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US Market Open: Equities in the green, CHF slips post-SNB and GBP softer ahead of the BoE; Fed speak due
Equities in the green and Tech leads in Europe; NQ outperforms, lifted by pre-market gains in NVDA +2.7%Dollar is firmer, CHF sinks after the SNB cut rates by 25bps, GBP slightly softer ahead of the BoEBonds are softer, Bunds initially lifted post-SNB but has since pared, French auction passes witho
READ STORYEurope Market Open: Rangebound start to a packed day of Central Bank action
APAC stocks were subdued in rangebound trade amid a lack of catalysts and following the US holiday lull.European equity futures indicate a firmer open with Euro Stoxx 50 future up 0.3% after the cash market closed higher by 0.7% on Wednesday.DXY is steady on a 105 handle with FX markets broadly cont
READ STORYEurope Market Open: APAC stocks mostly firmer, DXY & Crude contained; UK CPI due
US stocks inched higher in rangebound trade, APAC stocks mainly positive with Hang Seng outperformanceEuropean futures point to a contained open, after the cash market closed higher by circa. 0.7%DXY contained after the deluge of Fed remarks, peers rangeboundCrude and spot gold largely sideways whil
READ STORYUS Market Open: US equity futures are mixed, Dollar is firmer & AUD benefits post-RBA; US Retail Sales due
European bourses are entirely in the green whilst US futures are mixedDollar is firmer, AUD gains post-RBA and USD/JPY holds above 158.00Softer session for fixed thus far, Bunds initially boosted by ZEW but slipped on a poor German outingCrude is slightly softer, hampered by the softer Dollar; XAU c
READ STORYEurope Market Open: APAC stocks benefit from a strong US close, DXY flat & AUD unreactive to RBA
APAC stocks took impetus from the gains in the US where the S&P 500 and the Nasdaq notched record highsDXY steady, AUD unreactive to RBA while the JPY was unphased by UedaRBA rate decision where the central bank kept rates unchanged and reiterated the Board remains resolute in its determination
READ STORYUS Market Open: US equity futures tentative, Dollar flat & Antipodeans lag after mixed Chinese data
European bourses are mostly firmer paring some of Friday’s pronounced downside, US futures are trading tentativelyDollar is flat, Antipodeans lag after weaker than expected Chinese industrial dataBonds are subdued paring recent EU political-induced upside on Friday, as participants digest ECB source
READ STORYEurope Market Open: APAC stocks hampered by soft Chinese data ahead of a slew of ECB speakers
US stocks were mixed and the major indices finished off their worst levels seen early in the session alongside the broad risk-averse conditionsAPAC stocks were mostly negative as markets reflected on the latest soft Chinese data releases; European futures point to a firmer openDXY steady around 105.
READ STORYNewsquawk Week Ahead: Highlights include PBoC MLF/LPR, Chinese Activity Data, RBA, US Retail Sales, UK Inflation, BoE, SNB, Norges, Japanese CPI, Flash PMIs
MON: PBoC MLF, Chinese Activity Data (May), EZ Wages and Labour Costs (Q1)TUE: RBA Announcement, NBH Announcement, EZ Final CPI (May), German ZEW Survey (Jun), US Retail Sales (May), Japanese Trade Balance (May)WED: BoC Minutes, BCB Announcement, UK Inflation (May), New Zealand GDP (Q1)THU: BoE Anno
READ STORYUS Market Open: Political uncertainty in Europe hits sentiment, JPY initially slipped post-BoJ but now flat
European bourses are entirely in the red, with sentiment hampered by ongoing political angst in the EU; US futures are also lower, RTY underperformsDXY is bid, benefitting from the subdued EUR which dips below 1.07 and a weak JPY post-BoJThe BoJ kept rates unchanged but defied expectations for an im
READ STORYEurope Market Open: BoJ to decide on bond buying reduction plans in July, ECB & Fed speak ahead
APAC stocks were mostly subdued after the mixed performance stateside where soft data took centre stage, while participants turned their attention to the BoJ policy announcement. The BoJ maintained rates as expected but defied expectations for an immediate reduction of bond purchases, instead,
READ STORYUS Market Open: DXY slightly higher & Bonds tick lower post-FOMC & ahead of US PPI; NQ outperforms
Downbeat session for European equities whilst US futures are mixed, with NQ outperforming, propped up by pre-market gains in Tesla, Broadcom and NvidiaDollar is firmer, EUR continues to test 1.08 to the downside and the JPY is the marginal underperformerBonds are slightly softer as participants dige
READ STORYEurope Market Open: Stocks seen opening slightly softer after hawkish Fed dots
APAC stocks were somewhat mixed following the key developments stateside where the S&P 500 and Nasdaq extended to fresh record levels following the softer-than-expected US CPI but despite the hawkish Fed dot plots. Fed kept rates unchanged at 5.25-5.50%, as expected with the vote unanimous,
READ STORYUS Market Open: Price action tentative ahead of today's key US CPI & FOMC announcement
