04 Jul 2022, 06:50 by Newsquawk Desk
- APAC stocks traded mixed as early momentum in the region was partially offset by Chinese default and COVID concerns
- US equity futures pulled back after Friday's gains with demand sapped amid the long weekend in the US
- DXY traded rangebound amid the mixed risk appetite, EUR/USD and GBP/USD lacked direction, and USD/JPY remained subdued
- The Biden administration is said to be split on whether to remove Chinese tariffs, according to FT...
01 Jul 2022, 11:56 by Newsquawk Desk
- European bourses are now mostly in the green to varying degrees after nursing opening losses
- US equity futures remain in negative territory but off worst levels as the contracts coat-tail on some of Europe's upside
- In FX, Dollar regroups after a late month-end fade amidst broad gain, JPY outperforms whilst high-beta G10s lag
- Debt futures rack up more safe-haven gains before a recovery in risk sentiment and sharp...
01 Jul 2022, 06:46 by Newsquawk Desk
- APAC stocks began the new trading month mostly in the red following a downbeat session on Wall St. which saw the S&P 500 close off its worst H1 performance since 1970
- Chinese Caixin Manufacturing PMI data rose to its highest level since May 2021
- European equity futures are indicative of a negative open with Eurostoxx 50 -0.9% after the cash market closed lower by 1.7% yesterday
- DXY remains sub-105, JPY leads G10 FX whilst antipodeans...
30 Jun 2022, 12:03 by Newsquawk Desk
- Risk-off experienced across most markets on the final day of the month, quarter, and half-year
- European bourses are lower across the board; US equity futures succumb to the downside with NQ underperforming
- In FX, DXY extends above 105.000, Yen regroups as yields drop, EUR/USD inches lower towards 1.04
- Debt in demand on safe haven grounds rather than duration as curves steepen on less hawkish/more dovish market...
30 Jun 2022, 06:49 by Newsquawk Desk
- APAC stocks were varied at month-end amid a slew of data releases including mixed Chinese PMIs.
- European equity futures are indicative of a negative open with Eurostoxx 50 -0.5% after the cash market closed lower by 1.0% yesterday.
- DXY lingers around the 105 mark, EUR/USD dipped as low as 1.0434 overnight, AUD leads G10 FX.
- Crude futures nursed some of the prior day's losses but with the rebound capped by the mixed risk...
29 Jun 2022, 06:46 by Newsquawk Desk
- APAC stocks were pressured amid headwinds from the US where disappointing Consumer Confidence data added to growth concerns (S&P 500 -2%)
- European equity futures are indicative of a softer open with Eurostoxx 50 -0.6% after the cash market closed higher by 0.3% yesterday
- DXY hovers around the 104.50 mark, EUR/USD maintains 1.05 status and USD/JPY sits on a 136 handle
- Turkey dropped its opposition to Sweden and Finland’s NATO...
28 Jun 2022, 11:53 by Newsquawk Desk
- European bourses are firmer as sentiment picked up heading into the cash open amid encouraging Chinese COVID headlines
- China is to cut quarantine time for international travellers; Shanghai Disneyland (DIS) will reopen on June 30th
- US equity futures saw a leg higher in tandem with global counterparts, with the RTY narrowly outperforming
- Bond reversal continues amidst buoyant risk sentiment, hawkish ECB commentary and...
28 Jun 2022, 06:50 by Newsquawk Desk
- APAC stocks were mixed with the region partially shrugging off the lacklustre handover from the US (S&P 500 -0.3%)
- European equity futures are indicative of a softer open with Eurostoxx 50 -0.4% after the cash market closed higher by 0.2% yesterday
- DXY continues to hover around the 104 mark with G10 FX muted ahead of the European session
- French President Macron informed US President Biden of limited extra oil production capacity for...
27 Jun 2022, 11:51 by Newsquawk Desk
- European bourses are kicking off the week on the front-foot as global equities see tailwinds from Wall Street’s bounce on Friday
- Stateside, US equity futures track sentiment higher – with the NQ the current outperformer vs the ES, YM, and RTY
- In FX, DXY pivots 104.00, Yen benefits from all round fix buying, Aussie lags on Aud/Nzd headwinds, and the Yuan is underpinned
- Debt futures unwind more recovery gains with EGBs leading the way; T-note...
