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Europe Market Open: NFP surprisingly performed the best in another hung French parliament
APAC stocks were mostly lower as the region failed to resume the momentum from last Friday's dovish post-NFP reaction, while the weekend macro news flow was light aside from the French election results.EUR/USD was mildly pressured after the French second-round election results pointed to a hung parl
READ STORYWeek Ahead 7th-12th July: Highlights include US CPI, Powell testimony, BoJ bond meeting, RBNZ and US earnings
Week Ahead 7th-12th July:SUN: French Election (second round)MON: CNB Minutes (June), Eurogroup Informal meeting of Competitiveness Ministers; Japanese Overtime Pay (May), German Trade Data (May), EZ Sentix Index (July), BoI Announcement, US Employment TrendsTUE: BoJ Bond Meeting 9-10, EIA STEO; Aust
READ STORYUS Market Open: DXY slips as GBP & EUR lift, NFP looms
European bourses have been tilting higher with the region benefitting from the removal of some political risk in the UK, Germany & FranceStateside, futures pivoting the unchanged mark into PayrollsFX has seen a slightly softer start for the USD, weighed on by EUR & GBP; USD/JPY slips to near
READ STORYEurope Market Open: UK's Labour Party secured a majority, US NFP looms
APAC stocks traded somewhat mixed in the absence of a lead from the US owing to the Independence Day holiday. There was also a lack of fireworks from the UK election exit polls, with the latest results showing that the Labour Party has won a majority as expected. DXY briefly dipped under
READ STORYEurope Market Open: APAC followed suit to the Wall St. gains into Independence Day
APAC stocks traded mostly higher as the region followed suit to the gains on Wall Street where the S&P 500 and the Nasdaq notched fresh record closes once again heading into US Independence Day.Fed Minutes stated that most saw the current policy stance as restrictive and several participants sai
READ STORYUS Market Open: Europe bolstered by the Wall St. handover heading into a frontloaded US docket
European bourses are higher across the board as the region catches up to the Wall St. handover and continues generally strong APAC performanceDXY under pressure and holding near the 105.59 low with peers generally firmer as the USD continues to feel the weight of Powell's remarks and looks to the me
READ STORYEurope Market Open: Wall St. record closes bolstered APAC trade into a packed session
APAC stocks mostly took impetus from the gains on Wall St where the S&P 500 and Nasdaq posted record closes.European equity futures indicate a firmer open with Euro Stoxx 50 future +0.5% after the cash market closed lower by 0.5% on Tuesday.DXY remains sub-106, EUR/USD has pivoted around the 1.0
READ STORYUS Market Open: Equities pressured, DXY & USTs firmer into Chair Powell
European bourses pressured despite a lack of fresh drivers with US futures softer ahead of Chair PowellDXY firmer and above 106.00, USD/JPY hit another peak of 161.75, EUR unreactive to HICPEGBs slipped incrementally on sticky super-core EZ HICP but remain near the unchanged mark overall, USTs sligh
READ STORYEurope Market Open: Mixed APAC trade with yields influencing, Fed's Powell & ECB's Lagarde due
APAC stocks were ultimately mixed amid the backdrop of rising global yields and recent soft US data.European equity futures indicate a slightly lower open with Euro Stoxx 50 future -0.2% after the cash market closed higher by 0.7% on Monday.DXY is steady and just below the 106 mark, USD/JPY printed
READ STORYUS Market Open: Relief in Europe after the French 1st round has pared somewhat, ISM & Williams due
French Election 1st round saw National Rally make significant gains but the odds of another hung parliament have likely increasedSparking outperformance in French-related assets with OATs, CAC 40 & EUR all supported, though the magnitude of this has trimmed into another week of political uncerta
READ STORYEurope Market Open: EUR & OATs outperform with relief over the potential lack of RN majority
France’s far-right won the first round of the French parliamentary election, according to estimates. However, expectations are mixed over whether they will secure a majority. EUR is the best performing currency across the majors and OATS are firmer by circa 16 ticks and CAC 40 future +1.1%, wit
READ STORYWeek Ahead 1st-5th July: Highlights include French & UK elections, US ISM & NFP, EZ CPI, Minutes from RBA and FOMC
Week Ahead 1st-5th July:SUN: French Parliamentary ElectionMON: Canada Day; Japanese Tankan (Q2), Japanese, Chinese Caixin, EZ, UK & US Manufacturing Final PMI (June), German Prelim. CPI (June), US ISM Manufacturing PMI (June)TUE: RBA Minutes (June), Australian & Canadian Manufacturing PMI Fi
READ STORYUS Market Open: US equity futures bid, USD flat and Bonds subdued post-Presidential debate; US PCE due
Price action in European equities has been choppy, but are ultimately mostly firmer; US futures are modestly firmer ahead of US PCEFrench assets underperform ahead of Sunday’s legislative elections; CAC 40 -0.4%, OATs -31 ticks, OAT-Bund yield spread above 84bpsDollar is flat after initially being b
