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US Market Open: TSLA stalls with equities broadly pressured, packed US agenda ahead
European bourses & US futures are subdued as pressure intensified in European trade without fresh catalyst; TSLA -7.5% pre-market.The DXY is subdued and drifting further from 102.00 to the mixed but contained fortune of peers; NZD lags after CPI miss.Core fixed income pares initial recovery mome
READ STORYEurope Market Open: Earnings remain in focus, TSLA -6%, ahead of a packed Central Bank docket
APAC stocks traded rangebound with the region indecisive following the flat handover from the US. Tesla lower by 6.1% after hours post-earnings.European equity futures are indicative of a contained open with Euro Stoxx 50 future flat after the cash market closed flat yesterday.DXY lingers just below
READ STORYUS Market Open: Marked USD strength as yields lift; hot UK CPI; ASML lower, WAL surges post-earnings
European bourses are in the red as ASML highlights caution among customers & with the macro backdrop influenced by hawkish UK CPI.Stateside, futures are in the red with the NQ lagging as yields increase while banking names are deriving support from WAL's after-hours update.The session is charact
READ STORYEurope Market Open: NFLX pares initial after-hours downside; UK CPI, ECB speak & earnings due
APAC stocks were lacklustre in the absence of any major positive macro drivers and following the flat handover from Wall St.European equity futures are indicative of a contained open with Euro Stoxx 50 future +0.1% after the cash market closed +0.6% yesterday.FX markets are steady, DXY remains sub-1
READ STORYUS Market Open: Equity sentiment is constructive with earnings in focus, DXY pullsback & USTs bounce
European bourses are firmer across the board and were resilient to softer than expected ZEW numbers with earnings in full-focus.Stateside, futures are in the green with the NQ outperforming a touch as yields ease off highs while the broader focus is firmly on upcoming bank earnings.DXY pulls back be
READ STORYEurope Market Open: Stronger Chinese data failed to bolster APAC trade with key earnings due
APAC stocks traded mostly subdued and failed to benefit from the slew of data from China including stronger GDP.Chinese Y/Y GDP topped forecasts, IP and Fixed Asset Investments printed below expectations, Retail Sales surged by a double-digit percentage.European equity futures are indicative of a co
READ STORYUS Market Open: Contained US trade with catalysts light and attention on upcoming earnings
European bourses are mixed after initial tentative upside, with newsflow limited and specific catalysts light.Stateside, futures have been pivoting the unchanged mark throughout the APAC session and European morning ahead of earnings.DXY remains underpinned in fairly narrow parameters with peers gen
READ STORYEurope Market Open: Firmer but contained trade in limited newsflow, BoE & ECB speak due
APAC stocks traded mostly higher albeit with gains capped in the absence of any major macro catalysts from over the weekend.European equity futures are indicative of a slightly firmer cash open, with Euro Stoxx 50 future +0.2% after the cash market closed +0.6% on Friday.DXY was steady overnigh
READ STORYWEEK AHEAD PREVIEW: Highlights include: Flash PMIs; CPI data from Canada, Japan, NZ, UK; PBoC LPR, China activity data; Minutes from the ECB, RBA
MON: South Korean Trade Balance R (Mar), German Flash GDP (Q1).TUE: RBA Minutes, Chinese GDP (Q1)/ Retail Sales (Mar)/ Industrial Production (Mar), UK Jobs Report (Feb/Mar), US Building Permits (Mar), Canadian CPI (Mar).WED: UK Inflation (Mar), EZ Final CPI (Mar), New Zealand CPI (Q1).THU: PBoC LPR
READ STORYUS Market Open: Somewhat tentative trade ahead of key earnings, fixed firmer post-Bostic
European bourses are almost entirely firmer, Euro Stoxx 50 +0.3%, with catalysts ex-earnings lights and the Stoxx 600 on track to see the week out with gains of circa. 1.5%.Stateside futures are tentative with a negative bias ahead of bank earnings; UNH +1.5% post-earnings.DXY remains below 101 but
READ STORYEurope Market Open: Cautious APAC gains in light trade ahead of US bank earnings
APAC stocks traded with modest and cautious gains with upside momentum somewhat waning in what was a catalyst-light sessionDXY printed fresh incremental YTD lows overnight of 100.78 as APAC players reacted to the latest batch of US dataUS House Republicans are considering a proposal that would kick
READ STORYUS Market Open: USD retreats further, fixed fades while LVMH supports European trade
European bourses are somewhat mixed with heavyweight LVMH skewing performance to the upside, US futures slightly firmerDXY continues to retreat from NFP peaks with EUR near YTD best and GBP above 1.25EGBs and USTs continue to fade with only fleeting upside arising from well received Gilt supplyECB d
READ STORYEurope Market Open: Mixed trade in the aftermath of US CPI and FOMC Minutes; strong LVMH earnings
