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Week Ahead 25-29th April: Highlights include US PCE, US Employment Costs, US Advance GDP, EZ Flash CPI, Aussie CPI, BoJ, Riksbank, CBR
MON: German Ifo (Apr), US National Activity Index (Mar).TUE: NBH Policy Announcement; Japanese Unemployment (Mar), UK PSNB (Mar), US New Home Sales (Mar).WED: Chinese Industrial Profits (Mar), Australian CPI (Q1), German GfK (May), New Zealand Trade Balance (Mar).THU: BoJ & Riksbank Policy Annou
READ STORYUS Market Open: Europe reacts to hawkish Central Bank commentary after APAC/Wall St. pressure
Equities are pressured across the board with Europe reacting to hawkish Central Bank commentary and the subsequent subdued APAC/Wall St. handoverUS futures are modestly softer after pivoting contained APAC parameters, today is the last day before Fed blackoutDXY continues to climb printing fresh YTD
READ STORYEuro Market Open: Yields continue to climb amid Central Bank commentary, impacting equities
APAC stocks were negative on spillover selling from Wall St with risk sentiment sapped amid higher yields.Ukrainian President Zelensky said Russia rejected a proposal for an Easter truce, according to Reuters.European equity futures are indicative of a lower open with Eurostoxx 50 -1.8% after the ca
READ STORYUS Market Open: EUR leads and debt recedes after de Guindos; Powell, Lagarde & Bailey ahead
European bourses and US futures are bolstered, ES +0.8%, with currency dynamics lifting EZ bourses and after-market earnings assisting, TSLA +7%DXY is pressured amid EUR advances following ECB’s de Guindos saying a July hike is possible, also sparked noted debt downsideMore broadly, FX sees some div
READ STORYEuro Market Open: Mixed trade with catalysts limited, Ukraine is ready to hold Mariupol negotiations
APAC stocks followed suit to the mixed performance on Wall St amid a lack of fresh macro drivers.Kyiv is ready to hold a special round of negotiations in Mariupol without conditions, according to Reuters.European equity futures are indicative of a slightly higher open with Eurostoxx 50 +0.3% after t
READ STORYUS Market Open: Continued pickup in broad equity performance as yields recede & DXY slips; NFLX -26%
European bourses and US futures were choppy at the commencement of the European session, but, have since derived impetus in relatively quiet newsflow amid multiple earnings and as yields continue to ease; ES Unch.NFLX lower by 26% in the pre-market as subscriber numbers fall; TSLA due after the clos
READ STORYEuro Market Open: Predominantly positive APAC trade with LPRs U/C, NFLX slumps as subscribers fall
APAC stocks eventually traded mostly positive after the firm handover from the US which saw a solid performance for the NDX.The PBoC defied expectations for a cut to its benchmark lending rates.Netflix shares fell 26% after-hours as subscribers declined for the first time in over a decade.European e
READ STORYUS Market Open: Equities are negative across the board as yields climb while USD/JPY soars
European bourses and futures are negative across the board, ES -0.3%, as initial contained trade gave way under further yield advances, NQ -0.4% lags as suchDXY remains above 100.00 but has swung between gains & losses as peers, ex-JPY, saw a shortlived pickup across the boardUSD/JPY has continu
READ STORYEuro Market Open: Mixed APAC performance as trade picks up with the JPY notably hampered
APAC stocks saw a mixed performance as more markets reopened and trade picked up from the holiday lull.European equity futures are indicative of a weaker open with Eurostoxx 50 -0.7% on return from the holiday weekend.Ukraine's armed forces command said Russia's main military focus is on taking
READ STORYWeek Ahead 18-22nd April: Highlights include China data, PBoC LPR, Flash PMIs
MON: Chinese GDP (Q1), Industrial Production (Mar) & Retail Sales (Mar)TUE: RBA Minutes (Apr); US Building Permits/Housing Starts (Mar)WED: PBoC LPR; Japanese Trade Balance (Mar), EZ Trade Balance (Feb), Canadian CPI (Mar), US Existing Home Sales (Mar), New Zealand CPI (Q1)THU: CBRT Minutes (Apr
READ STORYUS Market Open: TWTR soars on Musk's offer, while DXY & Debt retreat further; key risk events ahead
European bourses are modestly firmer, but off best levels, with US futures contained ahead of risk eventsUS futures remain in narrow parameters before Retail Sales and GS/MS earnings; TWTR flies on Musk’s offer to buy at USD 54.20/shrDXY pressured and slipping further from 100.00, NZD bounces, EUR g
READ STORYEuro Market Open: Futures are firmer after a similar APAC handover, ECB & earnings ahead
APAC stocks were mostly positive after the gains on Wall St which saw the NQ outpace peers with gains of 2%.Bank of Korea unexpectedly raised its Base Rate by 25bps to 1.50% with the decision unanimous.European equity futures are indicative of a higher open with the Euro Stoxx 50 future +0.6% after
READ STORYUS Market Open: US futures are supported post-CPI as earnings season begins, JPM & BLK feature
