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US Market Open: DXY sub-103.00, USTs and US equity futures slightly firmer pre-CPI
European bourses are modestly firmer, Euro Stoxx 50 +0.3%, in relatively limited newsflow following a mixed APAC with US futures in-fitting pre-CPI.The DXY has been pushed modestly below 103.00 and resides at the lower-end of 102.90-103.26 parameters pre-CPI; GBP & EUR outperform, NZD lags.Repor
READ STORYEuro Market Open: Mixed trade with Europe seen flat pre-US CPI; JPY leads G10 FX while NZD lags
APAC stocks eventually traded mixed with a slight positive bias following the firm handover from Wall St (S&P 500 +1.2%).European equity futures are indicative of a flat open with the Euro Stoxx 50 Unch. after the cash market closed up 1.0% yesterday.DXY sits in the low 103's, EUR/USD has r
READ STORYUS Market Open: USD bid with JPY lagging, US equity futures & USTs fairly contained pre-Bowman
European bourses are modestly firmer with US futures similar but slightly more contained ahead of Tuesday's CPI and the week's Fed speak.USD is bid though peers, ex-JPY, are generally fairly contained overall; USD/JPY up to 132.76 as we await confirmation of Ueda's nomination.EGBs have experienced a
READ STORYEuro Market Open: Subdued start to the week ahead of Tuesday's US CPI; JPY lags
APAC stocks began the week mostly subdued as geopolitical tensions lingered and with markets bracing for Tuesday's US CPI data.US military shot down a fourth flying object due to its potential surveillance capabilities after it flew in proximity to sensitive military sites.DXY is marginally firmer,
READ STORYWeek Ahead: Highlights include: New BoJ Governor; US CPI, Retail Sales; UK data dump
MON: Swiss CPI (Jan), Japanese GDP (Q4), German Final CPI (Jan), Norwegian GDP (Q4), Eurogroup.TUE: OPEC MOMR; New Zealand Inflation Forecasts (Q1), UK Jobs Report (Dec), US CPI (Jan), South Korean Revised Trade Balance (Jan), EZ Flash GDP (Q4).WED: IEA OMR; UK Inflation (Jan), EZ Industrial P
READ STORYUS Market Open: Pronounced two-way JPY action, crude bid on Novak while broader sentiment slips
European bourses are under pressure, Euro Stoxx 50 -1.2%, in a continuation of APAC/US trade that was exacerbated by the latest geopolitical developments re. Romanian airspace.Stateside, futures are directionally in-fitting with Europe given broader geopolitics-induced action though with marked NQ -
READ STORYEuro Market Open: China's CPI missed exp. YY, European futures point lower after subdued APAC trade
APAC stocks were mostly negative after the losses on Wall St where the major indices wiped out initial gains.Chinese inflation data saw headline Y/Y CPI and PPI fall short of expectations.European equity futures are indicative of a lower open with the Euro Stoxx 50 -0.6% after the cash market closed
READ STORYUS Market Open: Sentiment is firmer across the board, DXY sub-103.00 as yields ease; SEK leads
European bourses are firmer across the board with the region benefitting from a heavy earnings docket, heavyweights including Siemens and AstraZeneca were particularly well received.Stateside, futures are firmer across the board as the region recovers from Wednesday's Fed-speak-induced downside, NQ
READ STORYEuro Market Open: Mixed APAC trade after hawkish Fed speak weighed on US stocks
APAC stocks traded mixed after the losses in the US (SPX -1.11%) as participants focused on hawkish aspects of Fed rhetoric.European equity futures are indicative of a higher open with the Euro Stoxx 50 +0.4% after the cash market closed flat yesterday.DXY is a touch softer but maintaining 103 statu
READ STORYUS Market Open: US futures ease post-Powell and ahead of key speakers incl. Fed's Williams
European bourses are firmer across the board, Euro Stoxx 50 +0.7%, taking advantage of the Wall St. close and shrugging off indecisive APAC trade.Stateside, futures are in modest negative territory paring some of the post-Powell upside ahead of key speakers incl. Fed's Williams.The USD continues to
READ STORYEuro Market Open: Powell provided something for both doves & hawks with APAC indecisive after
APAC stocks were indecisive and failed to sustain the momentum from Wall St where US indices eventually closed at session highs post-Powell.Fed Chair Powell noted that the disinflationary process has begun but also warned that the Fed will have to do more than what is priced in if jobs data continue
READ STORYUS Market Open: Equities modestly firmer after Monday's pronounced pressure, Powell ahead
European bourses are modestly firmer, Euro Stoxx 50 +0.2%, after yesterday's pronounced pressure and ahead of key Central Bank speak.Stateside, the picture is very similar to the above though the NQ +0.3% is the incremental outperformer with US yields ever so slightly softer.DXY steady around 103.50
READ STORYEuro Market Open: AUD leads post-RBA, substantial Central Bank speak ahead incl. Powell
