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US Market Open: JPY outperforms in otherwise relatively contained pre-CPI trade
European bourses are firmer across the board, Euro Stoxx 50 +0.5%, though price action has been fairly contained in slim pre-CPI newsflow with US futures essentially unchanged.Yomiuri Yen revival keeps Greenback grounded awaiting US CPI data; reports the BoJ is to review the effects of its massive m
READ STORYEuro Market Open: JPY leads amid BoJ reports, USD remains around 103.00 pre-CPI
APAC stocks traded mixed as the major indices failed to fully sustain the early momentum from Wall St.European equity futures are indicative of a higher open with the Euro Stoxx 50 +0.4% after the cash market closed up 1.0% yesterday.DXY remains supported around the 103 mark, JPY leads the majors fo
READ STORYUS Market Open: Sentiment supported amid a pullback in yields, with just US 10yr supply due
European bourses are firmer across the board, Euro Stoxx 50 +0.8%, with an easing in yields seemingly spurring a modest extension of opening gains.US FAA has reported a system equipment outage, all flights nationwide have been grounded, according to a source familiar via NBCDXY has consolidated abov
READ STORYEuro Market Open: unwinding of hawkish positioning continues, European futures point higher
APAC stocks tracked the advances on Wall Street whereby US stocks saw a slight unwinding of hawkish positioning post-Powell.European equity futures are indicative of a higher open with the Euro Stoxx 50 +0.6% after the cash market closed down 0.3% yesterday.DXY remains on a 103 handle, AUD gained po
READ STORYUS Market Open: Tepid APAC tone continues with fresh drivers somewhat limited pre-Powell
European bourses are under pressure, Euro Stoxx 50 -0.5%, in a continuation of the tepid APAC tone amid minimal newsflow.Goldman Sachs lifts its 2023 EZ GDP forecast to 0.6% (prev. -0.1%), no longer expects a euro-area recession.US futures are similarly contained and are diverging slightly around th
READ STORYEuro Market Open: Risk appetite stalled towards the Wall St. close, Chair Powell ahead
APAC stocks traded mostly lower as the risk appetite in the region stalled following a similar handover from Wall St.European equity futures are indicative of a weaker open with the Euro Stoxx 50 -0.8% after the cash market closed up 1.3% yesterday.DXY is back on a 103 handle after a brief slip belo
READ STORYUS Market Open: Risk sentiment supported as China's reopening continues, Fed speak/NY Fed survey due
European bourses are firmer across the board, Euro Stoxx 50 +0.3%, as the constructive APAC tone from China's reopening leadsUS futures are in the green, ES +0.4%, in-fitting with the above sentiment ahead of Fed speak and a NY Fed Consumer Expectations surveyDXY continues to slip below the 104.00 m
READ STORYEuro Market Open: Price action underpinned as China's border reopens
APAC stocks gained with the MSCI Asia Pacific index on course to enter a bull market as the region took impetus from last Friday’s rally on Wall St.European equity futures are indicative of a firmer open with the Euro Stoxx 50 +0.8% after the cash market closed up 1.5% on Friday.DXY remains on a 103
READ STORYWeek Ahead January 9th-13th: Highlights include US & Chinese CPI, Chinese Trade, UK GDP and US Earnings Season
Week Ahead January 9th-13th:MON: Swiss Unemployment (Dec), German Industrial Output (Nov), EZ Sentix (Jan), Unemployment (Nov), Chinese Exports/Imports (Dec)TUE: EIA STEO; Norwegian CPI (Dec), US NFIB (Dec), Chinese M2 & New Yuan Loans (Dec)WED: Australian CPI (Nov)THU: Australian Trade Balance
READ STORYUS Market Open: DXY maintains recovery momentum, JPY lower & EGBs/USTs ultimately contained pre-NFP
European bourses are little changed overall but do feature a slim positive skew, Euro Stoxx 50 +0.1%, pre-NFP; US futures similarly containedDXY maintains its recovery momentum ahead of the US agenda with the index up to a 105.52 peak at best, with JPY taking the brunt of this.EGBs experienced modes
READ STORYEuro Market Open: Cautious pre-NFP trade with EZ Flash CPI also in focus
APAC stocks traded with cautious gains despite a negative lead from Wall Street, and ahead of the US labour market dataDXY traded within a tight pre-NFP range just above the 105.00 level after notching a 103.98-105.27 parameter yesterdayChina could ease "three red lines" property rules in a major sh
READ STORYUS Market Open: Mixed and relatively contained trade overall ahead of US data & Fed speak
European bourses are mixed but with a slight negative bias, Euro Stoxx 50 -0.2%, following a similar APAC handover ahead of US data with US futures little changed.Dollar mixed awaiting busy pm agenda on the eve of NFP and after choppy moves post-FOMC minutes with peers mixed vs USD.Currently, Bund,
READ STORYEuro Market Open: Positive handover after FOMC-related volatility, AMZN confirms 18k job cuts
