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US Market Open: European bourses coat-tail on the positivity seen on Wall Street yesterday; DXY is contained, and bonds recoil
European bourses have coat-tailed on the positivity seen on Wall Street yesterday; sectors overall project a modest defensive biasUS equity futures are firmer across the board – with the NQ narrowly leading the pack, whilst the ES topped resistance at 3,800DXY resides towards the bottom of a relativ
READ STORYEuro Market Open: APAC stocks followed suit to the gains on Wall St; DXY was slightly softer
APAC stocks ultimately followed suit to the gains on Wall St where major indices clawed back opening losses; S&P 500 +1.0%.European equity futures are indicative of a firmer open with Eurostoxx 50 +1.1% after the cash market closed lower by 0.8% yesterday.DXY is a touch softer but still on
READ STORYUS Market Open: Post-PMI risk-off has abated somewhat, Powell Day 2 ahead
European bourses are pressured overall, but well off lows going into the US session, Euro Stoxx 50 -0.2%Broad pressure was seen post-PMIs which missed expectations and featured pessimistic internal commentary; hitting EUR and lifting EGBsEUR impaired by the PMIs which lifted the DXY to a 104.78 peak
READ STORYEuro Market Open: Commodities remain curtailed though APAC stocks were firmer but choppy
APAC stocks were mostly positive following the choppy price action on Wall St with lower oil prices and recession fears in focus; S&P 500 -0.17%. European equity futures are indicative of a softer open with Eurostoxx 50 -0.5% after the cash market closed lower by 0.8% yesterday.DXY is
READ STORYUS Market Open: Sentiment subdued with commodities curtailed ahead of Powell & Biden
European bourses are subdued, Euro Stoxx 50 -1.9%, as Tuesday's positivity waned in the APAC session as commodities slippedStateside, futures are in-fitting with the above action, ES -1.4%, where participants are awaiting the first session of testimony from Chair PowellDXY bid but mid-range pre-Powe
READ STORYEuro Market Open: Commodities pressured in limited newsflow; numerous speakers ahead incl. Powell
APAC stocks were subdued after the risk-on mood from Wall Street (S&P 500 +2.45%) waned overnight amid pressure in commodities.European equity futures are indicative of a lower open with Eurostoxx 50 -1.3% after the cash market closed higher by 0.7% yesterday. DXY is firmer but still o
READ STORYUS Market Open: Generally positive risk tone; focus on Russian gas & Central Bank speak
European bourses are firmer and building on Monday's upside, Euro Stoxx 50 +1.1%; US futures are modestly outperforming, ES +1.7%, post-market holidayDXY is downbeat and sub-104.00 at worst; benefitting G10 peers ex-JPY given the region sticking to its monetary policy stanceCore debt is within range
READ STORYEuro Market Open: Broadly constructive tone awaiting the return of US participants
APAC stocks gained across the board amid a broadly constructive global risk tone (US markets closed yesterday)European equity futures are indicative of a higher open with Eurostoxx 50 +0.6% after the cash market closed higher by 0.9% yesterdayDXY trades a touch softer, EUR/USD sits on a 1.05 handle,
READ STORYEuro Market Open: A softer APAC tone amid a US holiday & ahead of multiple speakers
APAC stocks were mostly negative with risk appetite cautious and global markets also likely to be hampered by the absence of US participants today.European equity futures are indicative of a softer open with Eurostoxx 50 -0.3% after the cash market closed higher by 0.3% yesterday.DXY is softer and o
READ STORYNewsquawk Week Ahead 20-24th June: Highlights include PBoC LPR, RBA Minutes, Global PMIs, UK Inflation, Norges, CBRT and Banxico Rate Decisions
MON: PBoC LPRTUE: New Zealand Trade Balance (May); Canadian Retail Sales (Apr); RBA MinutesWED: CNB Announcement; UK Inflation (May); Canadian Inflation (May)THU: Norges Bank Announcement; CBRT Announcement; Banxico Announcement; EZ/UK/US Flash PMIs (Jun)FRI: Japanese CPI (May); UK Retail Sales (May
READ STORYUS Market Open: JPY hampered as BoJ remains steadfast; Quad Witching & Powell ahead
European bourses are now firmer across the board, Euro Stoxx 50 +1.2%, as performance picks up following a mixed open amid comparably quiet newsflowUS futures are in-fitting though the overall complex is cognisant of Quad Witching & Chair PowellDXY bid as the JPY tumbles amid the BoJ bucking the
READ STORYEuro Market Open: BoJ bucks the trend and remains steadfast, pressuring JPY; Powell ahead
APAC stocks mostly suffered firm losses amid the global risk-aversion which saw the S&P 500 close lower by 3.1%.BoJ kept policy settings unchanged as expected and will keep offering to buy 10yr JGBs at 0.25%.DXY has reclaimed 104 status, JPY is the clear laggard in G10 FX, EUR/USD sits on a
READ STORYUS Market Open: CHF lifted, sentiment dented and yields lifted following a surprise 50bp SNB hike
