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22 Sep 2023 · 13:10

Week Ahead 25-29th September: Highlights include US PCE, EZ Flash CPI, China Caixin PMI, and Banxico rate decision

Week Ahead 25-29th SeptemberMON: German Ifo (Sep), US National Activity Index (Aug), German State CPIs (Sep)TUE: Swedish PPI (Aug), US Consumer Confidence (Sep), New Home Sales (Aug) Richmond Fed (Sep)WED: Spanish Parliament PM Vote re. Feijoo (TBC), CNB Policy Announcement, BoJ Minutes (Jul); Germa

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22 Sep 2023 · 10:35

US Market Open: European equities lower, PMIs note growth concerns; JPY weaker post-BoJ; US PMI due

European bourses are mostly lower but have trimmed the losses seen at the cash open. The main macro story for the region thus far has been the flash PMI prints for September.French PMI missed, German PMI modestly beat, EZ PMI was mixed, UK PMI only saw manufacturing beat; the main theme of the PMIs

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22 Sep 2023 · 05:27

Europe Market Open: Asian stocks traded mixed as this week's central bank frenzy ends with BoJ anti-climax

APAC stocks traded mixed amid a higher yield environment and after this week’s central bank frenzy culminated with a lack of surprises from the BoJ.BoJ kept monetary policy settings unchanged and made no change to forward guidance with the central bank to patiently continue monetary easing.European

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21 Sep 2023 · 10:30

US Market Open: Equities weaker post-FOMC; DXY firmer, CHF slumps post-SNB & GBP lower pre-BoE

European bourses are pressured as the region reacts to the FOMC, US futures are lower but action is slightly more containedDXY is off 105.68 best but remains supported, GBP pressured and sub-1.23 ahead of the BoE with pricing still near 50/50CHF collapses as SNB leaves rates unchanged, SEK pressured

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21 Sep 2023 · 05:19

Europe Market Open: Hawkish FOMC dot plots ahead of a Central Bank bonanza

The Fed kept rates unchanged and provided more hawkish dot plots; signalled a further rate hike this year and fewer cuts next year.APAC stocks were pressured in the aftermath of the FOMC’s hawkish pause; US futures are also softer (ES -0.3%) European equity futures are indicative of a lowe

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20 Sep 2023 · 10:25

US Market Open: Odds of a BoE hike trim to 50/50 post-CPI, FOMC looms

FTSE 100 outperforms after sub-forecast UK inflation data, Real Estate and Banking leadingStateside, futures are essentially flat pre-FOMCGBP undermined as market pricing pivots to 50/50 for pause/hike by the BoE, DXY at 105.00, USD/JPY over 148.00EGBs & USTs rise on significant Gilt upside, US

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20 Sep 2023 · 05:30

Europe Market Open: DXY above 105.00 with USTs near lows pre-FOMC

APAC stocks were mostly lower with risk appetite dampened ahead of the incoming deluge of central bank policy announcements.European equity futures are indicative of a contained open with Euro Stoxx 50 future flat after the cash market closed down 0.1% yesterday.DXY was steady above the 105 mark, EU

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19 Sep 2023 · 10:10

US Market Open: Action generally contained & steady pre-Central Banks; OECD pressured commodities

European bourses & US futures are in the green but only modestly so as markets continue to count down to multiple Central Bank announcementsUSD remains pressured pre-FOMC but the index retains 105.00 with peers generally contained/modestly firmerEGBs and Gilts continue to regain some poise while

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19 Sep 2023 · 05:29

Europe Market Open: Equity futures point to a contained open after Monday's pressure, Brent>95/bbl

APAC stocks were mostly lower following the flat performance stateside ahead of a flurry of central bank meetings.European equity futures are indicative of a contained open with Euro Stoxx 50 future flat after the cash market closed down 1.4% yesterday.FX markets are steady with the DXY maintaining

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18 Sep 2023 · 10:20

US Market Open: European bourses weaker, US futures contained; DXY lower & Fixed firmer; US NAHB due

European bourses are in the red with US futures contained in light newsflow ahead of a key Central Bank weekDXY above 105.00, but in the red, Antipodeans outperform with other G10s relatively contained vs USDDebt futures depressed heading into a packed week, yields bid across the curve with the bell

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18 Sep 2023 · 05:35

Europe Market Open: Marked pressure in Evergrande & a Japanese holiday led to a cautious tone

APAC stocks were mostly lower following last Friday’s declines on Wall St and with the region cautious in holiday-thinned trade.Evergrande shares slumped by more than 20% after some of its wealth management employees were detained by Chinese authorities.European equity futures are indicative of a so

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15 Sep 2023 · 12:46

Week Ahead: Highlights include lots of central banks (FOMC, PBoC, BoJ, BoE, SNB, among them), Flash PMIs, UK inflation

MON: Japanese Holiday; Canadian Producer Prices (Aug)TUE: RBA Minutes (Sep); EZ Current Account (Jul), US Building Permits/Housing Starts (Aug), Canadian CPI (Aug)WED: FOMC, PBoC LPR, Banxico & BCB Policy Announcements, BoC Minutes (Sep); Japanese Trade Balance (Aug), UK CPI (Aug)

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15 Sep 2023 · 12:46

Week Ahead: Highlights include lots of central banks (FOMC, PBoC, BoJ, BoE, SNB, among them), Flash PMIs, UK inflation

