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Europe Market Open: Ultimately mixed trade pre-Powell, USD/JPY below 146.00 as Ueda speaks
APAC stocks were ultimately mixed amid cautiousness as braced for a slew of global central bank rhetoric including Fed Chair Powell's speech at the Jackson Hole Symposium.Fed's Collins (2025 voter) said the timing seems appropriate to begin easing monetary policy and policy is well-positioned, while
READ STORYUS Market Open: Equities gain modestly, Bonds hampered following EZ PMI metrics & GBP benefits on its own results
European bourses are mostly firmer across the board; US futures gain incrementallyDollar is trivially higher, GBP outperforms following stronger than expected PMI metricsBonds are lower following the generally better than expected PMI releases, particularly in France the EZ and the UK; Germany conti
READ STORYEurope Market Open: FOMC Minutes support a September cut; Jackson Hole begins
APAC stocks traded with a mild positive bias after the gains on Wall St where a downward payrolls revision and the FOMC Minutes further supported the consensus for a September Fed rate cut.FOMC Minutes from the July meeting continued to point to a September move as a vast majority of participants sa
READ STORYUS Market Open: Equities flat/firmer, Dollar gains & JPY underperforms; US Payroll Revisions & FOMC Minutes due
European bourses are mostly modestly firmer; US futures rangebound ahead of US Payroll Revisions and the FOMC MinutesDollar is incrementally firmer, JPY is the clear underperformer with USD/JPY around 146.00Bonds are flat with traders mindful of today’s key risk eventsCrude is flat, XAU is rangeboun
READ STORYEurope Market Open: Geopols in focus with a deal reportedly close to collapsing; JPY marginally lags
APAC stocks were subdued following the lacklustre performance stateside where the major indices finished with mild losses.European equity futures indicate a marginally positive open with Euro Stoxx 50 future up 0.2% after the cash market finished with losses of 0.2% on Tuesday.DXY remains on a 101 h
READ STORYUS Market Open: Equities take a breather following the prior day's strength, DXY flat & XAU makes a fresh ATH; Fed speak due
European equities are mostly, but modestly firmer (ex-FTSE 100); US futures are flatDollar is flat, NZD outperforms and USD/JPY back to 146.50Bonds are incrementally firmer, Bunds dipped slightly on German Producer Prices but then edged higher as the morning progressedCrude is lower in a continuatio
READ STORYEurope Market Open: JPY has given back some strength, Cable yet to breach 1.30, DXY still sub-102.00
APAC stocks traded mixed and only partially took impetus from the tech-led gains stateside amid a lack of major macro drivers.European equity futures indicate a slightly positive open with Euro Stoxx 50 future up 0.1% after the cash market finished with gains of 0.6% on Monday.DXY remains sub-102, J
READ STORYUS Market Open: Equities are mixed, DXY as low as 102.00, JPY bid & Crude lower; Fed's Waller due
Equities are mixed and struggling to find clear direction in catalyst thin tradeDollar is lower, JPY sees significant strength as USD/JPY holds around 146.00Bonds are firmer to varying degrees, Bunds lead as Germany reaches a deal regarding its 2025 budgetCrude is lower and resides near session lows
READ STORYEurope Market Open: Hamas rejected the latest ceasefire proposal, Fed's Daly & Goolsbee featured
APAC stocks were mixed with a somewhat cautious tone amid geopolitical uncertainty after Hamas rejected the latest ceasefire proposal.Fed’s Daly (voter) said it is time to consider adjusting rates from their current level, Goolsbee (non-voter) said inflation and the labour market are cooling fa
READ STORYWeek Ahead August 19-23rd: Highlights include Jackson Hole, FOMC Minutes, ECB Minutes, Canadian and Japanese CPI, and Flash PMI data
19th-23rd August 2024:MON: US Democratic National Convention (Aug 19-22), Bank of Indonesia Announcement, New Zealand Trade Balance (Jul)TUE: US Democratic National Convention (Aug 19-22), PBoC LPR, RBA Minutes, Riksbank Announcement, CBRT Announcement, EZ Final CPI (Jul), Canadian CPI (Jul)WED: US
READ STORYUS Market Open: Equities on the front foot, USD lower & Crude slips on Libya's Waha updates
Equities are modestly firmer, ex-FTSE 100, in a continuation of the optimism seen in the prior sessionDollar is softer vs peers, Kiwi outperforms and USD/JPY holds around 148.70USTs are contained, but off worst levels, Gilts fairly unreactive to its own Retail Sales, holding just shy of 100.00Crude
READ STORYEurope Market Open: Wall St. rally continued into APAC trade, geopols. in focus
APAC stocks followed suit to the rally on Wall St after a US data deluge soothed recent economic concerns.DXY marginally eased back beneath the 103.00 level after recently strengthening alongside the data deluge stateside.Israel will be on maximum readiness for a response from Hezbollah this weekend
READ STORYUS Market Open: US equity futures are mixed & DXY flat ahead of US IJC/Retail Sales, AUD bid post-jobs data
