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US Market Open: BTPs & EUR dented on Draghi with ECB ahead; Nord Stream 1 resumes
European bourses gave up initial upside as Draghi resigns; however, current performance is more mixed with Nord Stream 1 flowing and earnings factoringStateside, futures are directionally in-fitting but with magnitudes more contained thus far awaiting earnings developments.DXY has benefitted from JP
READ STORYEuro Market Open: Cautious trade with ECB ahead, Draghi intends to resign & Nord Stream 1 to resume
APAC stocks traded cautiously following the mixed performance of global counterparts and amid risk events.European equity futures are indicative of a softer open with Eurostoxx 50 -0.2% after the cash market closed with losses of 0.1% yesterday.Italian PM Draghi is set to announce his intention to r
READ STORYUS Market Open: BTPs bolstered on Draghi's speech while equities are steady with earnings ahead
European bourses are modestly firmer at present as we move towards the week's key risk events and as participants had already reacted to the Nord Stream developments.US futures similarly contained before further earnings releases, including Tesla after-hours.The USD is pressured though the DXY has m
READ STORYEuro Market Open: Nord Stream related sentiment supported APAC trade, alongside a weaker USD
APAC stocks followed suit to the gains in the EU and the US where sentiment was underpinned by Nord Stream optimism and a weaker buck.European equity futures are indicative of a higher open with Eurostoxx 50 +0.2% after the cash market closed with gains of 2.2% yesterday. DXY was subdued on a 1
READ STORYUS Market Open: EUR bid and EGBs dented on ECB source reports; IBM -5.0% pre-mkt
European bourses are under modest pressure continuing with the downbeat APAC handover, with pressure from AAPL, ECB sources and IBM impacting.US futures are modestly firmer, with key earnings including NFLX ahead; IBM -5% in pre-marketEUR bid and EGBs dented on Reuters/BBG sources that a 25bp or 50b
READ STORYEuro Market Open: Pressure emanated from a reported AAPL hiring slowdown with FX & crude steady
APAC stocks mostly fell after reports of Apple slowing hiring and European energy woes stoked growth fears.European equity futures are indicative of a lower open with Eurostoxx 50 -0.8% after the cash market closed with gains of 1.0% yesterday.DXY heads into the European session flat, antipodeans le
READ STORYUS Market Open: Sentiment supported with US earnings due and FOMC blackout period underway
European bourses are firmer across the board in a continuation of and extension on the overnight risk tone, Euro Stoxx 50 +1.4%.US futures are similarly bid, as we await further earnings with key names including Goldman Sachs on the docket.DXY is under pressure to the benefit of peers across the boa
READ STORYEuro Market Open: Firmer open indicated ahead of BoE speak and US earnings
APAC stocks gained with risk appetite spurred after last Friday's firm gains on Wall St.European equity futures are indicative of a higher open with Eurostoxx 50 +0.6% after the cash market closed with gains of 2.4% on Friday.DXY sits sub-108, EUR/USD remains north of parity, USD/JPY bounced off sup
READ STORYWeek Ahead 18-22 July: Highlights include ECB, BoJ, UK/CA/NZ inflation data, UK leadership debates
SUN: UK Leadership Debate.MON: Japanese Marine Day Holiday, NZ CPI, UK Leadership Debate.TUE: UK Jobs Data.WED: PBoC, UK CPI, Canada CPI, NZ Trade Balance.THU: BoJ, ECB, CBRT, SARB, BoI, Japan Trade Balance, US Philly Fed.FRI: Japan CPI, UK Retail Sales, Flash PMIs, CBR, Canada Retail Sales.NOTE: Pr
READ STORYUS Market Open: Sentiment turning incrementally more constructive with Fed speak & Biden-Saudi ahead
European bourses are firmer across the board, as initial jittery performance dissipated with participants looking to US data and Fed speak.US futures are in the green, but only modestly so, and have been relatively contained awaiting further guidance from upcoming Fed officials on the 75bp/100bp dis
READ STORYEuro Market Open: Mixed performance with broad performance rangebound as 100bp bets unwound
APAC stocks traded mixed after the 100bps Fed rate hike bets unwound; Chinese Q2 GDP missed forecasts but June Retail Sales beat estimatesDXY was rangebound, EUR/USD was slightly firmer, USD/JPY took a breather from yesterday’s rally, and AUD/USD was softer after the Chinese growth data10yr USTs eke
READ STORYUS Market Open: Sentiment slips as we await US-banking updates, debt hit on 100bp odds
European bourses are pressured across the board, Euro Stoxx 50 -0.8%, but off worst levels while the FTSE MIB -1.9% languishes on domestic turmoilStateside, futures are off lows but in-fitting European benchmarks awaiting guidance from the key banking names due to report imminentlyTSMC beat on top-l
READ STORYEuro Market Open: Cautious APAC gains with DXY retaining 108.00 and USD/JPY surpassing 138.00
