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US Market Open: Bourses are rangebound, GBP hit and Gilts lifted on CPI; Fed's Harker due
European bourses are rangebound and relatively directionless, Euro Stoxx 50 U/C, taking impetus from a mixed APAC session which failed to sustain US upside.DXY supported, but off best, as GBP slips on marginally sub-forecast CPI while EUR fails to derive support from ECB officials repeating su
READ STORYEuro Market Open: APAC fails to sustain Wall St. momentum; Powell won't hesitate to surpass neutral
APAC stocks traded mixed as regional bourses only partially sustained the momentum from global peers; S&P 500 closed +2%.Fed Chair Powell said the Fed will not hesitate to move past neutral and will continue raising rates until they see inflation coming down.European equity futures are indi
READ STORYUS Market Open: Risk-on remains; EUR lifted and debt dented by ECB's Knot, while GBP outperforms
European bourses are firmer across the board, Euro Stoxx 50 +1.7%, taking impetus from and extending on a positive APAC handover as the region's COVID situation improvesUS futures posting similar performance, ES +1.8%, ahead of Retail Sales and multiple Fed speakers including PowellEUR lifted and Bu
READ STORYEuro Market Open: Firmer open indicated after a similar APAC session, substantial ECB/Fed speak due
APAC stocks were positive but with gains capped after the uninspiring lead from Wall St; SPX -0.34%, NDX -1.16%.EU's Borrell said difficulties remain regarding the required unanimity on the proposed oil ban.European equity futures are indicative of a higher open with Eurostoxx 50 +0.9% after th
READ STORYUS Market Open: Mixed trade amid conflicting China drivers & multiple geopolitical updates
European bourses are mixed, Euro Stoxx 50 -0.6%, following a similar APAC session with impetus from Shanghai's reopening offset by activity data and geopoliticsStateside, futures are lower across the board, ES -0.4%, with the NQ marginally lagging as yields lift; Fed's Williams due later before Powe
READ STORYEuro Market Open: Mixed performance amid disappointing Chinese data and Shanghai's gradual reopening
APAC stocks traded mixed after disappointing Chinese activity data clouded over the early momentum from Friday’s rally on Wall St.Shanghai will gradually start reopening businesses as of Monday following weeks of strict lockdown.European equity futures are indicative of a lower open with Eurostoxx 5
READ STORYWeek Ahead 16-20th May: Highlights include US retail sales, EU Foreign Ministers meeting, China data
MON: Chinese Retail Sales (Apr).TUE: EZ Flash GDP and Employment (Q1); US Retail Sales (Apr); UK Jobs Report (Mar).WED: Japanese GDP (Q1); EZ Final CPI (Apr); Canadian CPI (Apr); UK Inflation (Apr).THU: ECB Minutes; SARB Announcement; Australian Jobs Report (Apr); US Philly Fed (
READ STORYUS Market Open: Sentiment continues to rebound with JPY & USTs pressured; TWTR -20% as Musk updates
European bourses are firmer as the rebound from Thursday's selloff continues, Euro Stoxx 50 +1.3%; US futures similarly bolstered, ES +1.0%Elon Musk says the Twitter (TWTR) deal is temporarily on hold, pending details; TWTR -20% in pre-marketDXY is off YTD highs but has regained a firmer footing on
READ STORYEuro Market Open: Firm APAC handover after Wall St. closed off lows, DXY pauses after fresh YTD peak
APAC stocks were firmer as risk momentum picked up following on from the volatile session on Wall St.Fed Chair Powell said whether a soft landing can be executed or not may depend on factors that they cannot control.European equity futures are indicative of a higher open with Eurostoxx 50 +1.1% afte
READ STORYUS Market Open: Risk sentiment slips with DXY, JPY and Debt bid; Crude off lows on geopols
US futures are lower across the board though the magnitude is less extreme vs Europe, ES -0.6%, Euro Stoxx 50 -2.5%DXY has climbed to a fresh YTD peak, amid broad FX pressure ex-JPY which is supported on haven premiumAs such, core debt has continued to lift with accompanying yields retreating furthe
READ STORYEuro Market Open: DXY lifts & Antipodeans retreat, BTC loses 27k; US 30yr Note ahead
APAC stocks were pressured after the losses on Wall St where the major indices whipsawed in the aftermath of the firmer than expected US CPI data.European equity futures are indicative of a softer open with Eurostoxx 50 -2.3% after the cash market closed with gains of 2.6% yesterday.DXY traded indec
READ STORYUS Market Open: Equities firmer, DXY downbeat and yields retreat before US CPI
Stateside, futures are bolstered though with gains marginally more contained vs European-peers going into today's inflation data, ES +1.0%Greenback grounded in advance of US CPI as Treasury yields recede and curve re-flattens, DXY slips further below 104.00 and sub-103.50 vs fresh 2022 peak at 104.1
READ STORYEuro Market Open: Mixed performance going into US CPI after hot China numbers
APAC stocks traded mixed following the choppy performance on Wall Street.Ukrainian gas transit system operator chief said Russian occupying forces started taking transit gas and sending it to pro-Russian separatist regions.European equity futures are indicative of a higher open with Eurostoxx 50 +0.
