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10 Nov 2022 · 06:49

Euro Market Open: Asian stocks declined after recent crypto turmoil and China COVID woes

APAC stocks traded negatively as the region followed suit to the losses stateside which were prompted by crypto concerns and a stronger USD.European equity futures were subdued with Eurostoxx 50 futures lower by 0.6% after the cash market closed down 0.3% yesterday.DXY is softer but on a 110 handle,

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9 Nov 2022 · 11:25

US Market Open: Downside bias across stocks while crypto continues feeling the pain

Major bourses in Europe hold a downside bias after seeing some choppiness at the cash open and following a mixed APAC handover; US futures are also softerUS Midterm Elections are mostly as expected so far with GOP's leading the House while the Senate is seen as a toss-up; there was very little marke

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9 Nov 2022 · 06:44

Euro Market Open: Asia traded cautiously amid the US Midterm Elections results and China's COVID woes

US Midterm Elections are mostly as expected so far with GOP's leading the House while the Senate is seen as a toss-up.There has been very little market reaction in response to the mid-terms with the Dollar, US indices and T-notes all contained.European equity futures were subdued with Eurostoxx 50 f

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8 Nov 2022 · 11:17

US Market Open: Contained trade across assets ahead of US midterms, whilst crypto sold off overnight

Major bourses in Europe portray a mixed picture with no clear conviction seen heading into the US mid-term elections, US equity futures post mild gains but with price action containedDXY gleaned some traction across the board amidst a firmer rebound in Treasury yields, renewed weakness in the Yuan a

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8 Nov 2022 · 06:50

Euro Market Open: Asia traded mixed with China reopening rumours offset by a further rise in infections

APAC stocks were mixed as the region only partially sustained the early momentum seen following the positive handover from Wall St.European equity futures are contained with Eurostoxx 50 futures up 0.1% after the cash market closed up 0.6% yesterday.DXY is a touch firmer and on a 110 handle, EUR/USD

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7 Nov 2022 · 11:24

US Market Open: Sentiment improved with focus on China's COVID updates; Apple trimmed its iPhone output forecast

Major bourses in Europe kicked off the session with mild losses across the board, but have since moved firmly into the green amid China-COVID focusAmidst this, the DXY has faded significantly from an initial rebound to 111.28 highs; currently, holding around 110.30 to the mixed benefit of peersCore

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7 Nov 2022 · 06:50

Euro Market Open: Firmer APAC trade as reopening bets continue, headwinds from China trade & AAPL

APAC stocks mostly gained as investors continued to pile on the reopening bets despite China 'unswervingly' maintaining its COVID approach, while the region also shrugged off disappointing Chinese trade dataDXY began with early gains and rose back above 111.00 amid the initial risk aversion; G10s we

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4 Nov 2022 · 13:32

Week Ahead Preview November 7-11th: Highlights include US CPI, Midterms

MON: Eurogroup; Chinese Trade Balance (Oct), Swiss Unemployment (Oct), EZ Sentix (Nov), US Employment Trends (Oct), Australian Consumer Sentiment (Nov).TUE: US Midterms, CBR Policy Announcement, BoJ SOO (Oct), EIA STEO; EZ Retail Sales (Sep), US NFIB (Oct).WED: NBP Policy Announcement; Chinese CPI (

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4 Nov 2022 · 10:44

US Market Open: Sentiment firmer pre-NFP amid further rumours regarding China's COVID policy

European bourses are firmer across the board as the complex benefits from further rumours around an easing of China's COVID policy, Euro Stoxx 50 +1.4%Stateside, futures are firmer across the board with magnitudes a touch more contained vs Europe pre-NFPDXY has pulled back from overnight peaks, wher

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4 Nov 2022 · 06:50

Euro Market Open: China rallies on unverified reopening rumours, tentative trade elsewhere pre-NFP

APAC stocks were mixed with Chinese stocks rallying on unverified reopening rumours, although the rest of the region was containedDXY retreated beneath the 113.00 level, EUR/USD rebounded as the dollar eased overnight, USD/JPY was choppy around 148.00US audit inspectors finished on-site China work a

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3 Nov 2022 · 10:36

US Market Open: Post-Powell risk-off continues; Norges hikes 25bps, BoE up next

European bourses are subdued across the board, Euro Stoxx 50 -0.8%, as the post-Powell pressure reverberates across from APAC trade.Stateside, futures are lower across the board though only marginally so with a busy session ahead incl. BoE and ISM Services PMI; ES -0.3%, NQ -0.3%.USD continues to ri

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3 Nov 2022 · 06:50

Euro Market Open: Wall St. pressure reverberated into APAC post-Powell; BoE & ISM services ahead

US stocks ultimately suffered notable losses after markets saw a dovish reaction to the Fed statement but a hawkish one during Powell’s presserFOMC hiked rates by 75bps as expected and noted the Fed will take into account "the cumulative tightening of monetary policy, the lags with which moneta

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2 Nov 2022 · 10:36

US Market Open: European bourses are mixed; North Korea has reportedly fired at least 23 missiles in total; Russian-Ukraine grain deal resumes

European bourses are mixed as the initial positive bias faded amid downward PMI revisions and increasing geopolitical tensionsUS futures similarly contained and less reactive to the above factors pre-FOMCDXY under modest pressure to the benefit of G10 peers with antipodeans and JPY outpacing, EGBs/U

