post HICP

European bourses are mixed and US futures are entirely in the red, though with price action contained ahead of US PCEDollar is flat, EUR gains following the hotter-than-expected EZ-HICP metricsBonds are pressured and EGBs more-so after hotter EZ HICP metrics, downside which has been pared slightlyCr

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31 May 2024 · 05:35

Europe Market Open: Disappointing Chinese PMIs capped gains, former President Trump found guilty

APAC stocks traded mostly in the green and shrugged off the weak lead from the US but with gains capped by disappointing official Chinese PMIs.Former US President Trump was found guilty by a jury verdict on all 34 counts he faced at the hush money trial and will be sentenced on July 11th.European eq

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31 May 2024 · 05:35

Europe Market Open: Disappointing Chinese PMIs capped gains, former President Trump found guilty

APAC stocks traded mostly in the green and shrugged off the weak lead from the US but with gains capped by disappointing official Chinese PMIs.Former US President Trump was found guilty by a jury verdict on all 34 counts he faced at the hush money trial and will be sentenced on July 11th.European eq

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30 May 2024 · 10:15

US Market Open: US equity futures softer, DXY unwinding recent advances & JPY is bid; US Q1 GDP/PCE due

European equities are modestly firmer, US futures are mostly lower though have been edging higher in recent tradeDollar is softer, haven currencies bid with USD/JPY holding around 156.85ZAR pressured as early vote count/models point to ANC losing the majority and securing at most 45% of the voteBond

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30 May 2024 · 05:25

Europe Market Open: Yields continue to drive action after another soft US auction

APAC stocks were on the back foot amid spillover selling from Wall St owing to the further upside in yields; Nikkei 225 slumped at the open and briefly fell beneath the 38,000 level.DXY traded flat but held on to the prior day's gains above the 105.00 level after benefitting from higher yields, USD/

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