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[PODCAST] US Open Rundown 24th January 2022
Europe Stoxx 600 -2.3% on the session, as sentiment continues to deteriorate following a softer open/APAC handover.Pressure that has seen the NQ flip from the US outperformer to the underperformer, -0.5%.Dollar firmer as longs pare back from overextended long base ahead of the Fed and GS flags risks
READ STORY[PODCAST] European Open Rundown 24th January 2022
APAC markets were mostly lower after the worst weekly performance on Wall St since the start of the pandemicUS equity futures found some reprieve from Friday's losses; e-mini S&P +0.8%DXY heads into the European open on a firmer footing ahead of this week's FOMC meetingUS Secretary of State Blin
READ STORY[PODCAST] US Open Rundown 21st January 2022
Major European bourses are pressured as the Wall St. rally faded and reverberated through APAC trade; although, the Stoxx 600 remains +0.5% on the week.US futures have been lifting off overnight lows, though the NQ continues to lag post-Netflix.Buck betwixt and between as USTs rebound, but risk aver
READ STORY[PODCAST] European Open Rundown 21st January 2022
APAC markets traded lower amid wide-spread risk aversion after late Wall Street sellingAll major US indices declined after another failed relief rally; S&P 500 -1.1%Netflix shares dropped 20% after-hours on disappointing subscriber additions and forecastsDXY remained steadfast des
READ STORY[PODCAST] US Open Rundown 20th January 2022
US equity futures are firmer, ES +0.4%, picking back up from yesterday's pressure with the NQ +0.7% outperforming amid a pull-back in yields.Major bourses in Europe are softer, Euro Stoxx 50 -0.2%, in an indecisive morning; following eventual upside in APAC markets.Dollar drifts alongside Treasury y
READ STORY[PODCAST] European Open Rundown 20th January 2022
Asian equity markets eventually traded mostly higher but with price action relatively choppyMajor US indices (S&P 500 -1%, Nasdaq -1.2%) failed to sustain the early reprieve despite yields easing from pandemic highsEuropean futures are indicative of a firmer open with the Eurostoxx 50 future hig
READ STORY[PODCAST] US Open Rundown 19th January 2022
European bourses are mixed but becoming increasingly upbeat as the pressure from the APAC/US handovers dissipates, Euro Stoxx 50 +0.6%; ES +0.3%, NQ +0.4%The DXY remains above, but within touching distance of, 95.50 with G10 peers firmer and antipodeans leading after ANZ's RBNZ OCR callSome UK Conse
READ STORY[PODCAST] European Open Rundown 19th January 2022
Asian stocks followed suit to the losses on Wall St where all major indices declined, led by tech and growth; Nasdaq -2.6%European futures are indicative of a softer open with the Mar'22 Eurostoxx 50 future lower by 0.5%An explosion in Turkey forced the shutdown of the Iraq-Turkey crude oil pipeline
READ STORY[PODCAST] US Open Rundown 18th January 2022
Equities remain pressured in a continuation of the yield-inspired downside seen in APAC hours as the German 10yr yield nears 0.00%Overnight, the US yield briefly breached 1.85% but has since pulled back modestly though equities remain waylaid with NQ, -2.0%, continuing to underperformOil remains ele
READ STORY[PODCAST] European Open Rundown 18th January 2022
Asia-Pac stocks traded mixed with early optimism in the region soured by a resumption of the surge in US yieldsThe US 10yr cash yield briefly topped 1.85%; US equity futures were softer across the boardEuropean futures are indicative of a softer open with the Eurostoxx 50 future lower by 0.4% after
READ STORYWeek ahead: highlights include Chinese GDP, Retail Sales, Industrial Production, BoJ, UK, Canadian & Japanese CPI, ECB Minutes
MON: BoC Business Outlook Survey, Eurogroup Meeting, US Martin Luther King Jr. Day; Chinese Retail Sales/Industrial Output (Dec), GDP (Q4), EZ CPI Final (Dec), US Leading Index (Dec), Canadian Housing Price Index (Dec)TUE: BoJ Policy Announcement, OPEC MOMR; Japanese Capacity Utilisation (Nov), UK J
READ STORYWeek Ahead 24-28th January. Highlights include: FOMC, US PCE; Flash PMIs; BoC
MON: Italian Election; Japanese Manufacturing PMI Flash (Jan), EZ, UK, US Flash PMIs (Jan), German CPI Prelim. (Jan), US National Activity Index (Dec).TUE: NBH Policy Announcement; Australian NAB (Dec), German Import Prices (Dec), Ifo (Jan), EZ Consumer Confidence Final (Jan), Consumer Confidence (J
READ STORY[PODCAST] European Open Rundown 17th January 2022
