27 Jun 2024, 11:20 by Newsquawk Desk
- European bourses are mixed whilst US futures are modestly in the red; Micron -5.5% after its results
- Dollar is slightly softer, Antipodeans outperform & USD/JPY holds around 160.50
- Bonds are modestly softer in a continuation of the prior day’s losses
- Crude & XAU benefit from the softer Dollar, whilst base metals remain subdued
- Looking ahead, US IJC, Durable Goods, GDP & PCE Q1 (Final), Banxico Policy...
27 Jun 2024, 06:35 by Newsquawk Desk
- APAC stocks were negative amid this week's choppy tech performance with headwinds from higher yields.
- Fed Bank Stress Tests showed all banks passed, which paves the way for higher payouts.
- European equity futures indicate a lower open with Euro Stoxx 50 future -0.2% after the cash market closed lower by 0.4% on Wednesday.
- DXY pulled back below the 106 mark, USD/JPY remains above 160 and EUR/USD is stuck on a 1.06...
26 Jun 2024, 06:40 by Newsquawk Desk
- APAC stocks followed suit to the mixed performance stateside where tech rebounded as Nvidia snapped its losing streak.
- European equity futures indicate a firmer open with Euro Stoxx 50 future +0.5% after the cash market closed lower by 0.2% on Tuesday.
- DXY is caged in a tight range on a 105 handle, AUD boosted post-CPI, EUR/USD sits just above the 1.07 level.
- Australian monthly CPI data saw markets price around a 33% probability for an RBA...
25 Jun 2024, 11:15 by Newsquawk Desk
- European bourses are hit following updates from Airbus and Merck; US futures mixed, with the NQ leading as NVDA (+2.2%) finds its footing
- Dollar is flat, with G10 price action also lacklustre in catalyst-thin trade
- Bonds are contained awaiting impetus from US data and a 2yr auction
- Crude is modestly softer benefiting from Dollar price action, base metals are generally higher
- Looking ahead, US Philly Fed...
25 Jun 2024, 06:35 by Newsquawk Desk
- APAC stocks were mostly positive but with some of the gains capped following the tech underperformance on Wall Street.
- Nvidia (-6.5%) suffered a third consecutive day of losses and was down 13% from its peak last week.
- European equity futures indicate a weaker open with Euro Stoxx 50 future -0.3% after the cash market closed higher by 0.9% on Monday.
- DXY is lacklustre with FX markets broadly contained, USD/JPY remains...
24 Jun 2024, 11:10 by Newsquawk Desk
- Equities are entirely in the green, benefiting from a pick-up in sentiment in the European session
- Dollar is softer, EUR is the G10 outperformer, but was initially pressured post-German Ifo, USD/JPY around 159.60
- Bonds are mixed with USTs contained, whilst Bunds slip to session lows
- Crude is incrementally firmer, XAU/base metals benefit from Dollar weakness
- Looking ahead, US Dallas Fed Manufacturing Business...
24 Jun 2024, 06:53 by Newsquawk Desk
- APAC stocks were predominantly subdued heading closer to month-end and US PCE data later in the week
- DXY rangebound just below 106.00, G10 peers generally contained with JPY subject to fresh jawboning
- Fixed income contained into today's German data and ECB speak; JGB futures softer
- Crude lacklustre with specific lights and unreactive to Netanyahu's latest remarks
- China and the EU have agreed to hold consultations on...
21 Jun 2024, 16:13 by Newsquawk Desk
- MON: BoJ Summary of Opinions, German Ifo Survey (Jun), German Import Prices (May)
- TUE: Japanese Services PPI (May), Canadian CPI (May), UK GDP (Q1)
- WED: Australian CPI (May), German GfK Consumer Sentiment
- THU: Biden/Trump debate on CNN, Riksbank Announcement, CBRT Announcement, CNB Announcement, European Council, Chinese Industrial Profits YTD (May), EZ Sentiment Survey (Jun), US GDP Final (Q1)
- FRI: European...
