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US Market Open: DXY flat whilst JPY gains, US equity futures mixed ahead of key Alphabet and Tesla earnings
European bourses are mostly higher whilst US futures are mixed, with underperformance in the NQ following poor NXP (-9%) earnings.Dollar is softer vs the JPY but firmer vs other peers, USD/JPY as low as 155.83.USTs are caged within a tight range, Bunds are slightly firmer and surpasses 132.00 whilst
READ STORYEurope Market Open: APAC stocks were mixed and only partially sustained the momentum from the tech-led rebound on Wall St.
APAC stocks were mixed and only partially sustained the momentum from the tech-led rebound on Wall St.US VP Harris's campaign secured enough delegates to attain the Democratic Presidential nomination.European equity futures indicate a mildly higher open with Euro Stoxx 50 futures up 0.2% after the c
READ STORYUS Market Open: Dollar & USTs unreactive to Biden dropping out of the election race; European equities soar
European equities are entirely in the green and reside near session highs; US futures are modestly firmer with slight outperformance in the NQ.US President Biden has dropped out of the Presidential race and endorsed VP Harris.Dollar is flat, JPY outperforms after catching a bid in early European tra
READ STORYEurope Market Open: Biden drops out of the presidential race; APAC stocks mostly began the week on the back foot
US President Biden has dropped out of the Presidential race and endorsed VP HarrisPBoC surprised markets by cutting its 7-day reverse repo rate by 10bpsAPAC stocks mostly began the week on the back foot after last Friday's selling pressure on Wall StEuropean equity futures indicate a higher ope
READ STORYNewsquawk Week Ahead: Highlights include US PCE, BoC, PBoC LPR, PMI’s and Tokyo CPI
Week Ahead 22nd-26th July:MON: PBoC LPRTUE: NBH Policy Announcement; US Existing Home Sales (Jun), Richmond Fed (Jul), EZ Consumer Confidence Flash (Jul)WED: BoC Policy Announcement & MPR; Japanese Flash PMIs (Jul), German GfK (Aug), EZ, UK & US Flash PMIs (Jul)THU: CBR Announcement, CBRT An
READ STORYUS Market Open: Major worldwide IT outages sparked by updates at CrowdStrike -14% weighs on sentiment
Equities are entirely in the red, with sentiment hit amid ongoing worldwide IT outages, sparked by CrowdStrike (-14%) updates, which have impacted Microsoft (-2.2%) and Nvidia (-1%) services.Dollar is firmer, G10s are mostly lower, with slight underperformance in the Antipodeans given the risk tone,
READ STORYEurope Market Open: APAC stocks continued to slip, ECB sources suggests hawks are open to Sept cut
APAC stocks mostly followed suit to the losses on Wall St where sentiment was dampened and the Trump trade was seen in play as President Biden's re-election chances dwindled further.Chinese senior party official for economic affairs said China's economic recovery is not strong enough and needs to im
READ STORYUS Market Open: Strong TSMC results helps to lift the NQ, USD firmer as attention turns to the ECB and US data
European equities are choppy, Tech is lower in Europe and fails to benefit from strong TSMC earnings & guidance, but has helped to lift the NQDollar is firmer, AUD benefits on the region’s jobs data, GBP back below 1.30 post-wagesBonds are pressured ahead of the ECB; Bunds saw two-way action aro
READ STORYEurope Market Open: APAC slumped as Wednesday's tech rout continued; ECB ahead
APAC stocks followed suit to the tech rout stateside owing to the recent rotation play, concerns of China tech curbs and tariff fears.European equity futures indicate a slightly softer open with Euro Stoxx 50 futures down 0.1% after the cash market finished lower by 1.1% on Wednesday.DXY remains on
READ STORYUS Market Open: ASML earnings hit the Tech-heavy NQ, DXY slips as JPY surges & GBP breaches 1.30
European equities almost entirely in the red with sentiment hit following ASML earnings; results which has led to significant NQ weaknessDollar is weaker and slips to 103.70, carry trade unwinding seen with significant strength in JPY & CHF, GBP climbs past 1.30Fixed complex is rangebound, with
READ STORYEurope Market Open: China trade frictions and tariff threats clouded APAC trade, UK CPI due
APAC stocks were mixed despite the positive handover from Wall St, while China trade frictions and tariff threats clouded over Asia-Pac sentiment.NZD/USD was ultimately boosted despite the softer-than-expected New Zealand CPI data for Q2 as the attention turned to the 5.4% surge in non-tradeable con
READ STORYUS Market Open: RTY continues to outperform, DXY flat & Crude at lows ahead of US Retail Sales
European equities are entirely in the red; US futures gain, and with clear outperformance in the RTYUSD gains vs NZD, AUD & JPY, EUR/USD reclaims 1.09 and USD/JPY holds around 158.40Bonds are higher following Fed Chair Powell's comments and with yields unwinding some of their Trump-induced steep
READ STORYEurope Market Open: Fed Chair Powell acknowledged more inflation progress
