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Euro Market Open: Subdued and tentative trade ahead of the US NFP jobs report
APAC stocks were subdued following the uninspired lead from the US ahead of the looming NFP jobs report.European equity futures were slightly lower with the Euro Stoxx 50 future down 0.2% after the cash market closed with gains of 0.5% yesterday.DXY remains sub 105, EUR/USD breached 1.05 to the upsi
READ STORYUS Market Open: post-Powell dovish price action continues, US futures steady pre-data
European bourses have benefited from the post-Powell surge, US futures more contained pre-dataAdditional support derived in APAC hours from China's PMIs and COVID adjustmentsDXY remains downbeat given the dovish Powell reaction, JPY is the standout beneficiary given rate differentialsEGBs are bid wi
READ STORYEuro Market Open: Wall St. & APAC rallied on Chair Powell alongside Chinese data & COVID updates
APAC stocks took impetus from the strong rally on Wall Street (SPX +3.06%, NDX +4.58%) after Fed Chair Powell’s speech.Fed Chair Powell said it makes sense to moderate the pace of interest rate hikes, adding he does not want to over-tighten but cutting rates is not something to do soon.Chinese
READ STORYUS Market Open: EGBs dented as core EZ inflation fails to decline, all eyes on Powell
European equities trade on a firmer footing following mixed leads from Wall St, with eyes set on Fed Chair PowellDXY under pressure after failing to surpass 107.00 overnight, Cable above 1.20 with antipodeans leadingYuan, base metals and COVID-sensitive areas supported following the latest China tes
READ STORYEuro Market Open: Predominantly positive trade though Chinese PMIs capped gains
APAC stocks eventually traded mostly higher although gains were capped following the subdued handover from Wall St and disappointing Chinese PMI data.European equity futures were positive with the Euro Stoxx 50 future up 0.5% after the cash market closed flat yesterday.DXY ran out of steam ahead of
READ STORYUS Market Open: EGBs bid post inflation data, sentiment supported by China COVID updates
European bourses trade mixed after the initial China-led optimism petered out in early European hours, Euro Stoxx 50 +0.2%.US futures are supported but off best levels ahead of Powell on Wednesday and data points thereafter, ES +0.3%USD remains underpinned above 106.00 after Monday’s Fed speak, but
READ STORYEuro Market Open: Risk appetite spurred by China updates amid hawkish Fed rhetoric
APAC stocks were mostly positive with the improvement in risk appetite spurred after China protests were clamped down on by police.Fed's Bullard said markets are underpricing the risk that the Fed may be more aggressive, Williams sees a somewhat higher rate path in 2023 vs the September SEPs.Eu
READ STORYUS Market Open: Sentiment sapped by ongoing COVID concern, USD pressured into month-end
Cash bourses in Europe hold the downside bias seen across APAC stocks overnight which emanated from China reporting a record increase in COVID casesStateside, futures are under similar pressure with the ES below 4000USD is under pressure as the risk tone favours JPY & others, alongside month-end
READ STORYEuro Market Open: Sentiment slips amid ongoing China COVID concerns & subsequent unrest
APAC stocks traded mostly lower with risk appetite sapped by the ongoing COVID-related issues in China which has resulted in public unrest.European equity futures are indicative of a lower open with the Euro Stoxx 50 future -0.6% after cash markets closed flat on Friday.DXY remains stuck on a 106 ha
READ STORYWeek Ahead November 28th- December 2nd: Highlights include: Eurozone CPI, US ISM, NFP, PCE
MON: Australian Retail Sales (Oct), EZ M3 (Oct), Japanese Unemployment (Oct), Retail Sales (Oct)TUE: Swiss GDP (Q3), EZ Consumer Confidence Final (Nov), German CPI Prelim. (Nov), US Monthly Home Price (Sep)WED: Chinese NBS PMIs (Nov), German Import Prices (Oct), Swiss KOF (Nov), German Unemployment
READ STORYUS Market Open: DXY recovers amid a PBoC RRR cut in otherwise holiday-sapped trade
European bourses and US futures are near the unchanged mark with newsflow limited in holiday-sapped tradeDXY has experienced a resurgence to 106+ parameters, aided by the PBoC cutting the RRR as toutedCore fixed is under pressure with Bund’s below yesterday’s trough though holding onto the 141.00 ma
READ STORYEuro Market Open: Rangebound post-Thanksgiving trade ahead of a limited schedule/session
APAC stocks traded mixed with price action mostly rangebound amid a lack of notable newsflow and Wall St. trade.European equity futures were uneventful with the Euro Stoxx 50 future -0.1% after cash market closed up by 0.4% yesterday.DXY remains on a 105 handle, EUR/USD holds on to 1.04 status, G10
READ STORYEuro Market Open: APAC sentiment underpinned post FOMC Minutes, contained trade elsewhere
APAC stocks followed suit to the gains on Wall St with risk sentiment underpinned following the FOMC Minutes which supported the view for the Fed to shift to smaller rate hike increments.China reported daily new COVID-19 cases in the mainland reached a record high and ordered a lockdown in Zhengzhou
READ STORYUS Market Open: Crude capped by price cap reports, overall sentiment tentative
European bourses are flat/mixed and have struggled for direction all morning despite fleeting hawkish reactions to the region's PMIsStateside, action is similarly ahead of a somewhat busier data docket on the last full session before ThanksgivingDXY reclaims but struggles to advance on 107.00 while
READ STORYEuro Market Open: NZD outperforms post 75bp RBNZ hike, APAC trades positive following Wall St.
