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Europe Market Open: Alphabet closed with downside near 10%, Meta -3.4% after the earnings call
APAC stocks traded lower across the board, following the weak lead from Wall Street; Mainland China saw the shallowest losses among the majors.Meta shares fell 3.4% after-market during the earnings call despite rising almost 5% post-earnings; Alphabet closed with losses of near 10%.DXY found a firme
READ STORYUS Market Open: Equities lower despite Ifo, influenced by the heavy corporate docket; GOOG -6.8%
European bourses & US futures are in the red with the breakdown heavily influenced by a busy corporate docketMicrosoft +3.6% & Google -6.8% in the pre-market, ahead of heavyweights include Meta & BoeingDXY eclipses Monday’s best to the modest detriment of peers, AUD gives up post-CPI gai
READ STORYEurope Market Open: Diverging performance for Microsoft & Google, ahead of key European & US names
APAC stocks traded mixed following a firmer lead from Wall Street as eyes turned to earnings from heavyweights Microsoft and Alphabet.Microsoft shares rose 3.9% and Alphabet tumbled 5.9% with cloud growth in focus. ES and NQ dipped slightly as Microsoft issued its guidance.ASX 200 slipped and AUD/US
READ STORYUS Market Open: Equities firmer despite soft-PMIs, DXY bid but USTs contained; MSFT & GOOG due
European bourses & US futures reside in the green despite initial PMI-pressure, focus turns to US mega-capsDXY in the green and aided by EUR downside to the modest detriment of peers though AUD outperforms post-BullockEGBs bolstered by the PMIs with yields pressured as such while USTs remain mor
READ STORYEurope Market Open: Mainland China led overnight gains, key US earnings due
APAC stocks traded mixed following a similar lead from Wall Street with Mainland China leading the gains overnight.DXY eventually dipped under the 105.50 mark as Treasury yields held onto losses; EUR/USD rose above its 50 DMA while USD/JPY tested 149.50 to the downside.Bitcoin saw a volatile session
READ STORYUS Market Open: Sentiment slips as geopolitical tensions & rising yields remain in the driving seat
Equities in the red as initial European upside dissipates amid the soured risk tone and further yield upsideUSD unable to benefit from the above for much of the morning, but has most recently inched into the green as the US 10yr yield surpasses 5.0%JPY shrugs off the latest sources piece around BoJ
READ STORYEurope Market Open: Mixed earnings and geopolitical angst weighs on sentiment
APAC stocks traded with losses across the board following the downside seen on Wall Street on Friday; Foxconn shares fell amid a Chinese probe.Oil futures, spot gold, and the Swiss Franc unwound some geopolitical risk premium overnight amid no major escalation in the Middle East over the weekend.An
READ STORYWeek Ahead 23rd-27th October - Highlights include EZ/UK flash PMIs, ECB, BoC, US PCE, Australian CPI
MON: Bank of Israel Announcement, EZ Consumer Confidence (Oct), US National Activity Index (Oct)TUE: German GfK Consumer Confidence (Nov), EZ/UK/US Flash PMIsWED: BoC Announcement, NBH Announcement, Australian CPI (Q3/Sep), German Ifo Survey (Oct)THU: ECB Announcement, CBRT Announcement, South Korea
READ STORYUS Market Open: Equities in the red while the USD struggles for direction and USD/JPY tests 150.00
European bourses are following the APAC handover and reside well into the red, US futures lower but nearer unch.USD struggling for direction in somewhat narrow parameters as USD/JPY probes 150.00 while GBP slips post-data/BoE speakCrude and precious metals firmer with geopolitics continuing to drive
READ STORYEurope Market Open: APAC stocks follow the Wall St. post-Powell declines, geopolitical tensions rise
APAC stocks mostly declined following the losses on Wall St post-Powell and as geopolitical tensions remain high.Fed Chair Powell suggested that policy was not too tight but also noted that higher bond yields at the margin could reduce the need for the Fed to tighten.Israel's military received the '
READ STORYUS Market Open: Equities in the red with earnings dominating newsflow ahead of Chair Powell
European bourses and US futures reside in the red with earnings dominating newsflow; NFLX +13.5%, TSLA -4.8%, SAP +4.8%.USD has been grinding higher alongside yields to the detriment of peers with the slim exception of EUR & JPYCrude benchmarks reside in the red after Wednesday’s gains with meta
READ STORYEurope Market Open: NFLX +12% & TSLA -4% after-hours, European equity futures point lower
APAC stocks were lower across the board amid spillover selling from global peers.After-hours earnings in the US saw Netflix surge 12.8%, whilst Tesla fell 4.2%.European equity futures are indicative of a lower open with the Euro Stoxx 50 future -0.6% after the cash market closed down 1.1% yeste
READ STORYUS Market Open: Geopolitical tensions overshadow stronger Chinese activity data amid key earnings
European bourses/US futures experience pressure as geopolitical tensions overshadow stronger than expected Chinese activity dataDXY comfortably above 106.00 but just off best, Yuan unable to benefit from mentioned data while GBP benefits from UK CPIDebt benchmarks pressured post-data though have cli
