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[PODCAST] European Open Rundown 27th August 2021
Asia-Pac bourses traded mixed although have shown an improvement compared to the losses in global counterpartsLosses in the US came in the context of recent hawkish Fed rhetoric ahead of Powell and events in AfghanistanThe DXY straddled 93.00 amid a non-committal tone and contained price action in t
READ STORY[PODCAST] US Open Rundown 26th August 2021
European bourses are softer across the board with US futures also pressured albeit to a lesser extent, ES -0.1%DXY is firmer but capped by 93.00 with peers subdued across the board while debt continues to pullback but has stabilised slightly most recentlyFresh newsflow has been sparse and largely on
READ STORY[PODCAST] European Open Rundown 26th August 2021
Asia-Pac stocks traded cautiously amid a deluge of earnings releases and as markets await Jackson HoleUS equity futures trickled lower overnight following another consecutive day of record highs on Wall StThe BoK became the first major Asian central bank to hike rates since the pandemic beganIn FX,
READ STORY[PODCAST] US Open Rundown 25th August 2021
European equity bourses/US futures are essentially unchanged amid minimal newsflow in the European morning; ES +0.1%The DXY has been choppy within ranges and currently sub-93.00 with peers mixed but near-unchanged; debt is downbeat after earlier upside fizzled out in EGBsUS VP Harris suggested that
READ STORY[PODCAST] European Open Rundown 25th August 2021
Asian stocks traded somewhat mixed and failed to fully sustain the early momentum from the USThe S&P 500 and Nasdaq extended on record highs amid notable strength in cyclicalsUS VP Harris suggested that the US needs to increase pressure on Beijing and challenge its bullyingThe House voted to app
READ STORY[PODCAST] US Open Rundown 24th August 2021
US equity futures are firmer off-best levels, with NQ modestly outperforming while European bourses are mixed/lower after a firmer startIn FX, the DXY trades above 93.000, EUR/USD encountered resistance ahead of 1.1750 while Cable briefly lost 1.37 and antipodeans outperformRBNZ's Hawkesby said the
READ STORY[PODCAST] European Open Rundown 24th August 2021
Asia-Pac stocks sustained the momentum from Wall St; US equity futures traded sideways overnightIn FX, the DXY traded on either side of 93.000, EUR/USD encountered resistance ahead of 1.1750, and antipodeans outperformedChinese President Xi Jinping may not attend the G20 summit in Rome at the end of
READ STORY[PODCAST] US Open Rundown 23rd August 2021
European bourses are firmer but off-highs, Euro Stoxx 50 +0.3%; US futures have been steady and contained with the RTY outperformingDXY is pressured as activity-FX rebounds from last week's declines, whilst havens lagFlash PMIs were mixed but overall below forecasts - reactions were minimalThe Fed’s
READ STORYWeek Ahead 23-27th August - highlights include Jackson Hole, US PCE; PMIs; ECB minutes
MON: Bank of Israel Policy Decision; UK, EZ and US Flash PMIs (Aug); New Zealand Retail Sales (Jul)TUE: NBH Policy Decision; New Zealand Trade Balance (Jul)WED: German Ifo Survey (Aug); US Durable Goods (Jul)THU: Fed Jackson Hole Symposium (26th - 28th), Australian Retail Sales (Aug), BoK Policy Dec
READ STORY[PODCAST] European Open Rundown 23rd August 2021
Asia-Pac bourses were firmer throughout the night; US equity futures also drifted higherIn FX, the DXY marginally pulled back from recent gains, high-betas outperformed, and havens laggedThe Fed’s Jackson Hole Symposium is shifting to a virtual event from the initial in-person formatFed's Kaplan (20
READ STORY[PODCAST] US Open Rundown 20th August 2021
Risk sentiment is slightly softer but performance overall is contained, ES -0.2%, amid limited newsflowDXY is firmer and remains above 93.50, with activity currencies lagging and safe-havens marginally positive once againChina's legislature passed the Personal Information Protection LawFed Chair Pow
READ STORY[PODCAST] European Open Rundown 20th August 2021
The mood in Asia was mostly subdued following on from the losses in European bourses and indecision statesideEnergy was the worst-performing US sector once again as oil retreated for a 6th consecutive day and cyclicals laggedChina's legislature passed the Personal Information Protection LawIn FX, th
READ STORY[PODCAST] US Open Rundown 19th August 2021
Sentiment is firmly risk-off with European equity bourses and US futures pressured ES -0.6%, with USD, safe-haven FX and debt bidFresh newsflow has been minimal and action a continuation of APAC weakness post-FOMC Minutes after a downbeat US closeDXY is firmer but off 93.502 highs as activity/petro-
