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Europe Market Open: US-China talks in focus with US markets closed & ECB speak due
APAC stocks were mostly negative following last Friday's losses on Wall St, while risk appetite was also contained as markets digested US-China talks.The meeting between US Secretary of State Blinken and Chinese Foreign Minister Qin was said to be candid, substantive and constructive although it lac
READ STORYNewsquawk Week Ahead June 19-23rd: BoE, SNB, PBoC, Norges; UK & Japan CPI, Flash PMIs
Week Ahead June 19-23rdMON: US Juneteenth Market HolidayTUE: PBoC LPR Announcement, RBA Minutes, NBH Announcement, German PPI (May), US Building Permits (May)WED: BoC Minutes, BCB Announcement, CNB Announcement, UK Inflation (May), New Zealand Trade Balance (May)THU: BoE Announcement, SNB Announceme
READ STORYUS Market Open: Equities firmer, JPY lags following BoJ & metals lift on stimulus; Fed speak due
European bourses are firmer across the board and largely unphased by numerous ECB speakersStateside, futures post modest gains and await the likes of Fed’s Waller and Barkin as the blackout liftsDXY has lifted off-lows with Yen assisting post-BoJ while EUR pivots OpEx and GBP continues to advanceFix
READ STORYEurope Market Open: No surprises from the BoJ, ECB and Fed speakers ahead
APAC stocks traded higher following the gains on Wall St where the major indices were lifted alongside a weaker dollar and softer yields.The BoJ refrained from any hawkish surprises and maintained its ultra-easy policy settings.European equity futures are indicative of a slightly higher open with th
READ STORYUS Market Open: Equities slip, JPY falls, AUD bid and NZD lags with metals tarnished; ECB due
European bourses & US futures trade on the backfoot post-FOMC and pre-ECBDXY propped up, AUD outperforms following a strong jobs report whilst NZD lags as it enters a recessionJPY majorly lags on the prospect of even wider BoJ-Fed divergence ahead of Friday’s meetingCore benchmarks slip and exte
READ STORYEurope Market Open: ECB Policy Announcement looms after the Fed pause
The Fed left rates unchanged as expected whilst revising the dot plots higher which are now indicative of two more 25bp hikes this year.Fed Chair Powell distanced himself from the dot plots in the press conference whereby he noted that projections are not a plan or a decision.US stocks finished
READ STORYUS Market Open: Generally constructive risk tone in pre-FOMC trade
Equity bourses are firmer with the general risk tone constructive pre-FOMCUSD continues to wane and nears 103.00 to the modest benefit of peers, Antipodeans lead G10sGBP is firmer post-GDP while EUR/USD is drawn to hefty 1.08 expiriesUSTs bid before the Fed, Bunds slip after soft issuance and Gilts
READ STORYEurope Market Open: Tentative trade ahead of the FOMC Policy Announcement
APAC stocks were somewhat mixed with the region's bourses mostly tentative despite gains on Wall Street.US stocks were firmer after the latest CPI data all but confirmed the likelihood of an unchanged Fed rate.European equity futures are indicative of a softer open with the Euro Stoxx 50 -0.1%
READ STORYPREVIEW: ECB Policy Announcement due Thursday 15th June 2023 at 13:15BST/08:15EDT
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READ STORYPREVIEW: FOMC rate decision and SEPs due Wednesday, June 14th at 19:00BST/14: 00EDT
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READ STORYUS Market Open: Equities cautious, DXY weakens and UST's rangebound ahead of US CPI
European bourses & US futures are firmer but off best levels in a continuation of Monday’s action and ahead of US CPINQ is the outperformer as the tech sector benefits from Oracle strength post-earningsUSD dips pre-inflation while GBP lifts post-jobs/wages, Yuan attempts to recover after PBoC ac
READ STORYEurope Market Open: APAC trades higher following Wall Street strength; US CPI & UK Jobs Report ahead
APAC stocks eventually traded mostly higher following the gains on Wall St where the S&P 500 and Nasdaq 100 notched fresh YTD highs.Nikkei 225 resumed its outperformance and breached the 33,000 level for the first time in over three decades.European equity futures are indicative of a higher open
READ STORYUS Market Open: European stocks and US futures bides times before risk events; DXY dips under 103.50
European bourses & US futures are firmer despite a distinct lack of fresh drivers ahead of the week’s key eventsDXY wanes with Antipodeans firmer, EUR rebounding towards 1.08 and GBP bid post-HaskelGilts underperform generally subdued core benchmarks following BoE remarks while BTPs and JGBs buc
READ STORYEurope Market Open: Markets cautious ahead of a week of central bank meetings and key data releases