European bourses are pressured across the board, though US peers are faring better and positive post-CPI as earnings season begins, ES +0.3%DXY remains above the 100.00 mark posting a 100.52 high, while NZD lags in-spite of a 50bp RBNZ moveCore debt is pressured, but has staged a modest recovery fro
READ STORYEuro Market Open: APAC equity rebound though Europe points lower, earnings season gets underway
APAC stocks mostly shrugged off the weak lead from the US and rebounded from a two-day losing streak.Fed's Bullard (2022 voter) said the Fed must put the brakes on economic activity to address surging prices.European equity futures are indicative of a softer open with the Euro Stoxx 50 future -0.2%
READ STORYUS Market Open: US futures have lifted to Unch. pre-CPI, with DXY and yields elevated but off best
European Equities remain subdued but well off lows as participants await US CPI, the easing of initial pressure has US futures unchangedDXY continue to grind higher printing a 100.23 high to the mixed fortune of peers as AUD & NZD remain resilientCore debt has bounced pre-CPI as Bunds/Gilts deri
READ STORYEuro Market Open: Ongoing yield upside continues to impact equities, DXY holding above 100.00
APAC stocks followed suit to the losses across global counterparts amid higher yields and inflationary concerns.Ukraine’s Azov regiment reported the use of chemical weapons by Russian forces in Mariupol; reports are yet to be officially verified.European equity futures are indicative of a weaker ope
READ STORYUS Market Open: Equities recover to mixed performance though NQ lags amid renewed yield upside
European bourses are mixed, Euro Stoxx 50 -0.1%, with benchmarks well off lows in a choppy and yield-driven morning; US futures are in-fitting with NQ lagging amid the rate environmentCAC 40 +0.7% is the notable outperformer amid the first round of the French election where incumbent-Macron came out
READ STORYEuro Market Open: EUR fades initial French election strength while APAC trade was cautious
APAC stocks were mostly cautious amid the higher yield environment and COVID-19 woes in China with a fresh record number of daily infections in Shanghai.Russian President Putin is believed to have given himself four weeks to achieve some sort of a victory.French President Macron (27.6%) and far
READ STORYUS Market Open: Initial risk-on diminishes in quiet newsflow, DXY eclipses 100.00 as yields climb
European bourses are firmer across the board, Euro Stoxx 50 +1.5%, in a morning of quiet newsflowUS futures have given up some of their initial upside, but remain modestly firmer, ES +0.2%DXY touches 100.00 lifted amid the ongoing rise in yields with FX peers mixed, RUB resilient despite emergency r
READ STORYEuro Market Open: Choppy APAC trade with catalysts slim though Shanghai COVID cases remain high
APAC stocks were choppy and eventually conformed to a mixed picture.Shanghai will continue a new round of citywide COVID tests on Friday as the number of positive cases has remained high.European equity futures are indicative of a firmer open with the Euro Stoxx 50 future +0.8% after the cash m
READ STORYUS Market Open: DXY makes new YTD peak while debt recoups ahead of ECB Mins & BoE/Fed speak
European bourses are firmer across the board returning to post-cash open levels after a choppy morning in relatively thin newsflowExplicitly, Euro Stoxx 50 +0.7%; stateside, futures are relatively in-line with this action though the NQ, +0.5%, outperforms as the yield upside pausesDXY set a new YTD
READ STORYEuro Market Open: Downbeat sentiment echoed into APAC from Wall St., ECB minutes ahead
APAC stocks traded lower throughout most of the session as the downbeat mood reverberated from Wall Street.DXY pulled back closer towards 99.50 in early APAC hours as US yields eased; commodity-FX lagged.The FOMC minutes were hawkish with regards to the monthly caps on Treasuries/MBS and on rates.Eu
READ STORYUS Market Open: Equities drift with NQ lagging & yields advance further pre-FOMC Minutes
Equity bourses/futures have come under further pressure after a tepid APAC handover, as the NQ underperforms amid renewed yield advances pre-FOMC MinutesHowever, while ES has lost the 4500 mark it is yet to test/breach the 200-DMA at 4484Geopolitical updates have been thin and primarily focused arou
READ STORYEuro Market Open: Futures point lower after a downbeat APAC handover ahead of Fed Mins & ECB speak
APAC stocks traded lower across the board following the losses on Wall Street; S&P 500 -1.2%, Nasdaq -2.2%.European equity futures are indicative of a slightly softer open with the Euro Stoxx 50 future -0.4% after the cash market closed lower by 0.8% yesterday.DXY remains firm above 99.50 (fresh
READ STORYUS Market Open: Fleeting upside dissipates amid the latest Russian sanction plans
European bourses began the session lackluster before seeing a marginal pick up amid broader risk-on moves as Ukraine's Zelensky spoke.However, this upside was fleeting with bourses and US futures now softer, ES -0.30%, amid reports of EU sanctions touching on energy (via coal)DXY remains bid but cap
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