MON: Japanese Holiday; Canadian Producer Prices (Aug)TUE: RBA Minutes (Sep); EZ Current Account (Jul), US Building Permits/Housing Starts (Aug), Canadian CPI (Aug)WED: FOMC, PBoC LPR, Banxico & BCB Policy Announcements, BoC Minutes (Sep); Japanese Trade Balance (Aug), UK CPI (Aug)

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15 Sep 2023 · 10:45

US Market Open: Sentiment improves after Chinese data, DXY over 105.00, Yuan rebound & JPY pressured

European bourses are in the green as sentiment improves after constructive Chinese dataThough, US futures are more contained with specifics light into Quad WitchingDXY idles above 105.00, JPY pressured as yields lift despite sources while Yuan rebounds on mentioned dataFixed benchmarks under pressur

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15 Sep 2023 · 05:40

Europe Market Open: Risk sentiment spurred by multiple factors heading into Quad Witching

US stocks rallied with risk sentiment spurred by several factors including strong US data, a dovish ECB hike, the PBoC RRR cut, and a blockbuster Arm IPO.APAC stocks gained after global risk was fuelled by the upside in Europe and the US; Hang Seng and Shanghai Comp were both initially underpinned b

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14 Sep 2023 · 10:28

US Market Open: DXY climbs & US futures bid whilst European bourses trade contained ahead of ECB

European bourses are generally contained pre-ECB, though the FTSE 100 sees marked outperformanceStateside, futures fare slightly better than mainland European peers ahead of numerous US data pointsDXY back to a 104.80 peak, AUD underpinned post-jobs with EUR & GBP rangeboundDebt futures experien

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14 Sep 2023 · 05:25

Europe Market Open: APAC shrugged off Wall St. indecision, ECB looms

APAC stocks were predominantly firmer and mostly shrugged off the indecision seen on Wall St.European equity futures are indicative of a higher open with Euro Stoxx 50 future +0.2% after the cash market closed down 0.4% yesterday.DXY is a touch softer but holding above 104.50, EUR/USD lingers around

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13 Sep 2023 · 10:45

US Market Open: US futures tentative pre-CPI while EGBs/Gilts react to sources & GDP

European bourses are in the red following the risk-off sentiment in APAC trade, US futures tentative pre-CPIEuropean autos saw brief marked outperformance on von der Leyen’s comments, though this has since paredDXY is on a firmer footing with EUR & GBP softer while the PLN experienced marked app

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13 Sep 2023 · 05:50

Europe Market Open: AAPL pressured Tech following its event; hawkish ECB sources shift pricing

APAC stocks were pressured following the tech-led declines on Wall St owing to the Apple event and with participants cautious ahead of the upcoming US CPI data.Apple (AAPL) shares sold off after the new iPhone prices provided some disappointment, whilst some also cited a “sell the news” event. 

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12 Sep 2023 · 10:30

US Market Open: Equities tentative, DXY firmer, GBP & Gilts dovish post-data; BoE's Mann due

European bourses/US futures are generally struggling for direction though Tech lags post-ORCL -9.1% pre-marketUSD at the top-end of parameters but still sub-105.00; GBP stumbles on caveats to UK wage dataGilts outperform post-data but are off highs as BoE’s appointee Breeden says she agrees that Aug

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12 Sep 2023 · 05:25

Europe Market Open: Tentative trade with catalysts light, GBP awaits jobs data

APAC stocks were mixed with the region tentative in the absence of any fresh macro catalysts.European equity futures are indicative of a slightly higher open with Euro Stoxx 50 future +0.2% after the cash market closed up 0.4% yesterday.DXY was contained above 104.50, EUR/USD and USD/JPY are steady

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11 Sep 2023 · 10:40

US Market Open: Equities firmer, NQ outperforms after Tesla upgrade, JPY & Yuan bid; NY Fed SCE due

European bourses & US futures are firmer in a continuation of the APAC handover where action was driven by Chinese inflationTesla +5.5% in pre-market trade following action by Morgan StanleyUSD pressured by both the JPY & Yuan following Ueda and midpoint/CPI respectivelyCore fixed benchmarks

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11 Sep 2023 · 05:35

Europe Market Open: BoJ's Ueda lifted yields while Chinese CPI was softer than forecast

APAC stocks traded mixed as yields climbed following comments from BoJ Governor Ueda.Ueda said the BoJ cannot rule out that they might have sufficient data by year-end to determine whether they can end negative rates. Chinese inflation data showed headline CPI Y/Y was softer than

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8 Sep 2023 · 11:48

Week Ahead 11th-15th September: Highlights include UK Jobs, US CPI & Retail Sales, ECB and Chinese Activity Data

MON: Norwegian CPI (Aug)TUE: EIA STEO, OPEC MOMR; Swedish Unemployment (Aug), UK Unemployment (Aug) & Wages (Jul), Norwegian GDP (Jul), Germany/EZ ZEW (Sep)WED: IEA OMR; UK GDP Estimate (Jul), US CPI (Aug)THU: ECB Policy Announcement, Norges Bank Regional Network; Australian Employment (Aug), Sw

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8 Sep 2023 · 10:30

US Market Open: Equities lower, DXY remains around 105.00 & Antipodeans outperform; Fed's Barr due

US futures reside in the red but are faring better than European counterparts which have drifted since the openAAPL unreactive to incremental iPhone updates while Morgan Stanley believes the two-day stock sell-off is overdoneDXY has slipped as yields lift but remains near 105.00 as the JPY wanes fro

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