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Europe Market Open: APAC pressured as it reacts to NFP, Powell reiterated March language
APAC stocks were mostly subdued after last Friday's red-hot jobs report; Chinese regulators pledged to stabilise the market.Fed Chair Powell repeated his expectation that the March meeting is likely too soon to have confidence to start rate cuts.European equity futures indicate a contained open with
READ STORYNewsquawk Week Ahead: Highlights include RBA, Chinese inflation, US ISM Services PMI and US annual CPI revisions
Week Ahead 5th-9th FebruaryMON: Japanese Jibun Final Composite/Services PMI (Jan), Chinese Caixin Final Services PMI (Jan), German TradeBalance (Dec), EZ/UK/US Final Composite/Services PMI (Jan), US ISM Services PMI (Jan)TUE: RBA Policy Announcement, EIA STEO, US Democratic Primary - Nevada, German
READ STORYUS Market Open: Equities firmer, with outperformance in the NQ led by META (+16%) and AMZN (+6%); US NFP due
European equities are firmer taking impetus from gains on Wall Street; US equity futures are in the green, outperformance in the NQ post-earnings from Amazon (+6%) and Meta (+16.7%).Dollar is around flat awaiting impetus from US NFP; Aussie outperforms recouping the prior day’s downside.Bonds are so
READ STORYEurope Market Open: Sentiment supported by META & AMZN; Shanghai Comp. slumped
APAC stocks mostly took impetus from the gains on Wall St where stocks were underpinned amid a softer yield environment.US equity futures were boosted after-hours following the big tech earnings (META +15%, AMZN +7%, AAPL -3%).European equity futures indicate a higher open with Euro Stoxx
READ STORYUS Market Open: European bourses mixed, Dollar bid & AUD lags, Crude bid; US IJC & Key Earnings due
European equities are mixed, whilst US equity futures are firmer to varying degreesDollar is marginally bid though off post-Powell highs; Aussie lags after weak building approvals dataBonds are mixed; USTs modestly higher whilst Bunds pare yesterday’s dovish dataCrude is in the green pre-JMMC whilst
READ STORYEurope Market Open: Powell's pushback on a March cut pressured equity sentiment; BoE ahead
The Fed kept rates unchanged and removed the reference to possible additional rate hikes but also downplayed near-term cuts.APAC stocks were mixed after the losses on Wall St owing to banking sector fears and Fed Chair Powell's pushback against a March rate cut.Chinese Caixin Manufacturing PMI data
READ STORYUS Market Open: Equities lower with clear underperformance in the NQ after tech-earnings, Bunds off best levels post-German data; US ADP due
European bourses are lower with underperformance in the SMI post-Novartis earnings; US equity futures are mixed, though with clear underperformance in the NQ after MSFT, AMD & GOOG earningsDollar continues its contained trade, AUD underperforms amid softer CPI dataBonds modestly firmer; Bunds of
READ STORYEurope Market Open: GOOG & MSFT hit after-hours; German inflation & FOMC due
APAC stocks were mostly subdued amid a deluge of earnings releases and key data releases at month-end.Alphabet (GOOG) slumped 5.8% after advertising revenue missed, while Microsoft (MSFT) fell by 0.3% after Q3 More Personal Computing was guided below forecasts. Hang Seng and Shan
READ STORYUS Market Open: European bourses firmer & Bunds lower post-EZ data; US JOLTs & Earnings from GOOG & MSFT due
European equities are generally firmer, whilst US equity futures meander around the unchanged mark ahead of key earningsDollar is around flat whilst the Pound lags with specifics lightBonds are firmer, though Bunds have been edging lower following hawkish EZ dataCrude benchmarks are marginally firme
READ STORYEurope Market Open: Momentum from Wall St. record highs offset by China weakness, key earnings due
APAC stocks traded mixed as weakness in China offset the momentum from Wall St's record highs.US Treasury expects to borrow USD 760bln in net marketable debt for the January-March period which is down USD 55bln from the October 2023 estimate.European equity futures indicate a higher open with Euro S
READ STORYUS Market Open: Equities mixed, Bonds bid on dovish ECB speak & Crude gains amid geopolitical tensions
European bourses are trading on a mixed footing and lack clear direction; US equity futures follow suit ahead of a busy week of risk eventsDollar continues to firm, EUR a touch softer and Antipodeans bid despite a flimsy risk toneBonds are bid amid dovish ECB speak as attention turns to US Treasury
READ STORYEurope Market Open: Evergrande ordered to liquidate, geopolitics intensified & ECB speak in focus
APAC stocks began the week mostly on the front foot, albeit with some of the gains capped by heightened geopolitical tensions and Chinese property sector concerns.Three US troops were killed and dozens were injured from an aerial drone attack on US forces in northeastern Jordan near the Syrian borde
READ STORYWeek Ahead 29th January - 2nd February 2024: Highlights include FOMC, NFP, ISM Mfg PMI, BoE, EZ CPI and EZ GDP
