08 May 2023, 11:35 by Newsquawk Desk
- European bourses are firmer across the board, Euro Stoxx 50 +0.1%, though trade has been very contained/steady with the UK away.
- Stateside, the narrative is much the same with futures flat ahead of key Fed-related events and the focus thus far on BRK.B and debt ceiling.
- Biden to meet McCarthy & others on Tuesday re. debt limit, via FT; said he would not rule out invoking the 14th amendment
- DXY is softer and edging towards 101.00 with...
08 May 2023, 06:35 by Newsquawk Desk
- APAC stocks mostly gained as the region took impetus from Friday's rally on Wall St and strong US jobs data.
- Fed's Bullard (non-voter) said he thinks the Fed will ultimately have to grind higher on rates because of forecasts for a slower decline in inflation than others.
- US President Biden is to meet with House Speaker McCarthy and other top congressional leaders on Tuesday regarding the debt limit crisis, according to FT.
- European equity...
05 May 2023, 11:35 by Newsquawk Desk
- European bourses and US futures are firmer despite the mixed APAC session as participants await NFP
- Within this, DAX 40 outperformers aided by German electricity adjustments and strong Adidas earnings.
- ABA is urging the SEC to investigate short-selling activity while the White House is hopeful on avoiding a debt default.
- AUD outperforms after hawkish-SOMP while CHF lags post-CPI; USD is softer but relatively...
05 May 2023, 06:35 by Newsquawk Desk
- APAC stocks traded mixed after the weak lead from the US where risk sentiment was subdued by banking-related headwinds.
- US federal and state officials are reportedly assessing possible market manipulation regarding banking shares.
- European equity futures are indicative of a higher open with the Euro Stoxx 50 +0.5% after the cash market closed down 0.5% yesterday.
- Sources revealed ECB policymakers agreed to a smaller rate increase in return...
04 May 2023, 11:15 by Newsquawk Desk
- European bourses are pressured following the subdued APAC/US handover, stateside performance is currently mixed/rangebound with a focus on regional banks/earnings.
- DXY nears 101.50 from a 101.02 base as the Euro failed to eclipse 1.11 with peers contained ex-out/underperformance in NZD and CHF
- Crude benchmarks are firmer after an initial marked slump overnight; Shell says they are nearing 2019 levels of oil demand in China
- UST yields...
04 May 2023, 06:35 by Newsquawk Desk
- Fed delivered a 25bps hike and opened the door to a pause, although Powell was reluctant to officially call it one and pushed back on talk of rate cuts.
- PacWest Bancorp (PACW) is said to weigh strategic options including a sale, according to Bloomberg.
- APAC stocks were mixed in the aftermath of the FOMC which saw US stocks mostly decline post-Powell presser.
- European equity futures are indicative of a marginally softer open with the Euro...
03 May 2023, 11:20 by Newsquawk Desk
- European futures are on the front-foot with US futures in-fitting after Tuesday's regional banking pressure.
- DXY continues to slip as USTs advance pre-FOMC, NZD leads while EUR and GBP eye 1.1050 and 1.2550.
- Crude benchmarks came under marked pressure despite limited fresh catalysts as focus remains on the broader growth outlook.
- "Several House GOP leadership sources said they would want to see the Senate pass a short-term debt-limit hike...
03 May 2023, 06:35 by Newsquawk Desk
- APAC stocks were mostly negative following the losses on Wall St amid regional bank jitters which resulted in the regional banking ETF closing down by over 6%.
- White House said they have the tools necessary to keep the banking system safe and the FDIC will continue to monitor the banking situation.
- European equity futures are indicative of a higher open with the Euro Stoxx 50 +0.5% after the cash market closed lower by 1.5%...
