07 May 2021, 11:53 by Newsquawk Desk
- European bourses are firmer extending on APAC performance with miners leading the way; US futures are also firmer though closer to the unchanged mark pre-NFP
- The Biden administration is likely to go ahead with former President Trump's China investment ban and Blinken is to keep the pressure up in his UN speech
- EUR and GBP are the outperformers with the single currency seeing upside around Kazak remarks and GBP as local election results filter...
07 May 2021, 07:00 by Newsquawk Desk
- Asian equity markets traded mostly higher following the late ramp up on Wall St. and encouraging data from China
- Gains were capped ahead of US NFP data and as increased US-China hawkish rhetoric contributed to the tentativeness
- The Biden administration is likely to go ahead with former President Trump's China investment ban
- In FX, the DXY languished beneath 91.00, EUR/USD held on to gains above 1.2050 and GBP/USD reclaimed...
06 May 2021, 11:43 by Newsquawk Desk
- European bourses gave up opening gains but have recovered from lows to largely mixed/unchanged performance; US futures are marginally firmer
- China was mixed on its return with pressure in bio stocks as the US administration is in favour of waiving IP rights, with the EU announcing a similar stance
- China NDRC announced it is to suspend indefinitely all activities under the China-Australia Strategic Economic Dialogue mechanism, citing Australia's disruption of...
06 May 2021, 06:54 by Newsquawk Desk
- A mixed picture was observed in Asia-Pac stocks as the region took its cue from the indecision stateside
- The Nasdaq was dragged lower by weakness in tech and growth, although S&P 500 and DJIA remained afloat
- In FX markets, the DXY was relatively contained overnight, EUR/USD oscillated around 1.20 and GBP/USD clings on to 1.39 status
- Brent crude printed a fresh COVID-era high just shy of the USD 70/bbl...
05 May 2021, 11:46 by Newsquawk Desk
- European bourses are firmer at present with mining, oil and tech names the outperformers; US futures are also supported though magnitudes are more contained
- US Treasury Secretary Yellen clarified her remarks stating she was not predicting or recommending a rate increase
- DXY largely recovered from initial pressure, briefly surpassing yesterday's peak though it is now pivoting the unchanged mark with peers contained and rangebound ex-NZD
- Core...
05 May 2021, 06:54 by Newsquawk Desk
- Asian equity markets traded cautiously as the region battled to shrug off the tech-led declines in the US
- US Treasury Secretary Yellen stated that interest rates will have to rise somewhat to ensure the economy does not overheat
- Yellen later clarified that she is not predicting nor recommending a rate increase
- In FX, the DXY retraced some of yesterday's gains, EUR/USD held on to 1.20 status and GBP/USD reclaimed...
04 May 2021, 11:25 by Newsquawk Desk
- European indices began the session firmer though initial gains diminished to largely mixed/flat performance with tech underperforming post Infineon and as NQ lags
- USD outperforms with EUR/USD having tested 1.20 and Cable dropping below 1.39, though unmoved on final PMIs while NZD lags pre-data
- Core debt is subdued with Bunds rangebound and Gilts playing catch-up while action is contained to the belly of the US yield curve
- The RBA maintained...
04 May 2021, 06:54 by Newsquawk Desk
- Asian equity markets traded mixed following on from a mostly positive US session after sentiment was underpinned amid an easing of COVID restrictions
- The Nasdaq underperformed with tech pressured by losses in work-from-home stocks
- In FX, the DXY reclaimed 91.00, dragging EUR/USD and GBP/USD below 1.2050 and 1.39 respectively
- The RBA maintained its key rates at 0.10% and the parameters of its QE program, as...
03 May 2021, 11:16 by Newsquawk Desk
- European bourses began with modest gains that have since fizzled out to reside in negative territory amid a holiday-thinned session
- Core debt has been pressured after Bunds failed to eclipse Friday's peak convincingly with EZ Final PMIs not moving the dial but US ISM and Fed speak in focus
- The EU Commission is recommending the easing of restrictions on non-essential travel to the EU, whilst addressing variants via a new "emergency brake" mechanism
- ECB's de Guindos says the ECB can consider phasing...