European bourses and US futures are hampered following a surprise SNB hike, with pronounced price action seen across assetsSNB hikes by 50bp to -0.25% and cannot rule out further increases ahead; sparking noted CHF appreciationDXY is well off best levels, but has recouped 105.00 as activity currenci
READ STORYEuro Market Open: Mixed/positive trade after the FOMC-induced rally; BoE & SNB ahead
APAC stocks were mostly positive and followed suit to the gains on Wall Street post-FOMC; SPX +1.46%The Fed hiked rates by 75bps and lifted its FFR projections, Fed Chair Powell said he does not expect 75bps moves to be commonEuropean equity futures are indicative of a positive open with Eurost
READ STORYUS Market Open: EUR bid and the BTP-Bund spread narrows amid an ad-hoc ECB meeting, pre-FOMC
US futures are firmer across the board, ES +0.3%, though overall action here is more contained than in Europe given the FOMC loomsEuropean bourses are supported amid an ad-hoc ECB meeting on current market conditions, an update which bolstered the EUR and narrowed the BTP-Bund spreadHowever, the spr
READ STORYEuro Market Open: Mixed trade with FOMC ahead and just-announced ad-hoc ECB meeting
APAC stocks traded mixed following a mostly negative US lead and better-than-expected Chinese activity data.European equity futures are indicative of a mildly positive open with Eurostoxx 50 +0.3% after the cash market closed with losses of 0.8% yesterday.DXY is relatively flat ahead of the European
READ STORYUS Market Open: European & US futures diverge, DXY slips and yields flatten awaiting Fed clarity
European bourses began on the front-foot; however, the ‘turnaround’ was shortlived with bourses now red across the board, Euro Stoxx 50 -0.8%.Stateside, futures remain modestly positive, ES +0.4%, awaiting clarity from the Fed amid increasing speculation of a 75bp moveDXY continues to slip with peer
READ STORYUS Market Open: European & US futures diverge while DXY slips and yields flatten awaiting Fed clarity
European bourses began on the front-foot; however, the ‘turnaround’ was shortlived with bourses now red across the board, Euro Stoxx 50 -0.8%.Stateside, futures remain modestly positive, ES +0.4%, awaiting clarity from the Fed amid increasing speculation of a 75bp moveDXY continues to slip with peer
READ STORYEuro Market Open: APAC pressure following Monday's rout and growing calls for a 75bp Fed move
APAC stocks were pressured following the global stock and bond slump; S&P 500 -3.9%, NQ -4.6%A WSJ piece noted the Fed is likely "to consider surprising markets with a larger-than-expected 0.75-percentage-point interest rate increase at their meeting this week".European equity futures are indica
READ STORYUS Market Open: Broad-based, inflation induced, selling pressure amid fresh China-COVID concerns
European bourses are hampered across the board, Euro Stoxx 50 -2.5%, in a continuation of the fallout from Friday's US CPI and amid fresh COVID concerns in China.US futures are in-fitting with this price action, ES -2.4% (sub-3800 at worst), ahead of the FOMC where the likes of Barclays now look for
READ STORYEuro Market Open: US inflation impaired APAC trade with Europe indicated lower once more
APAC stocks declined across the board following the hot US CPI and amid fresh COVID concerns in China.European equity futures are indicative of a lower open with Eurostoxx 50 -1.5% after the cash market closed with losses of 3.4% on Friday.DXY held on to recent gains, EUR/USD is back below 1.05 and
READ STORYNewsquawk Week Ahead 13-17th June: Highlights include FOMC, BoE, BoJ and China activity data
MON: UK GDP Estimate (Apr).TUE: UK Jobs Data (Apr/May); Swedish CPI (May); German ZEW Survey (Jun); US PPI (May); OPEC MOMR.WED: FOMC Announcement; BCB Announcement; Chinese Industrial Production and Retail Sales (May), French CPI (May), US Retail Sales (May), New Zealand GDP (Q1); IEA OMR.THU: BoE
READ STORYUS Market Open: Contained US trade pre-CPI, Europe pressured on APAC readacross
European bourses are pressured in a continuation of the APAC handover, Euro Stoxx 50 -1.6%US futures are mixed/flat for the most part, ES -0.2%, ahead of the US CPI releaseDXY is bid but off 103.49 best levels while antipodeans/JPY outperform as GBP and CAD lagBTP-Bund yield spread continues to grad
READ STORYEuro Market Open: Subdued tone reverberated into APAC trade, US CPI ahead
APAC stocks were mostly negative after the glum mood rolled over from global counterparts (S&P 500 -2.4%)European equity futures are indicative of a lower open with Eurostoxx 50 -0.9% after the cash market closed with losses of 1.7% yesterdayDXY is softer but maintains 103 status, EUR/USD remain
READ STORYUS Market Open: Relatively contained/choppy trade thus far with the ECB ahead
Equities are, overall, struggling for clear direction in relatively cautious trade going into ECB; Euro Stoxx 50 -0.5%Bourses, and US futures, were lifted amid further constructive China tech developments, this time for Ant; albeit, we have drifted modestly off best since, ES +0.3%DXY remains in pro
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