02 May 2023, 11:25 by Newsquawk Desk
- European bourses mostly softer in catch-up trade from the long weekend, US futures similar with attention on the Fed, debt ceiling & earnings
- AUD outperforms after a RBA hike and hawkish guidance, DXY picking up above 102.00 after pivoting the figure while EUR & GBP fade
- EGBs softer in corrective post-ISM trade though off lows as the ECB BLS sparked a dovish reaction
- Subsequently, the EZ Flash HICP measure saw little sustained...
02 May 2023, 06:30 by Newsquawk Desk
- APAC stocks traded with a slight positive bias as many of the regional participants returned to the market from the long weekend.
- The RBA surprised markets with a 25bps rate increase, while the central bank's language remained hawkish with the Board expecting some further tightening of monetary policy will be needed.
- European equity futures are indicative of a mildly higher open with the Euro Stoxx 50 +0.2% after the index was unchanged...
28 Apr 2023, 11:40 by Newsquawk Desk
- European sentiment pressured by Flash-Prelim. growth data while earnings remain in focus
- A dynamic that has eased somewhat since the EZ-wide figure, Euro Stoxx 50 -0.7%, with attention on upcoming US data points/earnings
- AMZN initially rose but is currently -2% in pre-market with the focus on AWS; in Europe, banking names lag amid NatWest and yield action
- DXY eclipsed 102.00 as JPY sinks as BoJ maintains ultra-easy policy and gives dovish...
28 Apr 2023, 06:45 by Newsquawk Desk
- APAC stocks were positive after taking impetus from the rally on Wall St while the region also digested a slew of earnings, data and the BoJ.
- BoJ kept policy settings unchanged, tweaked its forward guidance which remained dovish and announced it is to conduct a policy review.
- Amazon shares initially rose by some 9% in after-hours trade post-earnings before dropping to losses of 2% with some highlighting the Co. signalling lower AWS...
27 Apr 2023, 11:20 by Newsquawk Desk
- European bourses relatively contained but with an underlying positive skew after a deluge of earnings.
- NQ outperforms post-META (+11% pre-market) with AMZN, among others, ahead.
- DXY edges above 101.50 with antipodeans outperforming while JPY and CHF are undermined by yields.
- EGBs remain subdued but have bounced off initial lows post-supply, USTs in-fitting pre-7yr/GDP
- Crude consolidates with metals mixed overall...
27 Apr 2023, 06:36 by Newsquawk Desk
- APAC stocks traded mixed with most of the major indices subdued amid the banking sector headwinds in the US and as participants digested a deluge of earnings releases.
- European equity futures are indicative of a weaker open with Euro Stoxx 50 future -0.3% after the cash market closed lower by 0.7% yesterday.
- DXY is lacking in direction, EUR/USD lingers around 1.1050, GBP/USD is back below 1.25, NZD outperforms peers.
- US House voted 217 vs...
26 Apr 2023, 11:23 by Newsquawk Desk
- European bourses are lower across the board, continuing the APAC tone with regional earnings impacting Industrial & Tech.
- Stateside, futures are mixed with pronounced NQ outperformance with GOOGL +1.1% & MSFT +7.9% in pre-market trade.
- SEK crushed after dovish 50bp Riksbank hike, DXY further below 101.50 with EUR & GBP extending while AUD lags.
- Fixed benchmarks are contained but diverging slightly with EGBs slightly firmer while...
26 Apr 2023, 06:40 by Newsquawk Desk
- APAC stocks were mostly lower after the losses on Wall St where banking sector fears resurfaced as First Republic Bank shares fell by 50%.
- First Republic (FRC) is struggling to come up with a viable solution such as a sale of all or part of the bank, according to the FT.
- US equity futures found some reprieve overnight from big tech earnings; Alphabet +1.7% after-hours, Microsoft +8.5%.
- European equity futures are indicative of...
25 Apr 2023, 11:35 by Newsquawk Desk
- European bourses are under pressure continuing the APAC handover with drivers light ex-earnings.
- SMI outperforms following Nestle, Novartis and ABB while Banking names lag after UBS and Santander.
- Stateside, futures are lower; FRC -19.5% in pre-market as deposits miss expectation.
