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US 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
READ STORYEuro Market Open: APAC eventually followed Wall St. pressure, USD/JPY hampered
APAC stocks eventually traded lower across the board following the downbeat performance on Wall Street on FridayDXY was softer and briefly dipped under 104.50, USD/JPY gapped lower amid weekend source reports, and EUR underperformedJapan's government is set to revise a 10-year-old joint statement wi
READ STORYUS Market Open: post-ECB hawkish action continues, Bunds lower by over 150ticks
European bourses remain on a downward trajectory as the post-ECB slump continues with US futures similarly afflictedDXY has whipsawed within a 104.20-73 range, well within yesterday's bands, though an overall underlying USD bid has emergedEGBs continue to slide. With Bunds lower by over 150 ticks an
READ STORYEuro Market Open: Spillover selling continued in APAC trade, Europe attempts to move higher
APAC stocks were pressured on spillover selling from global counterparts following the slew of central bank rate hikes.European equity futures are marginally higher with the Euro Stoxx 50 future up 0.2% after the cash market closed with losses of 3.5% yesterday.DXY is a touch softer but on a 104 han
READ STORYUS Market Open: Post-FOMC action continues, SNB & Norges Bank in-line; BoE, ECB & US data ahead
European bourses and US futures are under pressure, seemingly in a second wave of the post-FOMC price action.USD has continued to climb throughout the morning, DXY above 104.40 at best with peers dented across the boardSNB & Norges Bank were essentially in-line with expectations, hiking by 50bp
READ STORYEuro Market Open: Post-Fed equity pressure continued, focus turns to a packed Central Bank docket
The Fed delivered a widely expected 50bps rate hike and provided hawkish revisions to the dot plots.US stocks ultimately finished lower with the S&P 500 back below 4K, APAC stocks were subdued overnight.European equity futures were mildly lower with the Euro Stoxx 50 future down 0.4% after the c
READ STORYUS Market Open: CPI-induced upside continues to wane pre-FOMC; USD/JPY & Bunds dented post-sources
European bourses are under pressure across the board, Euro Stoxx 50 -0.7%, as the CPI-induced upside wanes ahead of the FOMC & Powell thereafterUSD has continued to slip with the index down to 103.66 at worst, nearing Tuesday's 103.57 trough to the benefit of most G10 peers.JPY outperforms with
READ STORYEuro Market Open: Wall St. strength continued into APAC, DXY lacklustre, FOMC ahead
APAC stocks took impetus from the gains across global peers following the softer-than-expected US CPI (SPX +0.73%, NDX +1.1%).European equity futures were steady with the Euro Stoxx 50 future up 0.1% after the cash market closed with gains of 1.7% yesterday.DXY remains lacklustre and linge
READ STORYUS Market Open: Generally constructive, though choppy, price action ahead of US CPI
European bourses are firmer across the board Euro Stoxx 50 +0.8%, though action has been choppy with fresh drivers limited.US futures are similarly bid, though comparably more contained ahead of CPI and 30yr supplyDXY is bid, but has been unable to convincingly breach the 105.00 mark despite a brief
READ STORYEuro Market Open: APAC stocks lifted by the Wall St. handover, Europe seen opening firmer
APAC stocks were mostly kept afloat following the gains on Wall St where the major indices unwound recent losses (S&P 500 +1.4%).Hong Kong Chief Executive Lee announced an end to the COVID contact tracing app requirement and will eliminate the three-day arrival monitoring period.European equity
READ STORYUS Market Open: Contained & cautious trade with catalysts limited ahead of US supply
European bourses are under modest pressure, Euro Stoxx 50 -0.2%, as the cautious APAC tone continues but with magnitudes limited given the lack of newsflow.USD's initial extension faded with the index drifting within 105.23-104.72 parameters, peers mixed but generally rangebound.EGBs & Gilts hav
READ STORYEuro Market Open: Softer start to an action packed week, US supply & fed speak ahead
APAC stocks began the week with mild losses following the subdued performance last Friday on Wall Street.European equity futures were lower with the Euro Stoxx 50 future down 0.5% after the cash market closed with gains of 0.5% on Friday.USD is broadly firmer vs. peers, EUR/USD maintains 1.05 status
READ STORYWeek Ahead: Highlights include Fed, US CPI; ECB, BoE, SNB, Norges Bank
Week Ahead December 12-16th:MON: UK GDP Estimate (Oct), Chinese M2/New Yuan Loans (Nov).TUE: OPEC MOMR; BoE Financial Stability Report; German CPI Final (Nov), UK Unemployment Rate (Oct)/Claimant Count (Nov), EZ ZEW (Dec), US CPI (Nov), Japanese Tankan (Q4), New Zealand Current Account (Q3).WED: FOM
