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Newsquawk

Blog

Original insights into market moving news

Europe Market Open: APAC stocks subdued, South Korea underperformed after the martial law declaration and backtrack

04 Dec 2024, 07:06 by Newsquawk Desk

  • APAC stocks were mostly subdued with underperformance in South Korea following the martial law declaration and backtrack.
  • South Korean President Yoon announced on Tuesday the lifting of martial law after parliament voted to block it.
  • European equity futures are indicative of a quiet cash open with the Euro Stoxx 50 future flat after the cash market closed higher by 0.7% on Tuesday.
  • USD is mixed vs. peers, AUD lags post-Australian GDP data,...
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Europe Market Open: APAC stocks subdued, South Korea underperformed after the martial law declaration and backtrack

04 Dec 2024, 07:05 by Newsquawk Desk

The Newsquawk Europe Market Open, available on Capital.com  

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US Market Open: US yield curve steepens and Dollar is broadly softer ahead of JOLTS and Fed speak, OATs await Wednesday's confidence vote

03 Dec 2024, 11:35 by Newsquawk Desk

  • European bourses are entirely in the green; US futures are essentially flat ahead of US JOLTS and Fed speak.
  • USD is broadly softer vs. peers, EUR/USD reclaims 1.05.
  • US yield curve steepens ahead of JOLTS, OATs await Wednesday's confidence vote
  • Crude climbs higher, base metals benefit from the risk tone and softer USD.
  • Looking ahead, US JOLTS, Speakers including Fed’s Goolsbee, Daly, Kugler.
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Europe Market Open: APAC stocks mostly green as the region took impetus from the fresh record highs in the S&P 500 and Nasdaq

03 Dec 2024, 06:48 by Newsquawk Desk

  • APAC stocks were mostly positive as the region took impetus from the fresh record highs in the S&P 500 and the Nasdaq.
  • Fed's Waller said he leans toward supporting a cut in December, Bostic said December decision is not preordained.
  • European equity futures are indicative of a positive cash open with the Euro Stoxx 50 future +0.4% after the cash market closed higher by 0.9% on Monday.
  • DXY is net higher with the USD showing differing...
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US Market Open: USD bid amid further tariff threats ahead of ISM Manufacturing, OATs in focus as the French gov't awaits Le Pen's decision

02 Dec 2024, 11:28 by Newsquawk Desk

  • European bourses began the session in negative territory, but sentiment quickly improved to show a mostly positive picture in Europe; US futures modestly lower.
  • Dollar is propped up by further Trump tariff threats, EUR dragged by political uncertainty and tests 1.05 to the downside.
  • OATs in focus as the French gov't awaits Le Pen's decision; USTs are slightly lower ahead of US ISM Manufacturing PMIs.
  • WTI & Brent are on a firmer footing...
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US Market Open: USD knocked by a stronger JPY, EUR unreactive to Flash HICP

29 Nov 2024, 11:35 by Newsquawk Desk

  • European bourses near unchanged while US futures are modestly firmer post-Thanksgiving
  • USD knocked by a stronger JPY. EUR unreactive to Flash HICP
  • Fixed benchmarks in the green, OATs in focus awaiting a Le Pen decision
  • Crude diverges given the lack of settlement but benchmarks are at the lower-end of c. USD 1/bbl parameters
  • Metals in the green, gold gleans support from the USD and punchy language around...
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Europe Market Open: APAC mixed & European futures contained in the absence of a Wall St handover

29 Nov 2024, 06:52 by Newsquawk Desk

  • APAC stocks traded mixed albeit with a slightly positive bias in the absence of a lead from Wall Street.
  • Tokyo CPI data, seen as a leading indicator of nationwide price trends, supports the case for the BoJ to resume rate hikes next month.
  • USD is softer vs. peers with JPY  leading on account of Tokyo inflation data; USD/JPY briefly broke below 150.
  • European equity futures are indicative of a contained cash open with the Euro Stoxx 50...
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Europe Market Open: APAC mixed following the subdued handover from the US heading into Thanksgiving

28 Nov 2024, 06:58 by Newsquawk Desk

  • APAC stocks traded mixed after the subdued lead from Wall St where stocks retreated heading into Thanksgiving and month-end.
  • European equity futures are indicative of a positive cash open with the Euro Stoxx 50 future +0.6% after the cash market closed lower by 0.6% on Wednesday.
  • USD is broadly firmer vs. peers following yesterday's broad-based selling.
  • Bunds are a touch higher heading into the European open, crude futures are...
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US Market Open: US futs mostly lower (RTY leads), USD outmuscled by JPY

