21 Dec 2022, 11:15 by Newsquawk Desk
- European bourses have eked out a marginal extension of their initial upside, Euro Stoxx 50 +0.9%, with both newsflow and the schedule ahead sparse.
- ES +0.6%; post-earnings NKE +12.5% & FDX +4.8%
- DXY has managed to attain an incremental foothold at 104.00, with peers ex-NZD generally contained in tight ranges.
- An early recovery bounce has seemingly run out of steam ahead of US 20yr supply, with Bunds and Gilts fading from respective...
21 Dec 2022, 06:50 by Newsquawk Desk
- APAC stocks eventually traded mixed following a mostly positive lead from Wall Street and with news flow on the quieter side
- DXY traded on a firmer footing and reclaimed a 104.00 handle from a 103.91 low, USD/JPY trimmed recent losses and NZD lagged among G10s
- 10yr UST and Bund futures were subdued overnight, whilst Japan's 2yr yield rose above 0% for the first time since 2015
- China will no longer take measures to isolate people from...
20 Dec 2022, 11:35 by Newsquawk Desk
- European bourses are under modest pressure, Euro Stoxx 50 -0.3%, as the complex lifts off post-BoJ lows in limited newsflow.
- JPY is the standout outperformer after the BoJ widened the 10yr yield band, sending USD/JPY to a test of 132.00 vs 137.00+ initial levels.
- DXY has been pushed below 104.00 to the modest benefit of G10 peers across the board; though, JPY-cross action is limiting this.
- Core debt has bounced from worst levels, though...
20 Dec 2022, 06:50 by Newsquawk Desk
- APAC stocks traded lower across the board with the broader risk profile hit by the BoJ's unexpected tweak to its Yield Curve Control
- BoJ tweaked YCC in which it widened the 10yr yield band to +/- 0.5% (prev. +/-0.25%) and unexpectedly announced it is to increase bond purchases to JPY 9tln/m (prev. JPY 7.3tln/m) in Q1; Kuroda presser due at 06:30GMT/01:30EST
- JPY soared on the BoJ decision to tweak its YCC, with USD/JPY slumping from levels around 137.00 to lows below...
19 Dec 2022, 11:40 by Newsquawk Desk
- European bourses have commenced the week on a firmer footing, Euro Stoxx 50 +0.7%, shaking off the softer APAC handover amid two-way COVID updates.
- Stateside, futures are similarly supported, ES +0.4%, in tandem with the European tone ahead of a sparse US docket
- USD has faded despite hawkish weekend Fed rhetoric, with the DXY nearer the lower-end of 104.12-83 parameters amid marked initial JPY strength
- Bunds are facing modest pressure,...
19 Dec 2022, 06:50 by Newsquawk Desk
- APAC stocks eventually traded lower across the board following the downbeat performance on Wall Street on Friday
- DXY was softer and briefly dipped under 104.50, USD/JPY gapped lower amid weekend source reports, and EUR underperformed
- Japan's government is set to revise a 10-year-old joint statement with the BoJ that commits the central bank to achieve its 2% inflation "at the earliest date possible", although this was downplayed by the Japanese Chief Cabinet...
16 Dec 2022, 11:25 by Newsquawk Desk
- European bourses remain on a downward trajectory as the post-ECB slump continues with US futures similarly afflicted
- DXY has whipsawed within a 104.20-73 range, well within yesterday's bands, though an overall underlying USD bid has emerged
- EGBs continue to slide. With Bunds lower by over 150 ticks and the associated 10yr yield above 2.2% post-ECB.
- Crude benchmarks have succumbed to the above price action but remain someway above the...
16 Dec 2022, 06:50 by Newsquawk Desk
- APAC stocks were pressured on spillover selling from global counterparts following the slew of central bank rate hikes.
- European equity futures are marginally higher with the Euro Stoxx 50 future up 0.2% after the cash market closed with losses of 3.5% yesterday.
- DXY is a touch softer but on a 104 handle, JPY leads G10 FX, EUR/USD sits on a 1.06 handle, Cable lingers around 1.22.
- ECB President Lagarde reportedly offered policymakers...
