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Newsquawk Week Ahead: Highlights include US NFP, ISM Mfg, PCE, GDP, EZ and Australian CPI, UK Budget, BoJ and Japan LDP Election
SUN: Japanese LDP ElectionMON: Japanese Jobs Report (Sep)TUE: German GfK (Nov), US JOLTS (Oct)WED: UK Budget, Australian CPI (Sep), Spanish Flash CPI (Oct), US ADP (Oct), German Flash GDP (Q3) and Prelim CPI (Oct), EZ Prelim GDP (Oct), US GDP Advance (Q3), Japanese Retail Sales (Sep)THU: BoJ Announc
READ STORYUS Market Open: US futures are bid & DXY is flat ahead of US data & Fed speak
European bourses hold a slight positive tilt after initially opening on a modestly weaker footing; US futures are entirely in the green.Dollar is flat ahead of Durable Goods, JPY was fairly unreactive to mixed Tokyo CPI.USTs are flat but directionally in-fitting with the pressure seen in Bunds, spar
READ STORYEurope Market Open: APAC stocks bolstered by the Wall St. handover, earnings ahead
APAC stocks bolstered by the the Wall St. handover though with upside capped given ongoing geopolitical uncertaintyFX relatively contained with specifics light in overnight tradeFixed benchmarks remained afloat, JGBs edged mild gains after mixed Tokyo CPICrude benchmarks attempted to nurse Thursday'
READ STORYUS Market Open: TSLA +10%, Autos gain on China reports, PMIs mixed, USD & US yields soft into data
European bourses are entirely in the green and reside just off session highs; US futures also gain, with NQ outperforming after strong TSLA (+10.7%) results.Dollar is on the backfoot giving back some of this week’s gains, JPY outperforms with USD/JPY scaling back to a 151 handle.USTs/Bunds are on a
READ STORYEurope Market Open: Tentative trade after numerous negative stateside updates, though TSLA +12%
APAC stocks traded cautiously following the losses stateside as participants digested earnings releases and negative stock-specific updates, while yields also continued to edge higher.DXY has pulled back a touch from recent gains, EUR/USD lingers just below the 1.08 mark, USD/JPY sits on a 152 handl
READ STORYUS Market Open: European bourses trading negative, US futures follow suit with earnings ahead
European bourses are generally trading in negative territory; US futures follow suit, ahead of a busy earnings slate.DXY continues to march higher, USD/JPY climbs back above 152 to a current 152.74 peak.USTs are modestly lower ahead of 20yr supply; Bunds were unreactive to a well-received 10yr aucti
READ STORYEurope Market Open: Mixed trade with drivers limited as traders await Israel's response; earnings ahead
APAC stocks were ultimately mixed with the upside capped following the inconclusive performance on Wall St amid a lack of fresh macro drivers, recent upside in yields and ongoing geopolitical tensions.ECB policymakers are beginning to debate whether rates will have to go below neutral level in the c
READ STORYUS Market Open: Oil surges on recent geopolitical updates; speakers & earnings ahead
European bourses are entirely in negative territory, with initial outperformance in the DAX 40 (due to strong SAP results) now entirely erased; US futures are also lower.Dollar is flat, Antipodeans outperform attempting to recoup some of its recent losses.Bonds remain on the backfoot in a continuati
READ STORYEurope Market Open: APAC mixed while European futures point towards a positive open, ECB & Fed speakers ahead
APAC stocks traded mixed with participants somewhat cautious following the mostly negative bias stateside.European equity futures are indicative of a slightly positive cash open with the Euro Stoxx 50 future +0.1% after the cash market closed lower by 0.9% on Monday.DXY is just below the 104 mark, a
READ STORYUS Market Open: US futures mixed ahead of Fed speakers; dollar firmer and bonds pressured
European bourses are generally trading in negative territory, but the FTSE 100 remains afloat owning to gains in Energy/Mining names; US futures are mixed.Dollar is firmer, JPY underperforms with USD/JPY attempting to test 150 to the upside.Bonds are entirely in the red, Bunds were initially lifted
READ STORYEurope Market Open: APAC markets kicked off the week in contained fashion with macro catalysts light
APAC stocks began the week mostly positive although gains were capped by the lack of fresh macro catalysts.PBoC announced a 25bps cut to China's benchmark LPRs, as expected.Israeli PM Netanyahu has said he is undeterred from his war aims following a reported drone attack on his private residence, vi
READ STORYNewsquawk Week Ahead: Highlights include PBoC LPR, BoC, EZ & UK PMI
MON: PBoC LPRTUE: NBH Announcement, IMF World Economic OutlookWED: BoC AnnouncementTHU: EZ/UK/US Flash PMIs (Oct)FRI: PBoC MLF (TBC), CBR Announcement, Japanese Tokyo CPI (Oct), German Ifo (Oct), US Durable Goods (Sep), US University of Michigan Final (Oct)PBOC LPR (MON): PBoC will announce the late
READ STORYUS Market Open: Chinese sentiment lifted overnight whilst European markets are tentative and choppy thus far
