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US Market Open: Equities slightly softer & USD bid post-PMIs ahead of US data and 2yr supply
European bourses are a touch softer overall, Euro Stoxx 50 -0.2%, and relatively unreactive to better-than-expected EZ Flash PMIs.Stateside, futures are posting similar price action with the ES -0.2% but above 4k, ahead of data points and key earnings including MSFT.The USD has benefitted from a PMI
READ STORYEuro Market Open: Wall St. tech rally continued into quiet APAC trade, earnings & PMIs ahead
APAC stocks were positive and took impetus from the tech rally on Wall Street in what was another session subject to mass market closures.European equity futures are indicative of a higher open with the Euro Stoxx 50 +0.3% after the cash market closed up 0.8% yesterday.DXY remains sub-102, JPY
READ STORYUS Market Open: US futures essentially unchanged with Fed blackout underway & earnings picking up
European bourses are modestly firmer, Euro Stoxx 50 +0.2%, amid a relatively quiet start to the week given the mass APAC closures from the Lunar New Year holiday.Stateside, futures are essentially unchanged, with the ES capped by 4k and the Fed blackout period underway going into the second busiest
READ STORYEuro Market Open: Positive APAC trade though with gains capped amid Lunar New Year closures
APAC stocks began the week with a positive bias but with gains capped amid mass closures across the region.European equity futures are indicative of a higher open with the Euro Stoxx 50 +0.4% after the cash market closed up 1.6% Friday.DXY has retreated further beneath the 102 mark, EUR/USD is at a
READ STORYNewsquawk Week Ahead: Highlights include US PCE and GDP, BoC, Flash PMIs, Aus and NZ CPI
MON: BoJ Minutes (Dec); Australian Flash PMIs (Jan).TUE: Australian NAB Business Confidence (Dec), German GfK (Feb), EZ, UK & US Flash PMIs (Jan), New Zealand CPI (Q4), UK CBI Trends (Jan).WED: BoC Policy Announcement; Australian CPI (Dec/Q4), German Ifo (Jan).THU: CBRT Minutes & Inflation R
READ STORYUS Market Open: US Equity futures mixed/flat with focus on the final Fed speakers pre-blackout
European bourses are firmer, Euro Stoxx 50 +0.5%, but are currently still set to end the week with modest lossesStateside, futures are mixed/flat, ES +0.1% holding around 20 points above the 3900 mark, with the 100- & 21- DMAs at 3900 and 3904 respectively.DXY has struggled to make any meaningfu
READ STORYEuro Market Open: Sentiment supported ahead of the Lunar New Year holiday, ECB speak ahead
APAC stocks traded higher following the weak performance by global peers (S&P 500 -0.76%)European equity futures are indicative of a higher open with the Euro Stoxx 50 +0.5% after the cash market closed down 1.9% yesterdayUS equity futures are marginally firmer (ES +0.3%), albeit the ES is still
READ STORYUS Market Open: Equities and bonds pressured following ECB's Knot pushing back on earlier reports
European bourses are pressured across the board, Euro Stoxx 50 -1.2%, as ECB officials continue to pushback on dovish reports.US futures are lower across the board, as the ES continues to move below 4k ahead of more earnings and key Fed speak, ES -0.5%.DXY was seemingly capped on approach to 102.50
READ STORYEuro Market Open: Mixed APAC lead ahead of a packed Central Bank agenda
APAC stocks were mixed with most major indices rangebound following the negative lead from Wall St (S&P 500 -1.56%).European equity futures are indicative of a weaker open with the Euro Stoxx 50 -0.6% after the cash market closed flat yesterday.DXY is contained on a 102 handle, EUR/USD and USD/J
READ STORYUS Market Open: BoJ stuck to its ultra-easy policy, busy US docket ahead
The BoJ defied some market bets and stuck with its ultra-easy policy settings and reaffirmed its dovish guidance.European bourses are contained overall, Euro Stoxx 50 +0.1%, as the dovish BoJ fails to provide impetus with US futures similarly steadyUSD/JPY jumps to 131.57 from the low 128.00 ar
READ STORYEuro Market Open: BoJ stuck to its ultra-east policy and affirmed dovish guidance, JPY lags
The BoJ defied some market bets and stuck with its ultra-easy policy settings and reaffirmed its dovish guidance.APAC stocks were positive albeit with price action mostly kept rangebound after the weak lead from Wall Street.European equity futures are indicative of a higher open with the Euro S
READ STORYUS Market Open: Fixed benchmarks lower post-data, with equities softer after a mixed APAC lead
European equities trade marginally lower following a mixed APAC lead, US futures in-fittingA choppy session thus far for the USD, to the mixed fortune of peers with the CNH softer despite Chinese dataCore fixed benchmarks are downbeat after UK and German data, with USTs in tandem directionally but w
READ STORYEuro Market Open: Mixed trade with no Wall St. handover, Chinese data topped estimates
