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Euro Market Open: S&P 500 slipped below 4k though Europe points higher, DXY retreats from YTD best
APAC stocks were mostly negative after the resumed sell-off on Wall St where the S&P 500 slipped beneath 4,000 for the first time since March 2021EU's Von Der Leyen tweeted that progress was made with Hungary but further work is needed.European equity futures are indicative of a marginally highe
READ STORYUS Market Open: Sentiment slips amid renewed yield upside/steepening ahead of Central Bank speakers
European bourses are lower across the board, Euro Stoxx 50 -1.4%, in a continuation of the APAC handover amid multiple fundamental narratives.Stateside, US futures are similarly hindered, ES -1.7%, with the NQ marginally lagging given renewed yield upside.Russian President Putin, in his Victory Day
READ STORYEuro Market Open: Equities are pressured amid ongoing yield upside & as China trade data slows
APAC stocks declined amid recent upside in yields and as participants digested a slowdown in Chinese trade dataUS equity futures remained weak; European equity futures are indicative of a softer openEU ambassadors met on Sunday and failed to agree on a Russian oil ban deal. Ambassadors will meet aga
READ STORYWeek Ahead 9-13th May: Highlights include US CPI, China CPI, UK GDP, RBNZ Inflation Survey, Banxico
MON: Chinese Trade Balance (Apr); EZ Sentix Index (May).TUE: Australian Retail Sales (Q1); German ZEW Survey (May); UK Prelim GDP (Q1); EIA STEO.WED: Chinese Inflation (Apr); UK GDP Estimate (Mar); US CPI (Apr).THU: Banxico; New Zealand Inflation Forecast (Q2); IEA OMR; OPEC MOMR.FRI: US Uni of Mich
READ STORYUS Market Open: EUR outpaces & EGBs lag amid hawkish ECB commentary pre-NFP/Fed speak
European bourses are subdued across the board, Euro Stoxx 50 -1.1%, reacting to the late-doors pressure in Wall St.Currently, US futures are modestly softer but relatively tentative overall going into the NFP release and subsequent Fed speak.EUR bid post hawkish commentary from ECB's Villeroy amid m
READ STORYEuro Market Open: Wall St. retreat and a subdued APAC handover with NFP ahead amid Fed speak
US stocks took a beating and gave back post-FOMC gains in which the DJIA slumped by more than 1000 pointsAPAC stocks were mostly lower amid spillover selling from the sharp declines on Wall StreetDXY held firm amid recent gains in yields and after the stock rout in the US spurred a fl
READ STORYUS Market Open: DXY steadies post-FOMC while USTs pullback and Gilts derive upside pre-BoE
European bourses are firmer across the board, Euro Stoxx 50 +1.3%, benefitting from the perceived less-hawkish Fed and associated Wall St./APAC performance.Stateside, futures are softer across the board though the likes of the ES remain in relative proximity to overnight best levels, ES -0.5%.DXY fi
READ STORYEuro Market Open: Equities bolstered, DXY impaired and yields ease somewhat post-Fed; BoE & OPEC+ ahead
Fed hiked rates by 50bps as expected and will begin trimming its balance sheet on June 1st.Powell said 50bps increases should be on the table at the next couple of meetings and that a 75bps increase is not something they are actively considering.APAC stocks traded positively following the strong han
READ STORYUS Market Open: Rangebound action for US futures and DXY pre-FOMC, with USTs now Unch.
