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[PODCAST] European Open Rundown 1st November 2021
Asia-Pac bourses traded mostly higher amid tailwinds from last Friday's fresh record highs in the USChinese official Manufacturing and Non-Manufacturing PMIs disappointed analysts’ forecastsThe Japanese general election saw the ruling LDP maintain a majority in the lower houseThe DXY has held on to
READ STORY[PODCAST] US Open Rundown 29th October 2021
Equity bourses are pressured following a soft APAC handover and NQ (-1.0%) underperformance post-AAPL & AMZNApple (-3.9%) and Amazon (-4.8%) both initially fell over 5% post-earnings; both firms cited supply chain issuesRBA again refrained from defending the Apr 2024 bond yield; bond yield rose
READ STORY[PODCAST] European Open Rundown 29th October 2021
Asia-Pac equities initially traded lower, but later painted a mixed picture; US equity futures traded with a downside biasApple (-3.5% AM) and Amazon (-4.0% AM) both initially fell over 5% post-earnings; both firms cited supply chain issuesFacebook (FB) to rebrand as "Meta" - new ticker "MVRS" to tr
READ STORY[PODCAST] US Open Rundown 28th October 2021
European bourses are contained after a subdued APAC lead, with performance dictated by the packed earnings docket; ES +0.1%In FX, the DXY is modestly firmer but sub-94.00, though peers are mixed across the board and relatively contained overallAustralian bond yields spiked higher after the RBA refra
READ STORY[PODCAST] European Open Rundown 28th October 2021
APAC equities traded mostly lower; US equity futures held onto an upside biasIn FX, the DXY was caged, AUD and CAD underperformed and USD/JPY drifted lowerAustralian bond yields spiked higher after the RBA refrained from purchasing the April 2024 yield-target bondBCB hiked its Selic Rate by 150bps (
READ STORY[PODCAST] US Open Rundown 27th October 2021
APAC bourses adopted a downside bias, Hong Kong underperformed; US equity futures were flat/lowerIn FX, the DXY has been choppy with peers modestly pressured ex-JPY/CHF; core debt was diverging but has moved higher most recentlyMicrosoft and Twitter rose post-earnings whilst Alphabet and AMD dippedU
READ STORY[PODCAST] European Open Rundown 27th October 2021
APAC bourses adopted a downside bias, Hong Kong underperformed; US equity futures were flat/lowerIn FX, DXY was contained whilst USD/JPY briefly dipped under 114.00 and AUD was boosted by Aussie CPIMicrosoft and Twitter rose post-earnings whilst Alphabet and AMD dippedFrance intends to retaliate aga
READ STORY[PODCAST] US Open Rundown 26th October 2021
Equity bourses/futures are firmer with earnings in focus and FB bolstering tech ahead of mega-cap earnings and supply; ES +0.4%, NQ +0.7%Facebook announced a USD 50bln boost in its share buyback authorisation but the outlook is dampened by Apple's new iOSDXY has been choppy but is currently subdued
READ STORY[PODCAST] European Open Rundown 26th October 2021
Asia-Pac stocks were lifted by the tailwinds seen stateside; US equity futures overnight drifted higherSPX and DJIA both hit fresh all-time-highs whilst Tesla shot past the USD 1000/shr mark and USD 1tln market cap milestoneFacebook announced a USD 50bln boost in share buyback authorisation but the
READ STORY[PODCAST] US Open Rundown 25th October 2021
European bourses have commenced the week fairly contained, after a mixed APAC handover, with newsflow light ahead of the packed weekly docket; ES +0.1%In FX, DXY was initially subdued below 93.50 but has since picked up with peers now mostly lower; TRY lags after Erdogan labelled 10 ambassadors pers
READ STORYWeek Ahead 25-29th Oct - highlights include US GDP, PCE; ECB, BoJ, BoC, BCB
MON: Beijing Xiangshan Forum; German Ifo Survey (Oct)TUE: Beijing Xiangshan Forum; BCB Policy Decision; South Korean GDP (Q3); US Monthly Home Prices (Aug)WED: BoC Policy Decision; Australian CPI (Q3); German GfK Consumer Confidence (Oct); US Durable GoodsTHU: ECB Policy Decision, BoJ Policy Decisio
READ STORY[PODCAST] European Open Rundown 25th October 2021
Asia-Pac equities kicked off the week with a downside bias; US equity futures opened with a mild negative tilt before drifting higherIn FX, DXY dipped below 93.500, JPY lagged and the AUD outperformedThe TRY slumped after Turkish President Erdogan ordered 10 foreign ambassadors be declared persona n
READ STORY[PODCAST] US Open Rundown 22nd October 2021
