19 Oct 2022, 06:50 by Newsquawk Desk
- APAC stocks were mixed following the choppy performance stateside where major indices wobbled on news that Apple cut iPhone 14 Plus production.
- US futures were supported after Netflix beat on top and bottom lines and more than doubled expected quarterly net subscriber additions.
- European equity futures are indicative of a higher open with the Euro Stoxx 50 future +0.8% after the cash market closed with gains of 0.6% yesterday.
- DXY...
18 Oct 2022, 11:25 by Newsquawk Desk
- Equity bourses in Europe trade with gains across the board but are off best levels; US futures are faring better
- NZD leads after strong CPI while GBP lags as the BoE pushes back on QT delay reports, DXY firmer but off best
- Yen pares some losses from under 149.00 against the Dollar amidst some unsubstantiated talk of intervention
- Overall fixed complex is pressured, with Gilts lagging though Bunds are in close proximity and below 136.00 post...
18 Oct 2022, 06:49 by Newsquawk Desk
- APAC stocks were positive with the region inspired by gains in global counterparts (SPX +2.66%).
- European equity futures are indicative of a higher open with the Euro Stoxx 50 future +1.2% after the cash market closed with gains of 1.8% yesterday.
- BoE is reportedly expected to further delay quantitative tightening until gilt markets calm, according to FT.
- DXY is softer and on a 111 handle, GBP is supported post-QT delay expectations, NZD...
17 Oct 2022, 10:50 by Newsquawk Desk
- European bourses see a choppy session but have tilted towards the green after experiencing a mixed cash open.
- US equity futures see gains across the board following the steep losses on Friday - with the NQ and RTY narrowly outperforming.
- Gilts gap-up and lead the way ahead of a potential "mini-Budget" U-turn from new Chancellor Hunt, peers buoyed in turn.
- Pound perkier in turn with the DXY modestly pressured to the benefit of peers across...
17 Oct 2022, 06:50 by Newsquawk Desk
- APAC stocks were softer across the board after US stocks sold off on Friday, with losses broad-based
- DXY was indecisive around the 113.00 level, GBP/USD reclaimed the 1.1200 status with the currency underpinned following the fiscal U-turns in the UK and after BoE Governor Bailey
- BoE Governor Bailey said they will not hesitate to raise interest rates to meet the inflation target; UK Chancellor Hunt said ‘yes’ when asked if he can change the mini-Budget...
14 Oct 2022, 16:25 by Newsquawk Desk
- SUN:: Chinese CCP National Congress.
- MON: New Zealand CPI (Q3).
- TUE: RBA Minutes, Chinese GDP (Q3)/Retail Sales (Sep)/Industrial Output (Sep), German ZEW Survey (Oct).
- WED: UK Inflation (Sep), EZ Final CPI (Sep), Canadian CPI (Sep).
- THU: PBoC LPR Announcement, CBRT Announcement, Bank of Indonesia Announcement, Australian Jobs Report (Sep), US Philly Fed.
- FRI: Japanese CPI (Sep), UK...
14 Oct 2022, 11:43 by Newsquawk Desk
- European bourses trade on a firmer footing in an extension of yesterday’s gains; US futures are more contained
- DXY hovers around 113.00; GBP sits as the laggard as it unwinds some of the prior day's gains, USD/JPY topped yesterday's high of 147.67
- Gilts are back above 97.00 amidst further reports that some economic plans may be reversed by the UK PM later today who to hold a press conference today at 14:00BST/09:00EDT
- North Korea fires...
14 Oct 2022, 06:41 by Newsquawk Desk
- APAC stocks took impetus from the aggressive rebound on Wall St (SPX +2.6%) where stocks made a remarkable comeback from the initial CPI-related selling.
- European equity futures are indicative of a higher open with the Euro Stoxx 50 future +1.8% after the cash market closed with gains of 0.9% yesterday.
- DXY remains on the backfoot, Cable sits on a 1.13 handle, EUR/USD lingers around 0.98 and antipodeans outperform.
- UK PM Truss could...