APAC stocks traded mixed in which most bourses lacked firm direction in the absence of a lead from the US.Chinese GDP, Industrial Production and Retail Sales figures all topped estimates.European equity futures are indicative of a softer open with the Euro Stoxx 50 -0.2% after the cash market closed
READ STORYEuro Market Open: Firmer APAC trade though gains were tempered by COVID updates
APAC stocks traded mostly higher albeit with some of the gains in the region capped amid mixed COVID-related headlines.China flagged nearly 60k COVID deaths since easing restrictions in December and noted severe hospitalisations remained high but had already peaked.European equity futures are indica
READ STORYWeek Ahead January 16-20th: Highlights include US retail sales, China activity data, ECB minutes, UK data
MON: Eurogroup Meeting; Chinese GDP (Q4), House Prices, Industrial Output & Retail Sales (Dec).TUE: OPEC MOMR; German Final CPI (Dec), UK PPI (Nov), Unemployment (Nov), German ZEW (Feb), Canadian CPI (Dec), Australian Consumer Sentiment (Jan).WED: UK CPI (Dec), EZ Final HICP (Dec), US PPI (Dec),
READ STORYUS Market Open: US futures are relatively rangebound as earnings season commences pre-Fed speak
European bourses are firmer across the board, Euro Stoxx 50 +0.5%, though overall action remains contained/rangebound ahead of corporate updates/Fed speak.US futures are similarly rangy within tighter parameters with the main futures essentially unchanged at present.UNH beat on top and bottom lines,
READ STORYEuro Market Open: post-CPI sentiment continued into APAC trade, European futures essentially flat
APAC stocks were mostly firmer following the positive handover from Wall St. post-CPI.European equity futures are indicative of a relatively flat open with the Euro Stoxx 50 -0.1% after the cash market closed up 0.7% yesterday.DXY is on a 102 handle, EUR/USD holds on to most of its recent spoils, US
READ STORYUS Market Open: JPY outperforms in otherwise relatively contained pre-CPI trade
European bourses are firmer across the board, Euro Stoxx 50 +0.5%, though price action has been fairly contained in slim pre-CPI newsflow with US futures essentially unchanged.Yomiuri Yen revival keeps Greenback grounded awaiting US CPI data; reports the BoJ is to review the effects of its massive m
READ STORYEuro Market Open: JPY leads amid BoJ reports, USD remains around 103.00 pre-CPI
APAC stocks traded mixed as the major indices failed to fully sustain the early momentum from Wall St.European equity futures are indicative of a higher open with the Euro Stoxx 50 +0.4% after the cash market closed up 1.0% yesterday.DXY remains supported around the 103 mark, JPY leads the majors fo
READ STORYUS Market Open: Sentiment supported amid a pullback in yields, with just US 10yr supply due
European bourses are firmer across the board, Euro Stoxx 50 +0.8%, with an easing in yields seemingly spurring a modest extension of opening gains.US FAA has reported a system equipment outage, all flights nationwide have been grounded, according to a source familiar via NBCDXY has consolidated abov
READ STORYEuro Market Open: unwinding of hawkish positioning continues, European futures point higher
APAC stocks tracked the advances on Wall Street whereby US stocks saw a slight unwinding of hawkish positioning post-Powell.European equity futures are indicative of a higher open with the Euro Stoxx 50 +0.6% after the cash market closed down 0.3% yesterday.DXY remains on a 103 handle, AUD gained po
READ STORYUS Market Open: Tepid APAC tone continues with fresh drivers somewhat limited pre-Powell
European bourses are under pressure, Euro Stoxx 50 -0.5%, in a continuation of the tepid APAC tone amid minimal newsflow.Goldman Sachs lifts its 2023 EZ GDP forecast to 0.6% (prev. -0.1%), no longer expects a euro-area recession.US futures are similarly contained and are diverging slightly around th
READ STORYEuro Market Open: Risk appetite stalled towards the Wall St. close, Chair Powell ahead
APAC stocks traded mostly lower as the risk appetite in the region stalled following a similar handover from Wall St.European equity futures are indicative of a weaker open with the Euro Stoxx 50 -0.8% after the cash market closed up 1.3% yesterday.DXY is back on a 103 handle after a brief slip belo
READ STORYUS Market Open: Risk sentiment supported as China's reopening continues, Fed speak/NY Fed survey due
European bourses are firmer across the board, Euro Stoxx 50 +0.3%, as the constructive APAC tone from China's reopening leadsUS futures are in the green, ES +0.4%, in-fitting with the above sentiment ahead of Fed speak and a NY Fed Consumer Expectations surveyDXY continues to slip below the 104.00 m
READ STORYEuro Market Open: Price action underpinned as China's border reopens
APAC stocks gained with the MSCI Asia Pacific index on course to enter a bull market as the region took impetus from last Friday’s rally on Wall St.European equity futures are indicative of a firmer open with the Euro Stoxx 50 +0.8% after the cash market closed up 1.5% on Friday.DXY remains on a 103
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