15 Dec 2022, 11:25 by Newsquawk Desk
- European bourses and US futures are under pressure, seemingly in a second wave of the post-FOMC price action.
- USD has continued to climb throughout the morning, DXY above 104.40 at best with peers dented across the board
- SNB & Norges Bank were essentially in-line with expectations, hiking by 50bp & 25bp respectively.
- Gilts continue to outperform and leading a relative 'revival' in the debt space, though USTs and Bunds are yet to make...
15 Dec 2022, 06:50 by Newsquawk Desk
- The Fed delivered a widely expected 50bps rate hike and provided hawkish revisions to the dot plots.
- US stocks ultimately finished lower with the S&P 500 back below 4K, APAC stocks were subdued overnight.
- European equity futures were mildly lower with the Euro Stoxx 50 future down 0.4% after the cash market closed with losses of 0.3% yesterday.
- DXY was firmer overnight but sub-104 after swinging between gains and losses in the...
14 Dec 2022, 11:35 by Newsquawk Desk
- European bourses are under pressure across the board, Euro Stoxx 50 -0.7%, as the CPI-induced upside wanes ahead of the FOMC & Powell thereafter
- USD has continued to slip with the index down to 103.66 at worst, nearing Tuesday's 103.57 trough to the benefit of most G10 peers.
- JPY outperforms with USD/JPY dropping below 135.00 to a 134.61 low in wake of BoJ sources
- Bunds under marked pressure given a sizeable 2023 issuance remit and...
14 Dec 2022, 06:50 by Newsquawk Desk
- APAC stocks took impetus from the gains across global peers following the softer-than-expected US CPI (SPX +0.73%, NDX +1.1%).
- European equity futures were steady with the Euro Stoxx 50 future up 0.1% after the cash market closed with gains of 1.7% yesterday.
- DXY remains lacklustre and lingers just above the 104 mark, EUR/USD and USD/JPY sit on 1.06 and 135 handles respectively.
- US Congressional negotiators said they reached a deal...
13 Dec 2022, 11:35 by Newsquawk Desk
- European bourses are firmer across the board Euro Stoxx 50 +0.8%, though action has been choppy with fresh drivers limited.
- US futures are similarly bid, though comparably more contained ahead of CPI and 30yr supply
- DXY is bid, but has been unable to convincingly breach the 105.00 mark despite a brief foray to 105.09, with peers generally contained vs USD.
- EGBs have been pressured throughout the morning, with Bunds initially lagging though...
13 Dec 2022, 06:50 by Newsquawk Desk
- APAC stocks were mostly kept afloat following the gains on Wall St where the major indices unwound recent losses (S&P 500 +1.4%).
- Hong Kong Chief Executive Lee announced an end to the COVID contact tracing app requirement and will eliminate the three-day arrival monitoring period.
- European equity futures were firmer with the Euro Stoxx 50 future up 0.4% after the cash market closed with losses of 0.5% yesterday.
- DXY sits just below the...
12 Dec 2022, 11:14 by Newsquawk Desk
- European bourses are under modest pressure, Euro Stoxx 50 -0.2%, as the cautious APAC tone continues but with magnitudes limited given the lack of newsflow.
- USD's initial extension faded with the index drifting within 105.23-104.72 parameters, peers mixed but generally rangebound.
- EGBs & Gilts have meandered to fresh intra-day peaks, though newsflow and drivers behind the upside are essentially non-existent.
- Crude benchmarks are under...
12 Dec 2022, 06:50 by Newsquawk Desk
- APAC stocks began the week with mild losses following the subdued performance last Friday on Wall Street.
- European equity futures were lower with the Euro Stoxx 50 future down 0.5% after the cash market closed with gains of 0.5% on Friday.
- USD is broadly firmer vs. peers, EUR/USD maintains 1.05 status and USD/JPY lingers around the 137 mark.
- Crude prices were slightly higher in some mild respite from the recent selling...
09 Dec 2022, 11:20 by Newsquawk Desk
- Equities in Europe trade with no firm direction in what has been a quiet morning session thus far in holiday-thinned volumes
- DXY managed to derive some support after losing 104.50 in early trade, with peers generally contained though JPY & CHF 'outperform'
- EGBs and USTs continue to diverge, but overall action has been limited given a lack of drivers and thin volumes.
