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6 Jan 2023 · 12:52

Week Ahead January 9th-13th: Highlights include US & Chinese CPI, Chinese Trade, UK GDP and US Earnings Season

Week Ahead January 9th-13th:MON: Swiss Unemployment (Dec), German Industrial Output (Nov), EZ Sentix (Jan), Unemployment (Nov), Chinese Exports/Imports (Dec)TUE: EIA STEO; Norwegian CPI (Dec), US NFIB (Dec), Chinese M2 & New Yuan Loans (Dec)WED: Australian CPI (Nov)THU: Australian Trade Balance

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6 Jan 2023 · 11:35

US Market Open: DXY maintains recovery momentum, JPY lower & EGBs/USTs ultimately contained pre-NFP

European bourses are little changed overall but do feature a slim positive skew, Euro Stoxx 50 +0.1%, pre-NFP; US futures similarly containedDXY maintains its recovery momentum ahead of the US agenda with the index up to a 105.52 peak at best, with JPY taking the brunt of this.EGBs experienced modes

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6 Jan 2023 · 06:50

Euro Market Open: Cautious pre-NFP trade with EZ Flash CPI also in focus

APAC stocks traded with cautious gains despite a negative lead from Wall Street, and ahead of the US labour market dataDXY traded within a tight pre-NFP range just above the 105.00 level after notching a 103.98-105.27 parameter yesterdayChina could ease "three red lines" property rules in a major sh

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5 Jan 2023 · 11:40

US Market Open: Mixed and relatively contained trade overall ahead of US data & Fed speak

European bourses are mixed but with a slight negative bias, Euro Stoxx 50 -0.2%, following a similar APAC handover ahead of US data with US futures little changed.Dollar mixed awaiting busy pm agenda on the eve of NFP and after choppy moves post-FOMC minutes with peers mixed vs USD.Currently, Bund,

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5 Jan 2023 · 06:50

Euro Market Open: Positive handover after FOMC-related volatility, AMZN confirms 18k job cuts

APAC stocks traded positively throughout most of the session but bourses later drifted off best levels; the US closed in the green after some FOMC-related volatilityFOMC December minutes highlighted how no Fed official sees a rate cut in 2023 albeit there was no discussion about the magnitude of the

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4 Jan 2023 · 11:35

US Market Open: Bonds and equities climb following dovish French CPI, key US data/minutes ahead

European bourses have extended on Tuesday's upside, Euro Stoxx 50 +1.6%, with soft inflation data out of France adding to the week's dovish impulses.Stateside, futures are supported though to a lesser extent than European peers, ES +0.4%, as the region awaits key data points and the ES remains sub-3

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4 Jan 2023 · 06:50

Euro Market Open: Firmer APAC trade despite a negative handover, US ISM PMI & Fed Minutes due

APAC stocks traded mostly firmer despite the negative handover from Wall Street; Hang Seng outperformed whilst Nikkei lagged.European equity futures held onto modest gains with the Euro Stoxx 50 future +0.3% after the cash market closed +0.7% yesterday.DXY pulled back to levels under 104.50 after, t

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3 Jan 2023 · 11:30

US Market Open: Firmer start to the new year continues, despite soft Chinese NBS PMIs

European bourses are firmer across the board, Euro Stoxx 50 +1.4%, as the region's strong start to 2023 continues despite soft Chinese NBS PMIsStateside, futures are supported with the ES back above 3900 ahead of the week's risk events from Wednesday onwards.Dollar erases and reverses losses on posi

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23 Dec 2022 · 11:10

US Market Open: Debt continues to falter and crude inches higher in limited trade

European bourses are marginally firmer, Euro Stoxx 50 +0.2%, with the Stoxx 600 on track to end the week with upside of circa. 0.6%.Stateside, futures are similarly supported, ES +0.3%, though we await US monthly PCE metrics for another factor into the Fed's deliberations.Dollar has waned with peers

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23 Dec 2022 · 06:48

Euro Market Open: Downbeat/contained pre-Christmas trade

APAC stocks traded mostly lower but drifted off worst levels following a similar performance statesideDXY fluctuated within a tight range in which it briefly topped 104.50 before drifting to a fresh session low; JPY laggedJapanese Core CPI for November rose at the fastest annual pace since 1981Tesla

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22 Dec 2022 · 11:10

US Market Open: Crude climbs in otherwise contained trade with US data ahead

European bourses & US futures are steady near the unchanged mark within relatively narrow ranges in limited newsflowCrude has clawed out incremental WTD peaks, given the softer USD and latest China-COVID reportsDXY remains in proximity to 104.00, though was pushed modestly below the figure to th

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22 Dec 2022 · 06:50

Euro Market Open: Contained and limited trade overall, Chinese property names outperform

APAC stocks traded with gains across the board following the positive lead from Wall StreetChinese property names led the gains after China unveiled further support measures for the sectorUS and European equity futures resumed trade with modest gains, but price action is somewhat contained in the pr

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21 Dec 2022 · 11:15

US Market Open: Incremental extension of initial upside with NKE & FDX assisting

European bourses have eked out a marginal extension of their initial upside, Euro Stoxx 50 +0.9%, with both newsflow and the schedule ahead sparse.ES +0.6%; post-earnings NKE +12.5% & FDX +4.8%DXY has managed to attain an incremental foothold at 104.00, with peers ex-NZD generally contained in t