APAC stocks mostly traded with cautious gains, Nikkei 225 outperformed, and US equity futures were rangebound overnightDXY remained above the 108.00 level and closer to 108.50, EUR/USD weakened, and USD/JPY extended above 138.0010yr USTs declined after the post-CPI fluctuations, Bunds continued to r
READ STORYUS Market Open: Choppy and indecisive equity action pre-CPI, USD & core debt fade somewhat
European bourses are pressured and towards the mid-point of the morning's parameters as we await US inflation dataUS futures more resilient, but similarly choppy, pre-CPI; ES +0.2%DXY continues to modestly ease, but remains above 108.00; as GBP benefits from UK data while EUR/USD lifts away from par
READ STORYEuro Market Open: Incrementally positive APAC trade, RBNZ hiked 50bp; US CPI ahead
APAC stocks were mostly positive as the region shrugged off the weak lead from Wall St; US equity futures eked marginal gains overnightDXY lacked firm direction after the prior day’s choppy price action, EUR/USD was contained, and USD/JPY saw a rebound10yr USTs marginally weakened, Bunds were lower,
READ STORYUS Market Open: China's COVID updates dent sentiment, EUR/USD probes parity
European bourses are pressured in a broad China-COVID driven risk move, Euro Stoxx 50 -0.5%; alongside known concerns and a dismal ZEWStateside, futures are lower across the board; NQ choppy amid rate action and post-PEP earningsDXY continues to climb while EUR/USD probes parity and the JPY regroups
READ STORYEuro Market Open: Pressure continued into APAC trade, DXY to 108.50 and EUR/USD to near parity
APAC stocks were mostly negative after the weak performance across global counterparts; US equity futures extended on losses overnightDXY remained firm above 108.00 for around its best levels in around two decades; EUR/USD almost hit parity10yr USTs were underpinned, Bunds held on to the prior day’s
READ STORYUS Market Open: Sentiment initially dented on China COVID concerns, DXY nears Friday's best
European bourses are pressured, Euro Stoxx 50 -0.5%, but well off post-open lows amid a gradual pick-up in sentimentStateside, futures are directionally in-fitting but with magnitudes less pronounced with earnings season underway from Tuesday; ES -0.4%USD is bid and in proximity to Friday’s 107.79 b
READ STORYEuro Market Open: Equities dented amid COVID woes, supporting the DXY
APAC stocks traded mostly lower, US equity futures were pressured, and European equity futures are indicative of a lower openDXY traded higher amid the mostly risk-averse mood, USD/JPY briefly rose above 137.00 and extended to its highest level since 199810yr USTs remained subdued, Bunds languished
READ STORYWeek Ahead: Highlights include US CPI, retail sales; China CPI/GDP; US-Saudi meeting, BoC, RBNZ
SAT: Chinese Inflation (Jun).MON: US Employment Trends (Jun), Eurogroup Meeting.TUE: German ZEW Economic Sentiment (Jul), OPEC MOMR.WED: RBNZ Announcement, BoC Announcement, Chinese Trade Balance (Jun), UK GDP (May), EZ Industrial Production (May), US CPI (Jun), US Cleveland Fed CPI (Jun), IEA OMR.T
READ STORYUS Market Open: Choppy action with fresh fundamentals limited amid rampant USD upside
European bourses have been choppy throughout the session, moving between modest gains and losses despite a lack of fresh fundamental driversDXY continues to climb printing 107.79 at best, to the detriment of peers & commodities; before backing off modestlyUSTs are steady pre-NFP while Bunds have
READ STORYEuro Market Open: Wall St. strength continued into APAC trade, US futures currently lower
APAC stocks were higher across the board as the region took impetus from Wall St's fourth consecutive win streak.Former Japanese PM Abe collapsed and was taken to hospital after he was shot in the chest during a speech.European equity futures are indicative of a flat open with Eurostoxx 50 unchanged
READ STORYUS Market Open: Constructive risk sentiment though action is choppy, GBP bid as Johnson to resign
European bourses are firmer across the board, Euro Stoxx 50 +1.5%, in a continuation of the constructive APAC handover though action remains choppy.Bourses, and US futures, were bolstered amid reports that China is considering USD 220bln of stimulus with unprecedented bond sales, via BBG.DXY takes a
READ STORYEuro Market Open: Choppy Wall St. trade capped APAC upside, DXY lost 107.00; ECB mins. ahead
APAC stocks traded mostly positive but with gains capped following the choppy performance on Wall St.FOMC Minutes stated that participants recognised the possibility that an even more restrictive stance could be appropriate if elevated inflation pressures were to persist.European equity futures are
READ STORYUS Market Open: NDX-led upside reverberates into Europe, DXY forges fresh highs
European bourses are firmer across the board, Euro Stoxx 50 +1.3%, continuing to take impetus from the NDX-led rebound in US hoursStateside, futures are mixed/flat at present, but like their European peers have been choppy in overnight ranges awaiting data and Fed speakDXY continues to lift, at 106.
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