21 Jun 2024, 11:12 by Newsquawk Desk
- Equities are subdued amid a broader risk aversion following the downbeat EZ PMI data
- France, Germany and the EZ-wide figure all reported lower-than-expected PMI data, which has led to outperformance in Bunds and slight pressure in the EUR
- Dollar is incrementally firmer, USD/JPY went as high as 159.12 before paring back towards 158.80 following the European data
- Crude is rangebound, base metals suffer from the subdued risk...
21 Jun 2024, 06:30 by Newsquawk Desk
- APAC stocks were mostly rangebound with sentiment subdued after the lacklustre handover from Wall St where tech underperformed, and risk appetite was sapped.
- DXY took a breather but held on to the prior day's spoils after strengthening on firmer yields despite soft data; USD/JPY briefly rose above 159.00.
- 10-year UST futures remained lacklustre after weakening yesterday; Bund futures were kept afloat after rebounding from support near the 132.00...
20 Jun 2024, 11:20 by Newsquawk Desk
- Equities in the green and Tech leads in Europe; NQ outperforms, lifted by pre-market gains in NVDA +2.7%
- Dollar is firmer, CHF sinks after the SNB cut rates by 25bps, GBP slightly softer ahead of the BoE
- Bonds are softer, Bunds initially lifted post-SNB but has since pared, French auction passes without issue
- Crude is incrementally firmer, base metals gain amid a generally positive risk tone
- Looking ahead, US IJC...
20 Jun 2024, 06:35 by Newsquawk Desk
- APAC stocks were subdued in rangebound trade amid a lack of catalysts and following the US holiday lull.
- European equity futures indicate a firmer open with Euro Stoxx 50 future up 0.3% after the cash market closed higher by 0.7% on Wednesday.
- DXY is steady on a 105 handle with FX markets broadly contained, Cable holds above 1.27 ahead of the BoE announcement.
- Bunds are lower, whilst crude markets are contained after WTI hit resistance...
19 Jun 2024, 06:45 by Newsquawk Desk
- US stocks inched higher in rangebound trade, APAC stocks mainly positive with Hang Seng outperformance
- European futures point to a contained open, after the cash market closed higher by circa. 0.7%
- DXY contained after the deluge of Fed remarks, peers rangebound
- Crude and spot gold largely sideways while base metals benefited from the constructive US tone
- Israel's military said operational plans for an offensive in...
18 Jun 2024, 11:13 by Newsquawk Desk
- European bourses are entirely in the green whilst US futures are mixed
- Dollar is firmer, AUD gains post-RBA and USD/JPY holds above 158.00
- Softer session for fixed thus far, Bunds initially boosted by ZEW but slipped on a poor German outing
- Crude is slightly softer, hampered by the softer Dollar; XAU contained
- Looking ahead, US Retail Sales & Industrial Production, NBH Policy Announcement, Comments from ECB’s...
17 Jun 2024, 11:23 by Newsquawk Desk
- European bourses are mostly firmer paring some of Friday’s pronounced downside, US futures are trading tentatively
- Dollar is flat, Antipodeans lag after weaker than expected Chinese industrial data
- Bonds are subdued paring recent EU political-induced upside on Friday, as participants digest ECB sources which suggest that the Bank is in no rush to discuss a French bond rescue
- Crude is flat in what has been a choppy session thus far, XAU/base...
17 Jun 2024, 06:50 by Newsquawk Desk
- US stocks were mixed and the major indices finished off their worst levels seen early in the session alongside the broad risk-averse conditions
- APAC stocks were mostly negative as markets reflected on the latest soft Chinese data releases; European futures point to a firmer open
- DXY steady around 105.50, EUR/USD directionless & Cable below 1.27
- EGBs eased back from Friday's marked rally; ECB sources report they are in no rush to discuss...
14 Jun 2024, 13:52 by Newsquawk Desk
- MON: PBoC MLF, Chinese Activity Data (May), EZ Wages and Labour Costs (Q1)
- TUE: RBA Announcement, NBH Announcement, EZ Final CPI (May), German ZEW Survey (Jun), US Retail Sales (May), Japanese Trade Balance (May)
- WED: BoC Minutes, BCB Announcement, UK Inflation (May), New Zealand GDP (Q1)
- THU: BoE Announcement, PBoC LPR Announcement, SNB Announcement & Press Conference, Norges Bank Announcement & Press Conference, German...
