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Newsquawk

Blog

Original insights into market moving news

Europe Market Open: APAC stocks benefit from a strong US close, DXY flat & AUD unreactive to RBA

18 Jun 2024, 06:45 by Samuel Indyk

  • APAC stocks took impetus from the gains in the US where the S&P 500 and the Nasdaq notched record highs
  • DXY steady, AUD unreactive to RBA while the JPY was unphased by Ueda
  • RBA rate decision where the central bank kept rates unchanged and reiterated the Board remains resolute in its determination to return inflation to the target and it is not ruling anything in or out.
  • Fixed benchmarks nursed some of Monday's pressure but were largely...
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[PODCAST] EU Open Rundown 31st May 2019

31 May 2019, 06:59 by Samuel Indyk

  • Asian indices are subdued with sentiment weighed on by US President Trump’s plans to place tariffs on Mexican goods at an initial level of 5%
  • Chinese Manufacturing PMI moved into contractionary territory and printed below the estimate at 49.4
  • China reportedly has plans to limit rare earth sales to the US if necessary, while US VP Pence says Trump and Xi will likely meet at the G20 summit
  • Looking ahead, highlights include German Retail Sales...
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Week in Focus; week commencing 28 January 2019

25 Jan 2019, 16:09 by Samuel Indyk

  • Monday: BoJ Minutes, Eurozone Consumer Confidence (Final), New Zealand Trade Balance
  • Tuesday: US Consumer Confidence, US Case Shiller, Japan Retail Sales
  • Wednesday: FOMC Interest Rate Decision, Australia CPI, US Pending Home Sales, US-China trade talks
  • Thursday: US PCE (TBC), US Chicago PMI, China PMIs, Eurozone GDP Flash & Unemployment, Canadian PPI, Japan Labour Report, US-China trade talks
  • Friday: EZ (F), UK, US mfg PMIs, US NFP, ISM mfg PMI, Uni. Of Michigan
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Week in Focus – Week Commencing 27th August 201

24 Aug 2018, 15:16 by Samuel Indyk

Key Events

Monday: UK Market Holiday, German Ifo Survey

Tuesday: US Trade Balance

Wednesday: French GDP, US GDP (2nd Reading), US Pending Home Sales

Thursday: German Labour Market, German CPI (Prelim), US PCE, Canadian GDP (Quarterly)

Friday: Japan Labour Market, Tokyo CPI, China PMI, EZ CPI (Prelim)

TRADE

The US trade war continues to be...

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Week in Focus – Week Commencing 20th August 2018

17 Aug 2018, 17:04 by Samuel Indyk

Key Events

Monday: German PPI

Tuesday: RBA Minutes

Wednesday: NZ Retail Sales, Canadian Retail Sales, US Existing Home Sales, FOMC Minutes

Thursday: Norway GDP, EZ PMI (Flash), ECB Minutes, Fed’s Jackson Hole Symposium begins, US PMI (Flash), US tariffs on USD 16bln of Chinese goods take effect

Friday: NZ Trade Balance, Japan CPI, German GDP (2nd reading), US Durable...

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Week In Focus: Week commencing 13th August 2018

10 Aug 2018, 17:43 by Samuel Indyk

Key Events

Monday: North and South Korea to hold “high-level” talks

Tuesday: China Industrial Production, German ZEW Survey, German & EZ GDP, UK Labour Market, Home Depot earnings

Wednesday: UK CPI, US Retail Sales, US Industrial Production, Cisco earnings

Thursday: Australian Labour Market, Norges Bank Rate Decision, UK Retail Sales, US Housing Starts & Building Permits, Walmart...

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Week in Focus – Week Commencing 6th August 2018

03 Aug 2018, 17:14 by Samuel Indyk

Monday: German Factory Orders

Tuesday: RBA Rate Decision, German Industrial Production, US JOLTs

Wednesday: China Trade Balance

Thursday: RBNZ Rate Decision, China CPI, US PPI, US and Japan to hold bilateral trade talks

Friday: Japan GDP, Norway CPI, Swedish CPI, UK GDP, US CPI, Canadian Labour Market

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Week in Focus – Week commencing 30th July

27 Jul 2018, 17:18 by Samuel Indyk

Key Events

Monday: Swedish GDP, German CPI (Prelim), US Pending Home Sales

Tuesday: Japan Labour Market, China PMI, BoJ Decision, German Labour Market, EZ CPI, EZ GDP, US PCE, Canadian GDP, US SOMA Redemptions, Apple Earnings

Wednesday: NZ Labour Market, EZ Manufacturing PMI, UK Manufacturing PMI, US ADP Employment Change, US Quarterly Refunding Announcement, US ISM Manufacturing, FOMC Decision, Brazil Rate...

