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4 Jul 2023 · 05:30

Europe Market Open: Rangebound trade on US Independence Day, RBA kept rates on hold

APAC stocks traded mixed with the regional bourses mostly rangebound amid the holiday-thinned conditions statesideDXY traded rangebound, EUR/USD and GBP/USD lacked direction, USD/JPY was choppy, AUD slipped after the RBA.The RBA decided to keep rates on hold, but maintained a hawkish tone and kept t

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3 Jul 2023 · 10:30

US Market Open: TSLA outperforms on record Q2 deliveries while Crude lifts on Saudi & Russian action

European bourses are firmer with sectors similarly supported while US futures are incrementally higher pre-ISM and after a constructive APAC handoverTesla outperforms in the pre-market after record Q2 deliveries, TSLA +6.2%In FX the USD recovers post-Friday’s data while CHF lags post-CPI, EUR hit on

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3 Jul 2023 · 05:30

Europe Market Open: Chinese Caixin Manufacturing PMI surpassed forecasts, US ISM due

APAC stocks began the new trading month on the front foot with momentum from last Friday's rally on Wall Street; European equity futures are indicative of a marginally higher open.DXY was contained ahead of the thinned conditions stateside where markets will close early owing to tomorrow’s Independe

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30 Jun 2023 · 11:57

Newsquawk Week Ahead July 3-7th: Highlights include FOMC Minutes, US ISMs, RBA, BoJ Tankan, US & Canada jobs reports

Week Ahead July 3-7thMON: BoJ Tankan Survey (Q2), Chinese Caixin Manufacturing PMI Final (Jun), Swiss CPI (Jun), EZ/UK/US Manufacturing PMI Final (Jun), US ISM Manufacturing PMI (Jun)TUE: RBA Announcement, NBH Announcement, South Korean CPI (Jun), German Trade Balance (May),WED: FOMC Minutes, Chines

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30 Jun 2023 · 09:58

US Market Open: Equities are firmer while bonds dip and Dollar's bid ahead of US PCE

European bourses trade on the front-foot with the Stoxx 600 on track to close the week out with gains, with little action seen on the EZ Flash CPI metrics.US equity futures are around flat/tilting higher ahead of today’s key PCE data for May, before traders head out for the long Independence Day hol

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30 Jun 2023 · 05:27

Europe Market Open: Asian stocks mostly traded with cautious gains amid the higher global yield environment and slew of data at quarter-end

APAC stocks mostly traded with cautious gains as participants digested a slew of data releases at quarter-end.Chinese Manufacturing PMI matched estimates and Non-Manufacturing PMI was slightly softer-than-expected although remained in a firm expansion.European equity futures are indicative of a slig

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30 Jun 2023 · 05:27

Europe Market Open: Asian stocks mostly traded with cautious gains amid the higher global yield environment and slew of data at quarter-end

APAC stocks mostly traded with cautious gains as participants digested a slew of data releases at quarter-end.Chinese Manufacturing PMI matched estimates and Non-Manufacturing PMI was slightly softer-than-expected although remained in a firm expansion.European equity futures are indicative of a slig

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29 Jun 2023 · 09:35

US Market Open: ES holds above 4,400, Fed's Chair Powell spoke in Madrid, Riksbank hiked 25bps

European bourses trade with little in the way of firm direction following a similarly indecisive close on Wall Street yesterday.US equity futures are around flat with the ES holding above the 4400 mark.Fed Chair Powell revealed his expectations for Friday’s PCE data (Core PCE likely rose 4.7% Y/Y in

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29 Jun 2023 · 05:28

Europe Market Open: Asian stocks traded mixed heading into quarter-end and as global markets digested the slew of central bank rhetoric from the Sintra Forum

APAC stocks traded mixed amid some indecision heading closer towards month/quarter/half-year end and after the choppy performance stateside.US bank shares were marginally supported after-hours following the Fed's stress test results which all 23 of the largest banks passed.European equity futur

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28 Jun 2023 · 09:53

US Market Open: Equities firmer, Bonds bid, Antipodeans slip & NQ lags following chip restrictions

European bourses trade on the front foot as the region plays catch up to the afternoon gains on Wall Street.DXY defies gravity given negative rebalancing signals on spot month, Q1 and H1-end, as the index continued to pivot 102.50.Debt futures overcame several wobbles before establishing a more soli

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28 Jun 2023 · 05:28

Europe Market Open: Asian stocks traded mixed ahead of key Sintra speakers and with the US considering new curbs on AI chip exports to China

APAC stocks traded mixed and only partially sustained the momentum from Wall St. which was led higher by tech. Softer-than-expected monthly CPI data from Australia added to the bets for the RBA to keep rates unchanged at next week’s meeting.European equity futures are indicative of a marginally

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27 Jun 2023 · 10:30

US Market Open: European bourses choppy and EUR boosted amid hawkish vibes at ECB Sintra

European bourses have been edging lower throughout the morning despite the enthusiasm seen ahead of the cash open, with the ECB Sintra Forum underway.DXY is on a softer footing intraday with the range on either side of 102.50, whilst prelim rebalancing models tilt Dollar-negative.Debt futures have e

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27 Jun 2023 · 05:28

Europe Market Open: Asian stocks are mostly higher after risk sentiment gradually improved from Wall St's tech losses

