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[PODCAST] European Open Rundown 29th September 2021
Asian equity markets were pressured on spillover selling from global peers which saw the S&P 500 suffer its worst day since MayTech losses were magnified as yields climbed and with sentiment also dampened by weak dataEvergrande sold CNY 10bln of shares in Shengjing Bank that will be used to pay
READ STORY[PODCAST] US Open Rundown 28th September 2021
Bourses in Europe extended on the losses seen at the cash open and trade lower across the boardUS equity futures have also been hit in tandem with the surge in global yields; NQ underperformsUS 10yr yield rose further above 1.50%, the 20yr topped 2.00% and the UK 10yr hit 1.00% for the first time si
READ STORY[PODCAST] European Open Rundown 28th September 2021
Asian equity markets traded mixed following on from a Wall Street lead where value outperformed growthThe DXY heads into the European open marginally softer with EUR/USD and GBP/USD on 1.17 and 1.37 handles respectivelyAdvances in the crude complex saw Brent reach USD 80/bbl for the first time since
READ STORY[PODCAST] US Open Rundown 27th September 2021
Bourses in Europe have trimmed the gains seen at the open, albeit the region remains mostly in positive territoryUS equity futures vary, with the NQ (-0.3%) lagging as yields tick higher, whilst the RTY (+0.4%) outperformsIn FX, the DXY eyes 93.500, EUR/USD fell below 1.1700 whilst USD/JPY inches cl
READ STORY[PODCAST] European Open Rundown 27th September 2021
Asian equity markets traded somewhat mixed with the region finding encouragement from reopening headlinesThat said, gains were capped heading towards month-end, while German election results remained tight and Evergrande uncertainty continued to lingerThe German election results saw a narrow victory
READ STORY[PODCAST] US Open Rundown 24th September 2021
European bourses and US futures are subdued with Evergrande updates sparse and participants looking to Fed speak, ES -0.3%Silence from Evergrande and lack of coupon payments for its offshore bonds, stirred uncertainty for the company & APAC sentimentThe DXY holds on to 93.00 but peers are genera
READ STORY[PODCAST] European Open Rundown 24th September 2021
Asian equity markets traded mixed with the region failing to fully sustain the impetus from the positive performance across global counterpartsSilence from Evergrande and lack of coupon payments for its offshore bonds, stirred uncertainty for the companyThe DXY holds on to 93.00 status with FX marke
READ STORY[PODCAST] US Open Rundown 23rd September 2021
Risk sentiment remains positive after the APAC-lead; however, latest Evergrande sources have tarnished sentiment somewhat, ES +0.6%Chinese authorities are asking local governments to begin preparations for the potential downfall of Evergrande, WSJ citing sourcesOn the subject, China has told Evergra
READ STORY[PODCAST] European Open Rundown 23rd September 2021
The FOMC gave notice that a reduction in the pace of asset purchases may soon be warrantedFed Median dot plot sees 1 hike in 2022 (prev. 0); 3 hikes in 2023 (prev. 2); 7 hikes through 2024; long run 9 (prev. 9)Asian equity markets traded mostly positively as the region took its cue from the gains in
READ STORY[PODCAST] US Open Rundown 22nd September 2021
Risk sentiment has strengthened on China's return to market amid PBoC liquidity operations and Evergrande developmentsEvergrande’s main unit Hengda Real Estate will make domestic coupon payments due tomorrow; offshore payments unclear, sourcesEquities are firmer with Europe marginally outperforming
READ STORY[PODCAST] European Open Rundown 22nd September 2021
Asian equity markets traded mixed as caution lingered ahead of upcoming risk events including the FOMCParticipants also digested the latest Evergrande developments and China’s return to the market from the Mid-Autumn FestivalEvergrande’s main unit Hengda Real Estate will make coupon payments due tom
READ STORY[PODCAST] US Open Rundown 21st September 2021
European bourses & US futures are firmer in an attempt to recoup yesterday's losses; albeit, we remain lower on the week thus-farEvergrande Chairman provided upbeat commentary; but, China remains on holiday and we await Thursday's bond interest deadlineIn FX, the DXY has been rangebound with a d
READ STORY[PODCAST] European Open Rundown 21st September 2021