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21 Dec 2022 · 06:50

Euro Market Open: Mixed trade in limited newsflow, DXY reclaimed 104.00

APAC stocks eventually traded mixed following a mostly positive lead from Wall Street and with news flow on the quieter sideDXY traded on a firmer footing and reclaimed a 104.00 handle from a 103.91 low, USD/JPY trimmed recent losses and NZD lagged among G10s10yr UST and Bund futures were subdued ov

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20 Dec 2022 · 11:35

US Market Open: JPY outperforms while core debt slumps post-BoJ's unexpected action

European bourses are under modest pressure, Euro Stoxx 50 -0.3%, as the complex lifts off post-BoJ lows in limited newsflow.JPY is the standout outperformer after the BoJ widened the 10yr yield band, sending USD/JPY to a test of 132.00 vs 137.00+ initial levels.DXY has been pushed below 104.00 to th

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20 Dec 2022 · 06:50

Euro Market Open: Sentiment struck by the BoJ with the JPY & JGB yields spiking

APAC stocks traded lower across the board with the broader risk profile hit by the BoJ's unexpected tweak to its Yield Curve ControlBoJ tweaked YCC in which it widened the 10yr yield band to +/- 0.5% (prev. +/-0.25%) and unexpectedly announced it is to increase bond purchases to JPY 9tln/m (prev. JP

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19 Dec 2022 · 11:40

US Market Open: Modestly constructive risk tone after a softer APAC handover

European bourses have commenced the week on a firmer footing, Euro Stoxx 50 +0.7%, shaking off the softer APAC handover amid two-way COVID updates.Stateside, futures are similarly supported, ES +0.4%, in tandem with the European tone ahead of a sparse US docketUSD has faded despite hawkish weekend F

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19 Dec 2022 · 06:50

Euro Market Open: APAC eventually followed Wall St. pressure, USD/JPY hampered

APAC stocks eventually traded lower across the board following the downbeat performance on Wall Street on FridayDXY was softer and briefly dipped under 104.50, USD/JPY gapped lower amid weekend source reports, and EUR underperformedJapan's government is set to revise a 10-year-old joint statement wi

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16 Dec 2022 · 11:25

US Market Open: post-ECB hawkish action continues, Bunds lower by over 150ticks

European bourses remain on a downward trajectory as the post-ECB slump continues with US futures similarly afflictedDXY has whipsawed within a 104.20-73 range, well within yesterday's bands, though an overall underlying USD bid has emergedEGBs continue to slide. With Bunds lower by over 150 ticks an

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16 Dec 2022 · 06:50

Euro Market Open: Spillover selling continued in APAC trade, Europe attempts to move higher

APAC stocks were pressured on spillover selling from global counterparts following the slew of central bank rate hikes.European equity futures are marginally higher with the Euro Stoxx 50 future up 0.2% after the cash market closed with losses of 3.5% yesterday.DXY is a touch softer but on a 104 han

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15 Dec 2022 · 11:25

US Market Open: Post-FOMC action continues, SNB & Norges Bank in-line; BoE, ECB & US data ahead

European bourses and US futures are under pressure, seemingly in a second wave of the post-FOMC price action.USD has continued to climb throughout the morning, DXY above 104.40 at best with peers dented across the boardSNB & Norges Bank were essentially in-line with expectations, hiking by 50bp

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15 Dec 2022 · 06:50

Euro Market Open: Post-Fed equity pressure continued, focus turns to a packed Central Bank docket

The Fed delivered a widely expected 50bps rate hike and provided hawkish revisions to the dot plots.US stocks ultimately finished lower with the S&P 500 back below 4K, APAC stocks were subdued overnight.European equity futures were mildly lower with the Euro Stoxx 50 future down 0.4% after the c

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14 Dec 2022 · 11:35

US Market Open: CPI-induced upside continues to wane pre-FOMC; USD/JPY & Bunds dented post-sources

European bourses are under pressure across the board, Euro Stoxx 50 -0.7%, as the CPI-induced upside wanes ahead of the FOMC & Powell thereafterUSD has continued to slip with the index down to 103.66 at worst, nearing Tuesday's 103.57 trough to the benefit of most G10 peers.JPY outperforms with

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14 Dec 2022 · 06:50

Euro Market Open: Wall St. strength continued into APAC, DXY lacklustre, FOMC ahead

APAC stocks took impetus from the gains across global peers following the softer-than-expected US CPI (SPX +0.73%, NDX +1.1%).European equity futures were steady with the Euro Stoxx 50 future up 0.1% after the cash market closed with gains of 1.7% yesterday.DXY remains lacklustre and linge

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13 Dec 2022 · 11:35

US Market Open: Generally constructive, though choppy, price action ahead of US CPI

European bourses are firmer across the board Euro Stoxx 50 +0.8%, though action has been choppy with fresh drivers limited.US futures are similarly bid, though comparably more contained ahead of CPI and 30yr supplyDXY is bid, but has been unable to convincingly breach the 105.00 mark despite a brief

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