- WTI Jan and Brent Feb remain firmer intraday but in the grander scheme...
09 Dec 2022, 06:50 by Newsquawk Desk
- APAC stocks traded mostly higher as the region took impetus from the gains on Wall Street; Hang Seng and Shanghai Comp were indecisive
- US equity futures held on to the prior day's gains but lacked any significant follow-through during Asia hours
- DXY continued to weaken after retreating beneath the 105.00 level yesterday, G10s were firmer against the USD, and USD/JPY fell below 136.00
- US Treasury Secretary Yellen said dollar movements largely...
08 Dec 2022, 11:16 by Newsquawk Desk
- European bourses and US futures reside in narrow ranges are essentially pivoting the unchanged mark
- DXY has managed to regroup amid an initial retreat in USTs; though, the index remains around the mid-point of a 105.04-105.42 range
- EGBs & their UK counterpart have, despite initial pressure, staged a firm rally to a test/eclipse of Wednesday's peaks; USTs remain lower
- Crude benchmarks are consolidating after yesterday's mid-week pressure,...
08 Dec 2022, 06:50 by Newsquawk Desk
- APAC stocks traded cautiously after the lacklustre handover from Wall St where the major indices were subdued; Hong Kong outperformed
- European and US equity futures lacked firm direction despite an earlier approach towards the prior day's lows
- DXY was marginally higher overnight, G10s were mostly lower, and the JPY lagged
- US Energy Envoy Hochstein said the US still needs to replenish the SPR for the...
07 Dec 2022, 11:15 by Newsquawk Desk
- European bourses are somewhat mixed after a predominantly soft cash open, Euro Stoxx 50 -0.5%; though, the breadth of the market remains narrow.
- Stateside, futures are in relative proximity to the unchanged mark and are yet to meaningfully deviate from overnight ranges, ES -0.2%
- USD is mixed vs G10 peers, though the DXY itself, while negative on the session, remains underpinned around 105.50.
- Crude benchmarks are softer intraday given the...
07 Dec 2022, 06:50 by Newsquawk Desk
- APAC stocks traded mostly lower following the tech-led rout seen on Wall Street which saw the NDX close with losses of 2%
- DXY was steady and held on to most of the prior day’s gain, USD/JPY was underpinned, Antipodeans attempted to nurse losses
- China will fine-tune COVID control measures and allow home quarantine, as well as ease testing, according to Xinhua; China will conduct a press conference at 15:00 local time (07:00GMT/02:00EST)
- NBC...
06 Dec 2022, 11:10 by Newsquawk Desk
- Choppy session thus far across equities as the region looks for direction, ES circa. 4k.
- Followed mixed APAC trade given the hawkish Wall St. handover eased on further China COVID control adjustments
- DXY briefly eclipsed Monday's best to a 105.50 peak before fading in relatively limited newsflow and as UST yields ease.
- Aussie is the modest outperformer following a 25bp RBA hike and guidance for further inflation-justified...
06 Dec 2022, 06:50 by Newsquawk Desk
- APAC stocks were somewhat mixed with early headwinds from Wall St where risk assets were pressured as bond yields and the Dollar gained
- DXY remained above the 105.00 level, USD/JPY extended on gains with a brief foray above 137.00, and Yuan pared back some recent gains
- RBA hiked its Cash Rate by 25bps and signalled further rate hikes ahead which prompted an adjustment in CBA's forecast for the terminal rate to 3.35% from 3.10%
- Beijing city...
05 Dec 2022, 11:15 by Newsquawk Desk
- European bourses are under modest pressure, Euro Stoxx 50 -0.2%, with US futures in-fitting
- Following fairly contained APAC action though Chinese stocks outperformed amid a further easing of COVID controls
- Crude benchmarks have been choppy, but are ultimately firmer post-OPEC+ and as the Russian oil cap comes into effect at USD 60/bbl.
- DXY bid with the Yuan and AUD outperforming while JPY is the standout laggard
- EGBs...