• APAC stocks were pressured on spillover selling after the worst day on Wall St in almost two years; S&P 500 -4%
• Shanghai Vice Mayor said Shanghai will expand work resumption in areas with no COVID risk in early June.
• European equity futures are indicative of a weaker open with Eurostoxx 50 -0.6% after the cash market closed lower by 1.4% yesterday.
• DXY remains on a 103 handle, EUR/USD hovers around the 1.05 mark and AUD Leads G10 FX...

• European bourses are rangebound and relatively directionless, Euro Stoxx 50 U/C, taking impetus from a mixed  APAC session which failed to sustain US upside.
• DXY supported, but off best, as GBP slips on marginally sub-forecast CPI while EUR fails to derive support from ECB officials repeating summer guidance
• Gilts the noted outperformer post-CPI, lifting Bunds and USTs with them initially, though the latter two have failed to sustain such...

• APAC stocks traded mixed as regional bourses only partially sustained the momentum from global peers; S&P 500 closed +2%.
• Fed Chair Powell said the Fed will not hesitate to move past neutral and will continue raising rates until they see inflation coming down.
• European equity futures are indicative of a marginally firmer open with Eurostoxx 50 +0.2% after the cash market closed higher by 1.5% yesterday.
• DXY remains on a 103 handle,...

• European bourses are firmer across the board, Euro Stoxx 50 +1.7%, taking impetus from and extending on a positive APAC handover as the region's COVID situation improves
• US futures posting similar performance, ES +1.8%, ahead of Retail Sales and multiple Fed speakers including Powell
• EUR lifted and Bunds dented in wake of ECB's hawk-Knot mentioning a 50bp move should not be excluded if data warrants it
• A remark which lifted EUR/USD above...

• APAC stocks were positive but with gains capped after the uninspiring lead from Wall St; SPX -0.34%, NDX -1.16%.
• EU's Borrell said difficulties remain regarding the required unanimity on the proposed oil ban.
• European equity futures are indicative of a higher open with Eurostoxx 50 +0.9% after the cash market closed down 0.5% yesterday.
• DXY is contained on a 104 handle, JPY lags in G10 FX, AUD leads post-RBA...

• European bourses are mixed, Euro Stoxx 50 -0.6%, following a similar APAC session with impetus from Shanghai's reopening offset by activity data and geopolitics
• Stateside, futures are lower across the board, ES -0.4%, with the NQ marginally lagging as yields lift; Fed's Williams due later before Powell on Tuesday
• Sweden & Finland are moving forward with NATO bids, with Russia pushing back against this; no progress expected today on the EU's 6th sanctions...

• APAC stocks traded mixed after disappointing Chinese activity data clouded over the early momentum from Friday’s rally on Wall St.
• Shanghai will gradually start reopening businesses as of Monday following weeks of strict lockdown.
• European equity futures are indicative of a lower open with Eurostoxx 50 -0.3% after the cash market closed up 2.5% on Friday.
• Turkish President Erdogan’s top adviser Kalin said that Turkey is not closing its door...

• MON: Chinese Retail Sales (Apr).
• TUE: EZ Flash GDP and Employment (Q1); US Retail Sales (Apr); UK Jobs Report (Mar).
• WED: Japanese GDP (Q1); EZ Final CPI (Apr); Canadian CPI (Apr); UK Inflation (Apr).
• THU: ECB Minutes; SARB Announcement; Australian Jobs Report (Apr); US Philly Fed (May); New Zealand Trade Balance (Apr).
• FRI: PBoC LPR; Japanese CPI (Apr); Canadian Retail Sales (Mar);...

• European bourses are firmer as the rebound from Thursday's selloff continues, Euro Stoxx 50 +1.3%; US futures similarly bolstered, ES +1.0%
• Elon Musk says the Twitter (TWTR) deal is temporarily on hold, pending details; TWTR -20% in pre-market
• DXY is off YTD highs but has regained a firmer footing on the session; JPY slips as sentiment recovers
• Core debt has bounced back to unchanged for EGBs after conceding ground on the risk recovery; US...

• APAC stocks were firmer as risk momentum picked up following on from the volatile session on Wall St.
• Fed Chair Powell said whether a soft landing can be executed or not may depend on factors that they cannot control.
• European equity futures are indicative of a higher open with Eurostoxx 50 +1.1% after the cash market closed down 0.9% yesterday.
• DXY has taken a breather from recent advances, EUR/USD remains sub-1.04, antipodeans attempt to...

• US futures are lower across the board though the magnitude is less extreme vs Europe, ES -0.6%, Euro Stoxx 50 -2.5%
• DXY has climbed to a fresh YTD peak, amid broad FX pressure ex-JPY which is supported on haven premium
• As such, core debt has continued to lift with accompanying yields retreating further; US curve flattening pre-supply
• Crude is pressured but off lows following the Russian Kremlin on Finland's NATO bid and N. Korea firing a...

• APAC stocks were pressured after the losses on Wall St where the major indices whipsawed in the aftermath of the firmer than expected US CPI data.
• European equity futures are indicative of a softer open with Eurostoxx 50 -2.3% after the cash market closed with gains of 2.6% yesterday.
• DXY traded indecisively around 104.00, antipodeans lag, USD/JPY is back below 130.00.
• The crypto collapse persisted with Bitcoin breaching the 27,000 level to...