- DXY firmer but at the mid-point of the day's range with JPY outperforming while AUD lags once again
- Core debt is bid across the board with...
25 Apr 2023, 06:40 by Newsquawk Desk
- APAC stocks were mostly lower after the mixed performance in the US with the mood in the Asia-Pac region also contained amid the closures in Australia and New Zealand
- BoJ Governor Ueda said the BoJ sees it appropriate to maintain YCC and easy monetary policy
- European equity futures are indicative of a softer open with Euro Stoxx 50 future -0.3% after the cash market closed lower by 0.2% yesterday
- FX markets are overall contained, EUR/USD...
24 Apr 2023, 11:25 by Newsquawk Desk
- European bourses/US futures are posting marginal losses in a relatively slow start to a packed week.
- DXY has slipped towards 101.50 with CHF & EUR outperforming while AUD & JPY lag though overall action is limited.
- Gilts are flat and leading a modest retreat in EGBs with Bunds pressured by Ifo while USTs remain near APAC peak.
- Crude and base metals are softer, in-line with broader sentiment, while spot gold is essentially...
24 Apr 2023, 06:30 by Newsquawk Desk
- APAC stocks were mixed after the lack of macro drivers over the weekend and as participants brace for this week’s key events
- European equity futures are indicative of a contained open with Euro Stoxx 50 future -0.1% after the cash market closed higher by 0.5% on Friday
- DXY was uneventful on a 101 handle, EUR/USD eyes 1.10 to the upside, AUD the marginal laggard across the majors
- Russian Security Council Deputy Chairman Medvedev warned that...
21 Apr 2023, 11:30 by Newsquawk Desk
- European bourses are mixed/flat overall, as the complex reverted back to opening parameters after a hawkish move lower on the regions Flash PMIs; US futures in-fitting
- DXY firmer but back below 102.00, JPY outperforms while Antipodeans lag. GBP hit on retail sales and as EUR lifts on PMIs, though OpEx caps
- EGBs have lifted off troughs after initially dropping on hawkish PMIs
- Commodities choppy but have been tracking the above market action...
21 Apr 2023, 06:50 by Newsquawk Desk
- APAC stocks were mostly lower as the region tracked the losses on Wall St where risk sentiment was subdued after mixed earnings releases and disappointing US data.
- European equity futures are indicative of a contained open with Euro Stoxx 50 future +0.1% after the cash market closed lower by 0.2% yesterday.
- DXY was steady below the 102 mark, JPY leads the way for G10 FX, AUD lags, other majors are contained.
- Crude futures remained despondent...
20 Apr 2023, 11:25 by Newsquawk Desk
- European bourses & US futures are subdued as pressure intensified in European trade without fresh catalyst; TSLA -7.5% pre-market.
- The DXY is subdued and drifting further from 102.00 to the mixed but contained fortune of peers; NZD lags after CPI miss.
- Core fixed income pares initial recovery momentum approaching a packed US agenda.
- Commodities underpressure given the broader tone despite the softer USD, as crude drops further to fresh...
20 Apr 2023, 06:49 by Newsquawk Desk
- APAC stocks traded rangebound with the region indecisive following the flat handover from the US. Tesla lower by 6.1% after hours post-earnings.
- European equity futures are indicative of a contained open with Euro Stoxx 50 future flat after the cash market closed flat yesterday.
- DXY lingers just below the 102 mark, FX markets overall contained, NZD the laggard across the majors post-CPI.
- Crude futures continued to retreat after slipping...
19 Apr 2023, 11:30 by Newsquawk Desk
- European bourses are in the red as ASML highlights caution among customers & with the macro backdrop influenced by hawkish UK CPI.
- Stateside, futures are in the red with the NQ lagging as yields increase while banking names are deriving support from WAL's after-hours update.
- The session is characterised by broad USD strength, seemingly fuelled by yields and JPY underperformance.
- Though, the latter dynamic briefly lessened following a BoJ...