13 Oct 2022, 11:24 by Newsquawk Desk
- European bourses saw a choppy start to the session but have since been trending higher, with US futures are moving in tandem
- DXY declined under 113.00 as GBP strengthened; EUR and Antipodeans gain whilst USD/CNH tested 7.2000 to the upside
- US Treasuries are observing some caution whilst EU bonds trim yesterday's losses and Gilts outperform
- Fed's Bowman (voter) said sizeable rate hikes should remain on the table if they do not see signs that...
13 Oct 2022, 06:43 by Newsquawk Desk
- APAC stocks traded cautiously following the soft handover from Wall Street post-PPI and FOMC minutes.
- FOMC minutes noted that officials judged they needed to move to and maintain a more restrictive policy stance, although several participants noted that risks could become more two-sided.
- European equity futures are indicative of a lower open with the Euro Stoxx 50 future -0.5% after the cash market closed with losses of 0.3% yesterday.
- DXY...
12 Oct 2022, 11:32 by Newsquawk Desk
- European bourses saw a choppy start to the session, but have since titled to the upside; US equity futures trade on a firmer footing with the ES back above 3600
- GBP was volatile but currently stands as the outperformer, DXY is softer but off worst levels, USD/JPY to a fresh 2022 and multi-year best
- BoE said the bank has made it clear from the outset that its temporary and targeted purchases of gilts will end on October 14th
- Polish pipeline...
12 Oct 2022, 06:45 by Newsquawk Desk
- APAC stocks were subdued with price action indecisive as the region took its cue from the choppy performance and late selling stateside.
- BoE Governor Bailey appeared to reject industry calls for an extension to Gilt purchases. However, an FT report later suggested that purchases could be prolonged.
- European equity futures are indicative of a lower open with the Euro Stoxx 50 future -0.2% after the cash market closed with losses of 0.5%...
11 Oct 2022, 11:37 by Newsquawk Desk
- European bourses are once again underwater; US futures are also on the backfoot with the ES Dec'22 contract dipping below 3600
- DXY is firmer on the day with a current intraday high of 113.50, G10s are mixed vs the USD with the CAD and AUD the laggards
- Schatz and Bund futures both retreated to new intraday lows, 10yr UK debt future also recoiled to a deeper Liffe low, and US Treasuries are narrowly mixed
- BoE said it intends to purchase...
11 Oct 2022, 06:47 by Newsquawk Desk
- APAC stocks traded with a negative bias as several markets returned from the long weekend and reacted to the recent bearish themes.
- European equity futures are indicative of a lower open with the Euro Stoxx 50 future -0.6% after the cash market closed with losses of 0.6% yesterday.
- DXY extended above 113, AUD lags G10 FX again, USD/JPY failed to make a YTD peak, EUR/USD retreated below 0.97.
- Fed Vice-Chair Brainard that easing...
10 Oct 2022, 11:29 by Newsquawk Desk
- European bourses kicked the week off on the backfoot but have since trimmed losses; US equity futures are mostly softer but off lows.
- DXY extends on Friday's gains with the index back above the 113.00 mark, AUD lags and USD/CNH topped 7.1500.
- Bunds and US Treasuries are off best levels amidst hawkish ECB rhetoric and an upturn in overall risk sentiment whilst Gilts are still deeply underwater.
- Explosions were reported across several...
10 Oct 2022, 06:55 by Newsquawk Desk
- APAC stocks were negative in holiday-thinned trade, while the region digested a contraction in Chinese Caixin PMI and Friday's NFP.
- European equity futures are indicative of a lower open with the Euro Stoxx 50 future -0.7% after the cash market closed with losses of 1.7% on Friday.
- DXY stalled out just ahead of 113, FX is otherwise contained, AUD lags peers.
- Russian President Putin described the Crimea bridge explosion as an act of terrorism...
07 Oct 2022, 11:48 by Newsquawk Desk
- MON: Norwegian CPI (Sep); EZ Sentix Index (Aug); Japan Holiday.
- TUE: UK Jobs Report (Sep).
- WED: G20 Meeting (1/2); BoK Announcement; UK GDP (Aug); US PPI (Sep); FOMC Minutes (Sep); EIA STEO; Hong Kong Holiday.