APAC stocks traded positively throughout most of the session but bourses later drifted off best levels; the US closed in the green after some FOMC-related volatilityFOMC December minutes highlighted how no Fed official sees a rate cut in 2023 albeit there was no discussion about the magnitude of the
READ STORYUS Market Open: Bonds and equities climb following dovish French CPI, key US data/minutes ahead
European bourses have extended on Tuesday's upside, Euro Stoxx 50 +1.6%, with soft inflation data out of France adding to the week's dovish impulses.Stateside, futures are supported though to a lesser extent than European peers, ES +0.4%, as the region awaits key data points and the ES remains sub-3
READ STORYEuro Market Open: Firmer APAC trade despite a negative handover, US ISM PMI & Fed Minutes due
APAC stocks traded mostly firmer despite the negative handover from Wall Street; Hang Seng outperformed whilst Nikkei lagged.European equity futures held onto modest gains with the Euro Stoxx 50 future +0.3% after the cash market closed +0.7% yesterday.DXY pulled back to levels under 104.50 after, t
READ STORYUS Market Open: Firmer start to the new year continues, despite soft Chinese NBS PMIs
European bourses are firmer across the board, Euro Stoxx 50 +1.4%, as the region's strong start to 2023 continues despite soft Chinese NBS PMIsStateside, futures are supported with the ES back above 3900 ahead of the week's risk events from Wednesday onwards.Dollar erases and reverses losses on posi
READ STORYUS Market Open: Debt continues to falter and crude inches higher in limited trade
European bourses are marginally firmer, Euro Stoxx 50 +0.2%, with the Stoxx 600 on track to end the week with upside of circa. 0.6%.Stateside, futures are similarly supported, ES +0.3%, though we await US monthly PCE metrics for another factor into the Fed's deliberations.Dollar has waned with peers
READ STORYEuro Market Open: Downbeat/contained pre-Christmas trade
APAC stocks traded mostly lower but drifted off worst levels following a similar performance statesideDXY fluctuated within a tight range in which it briefly topped 104.50 before drifting to a fresh session low; JPY laggedJapanese Core CPI for November rose at the fastest annual pace since 1981Tesla
READ STORYUS Market Open: Crude climbs in otherwise contained trade with US data ahead
European bourses & US futures are steady near the unchanged mark within relatively narrow ranges in limited newsflowCrude has clawed out incremental WTD peaks, given the softer USD and latest China-COVID reportsDXY remains in proximity to 104.00, though was pushed modestly below the figure to th
READ STORYEuro Market Open: Contained and limited trade overall, Chinese property names outperform
APAC stocks traded with gains across the board following the positive lead from Wall StreetChinese property names led the gains after China unveiled further support measures for the sectorUS and European equity futures resumed trade with modest gains, but price action is somewhat contained in the pr
READ STORYUS Market Open: Incremental extension of initial upside with NKE & FDX assisting
European bourses have eked out a marginal extension of their initial upside, Euro Stoxx 50 +0.9%, with both newsflow and the schedule ahead sparse.ES +0.6%; post-earnings NKE +12.5% & FDX +4.8%DXY has managed to attain an incremental foothold at 104.00, with peers ex-NZD generally contained in t
READ STORYEuro Market Open: Mixed trade in limited newsflow, DXY reclaimed 104.00
APAC stocks eventually traded mixed following a mostly positive lead from Wall Street and with news flow on the quieter sideDXY traded on a firmer footing and reclaimed a 104.00 handle from a 103.91 low, USD/JPY trimmed recent losses and NZD lagged among G10s10yr UST and Bund futures were subdued ov
READ STORYUS Market Open: JPY outperforms while core debt slumps post-BoJ's unexpected action
European bourses are under modest pressure, Euro Stoxx 50 -0.3%, as the complex lifts off post-BoJ lows in limited newsflow.JPY is the standout outperformer after the BoJ widened the 10yr yield band, sending USD/JPY to a test of 132.00 vs 137.00+ initial levels.DXY has been pushed below 104.00 to th
READ STORYEuro Market Open: Sentiment struck by the BoJ with the JPY & JGB yields spiking
APAC stocks traded lower across the board with the broader risk profile hit by the BoJ's unexpected tweak to its Yield Curve ControlBoJ tweaked YCC in which it widened the 10yr yield band to +/- 0.5% (prev. +/-0.25%) and unexpectedly announced it is to increase bond purchases to JPY 9tln/m (prev. JP
READ STORYUS Market Open: Modestly constructive risk tone after a softer APAC handover
European bourses have commenced the week on a firmer footing, Euro Stoxx 50 +0.7%, shaking off the softer APAC handover amid two-way COVID updates.Stateside, futures are similarly supported, ES +0.4%, in tandem with the European tone ahead of a sparse US docketUSD has faded despite hawkish weekend F
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