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[PODCAST] US Open Rundown 14th October 2021
European bourses are US futures are upbeat continuing the constructive APAC performance; ES +0.7%China saw mixed inflation numbers; CPI printed below estimates but PPI topped forecasts for a record increase in factory gate pricesDXY has been under pressure and sub-94.00 throughout the morning while
READ STORY[PODCAST] European Open Rundown 14th October 2021
A constructive mood was seen across Asia-Pac stocks; US equity futures marginally gained overnightThe FOMC meeting minutes laid out the potential announcement timing and parameters of the QE taperingChina saw mixed inflation numbers; CPI printed below estimates but PPI topped forecasts for a record
READ STORY[PODCAST] US Open Rundown 13th October 2021
The mood across European stocks has improved from the subdued cash open (Euro Stoxx 50 +0.5%; Stoxx 600 +0.3%)US equity futures have also nursed earlier losses and trade in modest positive territory across the board, with the NQ narrowly outperformingApple is reportedly set to slash iPhone productio
READ STORY[PODCAST] European Open Rundown 13th October 2021
Asia-Pac stocks were mixed following the choppy performance stateside with sentiment also hampered by an update from AppleApple is reportedly set to slash iPhone production due to the chip crunchChinese trade data saw exports top estimates but imports disappointedHong Kong markets were kept shut ami
READ STORY[PODCAST] US Open Rundown 12th October 2021
European bourses kicked the day off softer but have since drifted higher; US equity futures nursed earlier lossesIn FX, DXY is off overnight lows, USD/JPY tested 113.00 to the downside, USD/TRY extended above 9.00EU antitrust regulators is reportedly likely to open an investigation into Nvidia's (NV
READ STORY[PODCAST] European Open Rundown 12th October 2021
Asian equity markets traded mostly lower following the indecisive mood stateside where major indices gave back initial gains to finish negativeSentiment overnight was also hampered by tighter Beijing regulatory scrutiny and with US equity futures extending on lossesIn FX, the DXY sits firmly above 9
READ STORY[PODCAST] US Open Rundown 11th October 2021
Bourses in Europe are mostly but modestly lower (ex-FTSE 100); US equity futures see broad-based losses of 0.3-0.4%In FX, DXY is firmer after wiping out earlier losses, USD/JPY tested 113.00, EUR/USD approaches 1.1550, and AUD outperformsChinese Vice Premier Liu He exchanged views with USTR Tai on t
READ STORYWeek Ahead 11-15th October: FOMC minutes; US CPI, retail sales; China CPI; Aussie, UK jobs
MON: US Columbus Day.TUE: BoK Policy Decision; UK Jobs Report (Aug); German ZEW Survey (Oct).WED: FOMC Minutes; UK GDP Estimate (Aug); US CPI (Sep); Chinese Trade Balance (Sep); OPEC MOMR; EIA STEO.THU: Australian Labour Force Report (Sep); Chinese Inflation (Sep); US PPI (Sep); IEA OMR; Hong Kong H
READ STORY[PODCAST] European Open Rundown 11th October 2021
Asia-Pac stocks traded mostly positive after shrugging off the weak post-NFP US leadChinese Vice Premier Liu He exchanged views with USTR Tai on the trade agreement during a virtual discussion on SaturdayIn FX, the DXY maintains 94.00 status, EUR/USD sits on a 1.15 handle and GBP is firmer post-hawk
READ STORY[PODCAST] US Open Rundown 8th October 2021
Marginally positive European equity open fizzled out as we await fresh catalysts pre-NFP but oil remains upbeatDXY remains above 94.00 but has come under modest pressure though safe-havens continue to lag and core debt remains downbeatMainland China was bolstered on its return from Golden week; Chin
READ STORY[PODCAST] European Open Rundown 8th October 2021
APAC bourses were mostly higher on the broader upbeat-tone; Mainland China was bolstered on its return from Golden weekChina's Caixin Services PMI beat expectations and the Composite measure climbed into expansionary territoryIn FX, the DXY remains above 94.00 and safe-havens lag, while USTs are mod
READ STORY[PODCAST] US Open Rundown 7th October 2021
Equities and US equity futures remain buoyed and in relatively contained ranges as we await tomorrow's NFP and the return of China; ES +0.7%Holders of Evergrande-linked Jumbo Fortune bonds are reportedly yet to receive payment, holders next step would be to request payment from EvergrandeDXY remains
READ STORY[PODCAST] European Open Rundown 7th October 2021
