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Euro Market Open: Crude climbs on Saudi remarks, DXY above 109.00 & EUR/USD remains below parity
APAC stocks were mostly lower after the negative mood rolled over from global counterparts amid growth and energy-related concerns.European equity futures are indicative of a flat open with the Euro Stoxx 50 future unchanged after the cash market closed lower by 1.9% yesterday.DXY sits on a 109 hand
READ STORYUS Market Open: Risk-off amid unscheduled Nord Stream 1 maintenance, EUR/USD probes parity
European bourses are under pressure, Euro Stoxx 50 -1.8%, amid Nord Stream 1 maintenance.US futures are in-fitting both in terms of direction and magnitude, ES -1.3%, amid global recession and inflation fears.DXY has extended above Friday's peak as EUR/USD probes parity once as safe havens benefit s
READ STORYEuro Market Open: Contained trade amid Nord Stream maintenance and PBoC LRP cuts
APAC stocks were mostly lower after last Friday’s declines in stocks and bonds across global marketsDXY traded rangebound near a monthly high, EUR/USD remained lacklustre, and USD/JPY was kept afloatRussia is to shut the Nord Stream 1 pipeline for three days citing maintenance; China’s Sichuan exten
READ STORYWeek Ahead 22-26th August: Highlights include: Jackson Hole, US PCE; PBoC LPR, ECB minutes; Flash PMIs
MON: PBoC LPRs & Israel Policy Announcement; Swiss M3 (Jul), UK CBI Trends (Aug), US National Activity Index (Jul).TUE: NBP Policy Announcement; Australian, EZ, UK & US Flash PMIs (Aug), EZ Consumer Confidence Flash (Aug).WED: South African CPI (Jul), Canadian Business Barometer (Aug), US Du
READ STORYUS Market Open: Further hawkish price action in relatively limited newsflow, Fed's Barkin due
European bourses are under modest pressure, Euro Stoxx 50 -0.6%, in a session of limited newsflow with focus on continuing hawkish price action.Stateside, given the hawkish action, NQ -1.0% is the incremental underperformer ahead of commentary from 2024 voter Barkin.Commodities are under broad press
READ STORYEuro Market Open: Contained trade with drivers limited and a quiet schedule ahead
APAC stocks lacked firm direction despite the mild tailwinds from the US where sentiment was somewhat underpinned by mostly encouraging data.European equity futures are indicative of a marginally lower open with the Euro Stoxx 50 future -0.2% after the cash market closed higher by 0.6% yesterday.DXY
READ STORYUS Market Open: Crude climbs amid Russian rhetoric, Fixed steady after Schnabel induced pressure
European bourses began the session mixed/flat and are yet to gain any real traction in relatively limited newsflow, Euro Stoxx 50 +0.5%.Stateside, performance is similar ahead of a few corporate updates, data and Fed speak, ES +0.1%WTI and Brent were bolstered by rhetoric from the Russian Defence Mi
READ STORYEuro Market Open: FOMC minutes note a risk of overtightening, multiple Fed speakers ahead
APAC stocks mostly declined following the weak handover from global counterparts as markets ramped up hawkish central bank pricing.FOMC Minutes noted many officials saw a risk the Fed could tighten more than necessary.European equity futures are indicative of a marginally higher open with
READ STORYUS Market Open: Debt retracement continues and DXY firmer with Retail Sales & Minutes due
European bourses have dipped from initial mixed/flat performance and are modestly into negative territory, Euro Stoxx 50 -0.5%.Stateside, futures are under similar pressure awaiting fresh corporate updates (LOW & TGT thus far) and the July FOMC Minutes, ES -0.6%.USD bid but off best with Retail
READ STORYEuro Market Open: Firmer equity open indicated, NZD leads, FOMC mins & Retail Sales ahead
APAC stocks just about shrugged off the choppy lead from the US where markets were tentative amid mixed data signals and strong retailer earnings.European equity futures are indicative of a marginally higher open with the Euro Stoxx 50 future +0.5% after the cash market closed higher by 0.4% yesterd
READ STORYUS Market Open: Equities firmer though curtailed post-ZEW, crude under pressure on JCPOA
European bourses are firmer across the board after a relatively constructive APAC handover, Euro Stoxx 50 +0.4%, though off best levels post-ZEW.US futures are in contained ranges and pivoting the unchanged mark at this point in time, ES -0.2%; HD and WMT in focus.DXY has breached last week's peak t
READ STORYEuro Market Open: Crude remains pressured while broader sentiment is mostly positive
APAC stocks were mostly positive as the region followed suit to the gains on Wall Street, albeit growth concerns lingered.European equity futures are indicative of a marginally higher open with the Euro Stoxx 50 future +0.3% after the cash market closed higher by 0.3% yesterday.DXY remained ste
READ STORYUS Market Open: Crude curtailed amid Iranian nuclear developments, DXY bid and Yuan soft