03 May 2021, 09:00 by Newsquawk Desk
- MON: German Retail Sales (Mar); EZ and US Manufacturing Final PMI (Apr); ISM Manufacturing PMI (Apr); UK Bank Holiday, Chinese Labour Day & Japanese Constitution Day
- TUE: RBA Policy Decision, UK Manufacturing Final PMI (Apr); US Durable Goods R (Mar); New Zealand Jobs Report (Q1); Riksdag Hearing on Riksbank Monetary Policy; Chinese Labour Day
- WED: BCB Policy Decision; EZ and US Services and Composite Final PMI (Apr); US ADP National Employment (Apr);...
03 May 2021, 06:53 by Newsquawk Desk
- Asian equity markets began the week subdued amid key market closures and a lack of fresh macro-drivers over the weekend
- In FX, the DXY retained gains seen on Friday, EUR/USD and GBP/USD sit on 1.20 and 1.38 handles respectively
- ECB's de Guindos says the ECB can consider phasing out emergency stimulus once the economy picks up pace and 70% of the adult population is vaccinated
- Iran's Deputy Foreign Minister said that a deal was nearing for a...
30 Apr 2021, 11:53 by Newsquawk Desk
- European bourses are rangebound with individual movers dominated by earnings; stateside, futures are modestly softer
- Amazon earnings beat on top and bottom lines after reporting a 44% increase in sales; +2% in pre-market
- USD is firmer but remains sub-91.00 with action largely confined to EUR & GBP into month-end with Japanese participants away on holiday
- Chinese official Manufacturing PMI and Non-Manufacturing PMI disappointed but...
30 Apr 2021, 06:54 by Newsquawk Desk
- Asian stocks traded subdued after the momentum from yesterday’s intraday rebound and fresh record highs on Wall Street waned
- The APAC region was tentative at month-end and as participants digested an influx of earnings and mixed data releases
- Chinese official Manufacturing PMI and Non-Manufacturing PMI disappointed but remained in expansionary territory
- In FX, the DXY consolidated slightly north of 90.50, EUR/USD holds on to 1.21 and GBP/USD...
29 Apr 2021, 11:56 by Newsquawk Desk
- European bourses are somewhat mixed but slightly firmer overall after a heavy earnings morning in Europe while US futures are bolstered post large tech earnings
- Apple and Facebook beat on top & bottom lines and are firmer in pre-market trade, with upside also in Qualcomm while Ford is pressured
- President Biden unveiled his American Families plan which was in-line with earlier reports and prompted the expected Republican pushback
- The USD...
29 Apr 2021, 06:54 by Newsquawk Desk
- The FOMC left policy unchanged and Fed Chair Powell pushed back on early tapering expectations
- Asian equity markets traded positively in reaction to the continued dovish tone from the FOMC
- Support was also garnered from firm earnings amongst the tech giants including Apple, Facebook and Qualcomm
- Focus was also on President Biden’, who unveiled his American Families plan to Congress
- In FX, the DXY was subdued around...
28 Apr 2021, 11:50 by Newsquawk Desk
- European bourses are mixed though positively biased and rangebound in an earnings-dominated morning ahead of large-cap US reports; ES +0.1%
- Microsoft declined and Google shares surged after-hours/pre-market with both beating on top and bottom lines in their respective earnings
- US President Biden plans to ask Congress to pay for the entirety of the USD 1.8tln in new spending; speech at circa 21:00EDT tonight
- The USD has been supported by...
28 Apr 2021, 06:54 by Newsquawk Desk
- Asian equity markets traded tentatively following the flat performance of US peers as caution lingered ahead of the FOMC
- Microsoft declined and Google shares surged after-hours with both beating on top and bottom lines in their respective earnings
- In FX, the DXY lingers around the 91.00 mark, EUR/USD and GBP/USD are marginally softer
- US President Biden plans to ask Congress to pay for the entirety of the USD 1.8tln in new...