27 Jun 2022, 06:50 by Newsquawk Desk
- APAC stocks were higher across the board as the region took impetus from last Friday's firm gains on Wall St heading closer into month-end
- European equity futures are indicative of a firmer open with Eurostoxx 50 +0.5% after the cash market closed higher by 2.8% on Friday
- US is pushing to discuss a price cap on Russian oil during the G7 summit, also looking to ban imports of Russian gold
- DXY heads into the European session sub-104, JPY leads...
24 Jun 2022, 11:50 by Newsquawk Desk
- European bourses have coat-tailed on the positivity seen on Wall Street yesterday; sectors overall project a modest defensive bias
- US equity futures are firmer across the board – with the NQ narrowly leading the pack, whilst the ES topped resistance at 3,800
- DXY resides towards the bottom of a relatively contained intraday range, still above 104.00; NZD outperforms
- Debt recoils after stretching recovery limits further, with trading volumes...
24 Jun 2022, 06:46 by Newsquawk Desk
- APAC stocks ultimately followed suit to the gains on Wall St where major indices clawed back opening losses; S&P 500 +1.0%.
- European equity futures are indicative of a firmer open with Eurostoxx 50 +1.1% after the cash market closed lower by 0.8% yesterday.
- DXY is a touch softer but still on a 104 handle, antipodeans lead G10 FX and GBP shrugs off a tough night for the Tories.
- UK PM Johnson's Conservatives lost the two by-elections,...
23 Jun 2022, 11:45 by Newsquawk Desk
- European bourses are pressured overall, but well off lows going into the US session, Euro Stoxx 50 -0.2%
- Broad pressure was seen post-PMIs which missed expectations and featured pessimistic internal commentary; hitting EUR and lifting EGBs
- EUR impaired by the PMIs which lifted the DXY to a 104.78 peak and pressured peers in turn, though JPY outperforms on risk
- Fixed firmer on the data with Bunds and OATs leading the way and peers lifted in...
23 Jun 2022, 06:50 by Newsquawk Desk
- APAC stocks were mostly positive following the choppy price action on Wall St with lower oil prices and recession fears in focus; S&P 500 -0.17%.
- European equity futures are indicative of a softer open with Eurostoxx 50 -0.5% after the cash market closed lower by 0.8% yesterday.
- DXY is a touch softer but maintains 104 status, EUR/USD encountered resistance around 1.06, JPY leads G10 FX.
- Looking ahead, highlights...
22 Jun 2022, 11:45 by Newsquawk Desk
- European bourses are subdued, Euro Stoxx 50 -1.9%, as Tuesday's positivity waned in the APAC session as commodities slipped
- Stateside, futures are in-fitting with the above action, ES -1.4%, where participants are awaiting the first session of testimony from Chair Powell
- DXY bid but mid-range pre-Powell with peers conforming to the tone as JPY & CHF benefit while activity currencies slip
- Commodities are, broadly speaking, curtailed...
22 Jun 2022, 06:50 by Newsquawk Desk
- APAC stocks were subdued after the risk-on mood from Wall Street (S&P 500 +2.45%) waned overnight amid pressure in commodities.
- European equity futures are indicative of a lower open with Eurostoxx 50 -1.3% after the cash market closed higher by 0.7% yesterday.
- DXY is firmer but still on a 104 handle, EUR/USD has lost 1.05 status, antipodeans lag.
- Crude benchmarks took another leg lower as risk appetite in Asia...
21 Jun 2022, 11:45 by Newsquawk Desk
- European bourses are firmer and building on Monday's upside, Euro Stoxx 50 +1.1%; US futures are modestly outperforming, ES +1.7%, post-market holiday
- DXY is downbeat and sub-104.00 at worst; benefitting G10 peers ex-JPY given the region sticking to its monetary policy stance
- Core debt is within ranges and little changed overall though USTs are incrementally softer and the curve flitting between flattening/steepening
- Crude lifts amid broader...