READ STORY[PODCAST] European Open Rundown 19th August 2021
FOMC minutes suggested that participants generally judge that the standard of "substantial further progress" had not yet been metMost judged that it could be appropriate to start reducing the pace of asset purchases this yearStocks across Asia succumbed to the weakness seen across US peers with glob
READ STORY[PODCAST] US Open Rundown 18th August 2021
European equities (Eurostoxx 50 -0.3%) trade with a mild negative bias with sectors mixed; US futures essentially flatThe RBNZ kept rates unchanged at 0.25%; cited lockdown and uncertaintyDXY is contained holding above 93.00 with peers equally contained ex-NZD post RBNZ; USTs are flat after APAC pre
READ STORY[PODCAST] European Open Rundown 18th August 2021
Asia-Pac bourses gradually improved and managed to shrug off the early cautiousness stemming from the weak Wall St. handoverThe RBNZ kept rates unchanged at 0.25%; cited lockdown and uncertaintyNZD recovered from initial losses with the RBNZ projecting a hike by year-end and another 100bps of increa
READ STORY[PODCAST] US Open Rundown 17th August 2021
European equities/US futures are hindered as sentiment slips on China updates and NZ returning to lockdown; ES -0.5%DXY is firmer but within ranges as safe-haven's remain little changed but antipodeans lag, particularly NZD pre-RBNZ on updated calls; core debt is bid but off bestChina's market regul
READ STORY[PODCAST] European Open Rundown 17th August 2021
Asian equity markets were subdued following the mixed performance on Wall St; S&P 500 and DJIA posted a 5th consecutive session of record closesChina's market regulator issued draft regulations on banning unfair competition in the internet sectorFed's Rosengren would be supportive of announcing
READ STORY[PODCAST] US Open Rundown 16th August 2021
European bourses/US futures are softer with FX-havens bid but core debt pulling back after initial upside on weekend/overnight updates; ES -0.2%Focus has been on disappointing activity data from China, while weekend newsflow was dominated by events in AfghanistanThe Taliban effectively took control
READ STORYWeek Ahead 16-20th August - Highlights include: FOMC mins, US retail sales; PBoC, China activity data; RBA mins, RBNZ, Norges; Aus jobs; UK and CA retail sales and CPI
MON: Japanese GDP (Q2); Chinese Retail Sales and Industrial Production (Jul).TUE: RBA Minutes (Aug); UK Jobs Report (Jun/Jul); EZ Flash GDP (Q2) and Flash Employment (Q2); US Retail Sales (Jul).WED: RBNZ Policy Decision, FOMC Minutes (Jul); UK Inflation (Jul); EZ Final CPI (Jul); US Building Permits
READ STORY[PODCAST] European Open Rundown 16th August 2021
Asia-Pac stocks traded mostly subdued and US equity futures pulled back from record levelsParticipants digested disappointing activity data from China, while weekend newsflow was dominated by events in AfghanistanThe Taliban effectively took control of Kabul which prompted a mass exodus of foreigner
READ STORY[PODCAST] US Open Rundown 13th August 2021
European bourses and US futures have a minimal positive bias but ultimately haven't deviated much from unchanged levelsUSD is downbeat but remains within reach of 93.00 with peers firmer but ultimately rangebound; debt sees USTs firmer while EGBs lost impetus after an initial flurry higherTokyo dail
READ STORY[PODCAST] European Open Rundown 13th August 2021
Asia-Pac equities traded mixed with a downside bias; the ASX 200 outperformed and the KOSPI laggedIn FX, DXY traded on either side of 93.00 whilst the EUR saw a mild bid as EUR/GBP tested 0.85South Korea issued a weekend stay-at-home order whilst Australia's New South Wales reported record new COVID
READ STORY[PODCAST] US Open Rundown 12th August 2021
Contained and quiet equity trade amid minimal macro developments ahead of US data; ES U/C, Euro Stoxx 50 +0.2%The DXY is modestly firmer but little changed with peers equally uninspiring while debt meanders pre-30yr US issuance after yesterday's strong saleOPEC members have not collectively discusse
READ STORY[PODCAST] European Open Rundown 12th August 2021
Asia-Pac equities traded saw a mixed session with a downside bias and a cautious tone; China laggedFX markets were quiet; DXY remained in a tight range sub-93.000, EUR/USD and GBP/USD were flatWhite House said the outreach to OPEC is aimed at long-term engagement and not necessarily an immediate res
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