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Euro Market Open: Stocks pressured amid a rocket landing in Poland; numerous speakers ahead
APAC stocks traded lower throughout the session but climbed off session lows as markets juggled the US PPI data and the latest geopolitical developments.Polish Foreign Ministry said a "Russian-made" rocket landed in a Polish village at 15:40 local time on TuesdayUS officials said initial findings su
READ STORYUS Market Open: BTPs bolstered, USD slips and US equity futures firmer; Fed speak ahead
European bourses are mixed overall, Euro Stoxx 50 +0.2%, as opening gains scale back after a mostly constructive APAC session.Stateside, US futures are firmer across the board with Tech leading after strong APAC tech trade and in wake of Fed's Brainard, ES +0.7%.DXY continues to slip after a pronoun
READ STORYEuro Market Open: Mixed APAC trade amid limited newsflow ahead of a busy European & US docket
APAC stocks traded mixed following a weak lead from Wall Street (S&P 500 -0.9%) with newsflow also quiet overnightChinese Retail Oct Sales contracted Y/Y, whilst Industrial Output missed expectations; Japanese Q3 GDP unexpectedly contractedDXY traded on either side of 107.00, EUR/USD and GBP/USD
READ STORYUS Market Open: DXY has reclaimed 107.00, US futures and USTs softer following Fed's Waller
European bourses are posting mild gains, Euro Stoxx 50 +0.2%, with participants awaiting the conclusion of the Biden-Xi meeting.Stateside, futures are pressured as the recent rally seemingly runs out of steam and also following Fed's Waller pushing back on the post-CPI reaction, ES -0.4%.DXY has sur
READ STORYEuro Market Open: Mixed APAC trade with Hong Kong outperforming on potential property sector support
APAC stocks traded mixed despite the positive lead from the US; Hong Kong outperformed on reports China is looking to support its property sectorDXY attempted to claw back recently lost ground but remained under 107.00; Yuan outperformed following a much stronger PBoC fixing vs FridayBitcoin decline
READ STORYWeek Ahead November 14-18th - Highlights include: G20, US retail sales, UK Autumn Statement, China activity data
Week Ahead November 14th-18th:MON: OPEC MOMR, EZ Industrial Production (Sep), Japanese GDP (Q3).TUE: RBA Minutes (Nov), IEA OMR; Chinese Retail Sales (Oct), UK Unemployment Rate (Sep), Claimant Count (Oct), Swedish CPIF (Oct), EZ Trade Balance (Sep), GDP Flash Estimate (Q3), US PPI Final Demand (Oct
READ STORYUS Market Open: Major bourses in Europe are mostly firmer following CPI-induced optimism, with added tailwinds from China easing COVID measures
Major bourses in Europe are mostly firmer following CPI-induced optimism, with added tailwinds from China easing COVID measures; FTSE 100 lags DXY tumbles with G10s all firmer against the Buck, whilst the Yuan outperforms in the EM-spaceCrude futures and base metals are extending the gains seen
READ STORYEuro Market Open: Asian stocks joined in on the global rally after US CPI data and with a further boost after China adjusted COVID protocols including shortening quarantines
APAC stocks traded with firm gains as the region followed suit to the post-CPI global stock surge which saw the Nasdaq 100 close higher by 7.5%.Chinese stocks were boosted in late trade after China relaxed some of its COVID protocols for close contacts and inbound travel.European equity futures
READ STORYUS Market Open: Pre-CPI lull seen across markets, while crypto attempt to claw back recent losses
Major European bourses mostly hold a downward bias following weak handovers from Wall Street and then APAC; US futures are flatIn FX, DXY found a base just above 110.00 before making its way to 111.00; GBP outperforms and the EUR lagsFed’s Kashkari said any talk of a pivot is premature and added tha
READ STORYEuro Market Open: Asian stocks declined after recent crypto turmoil and China COVID woes
APAC stocks traded negatively as the region followed suit to the losses stateside which were prompted by crypto concerns and a stronger USD.European equity futures were subdued with Eurostoxx 50 futures lower by 0.6% after the cash market closed down 0.3% yesterday.DXY is softer but on a 110 handle,
READ STORYUS Market Open: Downside bias across stocks while crypto continues feeling the pain
Major bourses in Europe hold a downside bias after seeing some choppiness at the cash open and following a mixed APAC handover; US futures are also softerUS Midterm Elections are mostly as expected so far with GOP's leading the House while the Senate is seen as a toss-up; there was very little marke
READ STORYEuro Market Open: Asia traded cautiously amid the US Midterm Elections results and China's COVID woes
US Midterm Elections are mostly as expected so far with GOP's leading the House while the Senate is seen as a toss-up.There has been very little market reaction in response to the mid-terms with the Dollar, US indices and T-notes all contained.European equity futures were subdued with Eurostoxx 50 f
READ STORYUS Market Open: Contained trade across assets ahead of US midterms, whilst crypto sold off overnight
