28 Oct 2022, 11:25 by Newsquawk Desk
- European bourses are pressured across the board, Euro Stoxx 50 -0.9%, deriving direction from downbeat APAC and US after-market trade.
- Stateside, the NQ -1.3% is the clear underperformer amid pressure from after-market earnings; AMZN -13%
- DXY extends recovery gains to probe 111.000 and this time thanks in large part to the Yen; EUR cushioned by inflation prints
- EGBs are under broad pressure as ECB speakers come out in full hawkish force...
28 Oct 2022, 06:50 by Newsquawk Desk
- APAC stocks traded mostly lower but off worst levels following a mixed lead from the US
- Amazon shares initially slumped around 20% following disappointing earnings, Apple earnings were ultimately better-received
- ECB rate hike was not unanimous, three officials wanted only a 50bp move, and the ECB did not mean to imply slower hiking with the "progress" remark, according to Bloomberg sources.
- BoJ maintained its policy settings and reiterated...
27 Oct 2022, 11:25 by Newsquawk Desk
- European bourses are under modest pressure, Euro Stoxx 50 -0.5%, with the region digesting earnings and largely just awaiting the ECB
- FTSE 100 is the relative outperformer post-Shell while US futures are mixed & META is hampered after earnings, -20% pre-market
- DXY tops 110.00 vs bottom near 109.500 with EUR and GBP both fading from initial peaks in turn
- Core debt has slipped from a brief mid-week recovery with yields elevated as such,...
27 Oct 2022, 06:45 by Newsquawk Desk
- APAC stocks traded mixed following a similar lead from Wall Street and amid a lack of fresh fundamental drivers overnight
- DXY edged high, USD/JPY tested 146 to the downside, and the Yuan pared back some recent gains
- UK PM Sunak is reconsidering tax rises as an improving economic picture means the PM is examining whether some of the sweeping measures can be watered down, according to The Telegraph
- European equity futures saw modest losses...
26 Oct 2022, 11:35 by Newsquawk Desk
- European bourses are mixed and yet to make much ground either side of the unchanged mark, amid numerous European updates and the US tech headwind.
- Stateside, the NQ -1.7% is weighed on by GOOGL and MSFT post-earnings and ahead of further large-cap updates including META after-hours.
- DXY is under pressure and back below the 110.00 mark as Cable reclaims 1.16 and EUR/USD finds a foothold above parity.
- Commodities are buoyed across the board...
26 Oct 2022, 06:50 by Newsquawk Desk
- APAC stocks traded higher across the board following the positive lead from Wall Street; China outperformed
- US equity futures were mixed overnight with the NQ underperforming after Microsoft and Alphabet both fell 6.7% after-market following earnings
- Major Chinese state-owned banks sold USD in both onshore and offshore markets in late trade on Tuesday to prop up the weakening yuan, according to Reuters sources
- UK PM Sunak is reportedly...
25 Oct 2022, 11:35 by Newsquawk Desk
- European bourses are on the backfoot despite a firmer open as participants digest numerous heavyweight earnings and the latest Ifo ahead of key US prints
- US futures in-fitting directionally ahead of numerous key releases, including Alphabet & Microsoft
- DXY remains in proximity to 112.00, though off best, as Cable reclaims 1.13 while EUR shrugs off the Ifo
- Yuan saw pronounced action amid the weakest fix since 2008 and the regulator...
25 Oct 2022, 06:50 by Newsquawk Desk
- APAC stocks eventually traded mostly higher following a firm lead from Wall Street; Chinese stocks experienced a choppy session
- DXY traded under 112.00, USD/JPY was relatively stable, CNH weakened on the PBoC fixing
- South Korean President Yoon said North Korea has completed preparations for a seventh nuclear test
- Sky News sources suggest Jeremy Hunt is to remain UK Chancellor, while Penny Mordaunt wants the Foreign Secretary...