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Week in Focus – Week commencing 23rd July

20 Jul 2018, 16:38 by Samuel Indyk

Monday: US Existing Home Sales

Tuesday: EZ & US Manufacturing & Services PMIs (Flash)

Wednesday: AU CPI, GE IFO Survey, US New Home Sales, EU’s Juncker visits the US

Thursday: ECB Decision, US Durable Goods

Friday:  Tokyo CPI, US GDP (Prelim reading)

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Week in Focus – Week Commencing 16th July 2018

13 Jul 2018, 15:40 by Samuel Indyk

Key Events

Monday: Chinese GDP, Trump/Putin Summit, US Retail Sales

Tuesday: NZ CPI, RBA Minutes, UK Labour Market, US Industrial Production, US TIC Flows, Fed Chair Powell’s Semi-Annual Testimony

Wednesday: UK CPI, EZ CPI (Final), US Housing Starts & Building Permits

Thursday: Australian Labour Market, UK Retail Sales

Friday: Japanese CPI, Canadian...

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Week in Focus – Week Commencing 9th July 2018

06 Jul 2018, 16:01 by Samuel Indyk

Monday: German Trade Balance

Tuesday: German ZEW Survey, UK Industrial Production, UK GDP (Monthly)

Wednesday: BoC Interest Rate Decision & MPR, US PPI

Thursday: US CPI, German CPI (Final), ECB Minutes

Friday: Chinese Trade Balance, JPM, Wells Fargo and Citi report earnings

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[PODCAST] US Open Rundown 3rd July 2018

03 Jul 2018, 11:54 by Samuel Indyk

  • Wall Street gains and CDU/CSU immigration agreement leads EU stocks into the green
  • Riksbank leaves rates and rate path unchanged, but opposition from Floden and Ohlssen pushes SEK higher
  • Looking ahead, highlights include, US factory orders, APIs and ECB’s Praet

ASIA

Asian stocks traded mixed as the region failed to take full advantage of the tail wind from the tech-led recovery on Wall St and early bargain hunting following the prior day’s hefty declines. ASX...

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Week in Focus – Week Commencing 2nd July 2018

29 Jun 2018, 19:14 by Samuel Indyk

Central Banks

At the June meeting the Fed expectedly hiked interest rates by 25bps, however, the median now sees four hikes in 2018 from three previously. The decision was perceived as relatively hawkish as the Fed also dropped their reference that it expected interest rates to be below neutral for “some time”. Nevertheless, markets are still not fully believing the Fed and pricing for four rate hikes this year stands below 50%. Markets will be looking out for comments in...

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Week in Focus – Week Commencing 18th June 2018

22 Jun 2018, 15:15 by Samuel Indyk

Key Events

Sunday: Turkish General Election

Monday: German IFO

Tuesday: N/A

Wednesday: BoE Governor Carney speaks, US Durable Goods, Trade Balance

Thursday: RBNZ Rate Decision, German CPI (Prelim), US GDP (Final), EU Summit

Friday: Japan Labour Market, German Labour Market, UK GDP (Final), EZ CPI, US PCE, Canadian GDP (monthly)  

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Week in Focus – Week Commencing 18th June 2018

22 Jun 2018, 15:15 by Samuel Indyk

Key Events

Sunday: Turkish General Election

Monday: German IFO

Tuesday: N/A

Wednesday: BoE Governor Carney speaks, US Durable Goods, Trade Balance

Thursday: RBNZ Rate Decision, German CPI (Prelim), US GDP (Final), EU Summit

Friday: Japan Labour Market, German Labour Market, UK GDP (Final), EZ CPI, US PCE, Canadian GDP (monthly)  

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Week in Focus – Week Commencing 18th June 2018

22 Jun 2018, 15:15 by Samuel Indyk

Key Events

Sunday: Turkish General Election

Monday: German IFO

Tuesday: N/A

Wednesday: BoE Governor Carney speaks, US Durable Goods, Trade Balance

Thursday: RBNZ Rate Decision, German CPI (Prelim), US GDP (Final), EU Summit

Friday: Japan Labour Market, German Labour Market, UK GDP (Final), EZ CPI, US PCE, Canadian GDP (monthly)  

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Week in Focus – Week Commencing 18th June 2018

22 Jun 2018, 15:15 by Samuel Indyk

Key Events

Sunday: Turkish General Election

Monday: German IFO

Tuesday: N/A

Wednesday: BoE Governor Carney speaks, US Durable Goods, Trade Balance

Thursday: RBNZ Rate Decision, German CPI (Prelim), US GDP (Final), EU Summit

Friday: Japan Labour Market, German Labour Market, UK GDP (Final), EZ CPI, US PCE, Canadian GDP (monthly)  

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Week in Focus – Week Commencing 11th June 2018

08 Jun 2018, 15:08 by Samuel Indyk

Key Events

  • Monday: Nothing major of note
  • Tuesday: Brexit votes in the House of Commons, UK Labour Market, US CPI, US-North Korea Summit
  • Wednesday: UK CPI, FOMC Rate Decision
  • Thursday: Australian Labour Market, ECB Rate Decision
  • Friday:  EZ CPI (Final), BoJ Rate Decision

Politics

On Tuesday, UK Parliament is...