European bourses are modestly firmer, trimming this week’s recent losses; price action tentative ahead of today’s US CPI and FOMCDXY is flat, G10s modestly gain vs the Dollar though the JPY dips slightlyUSTs are flat and at highs, Bunds/Gilts both move higher with the latter also factoring in the in
READ STORYEurope Market Open: Softer than expected Chinese CPI into US CPI & the FOMC
APAC stocks were mostly subdued after the mixed handover from US peers as markets braced for the incoming US CPI data and the FOMC announcement.Chinese inflation data saw softer-than-expected CPI and a narrower deflation in factory gate prices but with little follow-through to markets.Israel said it
READ STORYUS Market Open: Equities pressured, Gilts bid post-UK jobs & USD gains; ECB speak due
Equities are modestly in the red, in a continuation of the downbeat mood seen in APAC trade overnightDollar is incrementally firmer, EUR continues to slip and GBP is slightly softer following the UK’s job data which saw an unexpected uptick in the unemployment rateBonds are in the green, attempting
READ STORYEurope Market Open: Negative bias in APAC after the choppy performance stateside; S&P 500 and Nasdaq notched fresh record closes
APAC stocks traded with a negative bias after the choppy performance stateside; S&P 500 and Nasdaq notched fresh record closes. Apple closed down 1.9% after its WWDC event failed to ignite enthusiasm; announced an integration of ChatGPT.European equity futures indicate a mildly po
READ STORYUS Market Open: European assets hit by EU election results, USD continues post-NFP gains
European bourses are entirely in the red, with sentiment hit amid political uncertainty in Europe whereby the centre-right strengthened its majority although the far-right made gains; US equity futures are marginally softer, with the RTY underperformingDollar is firmer in a continuation of post-NFP
READ STORYEurope Market Open: APAC stocks began mixed in what was a holiday-thinned start to the week ahead of macro risk events
APAC stocks began mixed in what was a holiday-thinned start to the week with markets in Australia, China, Hong Kong and Taiwan all closed.EUR slides as results in the European Parliament elections prompted Macron to dissolve the French parliament and announce a snap election.European equity fut
READ STORYWeek Ahead 10-14th June: Highlights include US CPI, FOMC, BoJ and China inflation
Week Ahead 10-14th June:MON: Japanese GDP Revised (Q1), Norwegian CPI (May), EZ Sentix Index (Jun), US Employment Trends (May)TUE: EIA STEO, OPEC MOMR, UK Jobs Report (Apr)WED: FOMC Announcement & Press Conference, IEA OMR, Chinese Inflation (May), German Final CPI (May), UK GDP (Apr), US CPI (M
READ STORYUS Market Open: European equities slip, Gold slips as China maintains gold reserves, USD flat ahead of US NFP
European equities are entirely in the red and at session lows; US futures trade tentatively ahead of US NFPDollar is flat alongside G10 peers as markets await key employment dataUSTs trade within a contained range, Bunds are softer post-German data and unreactive to a slew of ECB speakers who mainly
READ STORYEurope Market Open: Tentative trade across the markets ahead of today's US Employment report; ECB's Schnabel due
APAC stocks traded mixed in cautious and tentative trade and macro newsflow on the quieter side ahead of the US jobs reportEuropean equity futures are indicative of a flat open with the Euro Stoxx 50 future unchanged after cash closed +0.7% on ThursdayDXY traded flat in a narrow range, EUR & GBP
READ STORYUS Market Open: US equity futures are mixed & EUR slightly higher ahead of the ECB policy announcement
European bourses extend gains; US futures are mixed, RTY underperformsDollar is flat and EUR incrementally gains ahead of today’s ECB policy announcementBonds are slightly softer, giving back some of this week’s advancesCrude is now around flat after trading higher for much of the morning, XAU/base
READ STORYEurope Market Open: SPX & NDX hit record highs and NVDA joins USD 3tln market cap club; ECB due
SPX and NDX closed at record highs whilst NVIDIA joined the USD 3tln market cap club and overtook Apple as the second-largest US company.APAC stocks traded mostly firmer as the region largely took its cue from the positive lead on Wall Street, while South Korean markets were closed due to the Memori
READ STORYUS Market Open: Equities on a firmer footing, DXY gains & USD/JPY back to 156; US ISM Services due
European bourses extend gains with Tech leading; US futures are modestly firmerDollar is incrementally higher, JPY gives back recent strength with USD/JPY now above 156.00Bonds are incrementally softer and unreactive to EZ Final PMIsCrude is modestly firmer in what has been a choppy session, XAU gai
READ STORYEurope Market Open: Mixed/cautious trade ahead of US data & the BoC
APAC stocks traded mixed as the cautious mood from Wall Street reverberated into Asia-Pacific, with macro newsflow overnight on the lighter side; Tokyo underperformed.DXY was caged in a tight range as traders look ahead to the US ISM Services data for impetus following Monday's dovish Manufacturing
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