Asian equities traded cautiously following the recent downbeat global risk appetiteWall Street saw its heaviest losses since May with the S&P closing lower by 1.7%In FX, the DXY was rangebound above 93.00, EUR/USD was steady after finding support at 1.17 and GBP/USD nursed losses sub-1.37Canadia
READ STORY[PODCAST] US Open Rundown 20th September 2021
European bourses trade with losses across the board; US equity futures conform to the risk aversion with NQ narrowly outperforming vs RTYAsia-Pac stocks were spooked at the start of the week; Mainland China, Japan, South Korea and Taiwan were closedEvergrande fell 17% on default fears; executives re
READ STORYWeek Ahead: Highlights include FOMC, PBoC, BoE, flash PMIs, Canada Election
MON: Canadian Election; Swedish Budget; Japan Market Holiday.TUE: RBA Minutes (Sep); BI Policy Decision; NHB Policy Decision; Riksbank Policy Decision.WED: FOMC Policy Decision; BoJ Policy Decision; PBoC LPR Setting; BCB Policy Decision.THU: BoE Policy Decision; SNB Policy Decision; Norges Bank Poli
READ STORY[PODCAST] European Open Rundown 20th September 2021
Asia-Pac stocks were spooked at the start of the week; Mainland China, Japan, South Korea and Taiwan were closedUS equity futures also slipped overnight with the RTY underperforming, NQ losses were less pronouncedIn FX, DXY extended gains above 93.00, USD/JPY fell under 110.00, and antipodeans under
READ STORY[PODCAST] US Open Rundown 17th September 2021
Equities have come under pressure on Quad Witching Day, ES -0.3%, Euro Stoxx 50 -0.1%In FX, the DXY has pulled back to the modest benefit of peers while debt is softer but off worst levelsUS and Australia issued a joint statement that noted they will strengthen ties with TaiwanECB stated the FT stor
READ STORY[PODCAST] European Open Rundown 17th September 2021
Asian equity markets traded mixed with the region tentative; US equity futures drifted higher overnightIn FX, DXY pulled back from yesterday's highs, GBP/USD reclaimed 1.3800 and antipodeans narrowly outperformedUS and Australia issued a joint statement that noted they will strengthen ties with Taiw
READ STORY[PODCAST] US Open Rundown 16th September 2021
European/US equity futures diverge with US benchmarks under modest pressure ahead of US dataDXY is firmer with peers pressured across the board ex-NZD; core debt is subdued as short-lived consolidation fizzled outUS, UK and Australia agreed on a new security partnership for the Indo-Pacific regionUK
READ STORY[PODCAST] European Open Rundown 16th September 2021
Asian equity markets traded mostly lower; US equity futures traded flat with a downside biasIn FX, the DXY was rangebound, USD/JPY was subdued, antipodeans traded indecisivelyCrude prices held onto the prior session's gainsUS, UK and Australia agreed on a new security partnership for the Indo-Pacifi
READ STORY[PODCAST] US Open Rundown 15th September 2021
Equities are contained though Europe has a slight downside bias while US futures are bid, ES +0.3%In FX, the DXY is subdued and sub 92.50, peers firmer across the board and JPY leading the chargeChinese Industrial Production and Retail Sales data missed expectationsSouth Korean military stated that
READ STORY[PODCAST] European Open Rundown 15th September 2021
Asia-Pac stocks mostly followed suit to the losses on Wall St where cyclicals underperformed, and financials were hitEurozone and US equity futures traded with a mild upside bias overnight; FTSE 100 futures laggedIn FX, the DXY was steady, EUR/USD was rangebound, AUD/USD saw mild gains and USD/JPY w
READ STORY[PODCAST] US Open Rundown 14th September 2021
European bourse trade mixed after an initial foray lower as China-losses accelerated into the APAC closeUS equity futures are flat/contained in the run-up to CPI, with the NQ narrowly laggingIn FX, the DXY is softer but straddling 92.50 while peers are mixed and AUD lags post-LoweRBA Governor Lowe s
READ STORY[PODCAST] European Open Rundown 14th September 2021
Asia-Pac stocks eventually followed suit to the mostly positive handover from the US; US equity futures traded with mild gains overnightIn FX, DXY remained lacklustre, EUR/USD and GBP/USD were little changed, USD/JPY held onto 110.00 and AUD was pressuredRBA Governor Lowe said it is difficult to und
READ STORY[PODCAST] US Open Rundown 13th September 2021
Risk sentiment turned constructive shrugging off a mixed APAC handover, Euro Stoxx 50 +0.6%, ES +0.5%USD is firmer, though G10 peers are mixed as antipodeans outperform while safe-havens lagGlobal Times Editor warned Taiwan of "full scale" sanctions and military patrols following the proposal to ren
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