APAC stocks traded mixed with the region mostly cautious at the start of a risk-packed week.US equity futures were flat overnight; European equity futures are indicative of a marginally higher open.DXY was marginally positive amid the cautious mood but with price action kept within a thin range; USD
READ STORYWeek Ahead: US CPI, FOMC, Retail Sales; ECB; PBoC, China activity data
MON: NY Fed Survey of Consumer Expectations.TUE: OPEC MOMR, German Final CPI (May), UK Jobs Data (Apr/May), German ZEW Survey (Jun), US CPI (May).WED: FOMC Announcement, IEA OMR (2024 Forecast), UK GDP (Apr), Swedish CPIF (May), EZ Industrial Production (Apr), US PPI (May), New Zealand GDP (Q1
READ STORYUS Market Open: JPY hit on dovish sources & USD bid with action elsewhere contained
European bourses & US futures are contained with newsflow limited and the docket ahead sparseUSD/JPY lifted by dovish BoJ sources with the DXY firmer and above 103.50, Yuan hit on soft CPIFixed benchmarks relatively rangebound into the weekend and looking to next week’s key eventsCrude pivots pa
READ STORYEurope Market Open: S&P 500 entered a bull market, Blinken's China trip planned for next week
APAC stocks traded mostly higher following the gains on Wall St where the S&P 500 entered a bull market and tech outperformed.European equity futures are indicative of a marginally higher open with the Euro Stoxx 50 +0.1% after the cash market closed up 0.1% yesterday.DXY is contained just below
READ STORYUS Market Open: Contained trade in limited newsflow, IJC due
European bourses & US futures are mixed flat with updates limited in quiet newsflowDXY continues to pullback below 104.00 with G10s firmer across the board and activity-FX outperformingCore benchmarks continue to pullback but are off session lows with USTs contained pre-IJC & refundingCommod
READ STORYEurope Market Open: RBI kept rates unchanged; subdued APAC trade; IJC ahead
APAC stocks were mostly subdued following the mixed handover from Wall St where tech underperformed as global yields climbed.RBI kept the key Repo Rate unchanged at 6.50%, as expected, with the decision on rates unanimous.European equity futures are indicative of a weaker open with the Euro Stoxx 50
READ STORYUS Market Open: Equities drift while DXY retreats to 104.00 and fixed recoups, BoC ahead
European bourses are softer with the complex drifting post-open amid a lack of catalysts/driversStateside, action is in-fitting as we look to next week’s Tier 1 US events with the BoC looming in the interimDXY has drifted back to 104.00 as JPY benefits from lower US yields, AUD underpinned and CAD b
READ STORYEurope Market Open: Firmer APAC trade despite softer Chinese trade, BoC due
APAC stocks mostly gained following the positive handover from Wall St where the S&P 500 posted its highest close YTDChinese trade data mostly disappointed including the wider-than-expected contraction in dollar-denominated exportsEuropean equity futures are indicative of a marginally higher ope
READ STORYUS Market Open: Stocks trade flat, DXY gains above 104.00, AUD outperforms after the RBA surprised markets, bond yields trundle lower
European equities trade with little in the way of firm direction, with US equity futures also hovering around the unchanged mark.RBA delivered a surprise 25bps rate hike and kept the door open for further policy tightening.China has reportedly asked the largest banks to cut deposit rates to boost th
READ STORYEurope Market Open: Asia traded mixed following the subdued US handover and weak data, while markets the RBA delivered a second consecutive surprise rate hike
APAC stocks traded mixed with price action mostly rangebound following on from the subdued performance stateside.Apple (AAPL) announced its new VR headset, Apple Vision Pro, which augments reality with the real world.RBA delivered a surprise 25bps rate hike and kept the door open for further policy
READ STORYUS Market Open: Flat trade across European stocks, but oil holds an underlying bid post-OPEC+
European equities trade flat following Friday’s solid session for the region, FTSE 100 narrowly outperforms; US equity futures are flatSaudi Arabia announced it is to cut an additional 1mln bpd of oil output in July; all other OPEC+ producers agreed to extend earlier cuts through to the end of 2024S
READ STORYEurope Market Open: Asian stocks took impetus from last Friday's post-NFP gains stateside, while the region also digested stronger Chinese Caixin PMIs
APAC stocks were mostly positive amid momentum from Friday's post-NFP gains on Wall Street and strong Chinese Caixin Services and Composite PMIs.Saudi Arabia announced it is to cut an additional 1mln bpd of oil output in July; all other OPEC+ producers agreed to extend earlier cuts through to t
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