US stocks finished predominantly lower with underperformance in the Nasdaq, whilst small caps were resilient and the Russell 2000 closed in the greenAPAC stocks were mostly positive as the risk tone improved following the predominantly negative handover from the USEuropean equity futures are indicat

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26 Jun 2023 · 10:10

US Market Open: Equities slip, JPY outperforms, havens bid following German Ifo; ECB's Lagarde ahead

European bourses trade on the backfoot following on from the soft close in the US on Friday with losses having picked up since the cash open.DXY is caged to a tight range on either side of 102.75, EUR looks heavy after bleak German Ifo data, and Yen is among the outperformers.Safe havens are bid acr

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26 Jun 2023 · 05:24

Europe Market Open: Asia-Pac stocks were mostly subdued after Friday's losses on Wall St and a weekend dominated by a brief Russian mutiny

APAC stocks traded mostly subdued after Friday's losses on Wall St with weekend newsflow dominated by the brief uprising of the Wagner Group in Russia.Wagner Group chief Prigozhin accepted a proposal by Belarusian President Lukashenko to stop the movement of his troops to Moscow.European equity futu

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23 Jun 2023 · 13:37

Week Ahead June 26-30th: Highlights include US PCE, EZ Flash CPI, Canadian CPI, Riksbank and ECB TLTRO

Week Ahead June 26-30thMON: BoJ SOO, German Ifo Survey (Jun)TUE: Canadian CPI (May)WED: ECB TLTRO-III.4 Operation Matures, German GfK (Jul), Italian CPI (Jun)THU: Riksbank Announcement, Japanese Retail Sales (May), EZ Sentiment Survey (Jun), German Prelim. CPI (Jun), US GDP Final (Q1) and PCE (Q1)FR

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23 Jun 2023 · 10:25

US Market Open: Risk off returns following weak PMIs, with equities downbeat, USD & bonds bid

European bourses trade on the backfoot with sentiment in the region subdued after the Flash PMIs sounded recessionary warnings.US equity futures are also lower on the session with the ES briefly dipping under 4,400.Havens (ex-CHF) are bid on the back of the risk aversion while industrial commodities

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23 Jun 2023 · 05:24

Europe Market Open: Asian stocks faltered following the recent slew of central bank activity ahead of PMIs in Europe and US

US stocks finished mixed. Nonetheless, the S&P 500 and Nasdaq 100 snapped their recent losing streaks with outperformance in the latterAPAC stocks failed to sustain an early positive bias and faltered following the mixed performance statesideEuropean equity futures are indicative of a softer ope

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22 Jun 2023 · 10:30

US Market Open: Negative sentiment continues on Super Thursday in the run-up of the BoE

European bourses trade on the backfoot with selling pressure having picked up since the cash open; Chinese markets were closed overnight.US equity futures are also softer on the session, albeit to a lesser extent than European peers with the ES just about holding around the 4400 mark.SNB’s rate hike

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22 Jun 2023 · 05:24

Europe Market Open: Asian stocks were mostly lower following the weak handover from US peers and amid Greater China market closures

Fed Chair Powell, when asked about the two hikes pencilled into the dot plot, responded "That's a pretty good guess of what will happen".Fed's Bostic (non-voter) said that rates should stay where they are for the rest of the year.APAC stocks were mostly lower following the tech-led declines on Wall

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21 Jun 2023 · 10:30

US Market Open: Equities flat, GBP sinks on CPI, JPY falls on dovish BoJ; Fed's Powell testimony due

European bourses are indecisive with the main macro story of the session thus far coming via UK inflation metrics.GBP only knee-jerked higher on the hotter-than-expected CPI before shedding all and more of its gains on economic implications of further BoE tightening.DXY is firmer pre-Powell whilst t

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21 Jun 2023 · 08:09

PREVIEW: BoE rate decision and minutes due Thursday 22nd June 2023

To download the report, please click here If you would like to subscribe to receive the research sheets directly in your inbox, you can now do so under the Research Suite section of the portal. To subscribe simply check the box next to "Email these reports" under the desired category. BoE rate

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21 Jun 2023 · 05:30

Europe Market Open: Asian stocks were mostly lower after the weak handover from US and as participants await Powell's testimony

APAC stocks were mostly subdued following the negative handover from Wall St amid the lack of bullish macro drivers.European equity futures are indicative of a slightly higher open with the Euro Stoxx 50 +0.3% after the cash market closed down 0.4% yesterday.In FX, DXY lingers above 102.50, EUR/USD

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20 Jun 2023 · 10:30

US Market Open: Equities slip, AUD sinks on RBA Minutes & as PBoC disappoints; Fed speak due

European bourses & US futures are pressured ahead of the return of US participants and key Fed speakersDXY has drifted after a brief/small extension to 102.62, JPY rebounds though notes OpEx while AUD lags after RBA MinutesPBoC cut the LPRs as expected, though the 5yrs magnitude disappointed som

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20 Jun 2023 · 05:25

Europe Market Open: Softer trade given US absence & a smaller-than-expected PBoC 5yr LPR cut

APAC stocks were mostly lower in the absence of a lead from Wall St and as markets digested the PBoC’s cuts to its benchmark lending rates.As expected, China lowered its 1-year LPR after similar cuts to short-term funding rates but disappointed those anticipating a deeper 15bps cut for the 5-year LP

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