27 Nov 2024, 11:35 by Newsquawk Desk

  • European equities on the back foot with hawkish remarks from Schnabel weighing, US futures mixed into a packed data docket
  • JPY outperforms with the NZD a close second after the RBNZ, EUR lifted by Schnabel; DXY pressured as such
  • Fixed benchmarks in the green and towards highs though Bunds were dented by ECB speak, OAT-Bund yield spread at its highest since 2012
  • Crude benchmarks are modestly firmer but in narrow ranges awaiting updates around...
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Europe Market Open: Lebanon ceasefire is in effect, RBNZ cut by 50bps & no surprises from FOMC Minutes

27 Nov 2024, 06:58 by Newsquawk Desk

  • APAC stocks were mixed after the S&P 500 and DJIA posted fresh record highs but the small-cap Russell 2000 underperformed.
  • FOMC Minutes noted uncertainty over the neutral rate level makes it appropriate to reduce restraint gradually; some said the Fed could pause easing.
  • Israel’s cabinet approved the ceasefire deal with Lebanon; ceasefire has since gone into effect.
  • European equity futures are indicative of a negative cash open with...
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US Market Open: CAD & MXN hit by Trump’s tariff announcement, US futures impacted but are back in the green; FOMC minutes ahead

26 Nov 2024, 11:50 by Newsquawk Desk

  • Trump announced he is to charge Mexico and Canada a 25% tariff on all products and will charge China 'an additional 10% Tariff, above any additional Tariffs'.
  • European bourses in the red on the above, US futures initially pressured but have since made their way back to unchanged/marginally firmer
  • USD began on the back foot but has since retreated markedly, JPY outperforms while CAD is the G10 laggard
  • Fixed benchmarks in the red pulling back...
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Europe Market Open: Trump announces tariffs on Canada, China & Mexico; FOMC Minutes due

26 Nov 2024, 07:00 by Newsquawk Desk

  • APAC stocks were ultimately mixed but with early jitters seen following Trump's tariff remarks.
  • Trump announced he is to charge Mexico and Canada a 25% tariff on all products and will charge China 'an additional 10% Tariff, above any additional Tariffs'.
  • European equity futures are indicative of a negative cash open with the Euro Stoxx 50 future -0.9% after the cash market closed higher by 0.2% on Monday.
  • Israeli official said the Security...
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US Market Open: Stocks firm, USD pressured & USTs bid on Trump’s Treasury appointment

25 Nov 2024, 11:40 by Newsquawk Desk

  • European bourses & US futures begin the week on the front-foot, as markets welcome the nomination of Scott Bessent as Trump's Treasury Secretary.
  • USD pressured and USTs bid following this, with the DXY sub-107.00 and the US yield curve bull-flattening
  • FX peers generally benefit from the USD pressure, JPY outperformed overnight on favourable yield action and approval of Japanese stimulus
  • Crude in the red on Bessent, Israel-Lebanon and...
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Europe Market Open: APAC markets open higher as Trump continues cabinet picks, China lagged

25 Nov 2024, 06:48 by Newsquawk Desk

  • APAC stocks began the week mostly higher following last Friday's gains stateside; Nikkei 225 boosted by stimulus approval
  • President-elect Trump picked hedge-fund manager Scott Bessent as Treasury Secretary; seen as a more market-friendly option
  • European equity futures are indicative of a positive cash open with the Euro Stoxx 50 future +0.7% after the cash market closed higher by 0.7% on Friday
  • USD is softer vs. all major peers, DXY sits...
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US Market Open: Dismal EZ PMIs hit risk sentiment, with Bonds bid and EUR at lows

22 Nov 2024, 11:15 by Newsquawk Desk

  • Equities began the session on a firmer footing but now reside in negative territory after dismal EZ PMI metrics.
  • USD firmer and ultimately benefiting from poor EZ PMIs which forced EUR/USD briefly onto a 1.03 handle. Sterling hit on its own data and Retail Sales beforehand.
  • Bonds soar in reaction to dire EZ PMIs which have boosted the odds of a 50bps ECB cut.
  • Crude is slightly firmer, XAU bid and base metals hit by...
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Europe Market Open: US stocks finished higher, China lagged overnight, geopols continues to drive action; PMIs ahead

22 Nov 2024, 06:50 by Newsquawk Desk

  • US stocks ultimately finished higher with APAC mostly sustaining this momentum though China lagged
  • DXY contained but remains above 107.00, EUR below 1.05 and Cable near 1.2550
  • Fixed benchmarks are firmer but only modestly so as we await Flash PMIs
  • Crude underpinned by ongoing geopolitical tensions as Russia fired a new medium-range ballistic missile
  • US President-elect Trump considers Kevin Warsh to serve as Treasury...
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US Market Open: NVDA -2% as revenue growth slows, havens lifted by tensions between Russia and Ukraine.