APAC stocks initially opened lower but eventually traded mixed as the region pondered over the latest US CPI report and Wall Street losses.FOMC Minutes suggested several participants noted they considered whether it would be appropriate to leave rates unchanged at the meeting.DXY traded on either si
READ STORYUS Market Open: Contained pre-CPI action, briefly intersected by China-Taiwan jitters
European bourses and US futures are essentially unchanged despite brief geopolitical jitters ahead of US CPI.China intends to impose a no-fly zone near Taiwan on April 16th for a "falling object", initial guidance was reportedly for a three-day period.FX complex is contained with the DXY slightly so
READ STORYEurope Market Open: Mixed/contained pre US CPI trade; Villeroy notes risk of entrenched inflation
APAC stocks saw a mixed session following a similar lead from Wall Street in the run-up to key risk eventsG10 FX pairs were mostly flat, whilst equity, bond, and crude futures traded horizontally in a pre-CPI lullEuropean equity futures are indicative of a slightly softer open with the Eurostoxx 50
READ STORYUS Market Open: DXY loses payroll momentum as the firmer APAC handover continues to influence
European bourses are mostly in the green continuing the positive APAC handover on their return to the market with newsflow otherwise limited.Stateside, futures are steady with a slight positive bias ahead of Fed speak before Wednesday's key events.DXY has lost payroll momentum to the benefit of peer
READ STORYEurope Market Open: APAC bolstered after a Wall St. recovery as markets return from Easter
APAC stocks traded mostly higher following the recovery seen on Wall Street and as some major markets returned from the long weekendEuropean equity futures gapped higher on the return from the Easter break and are indicative of a firmer cash open, with Euro Stoxx 50 +0.5%DXY traded subdued for most
READ STORYWeek Ahead April 10-14th: Highlights include US CPI, Retail Sales, FOMC Minutes, BoC, Chinese Inflation
MON: Easter Monday - US Markets Open, Japanese Trade Balance (Feb), EZ Sentix Index (Apr).TUE: IMF World Economic Outlook, EIA Short-Term Energy Outlook, Chinese Inflation (Mar), Norwegian CPI (Mar), EZ Retail Sales (Mar).WED: FOMC Minutes, BoC Announcement, US CPI (Mar).THU: OPEC Oil Market Report,
READ STORYUS Market Open: Tentative pre-Easter/NFP trade with EGBs at a WTH high post-PMIs
European bourses are incrementally firmer while US futures are slightly softer in tentative pre-Easter/NFP trade.APAC handover was softer though Chinese Caixin data stemmed the downside.DXY is firmer though off the 102.05 peak with antipodeans/petro-FX softer while CHF leads with peers otherwise con
READ STORYEurope Market Open: Softer US handover continues to impact though is offset by Chinese Caixin PMIs
APAC stocks were mostly subdued amid the soft Wall St handover, albeit with the downside stemmed by Chinese Caixin Services PMI.RBI kept the Repurchase Rate unchanged at 6.50% (exp. 25bps hike) via unanimous decision.European equity futures are indicative of a flat open with the Euro Stoxx 50 unchan
READ STORYUS Market Open: Comparably contained equity/fixed trade while AUD lags post-RBNZ
European bourses are mixed but with a negative skew while US futures reside just below the neutral mark.DXY trades either side of 101.50 with NZD initially outperforming after hawkish-RBNZ action, AUD lags.Fixed benchmarks are comparably contained, though pressured, with concession & RBNZ perhap
READ STORYEurope Market Open: Mixed trade with regional closures, NZD outperforms post-RBNZ
APAC stocks traded mixed after the negative lead from Wall St with trade also hampered by the closures in the Greater China region.RBNZ delivered a more aggressive than expected rate hike of 50bps and signalled a further rate increase to return inflation to its target.European equity futures are ind
READ STORYUS Market Open: Firmer bias emerges in somewhat limited newsflow, Fed speak looms
Equities have picked-up most recently after a relatively contained European morning with fresh drivers lightGBP leads the G10-FX space to the USD's detriment, while AUD lags post-RBA despite downside being initially cappedFixed income is pressured with concession perhaps factoring while the 2.30% an
READ STORYEuro Market Open: Mostly firmer APAC trade ahead of regional closures, AUD slightly softer post-RBA
APAC stocks traded mostly positive but with gains limited following the indecisive mood stateside.RBA kept rates unchanged at 3.60%, as expected; board expects some further tightening may well be needed.European equity futures are indicative of a marginally higher open with the Euro Stoxx 50 +0.3% a
READ STORYUS Market Open: Surprise OPEC+ cut lifts crude, DXY & Fixed benefited from price/rate implications
Crude outperforms after the weekend announcement of a surprise voluntary OPEC+ output cut until end-2023.Equities are broadly mixed/tentative as markets digest elevated oil prices against the potential inflation/Central Bank implications.Amidst this, the FTSE 100 outperforms while the NQ lags; APAC
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