European bourses are modestly firmer; US futures are mixed ahead of today’s jobless claims and retail salesDollar is flat and AUD outperforms post-jobs dataBonds are modestly lower, with slight underperformance in Gilts while USTs are contained into dataCrude is modestly firmer, XAU gains alongside
READ STORYEurope Market Open: Bostic is open to a September cut; mixed Chinese activity data
APAC stocks shrugged off the mixed lead from the US and gained as participants digested a slew of key data; Nikkei 225 was among the biggest gainers after GDP data topped forecasts.Chinese activity data was mixed as industrial production disappointed but retail sales topped forecasts; China's stats
READ STORYUS Market Open: US equity futures trade tentatively & DXY below 102.50 ahead of US CPI, Kiwi underperforms post-RBNZ
European equities are entirely in the green, US futures are mixed with price action tentative ahead of today’s US inflation reportDXY is mixed, EUR climbs above 1.10, Kiwi is the clear underperformer after the RBNZ cut by 25bps, with projections pointing towards further easingUSTs are essentially un
READ STORYEurope Market Open: NZD lags after the RBNZ cut, JPY unaffected by Kishida, US CPI ahead
APAC stocks only partially sustained the momentum from Wall St where risk sentiment was underpinned by softer-than-expected PPI data.RBNZ cut the OCR by 25bps to 5.25% (vs. mixed views between a cut and a hold); projections point to a further reduction this year.Japanese PM Kishida confirmed he won'
READ STORYUS Market Open: US equity futures firmer, Antipodeans lead whilst havens lag, GBP gains post-jobs data; US PPI due
A choppy session for European equities thus far, now currently modestly higher; US equity futures entirely in the greenDollar is softer vs the Antipodeans but gains vs the typical havens, GBP benefits post-jobs dataUSTs are flat awaiting today’s US PPI, Bunds benefit from dire German ZEW metricsCrud
READ STORYEurope Market Open: APAC followed the mixed Wall St. lead into key data
APAC stocks followed suit to the mixed lead from the US ahead of key data.European equity futures indicate a firmer open with the Euro Stoxx 50 future up 0.3% after the cash market finished with losses of 0.1% on Monday.DXY is steady just above 103, havens lag vs. the USD, whilst risk currencies&nbs
READ STORYUS Market Open: Equities modestly firmer amid the positive risk tone, which has helped to lift Antipodeans; Crude gains as geopols take focus
Equities are mostly, but modestly firmer, taking positive leads from a constructive APAC session.Dollar is flat, Antipodeans outperform whilst traditional haven FX lags.Bonds are incrementally softer and have traded sideways for much of the session.Crude outperforms amid the heightened geopolitical
READ STORYEurope Market Open: APAC stocks mostly higher, JPY & CHF slightly softer as risk-tone improves
APAC stocks began the week mostly higher following last Friday's gains on Wall St and light macro newsflow over the weekend; Japanese markets were closed for Mountain Day.European equity futures indicate a firmer open with Euro Stoxx 50 futures up 0.5% after the cash market finished with gains of 0.
READ STORYWeek Ahead: Highlights include US CPI and Retail Sales; UK CPI, Jobs and Retail Sales; Aussie Jobs; RBNZ; China activity data and Japan GDP
12th-16th August 2024MON: OPEC Monthly Oil Market Report; Japanese Market Holiday (Mountain Day), German Retail Sales (May), Indian Trade Balance (Jul)TUE: IEA Oil Market Report, Australian Wage Price Index (Q2), UK Jobs (Jun/Jul), German ZEW Survey (Aug), US PPI (Jul)WED: RBNZ Announcement and Quar
READ STORYUS Market Open: Generally contained trade with macro drivers light, CAD jobs ahead
European bourses & US futures firmer with newsflow light and the move a continuation of Thursday's data-driven upsideDXY slightly softer but holding firmly above 103.00 with G10s generally rangeboundFixed bid but in familiar territory, USTs have recovered from supply-induced pressure on Thursday
READ STORYEurope Market Open: Wall St. strength continued into APAC trade, crude firmer, DXY softer
APAC stocks took impetus from the relief rally on Wall St where sentiment was underpinned after a larger-than-expected decline in Initial Jobless Claims soothed some of the recent labour market concerns.DXY marginally softened in rangebound trade but remained above 103.00; 10-year UST futures nursed
READ STORYUS Market Open: Bourses lower across the board, DXY above 103.00, fixed bid; US 30yr due
European bourses are lower across the board, Euro Stoxx 50 -1.2%, as the downbeat sentiment from Wall St. reverberated into APAC trade and continued.DXY softer with catalysts light, G10s largely contained though the AUD outperforms after RBA commentaryFixed benchmarks bid, but largely rangebound, in
READ STORYEurope Market Open: Energy prices in focus amid the Ukrainian offensive, geopols. intensify
APAC stocks traded mixed after the weak handover from Wall St where the major indices fumbled early gains and finished in the red amid soft earnings and geopolitical risks.RBI kept the Repurchase Rate unchanged at 6.50%, as expected, while it maintained the stance of remaining focused on the withdra
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