READ STORYEurope Market Open: APAC stocks mostly higher, DXY marginally benefits from US Presidential debate ahead of US PCE
67% of respondents said Trump won the Presidential debate; 81% of registered voters who watched said it had no effect on their choice, 5% said it made them change their mind, via CNN.APAC stocks mostly higher heading into month-, quarter-, & half-end and following the positive US handover as att
READ STORYUS Market Open: US equity futures modestly softer, MU -5.6% post-earnings, USD slips helping to lift Crude & XAU
European bourses are mixed whilst US futures are modestly in the red; Micron -5.5% after its resultsDollar is slightly softer, Antipodeans outperform & USD/JPY holds around 160.50Bonds are modestly softer in a continuation of the prior day’s lossesCrude & XAU benefit from the softer Dollar,
READ STORYEurope Market Open: APAC stocks pressured after a choppy handover, MU beat but fell afterhours
APAC stocks were negative amid this week's choppy tech performance with headwinds from higher yields.Fed Bank Stress Tests showed all banks passed, which paves the way for higher payouts.European equity futures indicate a lower open with Euro Stoxx 50 future -0.2% after the cash market closed lower
READ STORYUS Market Open: USD/JPY breached 160.00; US equity futures firmer awaiting MU after-hours
European bourses higher across the board following the tech-led upside on Wall St, sectors mostly in the green though Autos lag on VolkswagenUS futures firmer but only modestly so, awaiting Micron earnings after-hours; FedEx and Rivian bid in the pre-marketUSD/JPY breached 160.00; bringing the April
READ STORYEurope Market Open: APAC stocks continued tech-inspired US gains; hot Aussie CPI
APAC stocks followed suit to the mixed performance stateside where tech rebounded as Nvidia snapped its losing streak.European equity futures indicate a firmer open with Euro Stoxx 50 future +0.5% after the cash market closed lower by 0.2% on Tuesday.DXY is caged in a tight range on a 105 handle, AU
READ STORYUS Market Open: NQ leads as NVDA gains pre-market, USD & USTs flat ahead of US supply, data & Fed speak
European bourses are hit following updates from Airbus and Merck; US futures mixed, with the NQ leading as NVDA (+2.2%) finds its footingDollar is flat, with G10 price action also lacklustre in catalyst-thin tradeBonds are contained awaiting impetus from US data and a 2yr auctionCrude is modestly so
READ STORYEurope Market Open: Tech continues to lag with Nvidia closing lower, European futures softer
APAC stocks were mostly positive but with some of the gains capped following the tech underperformance on Wall Street.Nvidia (-6.5%) suffered a third consecutive day of losses and was down 13% from its peak last week.European equity futures indicate a weaker open with Euro Stoxx 50 future -0.3% afte
READ STORYUS Market Open: Sentiment improves with equities on the front foot whilst Dollar slips ahead of Fed speak
Equities are entirely in the green, benefiting from a pick-up in sentiment in the European sessionDollar is softer, EUR is the G10 outperformer, but was initially pressured post-German Ifo, USD/JPY around 159.60Bonds are mixed with USTs contained, whilst Bunds slip to session lowsCrude is incrementa
READ STORYEurope Market Open: APAC stocks subdued, DXY just shy of 106 & Bonds contained ahead of Central Bank speak
APAC stocks were predominantly subdued heading closer to month-end and US PCE data later in the weekDXY rangebound just below 106.00, G10 peers generally contained with JPY subject to fresh jawboningFixed income contained into today's German data and ECB speak; JGB futures softerCrude lacklustre wit
READ STORYWeek Ahead 24-28th June: Highlights include US PCE, BoJ SOO, Canadian and Australian CPI, Riksbank and CBRT previews and the Biden/Trump debate
MON: BoJ Summary of Opinions, German Ifo Survey (Jun), German Import Prices (May)TUE: Japanese Services PPI (May), Canadian CPI (May), UK GDP (Q1)WED: Australian CPI (May), German GfK Consumer SentimentTHU: Biden/Trump debate on CNN, Riksbank Announcement, CBRT Announcement, CNB Announcement, Europe
READ STORYUS Market Open: Subdued risk tone following downbeat EZ PMIs with equities softer & bonds bid
Equities are subdued amid a broader risk aversion following the downbeat EZ PMI dataFrance, Germany and the EZ-wide figure all reported lower-than-expected PMI data, which has led to outperformance in Bunds and slight pressure in the EURDollar is incrementally firmer, USD/JPY went as high as 159.12
READ STORYEurope Market Open: Lacklustre handover with tech underperformance, USD/JPY eclipsed 159.00
APAC stocks were mostly rangebound with sentiment subdued after the lacklustre handover from Wall St where tech underperformed, and risk appetite was sapped.DXY took a breather but held on to the prior day's spoils after strengthening on firmer yields despite soft data; USD/JPY briefly rose above 15
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