APAC stocks eventually traded mixed after the weak lead from global counterparts as markets continued to ramp up hawkish Fed pricing.RBA lifted the Cash Rate by 25bps to a fresh decade-high and signalled further rate increases ahead.European equity futures are indicative of a contained open with the
READ STORYUS Market Open: Hawkish post-NFP action ramps up, BoE's Pill & ECB's Lagarde due
European bourses are lower across the board, Euro Stoxx 50 -1.5%, as Friday's post-NFP price action continues to reverberate with the NQ lagging.DXY continues to climb as US yields rise across the curve, to the detriment of G10 peers.Additionally, the JPY has been particularly hampered by since refu
READ STORYEuro Market Open: APAC on the back foot after Friday's US pressure, BoE speak ahead
APAC stocks began the week mostly on the back foot after last Friday’s losses in the US (S&P 500 -1.0%)Reports suggest Japan’s government sounded out BoJ's Amamiya for the position of Governor; later refutedEuropean equity futures are indicative of a lower open with the Euro Stoxx 50 -0.7% after
READ STORYWeek Ahead February 6-10th: US Sec Of State Blinken in China; Prelim Uni. of Mich; RBA, BoC minutes
MON: US Secretary of State Blinken to visit China (TBC), Australian Retail Sales (Q4), EZ Sentix Index (Feb), EZ Retail Sales (Dec), New Zealand National Day.TUE: RBA Announcement, US Trade Balance (Dec), Canadian Trade Balance (Dec), EIA STEO.WED: RBI Announcement, NBP Announcement, Banxico Announc
READ STORYUS Market Open: A quiet European morning but US tech giants see losses in the pre-market following earnings: AAPL -3.5%, AMZN -5.7%, GOOG -4.9%
European bourses trade mostly lower, with little in terms of news flow since the cash open as participants look ahead to the US jobs number.US tech giants see losses in the pre-market following earnings, AAPL -3.5%, AMZN -5.7%, GOOG -4.9%.DXY has given up earlier gains after testing levels close to
READ STORYEuro Market Open: Asia traded mixed after the recent central bank rate hikes while AAPL, AMZN, and GOOG slumped post-earnings
APAC stocks were mixed as participants digested the latest bout of central bank rate hikes and a slew of earnings releases; strong Chinese data failed to inspire.Nasdaq 100 (-1.4%) futures pressured as tech giants Apple, Alphabet and Amazon all fell in extended trade post-earnings.European equity fu
READ STORYUS Market Open: US futures steady though NQ outperforms post-Meta, BoE, ECB & key earnings due
European bourses are benefitting from post-FOMC tailwinds with heavyweight earnings reports bolstering performance; US futures are more contained overall.However, the NQ is the standout outperformer post-META, +19% pre-market.The DXY has reclaimed and marginally extended above the 101.00 mark to a c
READ STORYEuro Market Open: Stocks and bonds rallied post-Fed; BoE, ECB and key earnings ahead
FOMC hiked rates by 25bps as expected; noted that inflation has eased somewhat but remains elevated.US stocks (S&P 500 +1.05%) and bonds rallied as the dollar tumbled in the aftermath of the FOMC.European equity futures are indicative of a higher open with the Euro Stoxx 50 +0.7% after the cash
READ STORYUS Market Open: Relatively contained trade ahead of key data, earnings & FOMC
European bourses are little changed overall but with a modest positive bias, Euro Stoxx 50 +0.2%, ahead of data points and the FOMC.Stateside, futures are a touch softer after yesterday's strength, ES -0.4%, with an after-market update from Snap weighing on peersThe DXY is subdued and holding modest
READ STORYEuro Market Open: Tentatively firmer trade ahead of data, earnings and the FOMC
APAC stocks traded higher after the positive lead from Wall St, although gains were capped ahead of the FOMC and after disappointing Chinese Caixin Manufacturing PMI.European equity futures are indicative of a slightly higher open with the Euro Stoxx 50 +0.1% after the cash market closed up 0.1
READ STORYUS Market Open: Sentiment soured despite a French inflation induced move higher, US ECI due
European bourses are lower across the board, Euro Stoxx 50 -0.6%, as the upside after France's CPI fizzled out and reverted back to softer APAC performance.Stateside, futures are similarly pressured and have been in-fitting with European peers throughout the session ahead of key Employment Cost data
READ STORYEuro Market Open: A rebound in Chinese PMIs failed to spur a rally, IMF upgrades global growth
APAC stocks declined following the weak lead from global counterparts, while a rebound in Chinese PMI data failed to inspire a rally in the region.IMF raised its 2023 global GDP growth forecast to 2.9% from 2.7% citing resilience in advanced economies and China reopening.European equity futures are
READ STORYUS Market Open: Broad based hawkish reaction seen following hot Spanish CPI
European bourses are in the red, Euro Stoxx 50 -1.0%, as a mixed APAC handover was superseded by a broad-based hawkish reaction to hot Spanish inflation.Stateside, futures are similarly pressured with the NQ -1.2% lagging though it remains above 12k.The DXY was already capped by 102.00 but following
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