Asia-Pac stocks traded in the green; Hang Seng outperformed while Mainland China observed the last day of Golden WeekIn FX, the DXY was steady above 94.00, EUR/USD hovered around 1.1550, Antipodeans outperformedUS and China have an agreement in principle for a Biden-Xi virtual meeting before the end
READ STORY[PODCAST] US Open Rundown 6th October 2021
Equities are pressured with sentiment firmly risk-off after the positive US handover fizzled out in APAC hours; ES -1.3%, Euro Stoxx 50 -2.2%In FX, the DXY has continued to make ground with the YTD peak of 93.504 in-sight, while debt is subdued but off lows as some safe-haven premium emergesGlobal T
READ STORY[PODCAST] European Open Rundown 6th October 2021
Asia-Pac bourses traded mostly lower after failing to sustain the initial momentum from Wall StMajor US indices closed higher as buyers returned to tech and the higher yield environment provided support for financialsThe White House commented that President Biden has confidence in Fed Chair Powell "
READ STORY[PODCAST] US Open Rundown 5th October 2021
European bourses are firmer shrugging off the APAC handover while US futures post gains of a smaller magnitude; ES +0.3%President Biden reportedly stated to progressives that the spending package needs to be between USD 1.9tln-2.2tlnIn FX, the DXY remains near 94.00 with havens lagging as sentiment
READ STORY[PODCAST] European Open Rundown 5th October 2021
Asia-Pac stocks were pressured following the tech sell-off in the US and several headwinds for global marketsPresident Biden reportedly stated to progressives that the spending package needs to be between USD 1.9tln-2.2tlnIn FX, the DXY hovers around the 94.00 mark, EUR/USD and GBP/USD eye 1.16 and
READ STORY[PODCAST] US Open Rundown 4th October 2021
Major bourses in Europe have adopted somewhat of a mixed picture following on from the broad-based downbeat cash openIn FX, the DXY briefly dipped below 94.000, EUR/USD and USD/JPY were choppy around 1.1600 and 111.00 respectivelyA total of 39 Chinese military jets flew into Taiwan’s air defence zon
READ STORYWeek Ahead 4-8th October: Highlights include USTR China speech, OPEC+, US jobs report, Services ISM, RBA, RBNZ, ECB minutes
MON: USTR US/China remarks, OPEC+ Meeting; Swiss CPI (Sep); EZ Sentix Index (Oct); US Durable Goods R (Aug)TUE: RBA Policy Decision; Australian Trade Balance (Aug); EZ, UK and US Markit Services and Composite Final PMIs (Sep); US ISM Services PMI (Sep)WED: RBNZ Policy Decision; NBP Policy Decision;
READ STORY[PODCAST] European Open Rundown 4th October 2021
Asian equity markets traded mixed amid the ongoing Evergrande default concerns; mainland China was awayIn FX, the DXY briefly dipped below 94.000, EUR/USD and USD/JPY were choppy around 1.1600 and 111.00 respectivelyA total of 39 Chinese military jets flew into Taiwan’s air defence zone on Saturday
READ STORY[PODCAST] US Open Rundown 1st October 2021
Bourses in Europe kicked off the first trading day of Q4 on the back foot, although the selling has somewhat stabilisedUS equity futures have also succumbed to the risk aversion; Chinese markets commenced the Golden Week holidayIn FX, the DXY maintains 94.00 status, EUR/USD trades sub-1.16 and GBP/U
READ STORY[PODCAST] European Open Rundown 1st October 2021
Asia-Pac stocks began Q4 on the backfoot following the negative handover from Wall St.The S&P 500 closed the month and quarter out with its worst performance since the start of the pandemicIn FX, the DXY maintains 94.00 status, EUR/USD trades sub-1.16 and GBP/USD remains pressuredCongress passed
READ STORY[PODCAST] US Open Rundown 30th September 2021
The upside momentum seen across US and European equity futures overnight stalled, with equities losing ground heading into the US sessionIn FX, DXY eclipsed 94.500, EUR/USD hit a 14-month low, USD/JPY trades on either side of 112.00Chinese official Manufacturing PMI disappointed, whilst the Non-Manu
READ STORY[PODCAST] European Open Rundown 30th September 2021
Asia-Pac stocks traded somewhat varied with the region indecisive at quarter-end and as participants digested a slew of data releasesChinese official Manufacturing PMI disappointed, whilst the Non-Manufacturing and Composite returned to expansionary territoryIn FX, the DXY remains on a 94.00 handle,
READ STORY[PODCAST] US Open Rundown 29th September 2021
Bourses in Europe are attempting to claw back some ground lost yesterday; the Oil & Gas sector lags while Tech recoversIn FX, DXY printed a new YTD high sub-94.00, EUR/USD hit fresh 2021 lows and the NZD underperformsEvergrande sold CNY 10bln of shares in Shengjing Bank that will be used to pay
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