21 Jun 2022, 06:50 by Newsquawk Desk
- APAC stocks gained across the board amid a broadly constructive global risk tone (US markets closed yesterday)
- European equity futures are indicative of a higher open with Eurostoxx 50 +0.6% after the cash market closed higher by 0.9% yesterday
- DXY trades a touch softer, EUR/USD sits on a 1.05 handle, AUD leads G10 FX
- Crude futures continued to nurse some of Friday's heavy losses, helped by the risk tone and a softer...
20 Jun 2022, 06:50 by Newsquawk Desk
- APAC stocks were mostly negative with risk appetite cautious and global markets also likely to be hampered by the absence of US participants today.
- European equity futures are indicative of a softer open with Eurostoxx 50 -0.3% after the cash market closed higher by 0.3% yesterday.
- DXY is softer and on a 104 handle, AUD leads G10 FX, EUR/USD is back on a 1.05 handle.
- French President Macron failed to win an absolute majority in...
17 Jun 2022, 11:45 by Newsquawk Desk
- European bourses are now firmer across the board, Euro Stoxx 50 +1.2%, as performance picks up following a mixed open amid comparably quiet newsflow
- US futures are in-fitting though the overall complex is cognisant of Quad Witching & Chair Powell
- DXY bid as the JPY tumbles amid the BoJ bucking the trend and remaining ultra-accommodative; activity-FX also hampered
- Core debt has seen a concerted bounce from earlier lows, though action has...
17 Jun 2022, 06:50 by Newsquawk Desk
- APAC stocks mostly suffered firm losses amid the global risk-aversion which saw the S&P 500 close lower by 3.1%.
- BoJ kept policy settings unchanged as expected and will keep offering to buy 10yr JGBs at 0.25%.
- DXY has reclaimed 104 status, JPY is the clear laggard in G10 FX, EUR/USD sits on a 1.05 handle.
- European equity futures are indicative of a positive open with Eurostoxx 50 +0.8% after the cash market closed lower by...
16 Jun 2022, 11:45 by Newsquawk Desk
- European bourses and US futures are hampered following a surprise SNB hike, with pronounced price action seen across assets
- SNB hikes by 50bp to -0.25% and cannot rule out further increases ahead; sparking noted CHF appreciation
- DXY is well off best levels, but has recouped 105.00 as activity currencies come under pressure while CHF & JPY outperform
- Bonds collapse as SNB unexpectedly strikes against inflation; with USTs back to...
16 Jun 2022, 06:50 by Newsquawk Desk
- APAC stocks were mostly positive and followed suit to the gains on Wall Street post-FOMC; SPX +1.46%
- The Fed hiked rates by 75bps and lifted its FFR projections, Fed Chair Powell said he does not expect 75bps moves to be common
- European equity futures are indicative of a positive open with Eurostoxx 50 +0.3% after the cash market closed higher by 1.6% yesterday
- DXY has rebounded from the post-FOMC declines, JPY lags G10 FX, GBP eyes the...
15 Jun 2022, 11:50 by Newsquawk Desk
- US futures are firmer across the board, ES +0.3%, though overall action here is more contained than in Europe given the FOMC looms
- European bourses are supported amid an ad-hoc ECB meeting on current market conditions, an update which bolstered the EUR and narrowed the BTP-Bund spread
- However, the spread re-widened amid sources which did not appear to indicate a marked policy shift from the gathering
- Broader FX features a downtrodden DXY to...
15 Jun 2022, 06:50 by Newsquawk Desk
- APAC stocks traded mixed following a mostly negative US lead and better-than-expected Chinese activity data.
- European equity futures are indicative of a mildly positive open with Eurostoxx 50 +0.3% after the cash market closed with losses of 0.8% yesterday.
- DXY is relatively flat ahead of the European open, JPY leads G10 FX, Cable is back below 1.20.
- ECB's Schnabel said the ECB will not tolerate changes in financing conditions that threaten...