APAC stocks were mixed amid a quiet calendar and after the choppy but positive performance stateside.Fed Chair Powell acknowledged more inflation progress and that recent inflation readings added confidence in inflation falling.European equity futures indicate a softer open with Euro Stoxx 50 future
READ STORYUS Market Open: Initial strength in the USD sparked by the Trump assassination attempt fades, RTY outperforms & BTC > 62K
European bourses are mostly lower, but sentiment has improved in recent trade; Burberry -15% and Swatch -10% both warn on China weakness; US equity futures gainDollar is subdued but still holds just above 104.00, EUR/USD at 1.09 & the Kiwi lagsBonds were initially subdued in reaction to the assa
READ STORYEurope Market Open: Mixed trade as participants digested data & the Trump assassination attempt
APAC stocks traded mixed as participants reflected on the Trump assassination attempt over the weekend and a slew of Chinese data.Chinese GDP and Retail Sales missed forecasts, while House Prices further deteriorated but Industrial Production topped estimates.European equity futures indicate a
READ STORYWeek Ahead 15th-19th July: Highlights include US & UK Retail Sales, Japan, NZ, UK and Canada inflation, and the ECB Policy Announcement
Week Ahead 15th-19th July:MON: Republican Convention, Holiday: Japanese Marine Day, Eurogroup Meeting, Eurogroup Informal meeting of Energy Ministers; Chinese GDP (Q2), Industrial Output/Retail Sales (Jun), Swiss PPI (Jun), US NY Fed Manufacturing (Jul), EZ Industrial Production (Jun); China's Third
READ STORYUS Market Open: RTY continues to outperform, Dollar is flat & Bonds slightly pare recent gains; US PPI due
European bourses are entirely in the green, US futures are mixed with the ES and NQ flat whilst the RTY continues to outperformDollar is flat having erased earlier gains, USD/JPY back below 160 after choppy trade overnightBonds are pressured giving back some of the post-CPI strengthCrude is firmer a
READ STORYEurope Market Open: Volatile USD/JPY action, DXY found slight reprieve; US bank earnings due
APAC stocks took their cues from the mixed performance stateside where softer-than-expected CPI data boosted Fed rate cut bets and spurred a stock rotation out of large-cap tech into small-cap cyclicals.DXY found some slight reprieve following yesterday's selling, USD/JPY swung between gains and los
READ STORYUS Market Open: European bourses advance, DXY slightly lower & USTs flat ahead of key US CPI; Fed's Bostic & Musalem due
European bourses are entirely in the green whilst US futures take a breather from the prior day’s advancesDollar is incrementally softer, GBP benefits from the region’s strong GDP metricsBonds are flat/lower, with Treasuries standing pat as focus remains on US CPI, Gilts marginally underperformCrude
READ STORYEurope Market Open: Another set of record highs stateside ahead of US CPI
APAC stocks took impetus from Wall St where the S&P 500 and Nasdaq rose to fresh record highs once again.European equity futures indicate a mildly positive open with Euro Stoxx 50 future +0.2% after the cash market closed up by 1.1% on Wednesday.DXY sits just below the 105 mark, antipodeans lead
READ STORYUS Market Open: Equities on a firmer footing alongside strength in Bonds, USD flat & NZD sinks post-RBNZ
Equities are entirely in the green and hold near session highsDollar is flat and just above 105, NZD underperforms after the RBNZ kept rates unchanged but language struck a less hawkish toneBonds are firmer ahead of US 10yr supply and another appearance from Chair PowellCrude was initially subdued f
READ STORYEurope Market Open: RBNZ unchanged with language less hawkish, DXY rangebound & APAC trade mixed
APAC stocks were mixed following the indecisive performance stateside where the major indices finished rangebound after Fed Chair Powell largely stuck to the script.DXY traded rangebound, USD/JPY continued its gradual upward trend, NZD was pressured after RBNZ, and CNY did not react to softer-than-e
READ STORYUS Market Open: US equity futures firmer, DXY flat & Crude subdued ahead of Fed Chair Powell's testimony
European equities are mostly lower, US futures are modestly in the green ahead of Fed Chair Powell’s testimonyDollar is flat and G10s are uneventful vs the Dollar, though the Kiwi lagsBonds are lower, with focus today on Fed Chair Powell and US 3yr supplyCrude is subdued and near session lows, XAU n
READ STORYEurope Market Open: US handover only partially sustained in APAC trade, Powell ahead
APAC stocks were mixed as the region only partially sustained the positive mood seen in the US where the S&P 500 and Nasdaq 100 extended on record highs.European equity futures indicate a lower open with Euro Stoxx 50 future -0.2% after the cash market closed down by 0.2% on Monday.DXY lingers a
READ STORYUS Market Open: European equities shrug off initial French-induced weakness, DXY flat & Crude at lows
European bourses are entirely in the green, paring initial losses as markets digest the fallout from the French second-round parliamentary electionFrench second-round election results pointed to a hung parliament in which the left-wing New Popular Front surprisingly won the most seats followed by Ma
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