21 Nov 2024, 11:35 by Newsquawk Desk

  • Equities generally modestly lower; NVDA -3% pre-market despite headline beats as Q4 guidance disappoints.
  • Ukraine’s airforce announced that Russia launched an ICBM, Ukrainian media specified it was a RS-26 missile; however, CNN reports that ICBM usage has not been confirmed.
  • Dollar is slightly firmer, JPY outperforms benefiting from the risk-aversion triggered by tensions between Russia and Ukraine.
  • Bonds are benefiting from the geopolitical...
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Europe Market Open: APAC stocks mixed with geopols and NVIDIA results, Co. lower by 2.5% after hours

21 Nov 2024, 06:55 by Newsquawk Desk

  • APAC stocks were mostly subdued after the indecisive lead from the US where geopolitics and Nvidia earnings were in the spotlight.
  • NVIDIA was lower by 2.5% after hours despite top and bottom line beats; concerns cited over production levels and slowing growth rates.
  • European equity futures are indicative of a slightly firmer cash open with the Euro Stoxx 50 future +0.3% after the cash market closed lower by 0.5% on Wednesday.
  • DXY has...
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US Market Open: Positive risk tone sees equities gain, DXY bid & Gilts underperform post-CPI, NVDA due

20 Nov 2024, 11:30 by Newsquawk Desk

  • Equities are entirely in the green as sentiment improves; NVDA earnings due after-hours.
  • Dollar is back on a firmer footing, JPY underperforms and gives back the prior day’s haven-induced strength.
  • Bonds are on the backfoot, and with clear underperformance in Gilts after the region’s hotter than expected CPI figures.
  • Crude is incrementally firmer, XAU edges lower and base metals benefit from the risk tone.
  • Looking...
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Europe Market Open: APAC mixed as geopolitical tensions rise, supply and Fed speak ahead

20 Nov 2024, 06:50 by Newsquawk Desk

  • APAC stocks traded mixed following the price swings seen across global markets on Tuesday in which the US indices staged a recovery.
  • European equity futures are indicative of a positive cash open with the Euro Stoxx 50 future +0.4% after the cash market closed lower by 0.8% on Tuesday.
  • USD is broadly firmer vs. peers, JPY lags across the majors, EUR/USD failed to sustain a move onto a 1.06 handle.
  • President Biden approved the provision of...
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US Market Open: Risk off sentiment as Russia's Kremlin suggests nuclear response

19 Nov 2024, 11:30 by Newsquawk Desk

  • Equities are entirely in the red with sentiment hit following remarks by Russia’s Kremlin, which said "Russia reserves the right to use nuclear weapons in an event of aggression".
  • Dollar is firmer vs most peers, but weaker against the JPY which caught a bid owing to its safe-haven status.
  • Bonds have soared to session highs following comments by the Russian Kremlin that it could respond to aggression in a nuclear manner.
  • Crude is on the...
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Europe Market Open: APAC trades mostly in the green; newsflow quiet

19 Nov 2024, 06:45 by Newsquawk Desk

  • APAC stocks traded mostly in the green following the similar performance stateside although gains were capped amid relatively quiet newsflow.
  • European equity futures are indicative of a positive cash open with the Euro Stoxx 50 future +0.3% after the cash market closed lower by 0.1% on Friday.
  • FX markets are broadly steady, DXY holds above 106, EUR/USD sits below 1.06, JPY is a touch firmer.
  • Crude futures held on to the prior day's gains,...
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US Market Open: US futures are mixed, Bonds edge lower whilst XAU gains; ECB Lagarde due

18 Nov 2024, 11:15 by Newsquawk Desk

  • European bourses are generally on the backfoot, US futures are mixed.
  • Dollar is incrementally lower, JPY underperforms after BoJ Governor Ueda continued to signal a lack of urgency to hike rates.
  • USTs are marginally lower whilst Bunds extend losses and slips below 132.00.
  • WTI & Brent are firmer in what has been a choppy session, XAU eyes USD 2.6k to the upside.
  • Looking ahead, ECB’s Lagarde, Lane & Fed’s...
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Europe Market Open: APAC stocks modestly firmer & FX markets contained, ECB President Lagarde ahead

18 Nov 2024, 06:45 by Newsquawk Desk

  • APAC stocks began the week with a mildly positive following last Friday's tech-led declines on Wall St.
  • European equity futures are indicative of a marginally positive cash open with the Euro Stoxx 50 future +0.1% after the cash market closed lower by 0.8% on Friday.
  • FX markets are broadly contained with DXY, EUR/USD and USD/JPY on 106, 1.05 and 154 handles respectively.
  • US President Biden’s administration lifted restrictions on Ukraine...
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US Market Open: DXY on the backfoot & crude sells off after constructive ceasefire advancements

15 Nov 2024, 11:15 by Newsquawk Desk

  • European bourses are mixed vs initially opening entirely in the red; US futures sit in negative territory.
  • DXY is on the backfoot and holds around 106.50, JPY outperforms.
  • USTs are under pressure in a continuation of the price action seen following a hawkish-leaning Powell; Gilts bid after the UK’s downbeat GDP metrics.
  • Crude is in the red, XAU is flat, whilst base metals hold a positive bias alongside the pullback in the...
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