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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
READ STORYUS 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
READ STORYEurope 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
READ STORYUS 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
READ STORYEurope 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
READ STORYUS 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
READ STORYEurope 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
READ STORYUS 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
READ STORYEurope 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
READ STORYUS 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
READ STORYEurope 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
READ STORYWeek 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)
READ STORYWeek 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)
READ STORYUS 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
READ STORYEurope 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
READ STORYUS 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
READ STORYEurope 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
READ STORYUS 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
READ STORYEurope 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.
READ STORYUS 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
READ STORYEurope 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
READ STORYUS 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
READ STORYEurope 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
READ STORYWeek 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
READ STORYUS 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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