European bourses mixed/firmer given China tailwinds; NQ +0.5%, driven by NFLX +5%USD is broadly softer vs peers, GBP outperforms after Retail data, Antipodeans benefit from China data & PBoC musingsFixed benchmarks relatively contained, Gilts initially hit on data while EGBs & USTs attempt t
READ STORYEurope Market Open: Chinese sentiment lifted following comments from PBoC governor, earnings ahead
APAC stocks followed suit to the mixed performance stateside as the region digested further support measures from the PBoC and a slew of Chinese data including mixed Q3 GDP, better-than-expected activity data, and a further decline in House Prices.Chinese sentiment was eventually lifted after commen
READ STORYUS Market Open: Sentiment holds an upward bias ahead of US Retail Sales, Jobless Claims, and the ECB
European bourses trade mostly firmer but to varying degrees, with tech sentiment briefly lifted after strong TSMC results; US futures also gain.The dollar is flat, AUD benefits from the stronger-than-expected jobs data, whilst the Loonie underperforms.Bonds are on the backfoot and awaiting today’s k
READ STORYEurope Market Open: European futures lower ahead of ECB policy announcement and US data
APAC stocks were mostly in the green following the rebound of equity markets stateside.A press briefing by several Chinese government agencies and the PBoC failed to inspire a turnaround in the property sector.European equity futures are indicative of a softer cash open with the Euro Stoxx 50 future
READ STORYUS Market Open: Sentiment hit by poor tech and luxury earnings; Gilts fuelled by softer CPI
European bourses are mostly lower, with sentiment hit following poor LVMH/ASML results; the FTSE 100 leads after the region’s cooler-than-expected inflation metrics.Dollar is flat, GBP is the clear underperformer after headline/services inflation figures declined more than expected.Bonds continue to
READ STORYEurope Market Open: European futures pressured following ASML & LVMH, US bank updates due
APAC stocks were mixed with early declines seen post-losses on Wall Street following disappointing earnings updates from ASML and LVMH.Fed's Daly (2024 voter) said if forecasts are met, she sees one or two more rate cuts this year.European equity futures are indicative of a negative cash open with t
READ STORYUS Market Open: Crude slumps after constructive geopolitical updates, US earnings ahead
European equities are mostly lower, with energy/mining names underperforming; US futures are mixed, with slight underperformance in the NQ.Dollar is flat, JPY outperforms whilst the Antipodeans are modestly lower.Bonds are firmer, continuing the modest rebound seen in the prior session, but also der
READ STORYEurope Market Open: US tech rally drives all time highs, earnings ahead; Crude pressured by geopols
APAC stocks traded mixed as most major indices followed suit to the gains stateside where a tech rally led the S&P 500 and Dow to fresh all-time highs.Fed's Waller (Voter) said the Fed should proceed with more caution on rate cuts than was needed at the September meeting.European equity futures
READ STORYUS Market Open: DXY flat and crude underperforms following lack of stimulus details and soft data from China
European bourses are mixed, whilst US futures are incrementally firmer.Dollar is flat, Antipodeans underperform after poor Chinese data and the lack of stimulus details from China’s MoF.Bunds are firmer but with specifics light, USTs cash trade is closed on account of Columbus Day.Crude is in the re
READ STORYEurope Market Open: APAC gains capped by lack of details on China’s stimulus measures
APAC stocks were predominantly higher but with the upside initially capped amid the Japanese holiday closure, soft Chinese inflation and lack of China stimulus details.Upside became more pronounced as the session continued for mainland China, region still awaits trade data.DXY in a tight range, EUR
READ STORYNewsquawk Week Ahead - Highlights include: US retail sales, ECB, Aussie jobs, inflation data from China, Japan, New Zealand and Canada
SUN: Chinese InflationMON: OPEC MOMR, Chinese Trade Balance (Sep), Canada market holidayTUE: SARB Announcement, IEA OMR, UK Jobs Report (Aug/Sep), Swedish CPIF (Sep), German ZEW (Oct), Canadian CPI (Sep), New Zealand CPI (Q3)WED: Bank of Indonesia Announcement, UK Inflation (Sep)THU: ECB Announcemen
READ STORYUS Market Open: US futures modestly lower as traders await earnings season and Chinese MOF update
European equities trade tentatively on either side of the unchanged mark; US futures are very modestly lower.Dollar is slightly lower with G10s mixed/flat; GBP was unreactive to mixed GDP figures.USTs remain firmer following the strong US 30yr auction, Bunds dip with pressure sparked from unrevised
READ STORYEurope Market Open: Stocks tentative as traders await earnings season and the Chinese MOF update
Mixed APAC trade after hawkish Fed commentary and with the region awaiting the weekend's Chinese MOF update.European futures point to a slightly firmer open, US futures were bid but have since faded.DXY flat with peers mixed but rangebound, NZD outperforms while havens lag.Fixed benchmarks underpinn
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