23 Jan 2023, 06:50 by Newsquawk Desk
- APAC stocks began the week with a positive bias but with gains capped amid mass closures across the region.
- European equity futures are indicative of a higher open with the Euro Stoxx 50 +0.4% after the cash market closed up 1.6% Friday.
- DXY has retreated further beneath the 102 mark, EUR/USD is at a 9-month high, JPY lags G10 FX.
- ECB’s Knot said to expect the ECB to hike by 50bps in February and March, followed by more steps in May and...
20 Jan 2023, 11:35 by Newsquawk Desk
- European bourses are firmer, Euro Stoxx 50 +0.5%, but are currently still set to end the week with modest losses
- Stateside, futures are mixed/flat, ES +0.1% holding around 20 points above the 3900 mark, with the 100- & 21- DMAs at 3900 and 3904 respectively.
- DXY has struggled to make any meaningful headway thus far, though it has derived support from a marked pullback in the JPY while antipodeans lead.
- EGBs continue to slip as ECB's...
20 Jan 2023, 06:50 by Newsquawk Desk
- APAC stocks traded higher following the weak performance by global peers (S&P 500 -0.76%)
- European equity futures are indicative of a higher open with the Euro Stoxx 50 +0.5% after the cash market closed down 1.9% yesterday
- US equity futures are marginally firmer (ES +0.3%), albeit the ES is still firmly below the 4k mark
- DXY tested 102 to the downside, JPY lags the majors with USD/JPY back above 129, antipodeans...
19 Jan 2023, 11:30 by Newsquawk Desk
- European bourses are pressured across the board, Euro Stoxx 50 -1.2%, as ECB officials continue to pushback on dovish reports.
- US futures are lower across the board, as the ES continues to move below 4k ahead of more earnings and key Fed speak, ES -0.5%.
- DXY was seemingly capped on approach to 102.50 amid a general downturn in risk with the USD facing pressure from the Euro and Yen while antipodeans lag.
- ECB's Knot says planning to hike by...
19 Jan 2023, 06:50 by Newsquawk Desk
- APAC stocks were mixed with most major indices rangebound following the negative lead from Wall St (S&P 500 -1.56%).
- European equity futures are indicative of a weaker open with the Euro Stoxx 50 -0.6% after the cash market closed flat yesterday.
- DXY is contained on a 102 handle, EUR/USD and USD/JPY are back below 1.08 and 128 respectively, antipodeans lag.
- Crude futures weakened after the bearish private sector inventory data, fixed...
18 Jan 2023, 11:35 by Newsquawk Desk
- The BoJ defied some market bets and stuck with its ultra-easy policy settings and reaffirmed its dovish guidance.
- European bourses are contained overall, Euro Stoxx 50 +0.1%, as the dovish BoJ fails to provide impetus with US futures similarly steady
- USD/JPY jumps to 131.57 from the low 128.00 area at one stage, DXY rebounds accordingly to 102.900 before experiencing a sharp reversal
- Core fixed benchmarks have picked off the European...
18 Jan 2023, 06:50 by Newsquawk Desk
- The BoJ defied some market bets and stuck with its ultra-easy policy settings and reaffirmed its dovish guidance.
- APAC stocks were positive albeit with price action mostly kept rangebound after the weak lead from Wall Street.
- European equity futures are indicative of a higher open with the Euro Stoxx 50 +0.3% after the cash market closed up 0.4% yesterday.
- JPY is the standout laggard in G10 FX with USD/JPY venturing as high as 131.57...
17 Jan 2023, 11:30 by Newsquawk Desk
- European equities trade marginally lower following a mixed APAC lead, US futures in-fitting
- A choppy session thus far for the USD, to the mixed fortune of peers with the CNH softer despite Chinese data
- Core fixed benchmarks are downbeat after UK and German data, with USTs in tandem directionally but with magnitudes more contained ahead of Fed's Williams
- WTI and Brent diverge given the lack of settlement while both precious and base metals...
17 Jan 2023, 06:50 by Newsquawk Desk
- APAC stocks traded mixed in which most bourses lacked firm direction in the absence of a lead from the US.