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2 Nov 2022 · 06:48

Euro Market Open: Cautious trade after a lacklustre handover with renewed COVID lockdown focus

APAC stocks were mixed with the region cautious after the lacklustre handover from the US ahead of the FOMCDXY slightly softened after the choppy performance yesterday, EUR/USD traded marginally higher, USD/JPY retreated overnightNorth Korea reportedly fired at least 10 missiles from the east and we

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1 Nov 2022 · 10:41

US Market Open: European bourses are firmer across the board with commodity stocks leading the way on the overnight China COVID rumours

European bourses are firmer across the board with commodity stocks leading the way on the overnight China COVID rumours.Stateside, futures are similarly supported though magnitudes a touch more contained ES +0.8%; NQ outperforms as global yields pullback.Unconfirmed reports that a Chinese committee

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1 Nov 2022 · 06:50

Euro Market Open: RBA stuck to 25bp, broader risk appetite improved post-Wall St.; PMIs & ISM ahead

APAC stocks traded firmer as risk appetite improved following a decline on Wall Street; ES +0.6%DXY softened amid the improved risk appetite and as yields took a breather from recent gains, G10s were firmer across the boardAUD/USD pared some of its gains after the RBA stuck to a 25bps hike and refra

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31 Oct 2022 · 10:36

US Market Open: European stocks trade mixed, USD is boosted, commodities are pressured, and UK clocks changed

European bourses began the week modestly firmer, though this proved shortlived and the complex has pivoted to being mixed overall in-fitting with the APAC handoverStateside, futures are under more pressure, ES -0.5% as yields pickup a touch, NQ -0.7% lags slightly as suchUSD is bolstered by the gene

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31 Oct 2022 · 06:50

Euro Market Open: Predominantly positive trade though PMIs and COVID capped upside

APAC stocks traded mostly positively following last Friday’s rally on Wall St although gains were capped by Chinese PMIs and COVID woes ahead of FOMC and US NFP this weekDXY was rangebound below 111.00, USD/JPY advanced at the Tokyo open and briefly reclaimed the 148.00 handle, Antipodeans were kept

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28 Oct 2022 · 13:18

Week Ahead October 31-November 4th. Highlights include US FOMC, jobs data and ISM; China PMI, Eurozone HICP

MON: Chinese Official PMI (Oct), German Retail Sales (Sep), EZ Flash CPI (Oct) and Flash GDP (Q3), US Chicago PMI (Oct).TUE: RBA Policy Announcement, RBNZ Financial Stability Report; Japanese JibunBK Manufacturing PMI Final (Oct), Chinese Caixin Manufacturing PMI Final (Oct), UK & US Manufacturi

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28 Oct 2022 · 10:25

US Market Open: Sentiment slips following a downbeat APAC session with AMZN -13% post-earnings

European bourses are pressured across the board, Euro Stoxx 50 -0.9%, deriving direction from downbeat APAC and US after-market trade.Stateside, the NQ -1.3% is the clear underperformer amid pressure from after-market earnings; AMZN -13%DXY extends recovery gains to probe 111.000 and this time thank

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28 Oct 2022 · 05:50

Euro Market Open: APAC bourses pressured with AMZN -12% (initially -20%) & ECB sources in focus

APAC stocks traded mostly lower but off worst levels following a mixed lead from the USAmazon shares initially slumped around 20% following disappointing earnings, Apple earnings were ultimately better-receivedECB rate hike was not unanimous, three officials wanted only a 50bp move, and the ECB did

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27 Oct 2022 · 10:25

US Market Open: Relatively tentative trade pre-ECB, DXY reclaims 110.00; META -20% post-earnings

European bourses are under modest pressure, Euro Stoxx 50 -0.5%, with the region digesting earnings and largely just awaiting the ECBFTSE 100 is the relative outperformer post-Shell while US futures are mixed & META is hampered after earnings, -20% pre-marketDXY tops 110.00 vs bottom near 109.50

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27 Oct 2022 · 05:45

Euro Market Open: Mixed trade with drivers limited, USD/JPY eases and Yuan pares gains; ECB ahead

APAC stocks traded mixed following a similar lead from Wall Street and amid a lack of fresh fundamental drivers overnightDXY edged high, USD/JPY tested 146 to the downside, and the Yuan pared back some recent gainsUK PM Sunak is reconsidering tax rises as an improving economic picture means the PM i

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26 Oct 2022 · 10:35

US Market Open: Mixed European trade, NQ lags stateside post-GOOGL/MSFT; UK fiscal plan delayed

European bourses are mixed and yet to make much ground either side of the unchanged mark, amid numerous European updates and the US tech headwind.Stateside, the NQ -1.7% is weighed on by GOOGL and MSFT post-earnings and ahead of further large-cap updates including META after-hours.DXY is under press

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26 Oct 2022 · 05:50

Euro Market Open: APAC trade and US futures diverge amid post-earnings pressure in MSFT & GOOGL

APAC stocks traded higher across the board following the positive lead from Wall Street; China outperformedUS equity futures were mixed overnight with the NQ underperforming after Microsoft and Alphabet both fell 6.7% after-market following earningsMajor Chinese state-owned banks sold USD in both on

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