- THU: G20 Meeting (2/2); German Final CPI (Sep); Swedish CPI (Sep); US CPI (Sep).
- FRI: Chinese Inflation (Sep); Chinese Trade Balance (Sep); Indian Inflation (Sep); US Retail Sales (Sep); US University...
07 Oct 2022, 11:10 by Newsquawk Desk
- European bourses are modestly on the backfoot, though have trimmed this slightly as the session progresses, in limited newsflow pre-NFP.
- Stateside, futures are similarly contained and lie either side of the unchanged mark with NQ -0.1% modestly lagging amid yield upside
- Typically tense pre-NFP trade has seen the DXY briefly dip below 112.00, to a 111.94 low, before regathering itself and holding marginally above the figure.
- Core benchmarks...
07 Oct 2022, 06:50 by Newsquawk Desk
- APAC stocks were lower as the region followed suit to the weak performance seen in global counterparts (S&P 500 -1.02%)
- European equity futures are indicative of a softer open with the Euro Stoxx 50 future -0.4% after the cash market closed with losses of 0.4% yesterday.
- FX markets were contained overnight, DXY held onto 112 status, EUR/USD lingers around 0.98, Cable sits on a 1.11 handle.
- Fed officials continued to push back against the...
06 Oct 2022, 11:25 by Newsquawk Desk
- European bourses are under modest pressure as sentiment broadly takes a slight turn for the worst amid limited newsflow as participants look to Friday's NFP.
- USD benefits from the mentioned risk tone, with the DXY extending to a 111.35 peak to the modest detriment of peers; though EUR is relatively resilient.
- Gilts are once again the standout laggard following rating agency action and the BoE DMP showing inflation pressures were already elevated MM before the fiscal...
06 Oct 2022, 06:50 by Newsquawk Desk
- APAC stocks traded mixed following a lacklustre lead from the US where the major indices paused their two-day rally.
- European equity futures are indicative of a higher open with the Euro Stoxx 50 future +1.3% after the cash market closed with losses of 1.1% yesterday.
- DXY lingers just below 111.00, EUR/USD has reclaimed 0.99 status, Cable is back on a 1.13 handle, Antipodeans lead the majors.
- Crude was uneventful overnight but held on to the...
05 Oct 2022, 11:45 by Newsquawk Desk
- European bourses are under pressure following the strong gains seen in Tuesday's session with fresh newsflow fairly limited heading into key US data, Euro Stoxx 50 -1.1%.
- Stateside, ahead of those metrics which will be eyed for further clues around a 'pivot', futures are under similar pressure
- USD has benefited from a rebound in yields and perhaps on phycological/technical grounds, DXY nearing 111.00 to the detriment of peers
- Core debt is...
05 Oct 2022, 06:45 by Newsquawk Desk
- APAC stocks traded higher across the board as the region sustained the momentum from Wall St where major indices extended their rally (SPX +3.06%, NDX +3.14%).
- European equity futures are indicative of a softer open with the Euro Stoxx 50 future -0.5% after the cash market closed with gains of 4.3% yesterday.
- DXY attempted to nurse some of its recent losses, cable and EUR/USD stalled just ahead of 1.15 and parity respectively.
- The US...
04 Oct 2022, 11:35 by Newsquawk Desk
- European bourses have commenced the session on the front foot as broader sentiment remains constructive largely in a continuation of yesterday's recovery.
- Stateside performance is very in-fitting, ES +1.5%, ahead of Fed speak and after a constructive update from Foxconn.
- USD continues to pullback to the broad benefit of peers, DXY sub-111.00 at worst while Cable reclaims 1.14
- Core debt is bid across the board, though has since dipped from...
04 Oct 2022, 06:49 by Newsquawk Desk
- APAC stocks notched firm gains as the region took impetus from the strong performance on Wall St (SPX +2.59%, NDX +2.36%).
- European equity futures are indicative of a higher open with the Euro Stoxx 50 future +1.5% after the cash market closed with gains of 0.7% yesterday.
- The RBA slowed down the pace of rate hikes with a surprise 25bps increase instead of the expected 50bps move.
- DXY remains sub-112, AUD lags post-RBA, cable sits on a 1.13...