READ STORYEurope Market Open: Strong Chinese data somewhat overshadowed by geopolitics ahead of Biden's meeting
APAC stocks traded mixed following a similar performance on Wall St while the region also digested the latest Chinese GDP and activity data which topped forecasts.The latest geopolitical headlines included news of a strike on a hospital in Gaza which saw both sides point the blame at each other.Euro
READ STORYUS Market Open: Geopolitical developments overshadow better-than-expected ZEW, JPY action on sources
European bourses & US futures are mixed to modestly pressured as a better-than-expected ZEW is overshadowed by geopoliticsEUR off lows given the data and support via expiries at 1.05, action which has pulled the DXY away from its 106.49 peak, JPY action on BoJ sources re. inflation outlookGeopol
READ STORYEurope Market Open: APAC upside capped by Iranian threats, Biden to visit Israel on Wednesday
APAC stocks were mostly positive following the gains across global counterparts, although the upside was capped amid threats from Iran.Iran's Foreign Minister said pre-emptive actions by the resistance front could be expected in the coming hours (comments made last night).US President Biden will tra
READ STORYUS Market Open: Geopolitical developments keep tensions elevated and the tone tentative
European bourses are under modest pressure as geopolitical developments keep tensions elevated and the tone tentativeIsraeli military spokesperson said their goal is to completely destroy the governing and military capabilities of Hamas.Iranian Foreign Minister said ‘If the Zionist aggressions do no
READ STORYEurope Market Open: Geopolitical concerns remain at the forefront ahead of NZ CPI & Fed/ECB speak
APAC stocks were mostly lower amid ongoing geopolitical concerns with the Israel-Hamas conflict threatening to spill over to neighbours in the region.Israeli military spokesperson said their goal is to completely destroy the governing and military capabilities of Hamas.Iranian Foreign Minister said
READ STORYWeek Ahead 16th-20th October: Highlights include US retail sales, China activity data, PBoC, inflation from NZ, Japan, UK and Canada
Week Ahead 16-20th OctoberSAT: New Zealand General ElectionMON: New Zealand CPI (Q3), PBoC MLFTUE: RBA Minutes, German ZEW Survey (Oct), US Retail Sales (Sep), Canadian CPI (Sep)WED: Chinese GDP (Q3), Chinese Industrial Output (Sep) and Retail Sales (Sep), UK Inflation (Sep), EZ Final HICP (Sep)THU:
READ STORYUS Market Open: Stocks slip and bonds are bid while crude surges amid weekend geopolitical risks
European bourses and US equity futures have been tilting lower since the cash open despite a lack of major headlines, with traders cognizant of geopolitical risks heading into the weekend.Dollar loses some inflation momentum as DXY slips from a double top into a softer 106.510-280 range; T-note is n
READ STORYEurope Market Open: Asian stocks declined amid headwinds from US CPI, while the region also digested softer-than-expected inflation and mixed trade data from China
APAC stocks were mostly lower amid headwinds from the US, while the region also digested softer-than-expected inflation and mixed trade data from China.European equity futures are indicative of a lower open with the Euro Stoxx 50 future -0.3% after the cash market closed down 0.1% yesterday.DXY rema
READ STORYUS Market Open: Equities firmer, DXY lower & Fixed fades gains ahead of US CPI & IJC
European bourses are trading with modest gains in the wake of the late gains on Wall Street yesterday and the upbeat APAC session overnight.Dollar is depressed ahead of US CPI data after brief bounces post-PPI and FOMC minutes. Euro retains 1.0600+ status vs Buck. Yen is still drawn to 149.00 agains
READ STORYEurope Market Open: Asian stocks took impetus from Wall St after recent dovish Fed rhetoric offset hot PPI data, while FOMC Minutes were deemed stale
FOMC Minutes stated that officials generally judged risks to achieving the FOMC's goals had become more two-sided.APAC stocks were firmer after the region took impetus from the intraday rebound on Wall St.European equity futures are indicative of a higher open with the Euro Stoxx 50 future +0.4% aft
READ STORYUS Market Open: Equities mixed, luxury names lower on LVMH results & Fixed soars; FOMC Minutes due
European bourses have held onto the mixed theme seen at the cash open with underperformance seen in the CAC 40 and Euro Stoxx 50 on the back of disappointing earnings from heavyweight LVMH.Bonds are back in vogue as duration and safe haven demand propel prices higher amidst long-end outperformance;
READ STORYEurope Market Open: Asian stocks gained with global risk appetite underpinned by dovish Fed speak and China stimulus hopes
APAC stocks were higher after the positive momentum rolled over from global peers owing to dovish Fed rhetoric and China stimulus hopes.Hezbollah said it targeted an Israeli tank with missiles and that Israel struck a number of observation posts.European equity futures are indicative of a weaker ope
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