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Euro Market Open: EUR pressured despite hawkish commentary, equities point lower
APAC stocks took their cue from Friday's sell-off on Wall St post-Powell which saw the S&P 500 close lower by 3.4%.European equity futures are indicative of a lower open with the Euro Stoxx 50 future -1.3% after the cash market closed down by 1.9% on Friday.DXY printed a fresh YTD peak overnight
READ STORYWeek Ahead: Highlights include US jobs report, ISM; China PMIs; EZ inflation
MON: EU Defence Ministers Meeting (1/2), UK Summer Bank Holiday; Australian Retail Sales (Jul), Swedish Trade Balance (Jul).TUE: EU Defence Ministers Meeting (1/2), NBH Policy Announcement; Japanese Unemployment (Jul), German CPI Prelim. (Aug), UK BoE Consumer Credit (Jul), EZ Consumer Confidence Fi
READ STORYUS Market Open: Contained trade overall with updates limited pre-Powell at Jackson Hole
European bourses are currently contained, Euro Stoxx 50 -0.2%, as initial price action eased with catalyst thin pre-PowellStateside, futures are under modest pressure, ES -0.4%, and the NQ -0.6% lags slightly given modest yield upsideDXY fades initial gains with EUR marginally back above parity and
READ STORYEuro Market Open: DXY remains contained with US yields incrementally higher pre-Powell
APAC stocks took impetus from Wall St where stocks eventually ramped up heading into the close (SPX +1.41%, NDX +1.75%)European equity futures are indicative of a higher open with the Euro Stoxx 50 future +0.5% after the cash market closed up by 0.2% yesterdayDXY is contained on a 108 handle, antipo
READ STORYUS Market Open: Initial pronounced price action has eased somewhat as we await Jackson Hole
European bourses are essentially unchanged, Euro Stoxx 50 -0.1%, as an initial pronounced foray higher around the cash open that occurred without driver has dissipated.Stateside, futures remain modestly firmer but are similarly off best levels, ES +0.5%, ahead of Jackson Hole beginning today (Powell
READ STORYEuro Market Open: APAC stocks traded higher, DXY is softer, and crude oil futures eked mild gains
APAC stocks took impetus from the positive handover from Wall St (S&P 500 +0.3%) but with gains capped as attention remained on the looming Jackson Hole Symposium.European equity futures are indicative of a slightly higher open with the Euro Stoxx 50 future +0.3% after the cash market closed up
READ STORYUS Market Open: Cautious equity action with drivers limited, USD recoups & EGBs/USTs diverge
Cautious price action in European hours with fresh drivers limited and the docket sparse ahead of Jackson Hole commencing on Thursday (Powell Friday), Euro Stoxx 50 -0.1%Stateside, futures are in-fitting both directionally and in terms of magnitude, ES -0.1%.DXY has recouped some of Tuesday's pressu
READ STORYEuro Market Open: Mixed trade while DXY recovers vs peers ex-JPY
APAC stocks were mixed following the lacklustre lead from global counterparts (SPX -0.26%, NDX -0.07%).European equity futures are indicative of soft open with the Euro Stoxx 50 future -0.3% after the cash market closed lower by 0.2% yesterday.DXY clawed back some data-inspired losses, JPY leads G10
READ STORYUS Market Open: Pronounced PMI-driven price action in EGBs, DXY tested 109.29 YTD peak before easing
European bourses have reversed initial pressure following EZ Flash PMIs, Euro Stoxx 50 +0.2%, which were mostly mixed though noted of less intense price pressures.Stateside, futures are firmer, ES +0.2%, and have been in-fitting with European peers throughout the morning awaiting their own Flash PMI
READ STORYEuro Market Open: Crude climbs on Saudi remarks, DXY above 109.00 & EUR/USD remains below parity
APAC stocks were mostly lower after the negative mood rolled over from global counterparts amid growth and energy-related concerns.European equity futures are indicative of a flat open with the Euro Stoxx 50 future unchanged after the cash market closed lower by 1.9% yesterday.DXY sits on a 109 hand
READ STORYUS Market Open: Risk-off amid unscheduled Nord Stream 1 maintenance, EUR/USD probes parity
European bourses are under pressure, Euro Stoxx 50 -1.8%, amid Nord Stream 1 maintenance.US futures are in-fitting both in terms of direction and magnitude, ES -1.3%, amid global recession and inflation fears.DXY has extended above Friday's peak as EUR/USD probes parity once as safe havens benefit s
READ STORYEuro Market Open: Contained trade amid Nord Stream maintenance and PBoC LRP cuts
APAC stocks were mostly lower after last Friday’s declines in stocks and bonds across global marketsDXY traded rangebound near a monthly high, EUR/USD remained lacklustre, and USD/JPY was kept afloatRussia is to shut the Nord Stream 1 pipeline for three days citing maintenance; China’s Sichuan exten
READ STORYWeek Ahead 22-26th August: Highlights include: Jackson Hole, US PCE; PBoC LPR, ECB minutes; Flash PMIs
