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Week Ahead Preview: Highlights include US and China CPI and PPI, UK GDP, monthly oil reports
MON: Swiss Unemployment (Jul), EZ Sentix (Aug), US Employment Trends (Jul).TUE: EIA STEO; Australian Consumer Sentiment (Aug), US NFIB (Jul).WED: Chinese CPI & PPI (Jul), German CPI Final (Jul), Norwegian CPI (Jul), Turkish Unemployment (Jun), US CPI (Jul), Chinese M2 (Jul).THU: OPEC MOMR, IEA O
READ STORYUS Market Open: Modest/fleeting risk-off amid China countermeasures pre-NFP
European bourses are under modest pressure in wake of China taking countermeasures against "Pelosi's invasion of Taiwan", Euro Stoxx 50 -0.4%.However, performance is fairly contained overall as we await the key US Labour Market print (newsquawk preview available) before next week's CPI.DXY is firmer
READ STORYEU Market Open: Predominantly positive equity trade, DXY capped by 106; NFP ahead
APAC stocks traded mostly positive but with gains capped amid geopolitical and growth slowdown concernsEuropean equity futures are indicative of a higher open with the Euro Stoxx 50 future +0.2% after the cash market closed up 0.6% yesterdayDXY is firmer but sub-106, EUR/USD stalled near resistance&
READ STORYUS Market Open: Generally constructive risk tone with BoE ahead and EGBs/UST consolidating
European bourses are firmer across the board, Euro Stoxx 50 +0.9%, with the general tone constructive though the FTSE 100 lags pre-BoE amid GBP strength.US futures have lifted from initial rangebound action, ES +0.3%, with specific newsflow limited pre-data/Fed speak.DXY subdued with peers generally
READ STORYEuro Market Open: Modestly firmer open indicated after Tuesday's gains, BoE ahead
APAC stocks were firmer as the positive momentum rolled over from global peers (S&P 500 +1.56%, NDX +2.73%)European equity futures are indicative of a higher open with the Euro Stoxx 50 future +0.2% after the cash market closed up 1.3% yesterday.FX markets are relatively contained with the DXY m
READ STORYUS Market Open: Initial mixed performance turned more constructive ahead of OPEC, Fed speak & ISM
European bourses are mixed but with a modest positive underlying bias emerging as the session progresses ahead of key risk events, Euro Stoxx 50 +0.4%Stateside, futures are firmer across the board, ES +0.4%, moving directionally with their European peers and eyeing US/China/Taiwan, ISM Services and
READ STORYEuro Market Open: APAC upside capped by China's response; OPEC+ & Fed speak ahead
APAC stocks were mostly kept afloat following US House Speaker Pelosi’s safe arrival in Taiwan but upside was capped by China's response.21 PLA jets entered Taiwan's ADIZ, while Chinese battery giant CATL is reportedly pausing its North American battery plant announcement.European equity future
READ STORYUS Market Open: Tentative trade as we await Pelosi's arrival in Taiwan, Fed speak features
European bourses are pressured as the general tone remains tentative ahead of Pelosi's visit to Taiwan, Euro Stoxx 50 -0.9%; note, FTSE 100 -0.1% notably outperforms following earnings from BP +3.0%.Stateside, futures are similarly downbeat and have been drifting lower amid the incremental updates t
READ STORYEuro Market Open: Tentative tone ahead of Pelosi's potential Taiwan trip; RBA hiked 50bp
APAC stocks followed suit to the weak performance across global counterparts as tensions simmered amid Pelosi's potential visit to Taiwan.European equity futures are indicative of a softer open with the Euro Stoxx 50 future -0.5% after the cash market closed flat yesterday.RBA hiked rates by 50bps a
READ STORYUS Market Open: Sentiment constructive despite mixed APAC handover with US ISM ahead
European bourses remain firmer across the board, Euro Stoxx 50 +0.4%, as the region shrugs-off Final Manufacturing PMIs and a mixed APAC handoverUS futures are under pressure in a continuation of downbeat APAC trade amid poor Chinese PMIs and with multiple key risk events looming for the week, ES -0
READ STORYEuro Market Open: Chinese PMIs partially offset Friday's Wall St. performance, APAC mixed as such
US equities finished higher on Friday in which stocks rallied to end the week which contributed to the S&P 500's best month since November of 2020APAC stocks traded somewhat mixed as momentum from last week’s earnings-inspired euphoria on Wall St was partially offset by disappointing Chinese PMI
READ STORYWeek Ahead: Highlights include US jobs data, ISM; China Caixin PMIs; BoE, RBA, BCB, OPEC
MON: CBR Monetary Policy Report; Chinese Caixin Manufacturing PMI (Jul), Australian, EZ, UK & US Final Manufacturing PMI (Jul), German Retail Sales (Jun), US ISM Manufacturing PMI (Jul).TUE: RBA Policy Announcement, Canadian Civic Day; South Korean CPI (Jul), Canadian Manufacturing PMI (Jul), US
READ STORYUS Market Open: NQ continues to outperform post AAPL & AMZN, while JPY dictates FX