Asian equity markets traded with a mild positive bias following the similar close last Friday on Wall StreetChinese GDP and industrial production exceeded expectations, whilst retail sales disappointedThe PBoC reduced rates on its 1-year Medium-term Lending Facility and 7-day reverse repos by 10bps
READ STORY[PODCAST] US Open Rundown 14th January 2022
European bourses are softer, Euro Stoxx 50 -0.9%, with newsflow minimal though benchmarks are off lows led by Oil & Gas given benchmark pricingUS futures are contained/rangebound, ES +0.1%, ahead of US Retail Sales and Fed's Williams as the last scheduled pre-blackout speakerDXY remains pressure
READ STORY[PODCAST] European Open Rundown 14th January 2022
Asian equity markets weakened amid headwinds from the US where all major indices declinedLosses in the US were led by tech and consumer discretionary names amid a slew of hawkish Fed speakEuropean futures are indicative of a softer open with the Eurostoxx 50 future lower by 0.8%Chinese trade figures
READ STORY[PODCAST] US Open Rundown 13th January 2022
European bourses are contained with US futures equally uninspiring, ES +0.1%; in Europe, sectors has Tech, +1.1%, notably outperforming given TSMC read-acrossDXY remains subdued moving further below 95.00 to the benefit of peers across the board; conversely, core debt is relatively calm before more
READ STORY[PODCAST] European Open Rundown 13th January 2022
Asia-Pac stocks traded mixed following the choppy session in the US where major indices eked mild gainsEuropean futures are indicative of a flat open with the Eurostoxx 50 Mar'22 contract near the unchanged markIn FX, the DXY heads into the European open a touch softer and in close proximity to the
READ STORY[PODCAST] US Open Rundown 12th January 2022
European bourses are firmer continuing from upbeat APAC performance while US futures are more contained but retain a positive bias pre-CPI, ES +0.1%, NQ +0.3%Chinese inflation metrics cooled from the prior and came in below expectationsThe DXY is towards the top of a narrow range with peers generall
READ STORY[PODCAST] European Open Rundown 12th January 2022
Asia-Pac bourses traded positively as stocks took their cue from the energy and tech-led gains in the USUS indices closed higher across the board with the Nasdaq outpacing peers with gains of 1.4%Chinese inflation metrics cooled from the prior and came in below expectationsThe DXY languished around
READ STORY[PODCAST] US Open Rundown 11th January 2022
European bourses and US futures are firmer following yesterday's US rebound, ES +0.3%, but off best pre-Powell's testimonyFed Chair Powell’s prepared remarks noted the economy has rapidly strengthened despite the ongoing pandemicFed's Bostic (2024 voter) sees three 2022 hikes, risks of a fourth on t
READ STORY[PODCAST] European Open Rundown 11th January 2022
Asian equities were subdued following on from the mostly negative lead from Wall StUS stocks declined at the open, but then finished off lows and the Nasdaq fully recovered from a near-3% drop as yields waveredDXY is softer and back on a 95 handle as activity currencies gain and EUR/USD gains a firm
READ STORYWeek ahead: highlights include Chinese & US CPI, US Retail Sales, UK GDP
MON: Japanese Old Age Day, EZ Sentix (Jan), Unemployment (Nov), US Employment Trends (Dec), Wholesale Inventory/Sales (Nov), Chinese M2 /New Yuan Loans (Dec)TUE: EIA STEO; Australian Retail Sales (Nov), Japanese Coincident Index/Leading Indicator (Nov), UK GDP Estimate (Nov), US NFIB (Dec), Redbook
READ STORY[PODCAST] US Open Rundown 10th January 2022
Indecisive and somewhat choppy trade amid a thin docket; Euro Stoxx 50 -0.1%, ES U/C, NQ -0.3%In FX, the DXY tested 96.00 to the upside with peers mixed but relatively contained while USTs/EGBs recovered from initial pressureUS Senator Manchin reportedly no longer supports a USD 1.8trl Build Back Be
READ STORY[PODCAST] European Open Rundown 10th January 2022
Asia-Pac markets traded mixed and US equity futures were initially pressured after last Friday's post-NFP weaknessOngoing Omicron woes and the absence of Japanese participants further added to the uninspired moodChina reported its first community transition of the Omicron variant in Tianjin which is
READ STORY[PODCAST] US Open Rundown 7th January 2022
European bourses/US futures are mixed but generally contained amid minimal newsflow pre-NFP/Fed speak; ES +0.2%DXY remains downbeat but off worst and yet to test 96.00 with main peers little changed and both EUR and GBP unreactive to respective dataCore debt is similarly confined while crude continu
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