MON: PBoC LPRs & Israel Policy Announcement; Swiss M3 (Jul), UK CBI Trends (Aug), US National Activity Index (Jul).TUE: NBP Policy Announcement; Australian, EZ, UK & US Flash PMIs (Aug), EZ Consumer Confidence Flash (Aug).WED: South African CPI (Jul), Canadian Business Barometer (Aug), US Du
READ STORYUS Market Open: Further hawkish price action in relatively limited newsflow, Fed's Barkin due
European bourses are under modest pressure, Euro Stoxx 50 -0.6%, in a session of limited newsflow with focus on continuing hawkish price action.Stateside, given the hawkish action, NQ -1.0% is the incremental underperformer ahead of commentary from 2024 voter Barkin.Commodities are under broad press
READ STORYEuro Market Open: Contained trade with drivers limited and a quiet schedule ahead
APAC stocks lacked firm direction despite the mild tailwinds from the US where sentiment was somewhat underpinned by mostly encouraging data.European equity futures are indicative of a marginally lower open with the Euro Stoxx 50 future -0.2% after the cash market closed higher by 0.6% yesterday.DXY
READ STORYUS Market Open: Crude climbs amid Russian rhetoric, Fixed steady after Schnabel induced pressure
European bourses began the session mixed/flat and are yet to gain any real traction in relatively limited newsflow, Euro Stoxx 50 +0.5%.Stateside, performance is similar ahead of a few corporate updates, data and Fed speak, ES +0.1%WTI and Brent were bolstered by rhetoric from the Russian Defence Mi
READ STORYEuro Market Open: FOMC minutes note a risk of overtightening, multiple Fed speakers ahead
APAC stocks mostly declined following the weak handover from global counterparts as markets ramped up hawkish central bank pricing.FOMC Minutes noted many officials saw a risk the Fed could tighten more than necessary.European equity futures are indicative of a marginally higher open with
READ STORYUS Market Open: Debt retracement continues and DXY firmer with Retail Sales & Minutes due
European bourses have dipped from initial mixed/flat performance and are modestly into negative territory, Euro Stoxx 50 -0.5%.Stateside, futures are under similar pressure awaiting fresh corporate updates (LOW & TGT thus far) and the July FOMC Minutes, ES -0.6%.USD bid but off best with Retail
READ STORYEuro Market Open: Firmer equity open indicated, NZD leads, FOMC mins & Retail Sales ahead
APAC stocks just about shrugged off the choppy lead from the US where markets were tentative amid mixed data signals and strong retailer earnings.European equity futures are indicative of a marginally higher open with the Euro Stoxx 50 future +0.5% after the cash market closed higher by 0.4% yesterd
READ STORYUS Market Open: Equities firmer though curtailed post-ZEW, crude under pressure on JCPOA
European bourses are firmer across the board after a relatively constructive APAC handover, Euro Stoxx 50 +0.4%, though off best levels post-ZEW.US futures are in contained ranges and pivoting the unchanged mark at this point in time, ES -0.2%; HD and WMT in focus.DXY has breached last week's peak t
READ STORYEuro Market Open: Crude remains pressured while broader sentiment is mostly positive
APAC stocks were mostly positive as the region followed suit to the gains on Wall Street, albeit growth concerns lingered.European equity futures are indicative of a marginally higher open with the Euro Stoxx 50 future +0.3% after the cash market closed higher by 0.3% yesterday.DXY remained ste
READ STORYUS Market Open: Crude curtailed amid Iranian nuclear developments, DXY bid and Yuan soft
Major bourses in Europe kicked off the session with modest broad-based gains before trimming gains amid a cautious tone; stateside performance more subduedCrude benchmarks under pronounced pressure amid constructive Iranian nuclear deal updates; Iran to update before end of sessionDXY has been picki
READ STORYEuro Market Open: Mixed APAC trade amid PBoC MLF & RRR cuts alongside soft data
APAC stocks were mixed, Chinese data missed expectations whilst the PBoC surprised with 10bps rate cuts to its 1yr MLF rate and 7-day Reverse Repo rateDXY failed to sustain the early gains against its major counterparts, EUR/USD remained lacklustre, USD/JPY initially retreated but then pared most of
READ STORYWeek Ahead Preview: Highlights include FOMC minutes, US Retail Sales, UK and Canadian CPI, RBNZ decision
MON: BoC Loan Officer Survey; Japanese GDP (Q2), Chinese Retail Sales & Industrial Output/Production (Jul), US NY Fed Manufacturing (Aug), NAHB Housing Market Index (Aug)TUE: RBA Minutes (Aug); UK Unemployment (Jun) & Claimant Count/HMRC (Jul), Indian WPI (Jul), German ZEW (Aug), Canadian Ho
READ STORYUS Market Open: Modest risk-on price action has ebbed amid China ADS updates
European bourses are firmer, but action has been relatively contained with newsflow slim, Euro Stoxx 50 +0.2%; however, benchmarks waned alongside US futures following China ADS updates.Currently, ES +0.4% but similarly off best levels amid Chinese stocks announcing intentions to delist their ADSs a
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