Week Ahead 29th January - 2nd February 2024SUN: New Zealand Trade BalanceMON: Japanese Unemployment (Dec)TUE: Israel Municipal Elections; Spanish Flash CPI (Jan), Swiss KOF (Jan), German Flash GDP (Q4), EZ Flash GDP (Q4), EZ Consumer Confidence Final (Dec), US Home Prices (Nov), JOLTS (Dec), Japanes
READ STORYUS Market Open: European equities firmer whilst Stateside futures are mixed, DXY slightly weaker ahead of US PCE
European bourses are firmer, with significant outperformance in the CAC40 lifted by the Luxury sector, post-LVMH earningsDollar is around flat, EUR modestly firmer with price action contained ahead of US PCEBonds are modestly firmer and in proximity to yesterday’s highsCrude benchmarks are pulling b
READ STORYEurope Market Open: Wall St. momentum dissipated in APAC trade; JPY indecisive after Tokyo CPI
APAC stocks failed to sustain the broad positive momentum from Wall St with the region mostly lower in quietened conditions and amid a lack of fresh drivers.Tokyo inflation data showed the slowest pace of core inflation in Japan's capital area since March 2022.FX markets are contained with the DXY s
READ STORYUS Market Open: Equities marginally weaker, Tesla -7.9% post-earnings, Crude bid; ECB and Tier 1 US data due
European bourses are generally weaker, with the exception of the AEX which benefits from ASML; US equity futures are mixed, with the RTY outperformingTesla (-7.9%) is significantly lower in the pre-market after its results missed, noting that 2024 vehicle growth will be lower than the prior year.Dol
READ STORYEurope Market Open: Firmer handover but with gains capped by yield upside & earnings; TSLA -6%
APAC stocks were mostly positive but with gains capped as markets digested a slew of earnings releases and the recent upside in global yields.European equity futures are indicative of a softer open with Euro Stoxx 50 future -0.1% after the cash market closed up 2.2% on Wednesday.DXY is back on a 103
READ STORYUS Market Open: Equities soar post-PBoC RRR cuts, NFLX +9.7% pre-market, Dollar weaker & GBP bid post-PMI; US PMI due
European equities are on a very strong footing following Chinese RRR cuts, with Tech also doing much of the hefty lifting; US equity futures are firmer, with NQ outperformingNFLX +9.7% pre-market; SAP & ASML firmer, post-earningsDollar is weaker, EUR and GBP firmer post PMI data and Yen con
READ STORYEurope Market Open: NFLX +8.7% after-hours; European equity futures point to a higher open
APAC stocks traded mixed following a similar lead from the US with participants digesting earnings, recent hawkish BoJ comments and Chinese support pledges.Netflix Inc (NFLX) Q4 2023 (USD): EPS 2.11 (exp. 2.22), Revenue 8.83bln (exp. 8.71bln), Streaming paid net change +13.12mln (exp. +8.91mln); Co.
READ STORYUS Market Open: Equities are weaker though RTY outperforms, Dollar softer & Yen bid post BoJ Ueda press conference
European equities are weaker despite starting the session on a firmer footing; US equity futures oscillate the unchanged mark, though the RTY outperformsDollar is softer largely as a function of a firmer JPY after BoJ Ueda’s hawkish-leaning press conferenceBonds are softer, in tandem with JGB price
READ STORYEurope Market Open: BoJ maintained policy settings & guidance; reports of a Chinese equity package
APAC stocks mostly gained after the fresh record levels on Wall St, while the region also digested the BoJ and reports of a potential Chinese equity market rescue package.China is said to consider an equity market rescue package backed by USD 278bln, according to Bloomberg sources.BoJ kept its polic
READ STORYUS Market Open: Equities firmer & NQ outperforms, DXY flat and crude incrementally higher with overall newsflow light
European bourses are firmer but within contained ranges, in the absence of any pertinent catalysts; US equity futures are modestly firmer, NQ outperforms as Tech continues to gainDollar trades around flat, G10’s generally rangebound in light of a quiet start to a busy weekBonds lift, albeit incremen
READ STORYEurope Market Open: Chinese stock pressure clouded the Wall St. momentum, catalysts generally light
APAC stocks were mixed following a catalyst-light weekend and as weakness in Chinese stocks clouded over the early momentum from last week's record levels on Wall Street.Fed's Daly (2024 voter) said on Friday there is a lot of work left to do on inflation, adding it is premature to think rate cuts a
READ STORYWeek Ahead 22-27th January: Highlights include BoJ, ECB, BoC, PBoC, PMIs, US GDP & PCE
Week Ahead 22-26th JanuaryMON: PBoC LPR (Jan); Swiss M3 (Dec), US Leading Index (DecTUE: BoJ Policy Announcement, New Hampshire Primary; US Richmond Fed (Jan), New Zealand CPI (Q4), Australian Flash PMIs (Jan), Japanese Trade Balance (Dec)WED: BoC Policy Announcement; Japanese Flash PMIs (Jan), Sout
READ STORYUS Market Open: Equities firmer, DXY flat & GBP lower after softer UK Retail Sales; Fed's Daly due
European bourses and US futures are modestly firmer across the board; the NQ leads the gains as Tech continues yesterday’s strength.The Dollar is flat whilst GBP marginally underperforms following soft UK Retail Sales data, AUD is bid on firmer base metals and a positive risk tone.Treasuries and Bun
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