14 Jun 2024, 11:19 by Newsquawk Desk
- European bourses are entirely in the red, with sentiment hampered by ongoing political angst in the EU; US futures are also lower, RTY underperforms
- DXY is bid, benefitting from the subdued EUR which dips below 1.07 and a weak JPY post-BoJ
- The BoJ kept rates unchanged but defied expectations for an immediate reduction of bond purchases, instead, it will decide on a specific bond-buying reduction plan at the next meeting
- USTs are flat, EGBs...
14 Jun 2024, 06:35 by Newsquawk Desk
- APAC stocks were mostly subdued after the mixed performance stateside where soft data took centre stage, while participants turned their attention to the BoJ policy announcement.
- The BoJ maintained rates as expected but defied expectations for an immediate reduction of bond purchases, instead, it will decide on a specific bond-buying reduction plan at the next meeting.
- Nikkei 225 recovered early losses, USD/JPY advanced to just shy of the 158.00 level,...
13 Jun 2024, 11:03 by Newsquawk Desk
- Downbeat session for European equities whilst US futures are mixed, with NQ outperforming, propped up by pre-market gains in Tesla, Broadcom and Nvidia
- Dollar is firmer, EUR continues to test 1.08 to the downside and the JPY is the marginal underperformer
- Bonds are slightly softer as participants digest the FOMC & hawkish dot plots ahead of US PPI
- Crude is on the backfoot, XAU and base metals both lower as the Dollar continues to recoup...
13 Jun 2024, 06:35 by Newsquawk Desk
- APAC stocks were somewhat mixed following the key developments stateside where the S&P 500 and Nasdaq extended to fresh record levels following the softer-than-expected US CPI but despite the hawkish Fed dot plots.
- Fed kept rates unchanged at 5.25-5.50%, as expected with the vote unanimous, while the statement noted there has been modest (prev. a lack of) further progress towards the 2% inflation objective.
- Fed’s updated dot plots now signal only one rate...
12 Jun 2024, 11:09 by Newsquawk Desk
- European bourses are modestly firmer, trimming this week’s recent losses; price action tentative ahead of today’s US CPI and FOMC
- DXY is flat, G10s modestly gain vs the Dollar though the JPY dips slightly
- USTs are flat and at highs, Bunds/Gilts both move higher with the latter also factoring in the in-line GDP metrics, with focus on the soft Construction figures
- Crude is at highs amid ongoing geopolitical escalations, XAU flat while base...
12 Jun 2024, 06:35 by Newsquawk Desk
- APAC stocks were mostly subdued after the mixed handover from US peers as markets braced for the incoming US CPI data and the FOMC announcement.
- Chinese inflation data saw softer-than-expected CPI and a narrower deflation in factory gate prices but with little follow-through to markets.
- Israel said it received the Hamas response to the ceasefire proposal via mediators and that Hamas changed the proposal's main parameters.
- Fitch Ratings said...
11 Jun 2024, 11:05 by Newsquawk Desk
- Equities are modestly in the red, in a continuation of the downbeat mood seen in APAC trade overnight
- Dollar is incrementally firmer, EUR continues to slip and GBP is slightly softer following the UK’s job data which saw an unexpected uptick in the unemployment rate
- Bonds are in the green, attempting to recoup post-NFP losses, OATs remain pressured and Gilts outperform taking a bid after a record Gilt sale
- Crude is slightly softer, XAU is...
11 Jun 2024, 06:29 by Newsquawk Desk
- APAC stocks traded with a negative bias after the choppy performance stateside; S&P 500 and Nasdaq notched fresh record closes.
- Apple closed down 1.9% after its WWDC event failed to ignite enthusiasm; announced an integration of ChatGPT.
- European equity futures indicate a mildly positive open with Euro Stoxx 50 futures up 0.2% after the cash market closed down 0.7% on Monday.
- DXY is holding above the 105 mark, with FX...