Major bourses in Europe portray a mixed picture with no clear conviction seen heading into the US mid-term elections, US equity futures post mild gains but with price action containedDXY gleaned some traction across the board amidst a firmer rebound in Treasury yields, renewed weakness in the Yuan a
READ STORYEuro Market Open: Asia traded mixed with China reopening rumours offset by a further rise in infections
APAC stocks were mixed as the region only partially sustained the early momentum seen following the positive handover from Wall St.European equity futures are contained with Eurostoxx 50 futures up 0.1% after the cash market closed up 0.6% yesterday.DXY is a touch firmer and on a 110 handle, EUR/USD
READ STORYUS Market Open: Sentiment improved with focus on China's COVID updates; Apple trimmed its iPhone output forecast
Major bourses in Europe kicked off the session with mild losses across the board, but have since moved firmly into the green amid China-COVID focusAmidst this, the DXY has faded significantly from an initial rebound to 111.28 highs; currently, holding around 110.30 to the mixed benefit of peersCore
READ STORYEuro Market Open: Firmer APAC trade as reopening bets continue, headwinds from China trade & AAPL
APAC stocks mostly gained as investors continued to pile on the reopening bets despite China 'unswervingly' maintaining its COVID approach, while the region also shrugged off disappointing Chinese trade dataDXY began with early gains and rose back above 111.00 amid the initial risk aversion; G10s we
READ STORYWeek Ahead Preview November 7-11th: Highlights include US CPI, Midterms
MON: Eurogroup; Chinese Trade Balance (Oct), Swiss Unemployment (Oct), EZ Sentix (Nov), US Employment Trends (Oct), Australian Consumer Sentiment (Nov).TUE: US Midterms, CBR Policy Announcement, BoJ SOO (Oct), EIA STEO; EZ Retail Sales (Sep), US NFIB (Oct).WED: NBP Policy Announcement; Chinese CPI (
READ STORYUS Market Open: Sentiment firmer pre-NFP amid further rumours regarding China's COVID policy
European bourses are firmer across the board as the complex benefits from further rumours around an easing of China's COVID policy, Euro Stoxx 50 +1.4%Stateside, futures are firmer across the board with magnitudes a touch more contained vs Europe pre-NFPDXY has pulled back from overnight peaks, wher
READ STORYEuro Market Open: China rallies on unverified reopening rumours, tentative trade elsewhere pre-NFP
APAC stocks were mixed with Chinese stocks rallying on unverified reopening rumours, although the rest of the region was containedDXY retreated beneath the 113.00 level, EUR/USD rebounded as the dollar eased overnight, USD/JPY was choppy around 148.00US audit inspectors finished on-site China work a
READ STORYUS Market Open: Post-Powell risk-off continues; Norges hikes 25bps, BoE up next
European bourses are subdued across the board, Euro Stoxx 50 -0.8%, as the post-Powell pressure reverberates across from APAC trade.Stateside, futures are lower across the board though only marginally so with a busy session ahead incl. BoE and ISM Services PMI; ES -0.3%, NQ -0.3%.USD continues to ri
READ STORYEuro Market Open: Wall St. pressure reverberated into APAC post-Powell; BoE & ISM services ahead
US stocks ultimately suffered notable losses after markets saw a dovish reaction to the Fed statement but a hawkish one during Powell’s presserFOMC hiked rates by 75bps as expected and noted the Fed will take into account "the cumulative tightening of monetary policy, the lags with which moneta
READ STORYUS Market Open: European bourses are mixed; North Korea has reportedly fired at least 23 missiles in total; Russian-Ukraine grain deal resumes
European bourses are mixed as the initial positive bias faded amid downward PMI revisions and increasing geopolitical tensionsUS futures similarly contained and less reactive to the above factors pre-FOMCDXY under modest pressure to the benefit of G10 peers with antipodeans and JPY outpacing, EGBs/U
READ STORYEuro Market Open: Cautious trade after a lacklustre handover with renewed COVID lockdown focus
APAC stocks were mixed with the region cautious after the lacklustre handover from the US ahead of the FOMCDXY slightly softened after the choppy performance yesterday, EUR/USD traded marginally higher, USD/JPY retreated overnightNorth Korea reportedly fired at least 10 missiles from the east and we
READ STORYUS Market Open: European bourses are firmer across the board with commodity stocks leading the way on the overnight China COVID rumours
European bourses are firmer across the board with commodity stocks leading the way on the overnight China COVID rumours.Stateside, futures are similarly supported though magnitudes a touch more contained ES +0.8%; NQ outperforms as global yields pullback.Unconfirmed reports that a Chinese committee
READ STORYEuro Market Open: RBA stuck to 25bp, broader risk appetite improved post-Wall St.; PMIs & ISM ahead
APAC stocks traded firmer as risk appetite improved following a decline on Wall Street; ES +0.6%DXY softened amid the improved risk appetite and as yields took a breather from recent gains, G10s were firmer across the boardAUD/USD pared some of its gains after the RBA stuck to a 25bps hike and refra
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