European bourses are firmer across the board, Euro Stoxx 50 +0.9%, and are set to post their best monthly performance since Nov'20.NQ continues to outperform, +1.2%, amid after-market earnings from AMZN and AAPLDXY attempts to recoup from JPY-induced pressure after USD/JPY dropped to 132.50; EUR fad
READ STORYEuro Market Open: AMZN & AAPL supported in the after-market; EZ CPI and US PCE ahead
After the bell, US equity futures saw another leg higher as Amazon soared over 13.5% and Apple rose some 3% after earnings.APAC stocks traded mixed with China lagging. European equity futures indicate a firmer open.In FX, USD/JPY again experienced bouts of selling as it breached key levels, as a res
READ STORYUS Market Open: Modest but contained equity pressure as numerous earnings factor, Biden-Xi ahead
European bourses are modestly softer, Euro Stoxx 50 -0.10%, but relatively contained now after fading initial gains from the FOMC-inspired upsideUS futures are relatively stable but continue to post modest losses with the NQ -0.7% lagging amid pre-market downside in Meta post-earnings, -6.0%.USD is
READ STORYEuro Market Open: Dovish FOMC reaction to meeting-by-meeting approach; earnings & Biden/Xi ahead
The FOMC hiked by 75bps to 2.25-2.50%, as expected, taking rates back to neutral for the first time since 2019.A dovish reaction was seen across markets with Chair Powell signalling a meeting-by-meeting data-dependant approach going forward.US equity futures were subdued overnight as Meta fell 4.7%;
READ STORYUS Market Open: TTF driven higher by Nord Stream 1 reductions while NQ outperforms
European bourses are firmer across the board continuing the MSFT & GOOG driven early APAC action amidst numerous European earningsUS futures are firmer across the board though the NQ +1.4% outperforms amid those after-market developments though participants are looking to the FOMCDutch TTF Aug’2
READ STORYEuro Market Open: Alphabet advertising beat & MSFT guidance lifted performance pre-FOMC and Biden-Xi
US equity futures were lifted after the bell as Alphabet’s advertising topped forecasts, whilst Microsoft initially fell on downbeat metrics but reversed course on guidanceAPAC stocks eventually traded mixed following a mostly subdued session. Eurostoxx 50 future is up 0.3% after the cash marke
READ STORYUS Market Open: Sentiment sours amid Kremlin updates, EU Energy deal & US-earnings in focus
European bourses and US futures spent much of the morning under modest pressure, with the US in particular fairly rangebound pre-earnings & Wednesday's FOMC.However, further pressure has been seen in wake of the most recent Kremlin-related commentary, with the Nord Stream 1 turbine yet to be ins
READ STORYEuro Market Open: WMT hit on a profit warning while AMZN lifts Prime prices; APAC mostly firmer
APAC stocks eventually traded mostly higher; Hang Seng outperformed as Alibaba seeks a primary HK listing.DXY declined heading into the Chinese cash open but then trimmed losses, EUR/USD saw resistance at 1.0250.Crude futures gained overnight amid a pullback in the Dollar, spot gold was flat and bas
READ STORYUS Market Open: Sentiment supported amid USD-downside and Kremlin commentary, US 2yr ahead
European bourses are firmer across the board as the initially cautious tone amid soft-Ifo and weekend developments dissipated amid USD-downside and constructive Kremlin remarksUS futures also modestly bid into the busiest Q2 earnings week and pre-FOMCUSD is under pressure on the risk tone with EUR u
READ STORYEuro Market Open: APAC stocks mostly lower, core debt consolidated & energy/geopols in focus
APAC stocks traded mostly lower; China’s property stocks and bonds rallied on reports of a potential real estate fund.DXY initially firmed before pulling back, EUR/USD traded on either side of 1.0200, and the AUD and NZD were the marginal G10 laggards.10yr UST futures and Bund futures consolidated o
READ STORYWeek Ahead - 25-29 July - Highlights: FOMC, EZ & Australian CPI, US PCE
MON: Germany Ifo Survey (Jul), US National Activity Index (Jun)TUE: NBH Announcement, US Monthly Home Prices (May), US Richmond Fed Index (Jul)WED: FOMC Announcement, Chinese Industrial Profits (Jun), Australian CPI (Q2), US Durable Goods (Jun)THU: EZ Sentiment Survey (Jul), US GDP Advance (Q2), US
READ STORYUS Market Open: European bourses resilient to PMIs though EUR dips and fixed is firmer
European bourses are resilient despite Flash PMIs for June contracting, while US futures are subdued but rangeboundDXY climbs amid EUR pressure post-PMIs, with the USD weighing on peers in turn though JPY & CHF benefit from yield actionCore debt extends on post-ECB recovery rallies amidst this a
READ STORYEuro Market Open: APAC largely higher though Europe points slightly lower, PMIs ahead
APAC stocks were mostly higher after the gains in the US but with upside capped by lingering growth concerns.European equity futures are indicative of a slightly lower open with Eurostoxx 50 -0.2% after the cash market closed with gains of 0.3% yesterday.DXY has recouped some lost ground, antipodean
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