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Week in Focus – Week Commencing 28th May 2018

25 May 2018, 18:12 by Samuel Indyk

Key Events

  • Monday: US and UK Market Holiday
  • Tuesday: Japan Labour Market
  • Wednesday: Sweden GDP, German Labour Market, ADP Employment Change, US GDP (2nd reading), BoC Rate Decision
  • Thursday: Australian CAPEX, China Official PMIs, Swiss GDP, EZ CPI, EZ Unemployment, US PCE, Canadian GDP
  • Friday: China Caixin Manufacturing PMI, EZ Manufacturing PMIs, UK Manufacturing PMI, US NFP, US ISM Manufacturing 
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Week in Focus 21.05.18

21 May 2018, 13:53 by Samuel Indyk

Key Events

  • Monday: NZ Retail Sales
  • Tuesday: UK/EU Brexit Talks
  • Wednesday: Eurozone PMIs (Flash), UK CPI, FOMC Minutes
  • Thursday: NZ Trade Balance, German GDP, UK Retail Sales, ECB Minutes, Eurogroup Meeting
  • Friday: Tokyo CPI, UK GDP (2nd reading), US Durable Goods, Fed’s Powell & BoE’s Carney speak

North America

FOMC May Meeting Minutes: The Fed kept rates unchanged at 1.50-1.75%,...

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RANsquawk EU Open Rundown 16.05.18

16 May 2018, 13:56 by Samuel Indyk

  • Asian stocks were mostly negative on spill-over selling from the US. Sentiment also soured after North Korea cancelled a high-level inter-Korean meeting
  • UK government is to publish its Brexit White Paper next month. Italy’s M5S leader Di Maio said there are still issues to resolve
  • Looking ahead, highlights include Eurozone CPI, US industrial production, DoE’s, ECB’s Draghi, Praet and Constancio, Fed’s Bullard and Bostic

ASIA

Asian...

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RANsquawk EU Open Rundown 15.05.18

15 May 2018, 13:57 by Samuel Indyk

  • Asian equity markets were subdued with prices relatively range-bound following the modest performance in US. FX markets consolidated throughout most of the Asia-Pac session
  • UK PM May admitted that the current options regarding UK customs plan are unworkable. The League and 5SM in Italy need more time to form a government
  • Looking ahead, highlights include GE and EZ GDP, UK jobs, German ZEW, US retail sales, Fed’s Williams and Kaplan

ASIA

Asian equity...

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RANsquawk EU Open Rundown 14.05.18

14 May 2018, 14:05 by Samuel Indyk

  • Asian equity markets began the week mostly positive but with trade relatively rangebound. In FX, the greenback was somewhat subdued with the DXY below 92.50
  • Italy’s 5-Star Movement and League reportedly reached an agreement on certain measures although still need to reach a deal on who to choose to be PM and cabinet members
  • Looking ahead, highlights include the OPEC Monthly Report, Fed’s Mester, Bullard, BoE’s Carney, ECB’s Praet, Lautenschlaeger, and...
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Week in Focus – Week Commencing 7th May 2018

07 May 2018, 14:09 by Samuel Indyk

Key Events

Monday: BoJ Minutes

Tuesday: China Trade Balance, Fed’s Powell scheduled to speak

Wednesday: US PPI

Thursday: BoE Rate Decision & QIR, RBNZ Rate Decision (Wednesday evening UK time), China CPI, US CPI

Friday: Canadian Labour Market data

 

North America

Data releases are thin from North America in the week, with inflation in focus in the US and labour market data from Canada. Headline US CPI is expected to increase...

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Week In Focus: US & UK Inflation Headline, The Riksbank Convenes, While China Goes On Holiday

09 Feb 2018, 15:33 by Samuel Indyk

Key Events

 

Monday:

 

Tuesday: UK Inflation (Jan)

 

Wednesday: Japanese GDP (Q4), US CPI (Jan)

 

Thursday: Riksbank MonPol Decision, Australian Labour Market Report (Jan)

 

Friday:

 

North America

 

The US docket centres on Wednesday’s releases. January’s headline CPI is...

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