European bourses, Euro Stoxx 50 -0.3%, are modestly softer after another subdued but limited APAC handover amid ongoing regional closures.US futures remain in tight pre-FOMC ranges, with participants also awaiting ISM Services and ADP.WTI and Brent are bid amid the EU's 6th round of Russian sanction
READ STORYEuro Market Open: Cautious trade pre-FOMC and US' Blinken on China
APAC stocks were cautious amid holiday closures and as markets braced for the incoming FOMC announcement.European equity futures are indicative of a marginally positive open with Eurostoxx 50 +0.1% after the cash market closed higher by 0.8% yesterday.DXY is contained around the 103.50 mark with FX
READ STORYUS Market Open: Europe takes the lead from Wall St. upside, AUD outperforms & EGB/UST yields climb
European bourses are firmer across the board, Euro Stoxx 50 +0.6%, following late-door Wall St. upside; though, the FTSE 100 -0.5% lags as it catches up from Monday's holiday.Stateside, futures are modestly firmer/flat on the session but have been rangebound throughout the European morningDXY strugg
READ STORYEuro Market Open: Mixed overnight performance amid closures, AUD leads post-RBA hike
APAC stocks were unable to benefit from the late rally on Wall St. and traded mixed amid key market closures.RBA hiked rates by 25bps to 0.35% (exp. 15bps hike). RBA said it will require a further lift in interest rates during the period ahead.European equity futures are indicative of a firmer open
READ STORYUS Market Open: Subdued European performance amid PMIs, COVID concerns and holiday closures
European bourses are lower across the board, Euro Stoxx 50 -1.60%, following a subdued APAC handover amid holiday-thinned conditions, soft data and COVID concerns.German Final Manufacturing PMI; "The survey's output index is now in contraction territory for the first time since the initial COVID shu
READ STORYEuro Market Open: Pressured APAC session amid holidays, soft data & before key risk events
APAC stocks declined amid mass holiday closures, weak Chinese PMIs and upcoming key risk events.Germany could end its dependence on Russian oil by the end of summer, according to reports.European equity futures are indicative of a weaker open with Eurostoxx 50 -1.3% after the cash market closed high
READ STORYWeek Ahead: Highlights include FOMC, BoE, RBA, Norges, OPEC+; ISM, NFP, US Quarterly Refunding
SUN: Chinese Labour Day Holiday (May 1-4).MON: German Industrial Orders (Mar) and Retail Sales (Mar); EZ, and US Final Manufacturing PMIs (Apr); US ISM Manufacturing PMI (Apr); UK Bank Holiday; Japanese Holiday.TUE: RBA Announcement; South Korean CPI; German Unemployment (Apr); EZ Producer Prices (M
READ STORYUS Market Open: European equities remain on the front foot; DXY pulls back
European equities remain on the front foot on the last trading day of the monthState-side futures were dented overnight amid after-hours losses in Amazon and AppleDollar bulls book profits into month end and DXY pulls back further from near 104.000 peakCBR opted for a bigger-than-forecast 300bp rate
READ STORYEuro Market Open: APAC stocks gained after the firm lead from the US; DXY pulled back from recent highs
APAC stocks gained after the firm lead from the US but with advances in the region capped by disappointing earnings from Amazon and Apple.European equity futures are indicative of a higher open with Eurostoxx 50 +1.5% after the cash market closed higher by 1.1% yesterday.DXY has pulled back fro
READ STORYUS Market Open: Equities in Europe continue to gain; DXY bull run continues
Equities in Europe continue to gain heading into month-end, with overall sentiment across stocks bolsteredUS equity futures are firmer across the board, with the NQ clearly outpacing its peers; Meta +17% pre-marketBoJ maintained policy settings and forward guidance, will conduct fixed-rate JGB
READ STORYEuro Market Open: APAC stocks were higher across the board; FX pairs breach key levels
APAC stocks were higher across the board amid a slew of earnings updates and a dovish BoJ; US futs were supported by Meta (+18.3% after-hours).BoJ maintained policy settings and forward guidance, will conduct fixed-rate JGB buying operations on every working day.Russia is planning referendums o
READ STORYUS Market Open: European stocks recovery; DXY holds above 102.50
European bourses recovered from the losses seen at the cash open, with the region currently posting board-based gainsUS equity futures see slightly more pronounced gains vs Europe following yesterday’s hefty lossesGreenback continues to grind higher in its guise of global reserve and prime safe have
READ STORYEuro Market Open: APAC stocks were mostly negative; DXY remained above 102
APAC stocks were mostly negative after the heavy losses in the US; SPX -2.81%, NDX -3.87%US Secretary of State Blinken said the US has not yet seen a sign that Russian President Putin is serious regarding meaningful negotiations on Ukraine.European equity futures are indicative of a softer open with
READ STORYUS Market Open: European stocks feel reprieve, DXY eyes 102.000, crude wanes, and debt climbs
European bourses feel some reprieve following the bout of selling seen in recent sessionsUS equity futures trade relatively flat with a mild downside bias after trimming earlier lossesRussian Foreign Minister Lavrov said Russia will continue peace talks with Ukraine; Germany will make an announcemen
READ STORYEuro Market Open: APAC stocks rebounded, DXY pulled back
APAC stocks were mostly higher with bourses in the region encouraged after the rebound on Wall Street; S&P 500 +0.6%, NDX +1.3%.Russian Foreign Minister Lavrov said Russia will continue peace talks with Ukraine.Twitter (TWTR) is to be bought by Elon Musk for USD 44bln or 54.20/shr in c
READ STORYUS Market Open: European cash markets kicked off the week lower across the board
European cash markets kicked off the week lower across the board with a relatively broad-based performance seen across the majorsTwitter is reportedly re-examining Elon Musk’s bid in which a potential deal could be made as early as this week, WSJ sourcesStateside futures are lower in tandem with the
READ STORYEuro Market Open: APAC stocks traded negatively after last Friday's stock rout
APAC stocks traded negatively after last Friday's stock rout on Wall Street; S&P 500 posted its worst day since March 7th.Ukraine offered Russia a special round of talks to be held in Mariupol.European equity futures are indicative of a lower open with Eurostoxx 50 -1.7% after the cash market cl
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