READ STORYUS Market Open: Generally constructive tone though catalysts and volumes are light
Equities in Europe trade with no firm direction in what has been a quiet morning session thus far in holiday-thinned volumesDXY managed to derive some support after losing 104.50 in early trade, with peers generally contained though JPY & CHF 'outperform'EGBs and USTs continue to diverge, but ov
READ STORYEuro Market Open: US futures retain earlier upside, APAC trade firmer but limited
APAC stocks traded mostly higher as the region took impetus from the gains on Wall Street; Hang Seng and Shanghai Comp were indecisiveUS equity futures held on to the prior day's gains but lacked any significant follow-through during Asia hoursDXY continued to weaken after retreating beneath the 105
READ STORYUS Market Open: Contained trade with catalysts & the schedule light
European bourses and US futures reside in narrow ranges are essentially pivoting the unchanged markDXY has managed to regroup amid an initial retreat in USTs; though, the index remains around the mid-point of a 105.04-105.42 rangeEGBs & their UK counterpart have, despite initial pressure, staged
READ STORYEuro Market Open: Cautious trade overall though Hong Kong outperformed, light docket ahead
APAC stocks traded cautiously after the lacklustre handover from Wall St where the major indices were subdued; Hong Kong outperformed European and US equity futures lacked firm direction despite an earlier approach towards the prior day's lowsDXY was marginally higher overnight, G10s were mostl
READ STORYUS Market Open: Choppy but ultimately contained trade in somewhat limited newsflow
European bourses are somewhat mixed after a predominantly soft cash open, Euro Stoxx 50 -0.5%; though, the breadth of the market remains narrow.Stateside, futures are in relative proximity to the unchanged mark and are yet to meaningfully deviate from overnight ranges, ES -0.2%USD is mixed vs G10 pe
READ STORYEuro Market Open: US tech-led woes impacted APAC trade amid generally choppy action
APAC stocks traded mostly lower following the tech-led rout seen on Wall Street which saw the NDX close with losses of 2%DXY was steady and held on to most of the prior day’s gain, USD/JPY was underpinned, Antipodeans attempted to nurse lossesChina will fine-tune COVID control measures and allow hom
READ STORYUS Market Open: Modest deterioration in risk sentiment, though ranges limited with ES pivoting 4k
Choppy session thus far across equities as the region looks for direction, ES circa. 4k.Followed mixed APAC trade given the hawkish Wall St. handover eased on further China COVID control adjustmentsDXY briefly eclipsed Monday's best to a 105.50 peak before fading in relatively limited newsflow and a
READ STORYEuro Market Open: Mixed APAC trade after the hawkish Wall St. handover, RBA hiked 25bp
APAC stocks were somewhat mixed with early headwinds from Wall St where risk assets were pressured as bond yields and the Dollar gainedDXY remained above the 105.00 level, USD/JPY extended on gains with a brief foray above 137.00, and Yuan pared back some recent gainsRBA hiked its Cash Rate by 25bps
READ STORYUS Market Open: China outperforms, modest DXY resurgence & USTs lag after multiple weekend events
European bourses are under modest pressure, Euro Stoxx 50 -0.2%, with US futures in-fittingFollowing fairly contained APAC action though Chinese stocks outperformed amid a further easing of COVID controlsCrude benchmarks have been choppy, but are ultimately firmer post-OPEC+ and as the Russian oil c
READ STORYEuro Market Open: Outperformance in China on further COVID control adj.; OPEC+ rolled over policy
APAC stocks traded mostly positively, although the gains for the rest of the region were limited; China outperformedSeveral Chinese cities accelerated the loosening of COVID-19 restrictions over the weekend including Shanghai and ShenzhenOPEC+ ministers formally endorsed the output policy rollover a
READ STORYWeek Ahead: Highlights include OPEC+, RBA, BOC, China Trade and CPI data, Uni. of Mich. Sentiment
MON: Eurogroup; Chinese Caixin Services PMI (Nov), EZ, UK & US Composite/Services PMI Final (Nov), EZ Retail Sales (Oct), US ISM Services PMI (Nov).TUE: RBA Policy Announcement; Norges Bank Regional Network (Q4), US Georgia Runoff, EIA STEO; German Industrial Orders (Oct), EZ & UK Constructi
READ STORYUS Market Open: Relatively contained trade amid limited newsflow pre-NFP though JPY outpaces
Equities in Europe are mostly mildly softer with the ranges particularly narrow ahead of the US jobs report; US futures in-fittingDXY is under pressure with peers modestly firmer and JPY outpacing given yield differentials and Tamura's remarksBunds are modest bid but failed to breach 143.00 with UST
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