- Chinese GDP, Industrial Production and Retail Sales figures all topped estimates.
- European equity futures are indicative of a softer open with the Euro Stoxx 50 -0.2% after the cash market closed up 0.2% yesterday.
- DXY is steady on a 102 handle, EUR/USD maintains 1.08 status, JPY narrowly lags G10 FX whilst antipodeans...
16 Jan 2023, 06:50 by Newsquawk Desk
- APAC stocks traded mostly higher albeit with some of the gains in the region capped amid mixed COVID-related headlines.
- China flagged nearly 60k COVID deaths since easing restrictions in December and noted severe hospitalisations remained high but had already peaked.
- European equity futures are indicative of a higher open with the Euro Stoxx 50 +0.5% after the cash market closed up 0.6% on Friday.
- DXY sits just below the 102 mark, EUR/USD...
13 Jan 2023, 11:35 by Newsquawk Desk
- European bourses are firmer across the board, Euro Stoxx 50 +0.5%, though overall action remains contained/rangebound ahead of corporate updates/Fed speak.
- US futures are similarly rangy within tighter parameters with the main futures essentially unchanged at present.
- UNH beat on top and bottom lines, TSLA reportedly to cut prices on new US models
- JPY continues to climb and weighs on the USD, though the index has derived some support from...
13 Jan 2023, 06:50 by Newsquawk Desk
- APAC stocks were mostly firmer following the positive handover from Wall St. post-CPI.
- European equity futures are indicative of a relatively flat open with the Euro Stoxx 50 -0.1% after the cash market closed up 0.7% yesterday.
- DXY is on a 102 handle, EUR/USD holds on to most of its recent spoils, USD/JPY briefly slipped below 129.
- 10yr UST futures slightly eased off yesterday’s best levels but with the pullback only...
12 Jan 2023, 11:15 by Newsquawk Desk
- European bourses are firmer across the board, Euro Stoxx 50 +0.5%, though price action has been fairly contained in slim pre-CPI newsflow with US futures essentially unchanged.
- Yomiuri Yen revival keeps Greenback grounded awaiting US CPI data; reports the BoJ is to review the effects of its massive monetary easing at next week's gathering.
- Bonds wane after an early bull run to and through new big figure levels for Bunds and Gilts at 138.45 and 104.14 respectively,...
12 Jan 2023, 06:50 by Newsquawk Desk
- APAC stocks traded mixed as the major indices failed to fully sustain the early momentum from Wall St.
- European equity futures are indicative of a higher open with the Euro Stoxx 50 +0.4% after the cash market closed up 1.0% yesterday.
- DXY remains supported around the 103 mark, JPY leads the majors following reporting around the BoJ, EUR/USD is steady on a 1.07 handle.
- BoJ is to review the side effects of its massive monetary easing at its...
11 Jan 2023, 11:30 by Newsquawk Desk
- European bourses are firmer across the board, Euro Stoxx 50 +0.8%, with an easing in yields seemingly spurring a modest extension of opening gains.
- US FAA has reported a system equipment outage, all flights nationwide have been grounded, according to a source familiar via NBC
- DXY has consolidated above 103.00 to the modest detriment of peers, ex-antipodeans and Euro.
- The initial rally in fixed income has run out of steam and pulled back from...
11 Jan 2023, 06:50 by Newsquawk Desk
- APAC stocks tracked the advances on Wall Street whereby US stocks saw a slight unwinding of hawkish positioning post-Powell.
- European equity futures are indicative of a higher open with the Euro Stoxx 50 +0.6% after the cash market closed down 0.3% yesterday.
- DXY remains on a 103 handle, AUD gained post-CPI, EUR/USD, Cable and USD/JPY sit on 1.07, 1.21 and 132 handles respectively.
- Crude futures were pressured following a large surprise...
10 Jan 2023, 11:30 by Newsquawk Desk
- European bourses are under pressure, Euro Stoxx 50 -0.5%, in a continuation of the tepid APAC tone amid minimal newsflow.
- Goldman Sachs lifts its 2023 EZ GDP forecast to 0.6% (prev. -0.1%), no longer expects a euro-area recession.
