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Week Ahead 1-5th April: Highlights include US NFP, ISMs, EZ & Swiss CPI, Minutes from ECB & RBA
Week Ahead 1-5th AprilMON: BoJ Tankan Survey (Q1), South Korea Prelim Trade Balance (Mar), Chinese Caixin Manufacturing PMI Final (Mar), US ISM Manufacturing PMI (Mar), US S&P Global Manufacturing PMI Final (Mar)TUE: RBA Minutes (Mar), CNB Minutes (Mar), South Korean CPI (Mar), EZ/UK Manufacturi
READ STORYUS Market Open: Stateside equity futures softer, Dollar bid post-Waller though Crude & XAU remains resilient; US IJC due
European bourses hold a positive bias whilst Stateside futures are subdued ahead of a busy docketDollar bid acting as a drag on G10 peers, Antipodeans lagBonds are lower in a continuation of post-Waller price actionCrude and XAU remains in the green despite the stronger Dollar as geopols remain in f
READ STORYEurope Market Open: Fed's Waller & BoE's Haskel said there is no rush to cut
APAC stocks partially sustained the momentum from the late ramp-up on Wall St heading into quarter-end.Fed's Waller said still no rush to cut rates and the Fed may need to maintain the current rate target for longer than expected.European equity futures indicate a positive open with the Euro Stoxx 5
READ STORYUS Market Open: Equities firmer, JPY bid after a BoJ/MoF/FSA meeting and Crude lower; Fed's Waller due
European bourses are mixed whilst Stateside futures are entirely in the greenDollar is flat, JPY higher after a BoJ/MoF/FSA meeting which only resulted in further jawboning from Top Currency Diplomat KandaBonds mixed though price action has been contained; Bunds rose incrementally on Spanish CPI, up
READ STORYEurope Market Open: Mixed/subdued trade into quarter-end; data, speakers & supply due
APAC stocks traded mixed after the subdued handover from Wall St heading into quarter-end and Easter.European equity futures indicate a slightly softer open with the Euro Stoxx 50 future -0.1% after the cash market closed up 0.4% on Tuesday.DXY is a touch firmer on a 104 handle, USD/JPY printed a fr
READ STORYUS Market Open: Equities mostly firmer, Dollar lower and Gilts outperform after BoE's Mann; US Durable Goods due
European bourses are mixed though have been edging higher, taking impetus from strength in US equity futuresDollar is weaker, NZD benefits from a softer AUD/NZD crossBonds incrementally firmer and Gilts outperform after BoE’s MannCrude is modestly softer, XAU higher and near session highsLooking ahe
READ STORYEurope Market Open: Choppy but contained action ahead of supply & ECB's Lane
APAC stocks were choppy after a similarly subdued handover from Wall St.European equity futures indicate a contained open with the Euro Stoxx 50 future flat after the cash market closed up 0.3% on Monday.FX markets are steady, DXY holds above 104, PBoC delivered another firmer-than-expected CNY fix.
READ STORYUS Market Open: Equities modestly softer, Antipodeans benefit from a stronger CNH, Crude bid; Central bank speak due
Equities mostly and modestly lower, following on from a downbeat session in China/Japan overnightDollar is flat, Antipodeans modestly firmer benefitting from a stronger YuanBonds are incrementally softer ahead of a 2yr US auctionCrude is firmer, whilst base metals are entirely in the red hampered by
READ STORYEurope Market Open: Lack of drivers left APAC performance mixed; Central Bank speakers ahead
APAC stocks traded mixed amid a lack of major macro drivers heading into month-end and a slew of data releases.Fed’s Bostic (voter) adjusted his projection to one rate cut this year and at a later start vs. previous view of two cuts.European equity futures indicate a flat open with the Euro Stoxx 50
READ STORYWeek Ahead Preview - highlights include US PCE, Aus CPI, Riksbank
MON: US Building Permits (Feb), UK GDP (Q4).TUE: US Durable Goods (Feb), US Richmond Fed (Mar).WED: Riksbank Announcement (MPR), SARB Policy Decision; Australian CPI (Feb), Spanish Flash CPI (Mar), EZ Sentiment Survey (Mar).THU: BoJ SOO (Mar), Scandinavian Holiday (Holy Thursday); German Retail Sale
READ STORYUS Market Open: Equities modestly firmer, DXY lifted by broader G10 weakness and Bonds higher; ECB & Fed speak due
Equities are modestly firmer; European sports retailers are hit post-Nike earningsDollar bid, largely a factor of broader G10 weakness, Antipodeans underperform following the glum mood in China overnightBonds continue their dovish price action, and little changed following positive German IfoCrude i
READ STORYEurope Market Open: Mixed APAC trade as Wall St. momentum waned; Central Bank speak ahead
APAC stocks were ultimately mixed after momentum from the fresh record highs on Wall Street waned, Hang Seng and Shanghai Comp. suffered.DXY extends on gains above 104.00 after recent firm US data and pressure in Asia-Pac counterparts, USD/JPY traded indecisively.The latest Japanese CPI data was mos
READ STORYUS Market Open: Equities climb higher, AUD bid post-jobs data & Bonds benefit from EZ PMIs; US IJC due