27 Apr 2021, 11:55 by Newsquawk Desk
- Equity indices have been drifting throughout the morning with European bourses slightly lower than relatively unchanged US futures ahead of large-cap earnings
- Tesla is lower in pre-market trade despite Q1 earnings beating on top and bottom lines with the Co. profiting from its Bitcoin holdings
- BoJ kept policy settings unchanged reducing inflation but increasing growth forecasts while the Riksbank reiterated its stance
- The DXY is firmer and...
27 Apr 2021, 06:54 by Newsquawk Desk
- Asia-Pac stocks failed to take impetus from the mostly positive close and fresh record levels stateside
- BoJ kept policy settings unchanged, reduced inflation forecasts for the current fiscal year and upgraded growth projections
- In FX, the DXY remains supported and eyes 91.00 to the upside, EUR/USD and GBP/USD remain sub-1.21 and 1.39 respectively
- Tesla was lower in after-hours trade despite Q1 earnings beating on top and bottom lines with...
26 Apr 2021, 11:33 by Newsquawk Desk
- European indices have been choppy but contained throughout the morning, with US futures mixed but similarly rangebound, ahead of key risk events this week
- The USD remains pressured to the modest benefit of major peers though EUR fails to derive support hindered by GBP while JPY is steady ahead of the BoJ
- Core debt is softer as earlier rebounds fizzled out ahead of 2 & 5yr issuance due stateside today while the US yield curve is marginally...
26 Apr 2021, 06:53 by Newsquawk Desk
- Asia-Pac equity markets traded tentatively albeit with a positive tilt ahead of a slew of upcoming risk events
- In FX, the DXY remained pressured below 91.00, EUR/USD and GBP/USD breached 1.21 and 1.39 to the upside respectively
- US Senator Manchin says that he would prefer a more targeted infrastructure bill
- US Senator Graham says that Republican support could exist for a USD 800-900bln infrastructure package
- Looking...
23 Apr 2021, 11:56 by Newsquawk Desk
- European bourses are softer following the soured US sentiment though APAC indices managed to shrug this off, stateside futures are modestly firmer but contained
- USD has been pressured but is still holding above the 91.00 mark and as such yesterday's low for the DXY, to the modest benefit of major peers with little reaction seen on UK/EZ data this morning
- Flash PMIs beat across the board for the UK as the economy begins to reopen with EZ figures also strong and now...
23 Apr 2021, 06:54 by Newsquawk Desk
- Asia-Pac stocks head into the weekend mixed after the region partially shrugged off the early headwinds from the US
- Sentiment in the US was spooked by reports that President Biden plans to hike capital gains tax to as much as 43.4%
- The Japanese government is seeking an emergency declaration for Tokyo, Osaka, Kyoto and Hyogo between April 25th-May 11th
- The DXY heads into the European session marginally softer after initial gains petered out...
22 Apr 2021, 11:49 by Newsquawk Desk
- European bourses are firmer after an earnings-dictated start to the session while US futures are essentially flat, with earnings similarly in focus
- The USD has been somewhat choppy initially eclipsing 91.20 sending Cable sub 1.39 briefly though since then the DXY has pulled back with peers mixed
- Russia utilises in excess of 40 warships and 20 support vessels in military drills in the Black Sea
- Libya's NOC said Libyan oil production falls...
22 Apr 2021, 06:55 by Newsquawk Desk
- Asia-Pac stocks traded mixed as the region struggled to maintain the momentum from the US
- Major US indices snapped a 2-day losing streak led by advances in small caps which resulted in the Russell 2000 finishing higher by more than 2%
- In FX, the DXY was indecisive overnight and briefly eyed a retest of the 91.00 level to the downside
- Indian COVID-19 cases increased by a global single-day record of 314,835
- US...