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Week Ahead: Highlights include the FOMC, BoE, ECB, SNB, BoJ, EZ/UK Flash PMIs
MON: OPEC MOMR.TUE: NBH Announcement; UK Employment (Oct/Nov); EZ Industrial Production (Oct); US PPI (Nov); IEA OMR.WED: FOMC Announcement and Projections; Bank of Indonesia Announcement; Chinese Retail Sales (Nov) and Industrial Production (Nov); UK Inflation (Nov); US Retail Sales (Nov); Canadian
READ STORY[PODCAST] European Open Rundown 13th December 2021
Asia-Pac equity markets took their cues from last Friday’s gains on Wall Street; US equity futures traded with mild upside overnightIn FX, the DXY eked mild gains, EUR/USD slipped back under 1.1300 and USD/JPY traded around 113.50UK raised its COVID alert level to 4 from 3 and accelerated its booste
READ STORY[PODCAST] US Open Rundown 10th December 2021
European bourses are softer while US equity futures are marginally firmer ahead of US CPI; ES +0.3%In FX, the DXY extended on gains in European hours, best level just shy of 96.50, and with peers subdued across the boardPBoC set USD/CNY mid-point at 6.3702 vs exp. 6.3499 (prev. 6.3498); CBRT interve
READ STORY[PODCAST] European Open Rundown 10th December 2021
Asia-Pac stocks were on the back foot as the region took its cue from the weak performance in the USIn FX, DXY was steady in a tight range, USD/JPY traded on either side 113.50, USD/CNH saw volatility at the PBoC CNY fixPBoC set USD/CNY mid-point at 6.3702 vs exp. 6.3499 (prev. 6.3498)Sources in Bru
READ STORY[PODCAST] US Open Rundown 9th December 2021
Stocks in Europe have been drifting lower, US equity futures have also succumbed to the modest downside; ES -0.3%In FX, the DXY extends above 96.00 with JPY perhaps capping upside while the CNH saw downside on PBoC raising FX RRR by 2pptsChinese PPI topped expectations whilst CPI Y/Y missed but regi
READ STORY[PODCAST] European Open Rundown 9th December 2021
Asian equity markets eventually traded mixed as the early tailwinds from the US gradually wanedIn FX, the DXY recouped some of its recent losses, EUR was subdued and JPY was indecisiveChinese PPI topped expectations whilst CPI Y/Y missed but registered the fastest pace of increase since August last
READ STORY[PODCAST] US Open Rundown 8th December 2021
Broader sentiment was dented on UK COVID Plan B updates; US equity futures mostly hold onto mild gainsUK sources suggest an 85% chance of implementing COVID Plan B, potentially from Thursday; press conference at 17:30GMT/12:30ESTApple (+0.7% pre-mkt) was forced to scale back its total output target
READ STORY[PODCAST] European Open Rundown 8th December 2021
Asian equity markets traded positively; US equity futures saw mild gains overnight after Wall Street closed firmly in the greenIn FX, DXY pulled back, EUR/USD nursed some recent losses, USD/JPY hovered around 113.50 and CAD laggedPreliminary results from a small study showed a 40x reduction in neutr
READ STORY[PODCAST] US Open Rundown 7th December 2021
European stocks have conformed to the risk appetite seen across global peers; US equity futures continue to rise - ES +1.3%In FX, the DXY is firmer but remains capped by 96.50, antipodeans outperform on base-metals while EUR & GBP are only marginally lowerThe RBA maintained its Cash Rate at 0.10
READ STORY[PODCAST] European Open Rundown 7th December 2021
Asia-Pac stocks traded mostly in the green following the positive close on Wall Street; US equity futures meandered higher overnightIn FX, the DXY was indecisive, JPY underperformed, and AUD was boosted post-RBA as iron ore futures gainedThe RBA maintained its Cash Rate at 0.10% and weekly bond purc
READ STORY[PODCAST] US Open Rundown 6th December 2021
Early gains across equities faded; Euro Stoxx 50 +0.5%, ES -0.1%, NQ -0.5%PBoC cut the RRR effective from December 15th; 50bp reduction that will release CNY 1.2tln in liquidity.The DXY is pressured at fresh lows but retains 96.00+ status with peers mixed as havens lagUS President Biden and Russian
READ STORYWeek Ahead: highlights include US CPI, Uni. of Mich, China CPI and trade, BoC, RBA
MON: EZ Sentix Index (Dec); Eurogroup meeting.TUE: RBA Announcement; German Industrial Output (Oct); German ZEW Survey (Dec); EZ GDP R (Q3), Employment F (Q3); US Trade (Oct); Japanese GDP R (Q3); Chinese Trade Balance (Nov); EIA STEO.WED: BoC Announcement; RBI Announcement; US JOLTS Job Openings (O
READ STORY[PODCAST] European Open Rundown 6th December 2021
