17 May 2024, 06:40 by Newsquawk Desk
- APAC stocks initially subdued before benefitting from the latest China property support measures
- DXY bid with peers generally contained aside from slight JPY pressure, Yuan benefits from the property support despite soft/mixed data beforehand
- Fixed benchmarks uneventful ex-JGBs which outperformed as the BoJ maintained the Rinban purchase amount
- Commodities contained with specifics light, modest support on China property caveated by...
16 May 2024, 11:05 by Newsquawk Desk
- European equities are mostly lower whilst US futures gain modestly
- Dollar is firmer paring back some of the CPI-induced losses, AUD lags after mixed employment data
- Bonds are steady, though with a very mild negative bias
- Crude benchmarks are flat, XAU is rangebound and base metals are mixed
- Looking ahead, US IJC, Philly Fed, BoE’s Greene, Fed’s Harker, Mester, Bostic & Barr. Earnings: Applied Materials, Deere...
16 May 2024, 06:35 by Newsquawk Desk
- APAC stocks took impetus from the gains on Wall St where major indices rallied to fresh record highs.
- European equity futures indicate a positive open with Euro Stoxx 50 future up 0.2% after the cash market closed up 0.4% on Wednesday.
- DXY took a breather from yesterday's data-induced losses, JPY continues to gain vs. the USD.
- Bund futures continued their advances and crude futures remained...
15 May 2024, 11:17 by Newsquawk Desk
- European bourses are mostly firmer, US futures flat ahead of US CPI & Retail Sales
- Dollar is weaker, Antipodeans lifted on reports of Chinese support measures, USD/JPY dips
- Bonds are firmer, continuing the post-PPI strength
- Crude is in the green, XAU is supported given the softer Dollar & base metals are in the green
- Looking ahead, US CPI & Retail Sales. Comments from Fed’s Kashkari. Earnings from Cisco...
15 May 2024, 06:35 by Newsquawk Desk
- APAC stocks traded mostly higher following the momentum from the US where the Nasdaq posted a fresh record close.
- European equity futures indicate a firmer open with Euro Stoxx 50 futures up 0.2% after the cash market closed flat on Tuesday.
- DXY is sub-105, EUR/USD sits on a 1.08 handle, Cable tested 1.26 and antipodeans outperform.
- Crude futures rebounded from the prior day's losses with prices helped by private sector inventory...
14 May 2024, 11:15 by Newsquawk Desk
- Equities are mixed, with trade tentative ahead of US PPI & Powell
- Dollar is flat, GBP softer following commentary from BoE’s Pill
- Bonds are firmer, taking a further leg higher after BoE’s Pill before paring on ZEW
- Crude is flat with oil-specific newsflow light, XAU is firmer and base metals are mixed
- White House says US President Biden is directing the USTR to increase tariffs on USD 18bln of imports from...
14 May 2024, 06:35 by Newsquawk Desk
- APAC stocks lacked firm conviction after the indecisive performance in the US ahead of key events.
- European equity futures indicate a flat to incrementally firmer open with Euro Stoxx 50 futures near the unchanged mark after the cash market closed down by 0.1% on Monday.
- FX markets are contained with DXY caged in a tight range, EUR/USD failed to sustain a 1.08 handle, USD/JPY gained a firmer footing above 156.
- Bunds were steady...
13 May 2024, 11:10 by Newsquawk Desk
- European bourses are mixed and trade around the unchanged mark; US futures are modestly firmer
- Dollar is slightly softer weighed on by recent EUR strength, NZD lags
- Bonds are incrementally firmer, though within contained ranges
- Crude benchmarks are on the front foot, XAU is softer and base metals are mixed
- Overnight focus on mixed Chinese data and then upcoming ultra-long issuance, latter development providing...
13 May 2024, 06:40 by Newsquawk Desk
- Cautious APAC trade amid mixed data incl. Chinese CPI but with support from China's ultra-long issuance plans
- DXY rangebound with peers contained, NZD lags after cooler inflation projections
- JGBs pressured as the BoJ adjusted its 5-10yr bond buying operation for today
- Commodities attentive to mixed commentary from the Iraq Oil Minister, metals mixed
- Looking ahead, highlights include NY Fed Survey of Consumer...
10 May 2024, 10:58 by Newsquawk Desk
- European bourses extend to session highs, whilst US futures post modest gains
- Dollar is flat & GBP marginally outperforms post-GDP
- USTs are flat, EGBs bid though to a lesser degree than Gilts, which have shrugged off hawkish GDP data
- Crude is firmer with specifics light, XAU extends to highs and base metals benefit from the risk tone
- Looking ahead, Canadian Jobs Data, BoC SLOOS, Chinese Money Supply, Comments...
10 May 2024, 06:35 by Newsquawk Desk
- APAC stocks mostly tracked the gains in the US where a rise in initial jobless claims spurred a dovish reaction.
- European equity futures indicate a mildly positive open with Euro Stoxx 50 future +0.2% after the cash market closed higher by 0.3% on Thursday.
- DXY is mildly firmer in what has been a quiet session for FX overnight, antipodeans marginally lag.
- Crude futures mildly extended on gains, Bunds remain afloat after the recent...
09 May 2024, 11:19 by Newsquawk Desk
- European equities are mixed, Stateside futures lower with slight underperformance in the RTY
- Dollar is firmer, G10s in the red and USD/JPY now just shy of 156.00
- Bonds pressured in a continuation of recent action; Gilts underperform slightly ahead of the BoE
- Crude is firmer, XAU flat and base metals mostly lower
- Looking ahead, US IJC, NZ Manufacturing PMI, BoE Policy Announcement, BoE DMP, Banxico Policy...
09 May 2024, 06:36 by Newsquawk Desk
- APAC stocks were mixed following the indecisive performance stateside, while somewhat mixed but improved Chinese trade data had little impact.
- European equity futures indicate a flat open with Euro Stoxx 50 futures unchanged after the cash market closed higher by 0.4% on Wednesday.
- DXY is steady near the 105.50 mark with price action in the FX space contained.
- Bunds extended on their recent pullback, Crude remains afloat after...