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Week Ahead highlights include: FOMC, ECB, BoE, SNB; US CPI, China activity data
MON: Norwegian CPI (Nov), Chinese M2 (Nov).TUE: EIA STEO; UK Unemployment Rate (Oct), German ZEW (Dec), US NFIB (Nov), US CPI (Nov), Japanese Tankan (Q4).WED: FOMC, BoK & BCB Policy Announcements, OPEC MOMR; UK GDP (Oct), EZ IP (Oct), US PPI (Nov).THU: BoE, ECB, SNB & Norges Bank P
READ STORYUS Market Open: European bourses gain, US futures & DXY meander around the unchanged mark ahead of US NFP
European equities gain with outperformance in the CAC 40; US Futures meander around the unchanged mark ahead of NFPDollar remains within a tight range whilst the Kiwi lags on cross-related flows, JPY off recent highsFixed income retreats modestly ahead of payrolls, Gilts continue to modestly underpe
READ STORYEurope Market Open: Firmer but limited handover pre-NFP, RBI U/C as expected
APAC stocks eventually traded mostly higher but with gains limited as sentiment remained cautious.RBI kept the Repurchase Rate unchanged at 6.50%, as expected.JPY remains the key focus in the FX space with USD/JPY sub-144.00, EUR/USD and Cable tested 1.08 and 1.26 respectively. European equity
READ STORYUS Market Open: Stocks down though NQ holds gains; DXY weaker & JPY soars post-Ueda; US IJC due
European equities are on a weaker footing following a negative handover from the APAC session; whilst US futures are mixed with NQ holding in the greenDollar subdued with the Yen dominating as it benefits from higher JGB yields post BoJ UedaBoJ Governor Ueda suggested that the “handling of monetary
READ STORYEurope Market Open: Mixed Chinese trade, JPY bid amid yield action, US IJC due
APAC stocks declined following the weak lead from Wall St, while markets digested mixed Chinese trade data.Chinese trade metrics showed the first expansion in exports since April although imports surprisingly contracted.European equity futures are indicative of a weaker open with Euro Stoxx 50 futur
READ STORYUS Market Open: Equities firmer, DXY flat & Antipodeans bid on positive risk sentiment; US ADP due
European bourses are modestly firmer with US futures posting gains of a similar magnitudeThe Dollar is uneventful meandering around the 104 level; Antipodeans outperform paring back yesterday’s losses and benefiting from positive risk sentimentFixed saw initial EGB/UST divergence but Bunds have fade
READ STORYEurope Market Open: Softer yields underpinned the APAC tone with Europe seen opening modestly firmer
APAC stocks were mostly higher with risk sentiment underpinned by softer yields.European equity futures are indicative of a modestly firmer open with Euro Stoxx 50 future +0.4% after the cash market closed up 0.9% yesterday.DXY lingers just below 104, EUR/USD languishes beneath 1.08, antipodeans ben
READ STORYUS Market Open: European equities firmer whilst US Futures are in the red; DXY flat & AUD underperforms post RBA; US JOLTS due
European equities trade on the front foot though the FTSE100 is once again hampered by losses in Basic Resources; US Futures are in the redDXY trades around the unchanged mark, with the Aussie underperforming post RBA holdFixed was initially driven higher by ECB Schnabel’s comments; though now off b
READ STORYEurope Market Open: RBA held at 4.35%, Chinese PMIs beat & Tokyo CPI cooled
APAC stocks declined following the mostly negative lead from Wall St where the major indices were choppy and ultimately weighed amid a rebound in yields ahead of key data releases.RBA kept the Cash Rate Target unchanged at 4.35%, as expected, while it reiterated its forward guidance; Chinese Caixin
READ STORYUS Market Open: Equities mixed, Crude slides, DXY firmer & CHF lags post-CPI; US Durable Goods due
European equities mixed with underperformance in the FTSE100 hampered by Basic Resources and Energy; Stateside, futures trade on the backfootDollar is firmer with clear underperformance in the Swiss Franc post-CPI; Yen trades marginally firmer attributed to narrowing yield differentialsCore fixed be
READ STORYEurope Market Open: Firmer Wall St. handover was capped going into a busy week with geopols factoring
APAC stocks traded mixed with an initial positive bias after last Friday’s gains on Wall St, although the upside was capped in the region after quiet macro newsflow from the weekend and ahead of this week’s key events.DXY was marginally positive in otherwise quiet trade, 10-year UST futures mildly p
READ STORYWeek Ahead Highlights include: US jobs report; China CPI/trade data; RBA, BoC rate decisions
MON: Riksbank Minutes (Dec); German Trade Balance (Oct), Swiss CPI (Nov), EZ Sen tix (Dec), US Factory Orders (Oct), Japanese CPI (Nov), Australian Final PMIs (Nov).TUE: RBA Policy Announcement; Chinese Caixin Services PMI (Nov), EZ/UK/US Composite/Services Final PMI (Nov), EZ Producer Prices (Oct),
READ STORYUS Market Open: European bourses bid whilst US Futures contained ahead of Fed's Powell & US ISM