24 Oct 2022, 11:35 by Newsquawk Desk
- Equities are firmer in Europe and back to flat for US futures, as mixed APAC trade and PMI pressure eases a touch
- USD has regrouped from Friday's dovish-downside though GBP outperforms while JPY has eased from best following pronounced APAC action
- Bonds back off after early EU buying frenzy; with Gilts leading the way as the prospect of Sunak becoming the UK PM increases significantly
- Commodities clipped, but off worst, as the USD regains...
24 Oct 2022, 06:50 by Newsquawk Desk
- APAC stocks traded mixed, Hong Kong underperformed and its tech stocks slumped
- Chinese President Xi secured a third term as CCP leader as expected; the delayed Chinese economic data was released
- In FX, DXY reclaimed a 112.00 handle, Japan is touted to have intervened in FX markets on Monday, GBP outperformed
- UK former PM Boris Johnson has pulled out of the Conservative Party leadership contest
- North Korea and South...
21 Oct 2022, 11:35 by Newsquawk Desk
- Equities began the session on the backfoot and have extended to the downside, with the NQ lagging stateside post-SNAP.
- SNAP -25% in the pre-market; TWTR -8%, with the US reportedly to review Musk's deal
- USD continues to climb with the index above 113.50 at best while USD/JPY tests 151.00 and Cable near 1.11
- Debt has extended on initial downbeat performance amid Germany approving the debt brakes suspension; UK 10yr back above...
21 Oct 2022, 06:50 by Newsquawk Desk
- APAC stocks traded cautiously with the region lacking firm direction following the weak lead from Wall Street (S&P -0.8%).
- European equity futures are indicative of a lower open with the Euro Stoxx 50 future -1.0% after the cash market closed with gains of 0.6% yesterday.
- DXY reclaimed 113, cable is back below 1.12, USD/JPY remains on a 150 handle, NZD lags.
- US government is reportedly mulling a security review regarding Elon Musk's deal...
20 Oct 2022, 11:30 by Newsquawk Desk
- European cash bourses trade mixed with the breadth of the market narrow, US futures softer though off lows and varied
- TSLA -5.0% in the pre-market post-earnings; in Europe, Ericsson and Nokia hit on margins
- Pound pressured alongside PM Truss and after BoE's Broadbent, USD/JPY through 150.00 while DXY slips from 113.00
- Debt remains depressed though notably off worst levels after dovish remarks from BoE's Broadbent, yields bid but have...
20 Oct 2022, 06:50 by Newsquawk Desk
- APAC stocks were pressured following the weak handover from Wall Street (S&P 500 -0.7%). Tesla was lower by 6.3% post-earnings after-hours.
- China is reportedly mulling cutting inbound quarantine to 7 days from 10 days, according to Bloomberg.
- European equity futures are indicative of a lower open with the Euro Stoxx 50 future -0.3% after the cash market closed with gains of 0.2% yesterday.
- DXY has pulled back below 113,...
19 Oct 2022, 11:20 by Newsquawk Desk
- Equities in Europe are mostly lower despite initial positive performance; US futures bid, but shy of best.
- European earnings include ASML & Nestle; NFLX +13% in pre-market following their after-hours update
- Franc flounders as Dollar rebounds alongside bear-steepening in US Treasuries, USD/CHF probes parity as DXY tops 112.500.
- Gilts dented post-CPI which topped 10%, though clawed back losses to mid-97.00; broader complex pressured,...
19 Oct 2022, 06:50 by Newsquawk Desk
- APAC stocks were mixed following the choppy performance stateside where major indices wobbled on news that Apple cut iPhone 14 Plus production.
- US futures were supported after Netflix beat on top and bottom lines and more than doubled expected quarterly net subscriber additions.
- European equity futures are indicative of a higher open with the Euro Stoxx 50 future +0.8% after the cash market closed with gains of 0.6% yesterday.
- DXY...
18 Oct 2022, 11:25 by Newsquawk Desk
- Equity bourses in Europe trade with gains across the board but are off best levels; US futures are faring better
- NZD leads after strong CPI while GBP lags as the BoE pushes back on QT delay reports, DXY firmer but off best
- Yen pares some losses from under 149.00 against the Dollar amidst some unsubstantiated talk of intervention
- Overall fixed complex is pressured, with Gilts lagging though Bunds are in close proximity and below 136.00 post...