Major bourses in Europe kicked off the session with modest broad-based gains before trimming gains amid a cautious tone; stateside performance more subduedCrude benchmarks under pronounced pressure amid constructive Iranian nuclear deal updates; Iran to update before end of sessionDXY has been picki
READ STORYEuro Market Open: Mixed APAC trade amid PBoC MLF & RRR cuts alongside soft data
APAC stocks were mixed, Chinese data missed expectations whilst the PBoC surprised with 10bps rate cuts to its 1yr MLF rate and 7-day Reverse Repo rateDXY failed to sustain the early gains against its major counterparts, EUR/USD remained lacklustre, USD/JPY initially retreated but then pared most of
READ STORYWeek Ahead Preview: Highlights include FOMC minutes, US Retail Sales, UK and Canadian CPI, RBNZ decision
MON: BoC Loan Officer Survey; Japanese GDP (Q2), Chinese Retail Sales & Industrial Output/Production (Jul), US NY Fed Manufacturing (Aug), NAHB Housing Market Index (Aug)TUE: RBA Minutes (Aug); UK Unemployment (Jun) & Claimant Count/HMRC (Jul), Indian WPI (Jul), German ZEW (Aug), Canadian Ho
READ STORYUS Market Open: Modest risk-on price action has ebbed amid China ADS updates
European bourses are firmer, but action has been relatively contained with newsflow slim, Euro Stoxx 50 +0.2%; however, benchmarks waned alongside US futures following China ADS updates.Currently, ES +0.4% but similarly off best levels amid Chinese stocks announcing intentions to delist their ADSs a
READ STORYEuro Market Open: Futures point to a flat open with trade contained amid limited catalysts
APAC stocks were mixed following a similar indecisive lead from Wall Street; SPX -0.07%, NDX -0.65%.European equity futures are indicative of a flat open with the Euro Stoxx 50 future Unch. after the cash market closed higher by 0.2% yesterday.DXY maintains 105 status, NZD leads G10 FX whilst JPY la
READ STORYUS Market Open: Comparatively contained performance with catalysts limited; US PPI, Daly & 30yr due
European bourses are little changed overall after a modestly firmer open failed to gain much traction with newsflow limited, Euro Stoxx 50 +0.1%.Stateside, performance is very similar though futures are faring incrementally better, ES +0.2% and the NQ +0.4% remains the relative outperformer.DXY is b
READ STORYEuro Market Open: Strong APAC performance after US CPI; Fed says still work to do on inflation
APAC stocks took impetus from their global counterparts after softer-than-expected US CPI propelled stocks on Wall St (S&P 500 +2.1%)European equity futures are indicative of a marginally higher open with the Euro Stoxx 50 future +0.4% after the cash market closed higher by 0.9% yesterdayDX
READ STORYUS Market Open: Mixed and relatively contained trade pre-US CPI; Chinese inflation below exp.
European bourses are mixed and near the unchanged mark overall, Euro Stoxx 50 +0.1%,, after a softer open following a downbeat APAC/Wall St. handover.Stateside, futures have lifted off initial lows but reman in proximity to unchanged levels pre-CPI, ES +0.2%.DXY has eased but remains in narrow range
READ STORYEuro Market Open: Chinese CPI below exp., region subdued after similar Wall St. action; US CPI ahead
APAC stocks were mostly subdued following the weak handover from the US where tech stocks were pressured; SPX -0.40%, NDX -1.15%.Chinese inflation metrics fell short of expectations with Y/Y PPI hitting a 17-month low.European equity futures are indicative of a marginally softer open with
READ STORYUS Market Open: Modest equity pressure exacerbated by MU guidance, thin docket ahead
European bourses are under modest pressure, Euro Stoxx 50 -0.5%, but remain relatively rangebound and lack conviction with catalysts thin.Stateside performance has been similar though NQ -0.4% has come under pressure amid a Q4 guidance update from Micron (MU), -5% pre-mktDXY briefly lost 106.00 with
READ STORYEuro Market Open: APAC incrementally higher with catalysts somewhat limited before Wednesday's CPI
APAC stocks eventually traded mostly higher following a tentative lead from the US (S&P 500 -0.1%).Taiwan began a live-fire artillery drill simulating defence against an attack by China, according to AFP.European equity futures are indicative of a marginally softer open with the Euro Stoxx 50 fu
READ STORYUS Market Open: European/US equity futures and fixed firmer as the DXY eases, no Tier 1 events ahead
European bourses are firmer across the board after shrugging off mixed APAC trade, Euro Stoxx 50 +0.8%.Similar directional performance in US futures, though magnitudes are more contained amid limited newsflow with little scheduled ahead, ES +0.3%.APAC trade was torn between strong Chinese trade data
READ STORYEuro Market Open: Choppy price action amid APAC data and hawkish Fed pricing
APAC stocks traded mixed with price action choppy as participants reflected on encouraging Chinese trade data and hawkish Fed repricing.European equity futures are indicative of a higher open with the Euro Stoxx 50 future +0.6% after the cash market closed with losses of 0.8% on Friday.Fed’s Bowman
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