• Stateside, futures are bolstered though with gains marginally more contained vs European-peers going into today's inflation data, ES +1.0%
• Greenback grounded in advance of US CPI as Treasury yields recede and curve re-flattens, DXY slips further below 104.00 and sub-103.50 vs fresh 2022 peak at 104.190 on Monday.
• As such, peers across the board are making gains vs USD; antipodeans leading on base-metals and CHF a relative outperformer after Tuesday's...

• APAC stocks traded mixed following the choppy performance on Wall Street.
• Ukrainian gas transit system operator chief said Russian occupying forces started taking transit gas and sending it to pro-Russian separatist regions.
• European equity futures are indicative of a higher open with Eurostoxx 50 +0.9% after the cash market closed with gains of 0.8% yesterday.
• DXY trades a touch softer after stalling ahead of 104.00, antipodeans lead in the...

• European equities feel some reprieve following the prior session’s selloff; Euro Stoxx 50 +1.2%; US futures similarly bolstered.
• USD retains a firm bid with peers mixed across the board; JPY outpaces while USD/CHF nears parity.
• Core debt continues to bounce after an early breather, action was intensified post-Bobl/Gilt supply.
• Crude benchmarks are pressured, but yet to approach overnight lows, with fundamentals focused on familiar...

• APAC stocks were mostly negative after the resumed sell-off on Wall St where the S&P 500 slipped beneath 4,000 for the first time since March 2021
• EU's Von Der Leyen tweeted that progress was made with Hungary but further work is needed.
• European equity futures are indicative of a marginally higher open with Eurostoxx 50 +0.2% after the cash market closed lower by 2.8% yesterday.
• DXY pulled back from YTD highs and the 104 level,...

• European bourses are lower across the board, Euro Stoxx 50 -1.4%, in a continuation of the APAC handover amid multiple fundamental narratives.
• Stateside, US futures are similarly hindered, ES -1.7%, with the NQ marginally lagging given renewed yield upside.
• Russian President Putin, in his Victory Day speech, says you are fighting for the security of Russia now; says NATO was creating threats at our borders.
• USD remains bid but is marginally...

• APAC stocks declined amid recent upside in yields and as participants digested a slowdown in Chinese trade data
• US equity futures remained weak; European equity futures are indicative of a softer open
• EU ambassadors met on Sunday and failed to agree on a Russian oil ban deal. Ambassadors will meet again on Monday or Tuesday
• In FX, DXY remained firm against G10s across the board; Antipodeans underperformed
• UK...

• MON: Chinese Trade Balance (Apr); EZ Sentix Index (May).
• TUE: Australian Retail Sales (Q1); German ZEW Survey (May); UK Prelim GDP (Q1); EIA STEO.
• WED: Chinese Inflation (Apr); UK GDP Estimate (Mar); US CPI (Apr).
• THU: Banxico; New Zealand Inflation Forecast (Q2); IEA OMR; OPEC MOMR.
• FRI: US Uni of Michigan Prelim Survey (May).

NOTE: Previews are listed in...

• European bourses are subdued across the board, Euro Stoxx 50 -1.1%, reacting to the late-doors pressure in Wall St.
• Currently, US futures are modestly softer but relatively tentative overall going into the NFP release and subsequent Fed speak.
• EUR bid post hawkish commentary from ECB's Villeroy amid multiple other Central Bank speakers
• As such, EGBs have dropped dragging USTs down with them sending respective 10yr yields to 1.08% and 3.07%...

• US stocks took a beating and gave back post-FOMC gains in which the DJIA slumped by more than 1000 points
• APAC stocks were mostly lower amid spillover selling from the sharp declines on Wall Street
• DXY held firm amid recent gains in yields and after the stock rout in the US spurred a flight to safety 
• EU's Borrell said EU members are almost there on an agreement on a new package of sanctions against...

• European bourses are firmer across the board, Euro Stoxx 50 +1.3%, benefitting from the perceived less-hawkish Fed and associated Wall St./APAC performance.
• Stateside, futures are softer across the board though the likes of the ES remain in relative proximity to overnight best levels, ES -0.5%.
• DXY finds its feet post-FOMC, to the detriment of G10 peers incl. GBP lagging pre-BoE.
• Core debt has been choppy though Bunds and Gilts have resumed...

• Fed hiked rates by 50bps as expected and will begin trimming its balance sheet on June 1st.
• Powell said 50bps increases should be on the table at the next couple of meetings and that a 75bps increase is not something they are actively considering.
• APAC stocks traded positively following the strong handover from Wall St.; SPX +2.97%.
• European equity futures are indicative of a stronger open with Eurostoxx 50 +2.4% after the cash market...

• European bourses, Euro Stoxx 50 -0.3%, are modestly softer after another subdued but limited APAC handover amid ongoing regional closures.
• US futures remain in tight pre-FOMC ranges, with participants also awaiting ISM Services and ADP.
• WTI and Brent are bid amid the EU's 6th round of Russian sanctions, a complete ban on Russian oil.
• However, sources indicate that Hungary and Slovakia will receive an extended phase-out...

• APAC stocks were cautious amid holiday closures and as markets braced for the incoming FOMC announcement.
• European equity futures are indicative of a marginally positive open with Eurostoxx 50 +0.1% after the cash market closed higher by 0.8% yesterday.
• DXY is contained around the 103.50 mark with FX markets largely uneventful overnight. 
• US Secretary of State Blinken is to outline his China policy on Thursday at...