READ STORYUS Market Open: Bonds bounce and curve flattens before 3yr supply, amid equity reprieve
European equities feel some reprieve following the prior session’s selloff; Euro Stoxx 50 +1.2%; US futures similarly bolstered.USD retains a firm bid with peers mixed across the board; JPY outpaces while USD/CHF nears parity.Core debt continues to bounce after an early breather, action was intensif
READ STORYEuro Market Open: S&P 500 slipped below 4k though Europe points higher, DXY retreats from YTD best
APAC stocks were mostly negative after the resumed sell-off on Wall St where the S&P 500 slipped beneath 4,000 for the first time since March 2021EU's Von Der Leyen tweeted that progress was made with Hungary but further work is needed.European equity futures are indicative of a marginally highe
READ STORYUS Market Open: Sentiment slips amid renewed yield upside/steepening ahead of Central Bank speakers
European bourses are lower across the board, Euro Stoxx 50 -1.4%, in a continuation of the APAC handover amid multiple fundamental narratives.Stateside, US futures are similarly hindered, ES -1.7%, with the NQ marginally lagging given renewed yield upside.Russian President Putin, in his Victory Day
READ STORYEuro Market Open: Equities are pressured amid ongoing yield upside & as China trade data slows
APAC stocks declined amid recent upside in yields and as participants digested a slowdown in Chinese trade dataUS equity futures remained weak; European equity futures are indicative of a softer openEU ambassadors met on Sunday and failed to agree on a Russian oil ban deal. Ambassadors will meet aga
READ STORYWeek Ahead 9-13th May: Highlights include US CPI, China CPI, UK GDP, RBNZ Inflation Survey, Banxico
MON: Chinese Trade Balance (Apr); EZ Sentix Index (May).TUE: Australian Retail Sales (Q1); German ZEW Survey (May); UK Prelim GDP (Q1); EIA STEO.WED: Chinese Inflation (Apr); UK GDP Estimate (Mar); US CPI (Apr).THU: Banxico; New Zealand Inflation Forecast (Q2); IEA OMR; OPEC MOMR.FRI: US Uni of Mich
READ STORYUS Market Open: EUR outpaces & EGBs lag amid hawkish ECB commentary pre-NFP/Fed speak
European bourses are subdued across the board, Euro Stoxx 50 -1.1%, reacting to the late-doors pressure in Wall St.Currently, US futures are modestly softer but relatively tentative overall going into the NFP release and subsequent Fed speak.EUR bid post hawkish commentary from ECB's Villeroy amid m
READ STORYEuro Market Open: Wall St. retreat and a subdued APAC handover with NFP ahead amid Fed speak
US stocks took a beating and gave back post-FOMC gains in which the DJIA slumped by more than 1000 pointsAPAC stocks were mostly lower amid spillover selling from the sharp declines on Wall StreetDXY held firm amid recent gains in yields and after the stock rout in the US spurred a fl
READ STORYUS Market Open: DXY steadies post-FOMC while USTs pullback and Gilts derive upside pre-BoE
European bourses are firmer across the board, Euro Stoxx 50 +1.3%, benefitting from the perceived less-hawkish Fed and associated Wall St./APAC performance.Stateside, futures are softer across the board though the likes of the ES remain in relative proximity to overnight best levels, ES -0.5%.DXY fi
READ STORYEuro Market Open: Equities bolstered, DXY impaired and yields ease somewhat post-Fed; BoE & OPEC+ ahead
Fed hiked rates by 50bps as expected and will begin trimming its balance sheet on June 1st.Powell said 50bps increases should be on the table at the next couple of meetings and that a 75bps increase is not something they are actively considering.APAC stocks traded positively following the strong han
READ STORYUS Market Open: Rangebound action for US futures and DXY pre-FOMC, with USTs now Unch.
European bourses, Euro Stoxx 50 -0.3%, are modestly softer after another subdued but limited APAC handover amid ongoing regional closures.US futures remain in tight pre-FOMC ranges, with participants also awaiting ISM Services and ADP.WTI and Brent are bid amid the EU's 6th round of Russian sanction
READ STORYEuro Market Open: Cautious trade pre-FOMC and US' Blinken on China
APAC stocks were cautious amid holiday closures and as markets braced for the incoming FOMC announcement.European equity futures are indicative of a marginally positive open with Eurostoxx 50 +0.1% after the cash market closed higher by 0.8% yesterday.DXY is contained around the 103.50 mark with FX
READ STORYUS Market Open: Europe takes the lead from Wall St. upside, AUD outperforms & EGB/UST yields climb
European bourses are firmer across the board, Euro Stoxx 50 +0.6%, following late-door Wall St. upside; though, the FTSE 100 -0.5% lags as it catches up from Monday's holiday.Stateside, futures are modestly firmer/flat on the session but have been rangebound throughout the European morningDXY strugg
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