APAC stocks took impetus from the positive handover from Wall St where sentiment was underpinned amid a global risk revival.European equity futures were modestly higher with the Euro Stoxx 50 future +0.3% after cash markets closed up by 0.5% yesterday.DXY trades flat just above the 107 mark, EUR/USD
READ STORYUS Market Open: Sentiment struggles for clear direction amid relatively limited newsflow
European bourses are modestly firmer, Euro Stoxx 50 +0.2%, though fresh developments have been limited and the upside itself is tentative at best.USD has lost overnight recovery momentum with peers benefiting across the board with the Kiwi leading ahead of the RBNZRangebound trade for core fixed inc
READ STORYEuro Market Open: Mixed/positive trade in an attempted recovery of Monday's action
APAC stocks were mostly positive as regional bourses attempted to recover from the recent China COVID woes.European equity futures were modestly higher overnight with the Euro Stoxx 50 future +0.2% after cash markets closed lower by 0.4% yesterday.DXY has pulled back after topping out just 
READ STORYUS Market Open: COVID controls weigh on risk appetite, US supply ahead
European bourses are pressured across the board, Euro Stoxx 50 -0.6%, as China's COVID crackdown weighs on sentimentStateside, futures are similarly impaired at the start of a holiday-thinned week with today's US docket particularly thin ex-supplyUSD has benefited from above risk-aversion with G10 p
READ STORYEuro Market Open: Sentiment slips amid fresh China COVID headwinds
APAC stocks began the week mostly lower amid headwinds from China after several areas announced fresh virus restrictions.European equity futures were softer overnight with the Euro Stoxx 50 future -0.3% after cash markets closed higher by 1.2% on Friday.DXY is back on a 107 handle with EUR/USD, Cabl
READ STORYWeek Ahead November 21-25th: Highlights include: Fed & ECB mins, PBOC, RBNZ, Flash PMI's
MON: PBoC LPR & Israel Policy Announcements; German Producer Prices (Oct), US National Activity Index (Oct), New Zealand Trade Balance (Oct), UK CBI Orders (Nov)TUE: EZ Current Account (Sep), Canadian Retail Sales (Sep), EZ Consumer Confidence Flash (Nov), US Richmond Fed (Nov), Australian PMIs
READ STORYUS Market Open: Equities firmer, USD sips and EGBs pare losses with geopolitics and TLTRO in focus
European bourses have experienced a firm bounce throughout the morning, Euro Stoxx 50 +1.2%, one which has occurred without a clear fundamental driver.Stateside, performance is much the same though magnitudes are a touch more contained, ES +0.6%.Core benchmarks are under notable pressure, downside w
READ STORYEuro Market Open: Firmer APAC trade despite a N. Korean ICBM launch
APAC stocks traded mostly firmer as sentiment somewhat picked up following the negative handover from Wall StreetDXY was choppy on either side of 106.50 but held a downside bias whilst G10s gained and the NZD and GBP outperformedEuropean equity futures were firmer overnight, with the Euro Stoxx 50 f
READ STORYUS Market Open: Sentiment slips amid a marked USD recovery, seemingly without driver
Stocks in Europe are on a mixed footing after scaling back opening gains with no clear fundamental catalyst driving price action thus far ahead of numerous events.Similar action in US futures with the ES back below 4k ahead of data, Fed speak and some corporate updates.DXY has seen an intra-day reco
READ STORYEuro Market Open: Central bank updates led the APAC narrative ahead of the UK budget
APAC stocks traded mostly lower throughout the session following the downbeat lead from Wall Street (-0.8%). DXY was choppy in a tight range and traded on either side of 106.50 after printing a 105.85-106.79 range yesterday; Yuan underperformedECB officials may favour a 50bps rate hike in Decem
READ STORYUS Market Open: Sentiment cautious amid numerous geopolitical developments ahead of several speakers
European bourses have spent much of the morning fairly contained but with a gradually increasing negative bias, as the recent rally pauses amid numerous geopolitical developments.DXY is once again on the backfoot and sub-106.00 to the modest benefit of peers, ex-JPY.The bund is currently near the un
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