European equities extend gains; FTSE100 propped up by mining names; US futures contained pre-PowellDXY is marginally weaker, with mild outperformance in the Kiwi post-hawkish commentary from HawkesbyBonds bounce and back on a firmer footing, after steep month-end retracementCrude contained post-OPEC
READ STORYEurope Market Open: Gaza conflict resumes with Asia rangebound while crude remains subdued post-OPEC
APAC stocks began the new month with price action rangebound as markets paused following the November rally amid another busy day of economic releases, while the conflict in Gaza also resumed.DXY marginally softened beneath 103.50 as it gave back some of the prior day’s gains, USD/JPY briefly dipped
READ STORYUS Market Open: Equities & DXY firmer, Crude gains though off highs post OPEC+ sources; US PCE due
Equities post modest gains with the FTSE 100 & DAX 40 outperforming given crude and SAP/SalesforceStateside futures tilt higher in-fitting with the European bias as markets await US PCE data.DXY is firmer, leading G10’s lower with clear underperformance in the EUR post cooler than expected CPI.D
READ STORYEurope Market Open: One-day extension to the truce alongside Chinese data & OPEC sources
APAC stocks were mixed and indecisively capped off this month’s notable gains as the Israel-Hamas truce hung in the balance before the announcement of a last-minute one-day extension.The overnight session saw a slew of key data releases including disappointing Chinese official PMI figures which show
READ STORYUS Market Open: Equities & DXY bid, AUD lags due to cross-related flows; US GDP & PCE Prices due
European bourses & US Futures extend gains but with clear underperformance in the FTSE100DXY is firmer edging back towards the 103.00 level; G10’s are mixed with underperformance in the AUD following mixed data and cross-related flows.RBNZ opted for a hawkish hold where it kept rates unchanged b
READ STORYEurope Market Open: Hawkish-hold from the RBNZ while Israeli negotiators offered Hamas an extension
APAC stocks were mixed after the choppy performance on Wall St where stocks wavered, Treasuries rallied, and the Dollar dipped on dovish Fed rhetoric.DXY was rangebound and traded on both sides of the 102.50 level overnight after declining yesterday on dovish comments from Fed hawk Waller; 10-year U
READ STORYUS Market Open: Equities slip, DXY flat & CAD outperforms amid firmer oil prices; ECB & Fed speak due
European bourses slip whilst US Futures teeter around the unchanged mark with slight underperformance in the CAC 40Bonds retreat but have reclaimed some of the post-UK supply marked sell-off in GiltsDXY is around flat with slight outperformance in the CAD amid crude; G10s generally containedOil cont
READ STORYEurope Market Open: Fixed bid after a strong 5yr auction with FX & equities relatively contained
APAC stocks traded mixed amid the lower yield environment and after the lacklustre performance of US counterparts.DXY traded flat and was confined to within a tight range, USD/JPY tested 148.00 to the downside, Antipodeans were marginally firmer.10-year UST futures marginally eased back from the 109
READ STORYUS Market Open: Equities subdued in catalyst-thin trade, USD weaker & Crude slumps; ECB's Lagarde due
European bourses & US futures are in the red with newsflow focused on geopols and any extension to the Israel-Hamas truce.Black Friday US online sales rose 7.5% Y/Y to USD 9.8bln, while shopper traffic to physical stores rose 2% -5% Y/Y, according to CNBC citing Adobe Analytics.USD remains heavy
READ STORYEurope Market Open: Modest APAC pressure into month-end, newsflow focused on Israel-Hamas
APAC stocks declined heading into month-end and after newsflow over the weekend was mainly dominated by geopolitical headlines with a question mark hanging over whether the Israel-Hamas truce will be extended beyond the initial four-day agreement.Israeli PM Netanyahu said Israel will resume the Gaza
READ STORYUS Market Open: European bourses & US futures are essentially unchanged, with price action & newsflow limited post-Thanksgiving
European bourses & US futures are essentially unchanged, with price action & newsflow limited post-ThanksgivingDXY tilts lower with GBP bid as UK yields rise, NZD underpinned by retail data while EUR was largely unreactive to IfoEGBs & USTs continue to slump with supply-side dynamics in
READ STORYEurope Market Open: Asian stocks traded mixed following the Thanksgiving holiday lull and amid touted start to the Israel-Hamas truce
APAC stocks traded mixed in the absence of a lead from Wall St and as markets headed into the start of the Israel-Hamas truce.DXY traded rangebound amid a lack of drivers and in holiday conditions with many in the US likely to stay away for Black Friday.10-year UST futures trickled further below 109
READ STORYEurope Market Open: Asian stocks were mostly subdued in holiday-thinned conditions
APAC stocks were subdued for most of the session before edging higher in holiday-quietened conditions owing to market closures in the US and Japan.DXY marginally softened, EUR/USD nursed the prior day’s losses, and Antipodeans were firmer with NZD/USD the outperformer.Israel’s military said they do
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