Asian equities began the week cautiously following last Friday's negative performance statesideIn FX, the DXY traded within a tight range, EUR and safe havens were subdued and activity currencies outperformedUK ministers announced fresh COVID-19 restrictions for travellers entering the UKUS Presiden
READ STORY[PODCAST] US Open Rundown 3rd December 2021
The positivity seen heading into the European open dissipated; US equity futures are seeing modest broad-based lossesUS Democratic Sen. Manchin is skeptical that the Build Back Better bill can pass the Senate this year, CNN sources stateCaixin Services and Composite PMI data slowed from the prior mo
READ STORY[PODCAST] European Open Rundown 3rd December 2021
Asian equities eventually traded mostly higher following the cyclical-led rebound in the USCaixin Services and Composite PMI data slowed from the prior month, but both remained in expansion territoryThe DXY has edged mild gains above 96.00 whilst EUR/USD and GBP/USD hover around 1.13 and 1.33 respec
READ STORY[PODCAST] US Open Rundown 2nd December 2021
Bourses across Europe have held onto losses seen at the cash open; US equity futures are firmer with RTY outpacing and NQ laggingSouth African scientist sees an exponential rise in new COVID cases with predominance of Omicron; India said the two cases it sees are mildApple (AAPL) reportedly told iPh
READ STORY[PODCAST] European Open Rundown 2nd December 2021
Asian equities traded tentatively following the declines on Wall St where major indices extended on lossesSelling stateside was exacerbated on confirmation of the first Omicron case in the USDXY oscillates around 96.00, EUR/USD remains above 1.13 and GBP/USD eyes 1.33TRY was pressured again after Tu
READ STORY[PODCAST] US Open Rundown 1st December 2021
European bourses are firmer across the board with a clear cyclical bias; US futures are in the green with RTY outperformingUS Conservatives on both sides of the Capitol are reportedly plotting to force a government shutdown FridayChinese Caixin Manufacturing PMI fell short of estimates and slipped b
READ STORY[PODCAST] European Open Rundown 1st December 2021
Asian equity markets traded mostly positive as regional bourses atoned for the prior day’s lossesUS equities closed lower (S&P 500 -1.9%) amid ongoing COVID concerns and comments from Fed Chair PowellChinese Caixin Manufacturing PMI fell short of estimates and slipped back into contraction terri
READ STORY[PODCAST] US Open Rundown 30th November 2021
Initial momentum for APAC equities was faded; European stocks remain under pressureThis sentiment has seeped into US equity futures; RTY lags, NQ is cushioned by softer yieldsModerna chief predicts that existing vaccines will be much less effective against the Omicron variantWSJ reported Regeneron's
READ STORY[PODCAST] European Open Rundown 30th November 2021
Initial momentum for APAC equities was faded amid downbeat comments from the Moderna CEOModerna chief predicts that existing vaccines will be much less effective against the Omicron variantChinese Manufacturing PMI (Nov) 50.1 vs. Exp. 49.6 (Prev. 49.2)Fed Chair Powell stated that the Omicron variant
READ STORY[PODCAST] US Open Rundown 29th November 2021
Bourses in Europe are experiencing a mild broad-based rebound; US equity futures also see gains across the board South African Medical Association Chairwoman Coetzee said the new Omicron variant has resulted in mild symptoms so far DXY resides in a tight range, activity currencies are fa
READ STORYWeek Ahead: Highlights include US jobs, ISM, OPEC+, Iran nuke talks, EZ flash CPI
MON: German CPI Prelim. (Nov), EZ Economic Sentiment/Consumer Confidence Final (Nov), Canadian Producer Prices (Oct), Japanese Unemployment Rate (Oct); Iranian Nuclear Negotiations resume.TUE: New Zealand NBNZ Business Outlook (Nov), Australian Building Approvals (Oct), Chinese NBS & Composite P
READ STORY[PODCAST] European Open Rundown 29th November 2021
Asia-Pac stocks traded cautiously and US equity futures rebounded from Friday’s hefty sellingSouth African Medical Association Chairwoman Coetzee said the new Omicron variant has resulted in mild symptoms so farNIH Director Collins is optimistic that current vaccines are likely to protect against th
READ STORY[PODCAST] US Open Rundown 26th November 2021
European equities are trading markedly lower (Stoxx 600 -2.9%) with losses in the Stoxx 600 extending to 3.8% WTD; ES -1.9%, RTY -4.2%The new variant is said to be the most evolved strain so far, prompting fears that it could be worse than DeltaUSTs and Bunds are notably firmer and safe-havens (JPY,
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