18 Oct 2022, 06:49 by Newsquawk Desk
- APAC stocks were positive with the region inspired by gains in global counterparts (SPX +2.66%).
- European equity futures are indicative of a higher open with the Euro Stoxx 50 future +1.2% after the cash market closed with gains of 1.8% yesterday.
- BoE is reportedly expected to further delay quantitative tightening until gilt markets calm, according to FT.
- DXY is softer and on a 111 handle, GBP is supported post-QT delay expectations, NZD...
17 Oct 2022, 10:50 by Newsquawk Desk
- European bourses see a choppy session but have tilted towards the green after experiencing a mixed cash open.
- US equity futures see gains across the board following the steep losses on Friday - with the NQ and RTY narrowly outperforming.
- Gilts gap-up and lead the way ahead of a potential "mini-Budget" U-turn from new Chancellor Hunt, peers buoyed in turn.
- Pound perkier in turn with the DXY modestly pressured to the benefit of peers across...
17 Oct 2022, 06:50 by Newsquawk Desk
- APAC stocks were softer across the board after US stocks sold off on Friday, with losses broad-based
- DXY was indecisive around the 113.00 level, GBP/USD reclaimed the 1.1200 status with the currency underpinned following the fiscal U-turns in the UK and after BoE Governor Bailey
- BoE Governor Bailey said they will not hesitate to raise interest rates to meet the inflation target; UK Chancellor Hunt said ‘yes’ when asked if he can change the mini-Budget...
14 Oct 2022, 11:43 by Newsquawk Desk
- European bourses trade on a firmer footing in an extension of yesterday’s gains; US futures are more contained
- DXY hovers around 113.00; GBP sits as the laggard as it unwinds some of the prior day's gains, USD/JPY topped yesterday's high of 147.67
- Gilts are back above 97.00 amidst further reports that some economic plans may be reversed by the UK PM later today who to hold a press conference today at 14:00BST/09:00EDT
- North Korea fires...
14 Oct 2022, 06:41 by Newsquawk Desk
- APAC stocks took impetus from the aggressive rebound on Wall St (SPX +2.6%) where stocks made a remarkable comeback from the initial CPI-related selling.
- European equity futures are indicative of a higher open with the Euro Stoxx 50 future +1.8% after the cash market closed with gains of 0.9% yesterday.
- DXY remains on the backfoot, Cable sits on a 1.13 handle, EUR/USD lingers around 0.98 and antipodeans outperform.
- UK PM Truss could...
13 Oct 2022, 11:24 by Newsquawk Desk
- European bourses saw a choppy start to the session but have since been trending higher, with US futures are moving in tandem
- DXY declined under 113.00 as GBP strengthened; EUR and Antipodeans gain whilst USD/CNH tested 7.2000 to the upside
- US Treasuries are observing some caution whilst EU bonds trim yesterday's losses and Gilts outperform
- Fed's Bowman (voter) said sizeable rate hikes should remain on the table if they do not see signs that...
13 Oct 2022, 06:43 by Newsquawk Desk
- APAC stocks traded cautiously following the soft handover from Wall Street post-PPI and FOMC minutes.
- FOMC minutes noted that officials judged they needed to move to and maintain a more restrictive policy stance, although several participants noted that risks could become more two-sided.
- European equity futures are indicative of a lower open with the Euro Stoxx 50 future -0.5% after the cash market closed with losses of 0.3% yesterday.
- DXY...
12 Oct 2022, 11:32 by Newsquawk Desk
- European bourses saw a choppy start to the session, but have since titled to the upside; US equity futures trade on a firmer footing with the ES back above 3600
- GBP was volatile but currently stands as the outperformer, DXY is softer but off worst levels, USD/JPY to a fresh 2022 and multi-year best
- BoE said the bank has made it clear from the outset that its temporary and targeted purchases of gilts will end on October 14th
- Polish pipeline...