- US futures are similarly contained and are diverging slightly around the unchanged mark pre-Powell; newsquawk primer available.
- Dollar is trying to regroup ahead of Fed Chair Powell, but DXY is heavy on the 103.000...
10 Jan 2023, 06:50 by Newsquawk Desk
- APAC stocks traded mostly lower as the risk appetite in the region stalled following a similar handover from Wall St.
- European equity futures are indicative of a weaker open with the Euro Stoxx 50 -0.8% after the cash market closed up 1.3% yesterday.
- DXY is back on a 103 handle after a brief slip below the level, EUR/USD is contained on a 1.07 handle, Cable met resistance at 1.22.
- Crude futures were marginally lower after a pullback from...
09 Jan 2023, 11:40 by Newsquawk Desk
- European bourses are firmer across the board, Euro Stoxx 50 +0.3%, as the constructive APAC tone from China's reopening leads
- US futures are in the green, ES +0.4%, in-fitting with the above sentiment ahead of Fed speak and a NY Fed Consumer Expectations survey
- DXY continues to slip below the 104.00 mark between 103.860-420 parameters towards key technical support and its December low (103.380)
- Action which is benefitting peers across the...
09 Jan 2023, 06:50 by Newsquawk Desk
- APAC stocks gained with the MSCI Asia Pacific index on course to enter a bull market as the region took impetus from last Friday’s rally on Wall St.
- European equity futures are indicative of a firmer open with the Euro Stoxx 50 +0.8% after the cash market closed up 1.5% on Friday.
- DXY remains on a 103 handle, EUR/USD extended advances above 1.06 and USD/JPY retreated below 132. Antipodeans lead the majors.
- Crude futures were underpinned...
06 Jan 2023, 11:35 by Newsquawk Desk
- European bourses are little changed overall but do feature a slim positive skew, Euro Stoxx 50 +0.1%, pre-NFP; US futures similarly contained
- DXY maintains its recovery momentum ahead of the US agenda with the index up to a 105.52 peak at best, with JPY taking the brunt of this.
- EGBs experienced modest but ultimately fleeting downside in wake of hot core/super-core EZ inflation, though the benchmarks are little changed overall pre-NFP
- Crude...
06 Jan 2023, 06:50 by Newsquawk Desk
- APAC stocks traded with cautious gains despite a negative lead from Wall Street, and ahead of the US labour market data
- DXY traded within a tight pre-NFP range just above the 105.00 level after notching a 103.98-105.27 parameter yesterday
- China could ease "three red lines" property rules in a major shift, according to Bloomberg sources
- US House voted to adjourn until noon Friday after failing to elect a House Speaker; a source close to...
05 Jan 2023, 11:40 by Newsquawk Desk
- European bourses are mixed but with a slight negative bias, Euro Stoxx 50 -0.2%, following a similar APAC handover ahead of US data with US futures little changed.
- Dollar mixed awaiting busy pm agenda on the eve of NFP and after choppy moves post-FOMC minutes with peers mixed vs USD.
- Currently, Bund, USTs and Gilts are within touching distance of the unchanged mark, with yields diverging slightly between EGBs and USTs.
- Little reaction to the...
05 Jan 2023, 06:50 by Newsquawk Desk
- APAC stocks traded positively throughout most of the session but bourses later drifted off best levels; the US closed in the green after some FOMC-related volatility
- FOMC December minutes highlighted how no Fed official sees a rate cut in 2023 albeit there was no discussion about the magnitude of the hike in February
- DXY was choppy and briefly dipped under 104.00 to a session low of 103.98 before reversing to print an overnight peak; JPY outperformed among G10s and...
04 Jan 2023, 11:35 by Newsquawk Desk
- European bourses have extended on Tuesday's upside, Euro Stoxx 50 +1.6%, with soft inflation data out of France adding to the week's dovish impulses.
- Stateside, futures are supported though to a lesser extent than European peers, ES +0.4%, as the region awaits key data points and the ES remains sub-3900.
- DXY has retreated with AUD outperforming while EUR remains supported on PMIs and the USD despite dovish inflation data.
- Bonds boosted once...