Equities firmer in a continuation of the post-Fed rally; European bourses off best after EZ PMIsDollar stronger, AUD bid post-jobs data and CHF lower after SNB cut rates by 25bpsBonds higher taking impetus from the poor French PMI and dire accompanying German commentaryCrude pares initial gains, bas
READ STORYEurope Market Open: FOMC reaffirmed their 2024 cut projection; BoE, SNB & PMIs ahead
Fed kept rates unchanged and reaffirmed its 2024 three rate cuts projection, 2025 and 2026 FFR forecast raised.Powell noted that January/February CPI and PCE data was quite high, but there are reasons to believe there were seasonal factors at play.APAC stocks were mostly underpinned after the fresh
READ STORYUS Market Open: Equities softer, DXY firmer benefiting from a weaker Yen, Bonds bullish post-UK CPI; FOMC due
European equities are mostly lower, with the CAC 40 dragged down by Luxury names after Kering issued a profit warning; US equity futures modestly softerDXY firmer, taking impetus from the weaker Yen; USD/JPY above 151.70Bonds hold a bullish bias following softer UK CPI, as attention turns to the FOM
READ STORYEurope Market Open: Cautious trade into the FOMC; Kering issued a profit warning
APAC stocks traded cautiously and mostly rangebound ahead of the FOMC and with Japanese markets closed.European equity futures indicate a lower open with the Euro Stoxx 50 future -0.4% after the cash market closed up 0.5% on Tuesday.In the luxury sector, Kering has warned of a 20% plunge in Q1
READ STORYUS Market Open: Equities mixed, Dollar bid & JPY lower post-BoJ hike; US 20yr supply due
European bourses are mixed; US equity futures are lower, RTY underperformsBoJ carried out a widely telegraphed and dovish exit from NIRP, YCC and ETF/J-REIT buying; RBA U/C, dovish tweak to guidanceDollar is firmer and trades around 104.00, JPY underperforms post-BoJ, AUD pressured post-RBABonds inc
READ STORYEurope Market Open: BoJ undertook a dovish exit from NIRP, RBA unch.; USD/JPY back above 150.00
APAC stocks traded mixed as markets digested the first of this week's central bank announcements.BoJ carried out a widely telegraphed and dovish exit from NIRP, YCC and ETF/J-REIT buying.RBA kept rates unchanged whilst providing a dovish tweak to its guidance on rates.JPY and AUD lag peers post-rate
READ STORYUS Market Open: Equities firmer amid the constructive risk tone, JPY softer and Crude bid as geopols remains in focus
Equities are in the green amid a constructive risk tone; Nvidia gains pre-market ahead of its GTCDollar is flat, JPY is modestly softer and back on a 149 handle ahead of BoJ on TuesdayBonds are incrementally weaker, though with price action containedCrude is firmer following constructive Chinese act
READ STORYEurope Market Open: China data beat exp., DXY rangebound into a blockbuster week
APAC stocks were somewhat mixed as participants brace for this week's busy slate of central bank announcements.China released better-than-expected Industrial Production and Retail Sales data.European equity futures indicate a positive open with the Euro Stoxx 50 future +0.2% after the cash market cl
READ STORYWeek Ahead March 18-22nd - Highlights include: FOMC, BoJ, RBA, BoE, SNB, China activity data, PBoC LPR & Nvidia GTC
Week Ahead, March 18-22ndMON: Chinese Retail Sales (Feb), EZ Final CPI (Feb)TUE: BoJ Announcement, RBA Announcement; German ZEW Survey (Mar), Canadian CPI (Feb)WED: FOMC Announcement, PBoC LPR, BCB Announcement, CNB Announcement, BoI Announcement, Japan Market Holiday (Vernal Equinox Day); UK CPI (F
READ STORYUS Market Open: Equities are firmer, JPY unreactive to RENGO and crude off best levels; UoM due
Equities are mostly modestly firmer; Adobe lower in the pre-market after soft guidanceDollar is flat, RENGO wage hike fails to lift the YenBonds are contained at post-PPI lows and Gilts continue to underperformCrude pulls back from best levels whilst copper holds at multi-month highsLooking ahead, U
READ STORYEurope Market Open: RENGO announcement due imminently, APAC stocks declined post-PPI/Retail Sales
APAC stocks declined amid data-related headwinds from the US including hot PPI and weak Retail Sales.Markets await the RENGO wage announcement and its potential ramifications for next week's BoJ policy announcement.European equity futures indicate a contained open with the Euro Stoxx 50 future
READ STORYUS Market Open: Equities firmer & Dollar flat ahead of Tier 1 US data and ECB speak, Crude at session highs
Equities are mostly firmer with slight outperformance in the NQ, paring some of the prior days lossesDollar is contained and G10s are mostly flat with slight strength seen in the NZD & GBPBonds hold a bearish tilt, continuing price action seen in the prior few days; Bunds caught a slight bid fol
READ STORYEurope Market Open: BoJ decision seen to be dependent on wage numbers; APAC mixed
APAC stocks were mixed after the indecisive performance stateside amid light catalysts and tech weakness.European equity futures indicate a flat open with the Euro Stoxx 50 future unchanged after the cash market closed up 0.4% on Wednesday.BoJ decision is seen coming down to the results of Japan's a
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