European bourses are firmer with performance improving after a cautious open post-APAC given Intel & Snap tech headwinds; ES U/C, NQ -0.4%Intel and Snap slumped post-earnings on soft guidance and Snap CEO comments on iOS advertising tracking; impacting tech names and the broader NQEvergrande has
READ STORY[PODCAST] European Open Rundown 22nd October 2021
Asian equities traded with a positive bias but with gains capped following the temperamental mood on Wall StThe S&P 500 printed a new ATH, whilst the NQ future was pressured by post-earnings losses from Intel and SnapThe DXY remains subdued and sub-94.00 with price action in the FX space limited
READ STORY[PODCAST] US Open Rundown 21st October 2021
European bourses/US futures strike a cautious tone after a mixed APAC handover with focus on Evergrande, yields and earnings; ES -0.2%Evergrande resumed trade suffering double-digit losses ahead of Sunday's offshore 30 day grace period expiryDXY is bolstered alongside safe-havens on the cautious ton
READ STORY[PODCAST] European Open Rundown 21st October 2021
Asia-Pac indices traded somewhat mixed after the similar performance statesideThe S&P 500 briefly approached within 5 points of its all-time peak, whilst the Nasdaq laggedTesla shares were seen lower by 1.6% in after-hours trade despite reporting a beat on top and bottom linesThe DXY remains sub
READ STORY[PODCAST] US Open Rundown 20th October 2021
European bourses/US futures are contained after a predominantly firmer APAC lead ahead of earnings/Central Bank speakHead of China's FX regulator says the two-way Yuan fluctuations have increasedECB's hawk Weidmann is to step-down at year-end for personal reasonsThe DXY remains below 94.00 but is fi
READ STORY[PODCAST] European Open Rundown 20th October 2021
Asian equity markets traded mostly positive as the region took its cue from the extended gains on Wall StreetThe PBoC maintained its benchmark Loan Prime Rates for the 18th consecutive monthThe DXY remains on a softer footing, EUR/USD hovers around 1.1650 and GBP/USD sits on a 1.38 handlePresident B
READ STORY[PODCAST] US Open Rundown 19th October 2021
European bourses/US futures are firmer though the upside is marginal amid minimal fresh macro impulses; ES +0.4%The DXY remains subdued and sub-94.00, whilst antipodeans lead in the G10 spaceCore debt is contained and the US yield curve is slightly steeper ahead of Central Bank speak and Wednesday's
READ STORY[PODCAST] European Open Rundown 19th October 2021
Asian equity markets were kept afloat with the region encouraged after the mostly positive lead from the USBig tech gained including Apple which, benefitted following its hardware eventThe DXY remains on a softer footing and sub-94.00, whilst antipodeans lead in the G10 spaceLooking ahead, highlight
READ STORY[PODCAST] US Open Rundown 18th October 2021
European bourses/US futures are softer in-line with the APAC handover; ES -0.4%Asia-Pac stocks traded cautiously after disappointing Chinese GDP and Industrial Production dataInflationary concerns lingered amid a continued rally in oil prices and with New Zealand CPI at a decade highBoE Governor Bai
READ STORYWeek Ahead 18-22nd October: highlights include Chinese activity data, PBoC; BoC BOS; Flash PMIs; UK, Japan, Canadian CPI
MON: Chinese GDP (Q3), Retail Sales (Sep); Industrial Output (Sep).TUE: RBA Minutes; Bank of Indonesia Policy Decision; NBH Policy Decision.WED: PBoC LPR Setting; UK Inflation (Sep); Canadian CPI.THU: CBRT Policy Decision; US Philly Fed (Oct).FRI: Japanese CPI (Sep); UK Retail Sales (Sep); EZ, UK an
READ STORY[PODCAST] European Open Rundown 18th October 2021
Asia-Pac stocks traded cautiously after disappointing Chinese GDP and Industrial Production dataInflationary concerns lingered amid a continued rally in oil prices and with New Zealand CPI at a decade highBoE Governor Bailey cautioned that the MPC will have to act to contain inflationIn FX, the DXY
READ STORY[PODCAST] US Open Rundown 15th October 2021
European bourses are firmer but off best levels; US equity futures see broad-based gainsIn FX, the DXY is subdued below 94.00, with JPY lagging and USD/JPY firmly above 114.00PBoC says risks to the financial system from Evergrande are controllable and separately that China's inflation is under contr
READ STORY[PODCAST] European Open Rundown 15th October 2021
Asia-Pac stocks traded higher amid tailwinds from the upbeat mood across global peers; US equity futures drifted higher overnightIn FX, the DXY was subdued below 94.00; Kiwi outperformed while USD/JPY topped 114.00UK government spokesperson said there is “still a substantial gap” between the UK and
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