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...
14 Jun 2022, 11:55 by Newsquawk Desk
- European bourses began on the front-foot; however, the ‘turnaround’ was shortlived with bourses now red across the board, Euro Stoxx 50 -0.8%.
- Stateside, futures remain modestly positive, ES +0.4%, awaiting clarity from the Fed amid increasing speculation of a 75bp move
- DXY continues to slip with peers mixed with low-yielding nations benefitting though activity currencies slip once more
- Core debt has consolidated somewhat from Monday’s rout,...
14 Jun 2022, 11:55 by Newsquawk Desk
- European bourses began on the front-foot; however, the ‘turnaround’ was shortlived with bourses now red across the board, Euro Stoxx 50 -0.8%.
- Stateside, futures remain modestly positive, ES +0.4%, awaiting clarity from the Fed amid increasing speculation of a 75bp move
- DXY continues to slip with peers mixed with low-yielding nations benefitting though activity currencies slip once more
- Core debt has consolidated somewhat from Monday’s rout,...
14 Jun 2022, 06:50 by Newsquawk Desk
- APAC stocks were pressured following the global stock and bond slump; S&P 500 -3.9%, NQ -4.6%
- A WSJ piece noted the Fed is likely "to consider surprising markets with a larger-than-expected 0.75-percentage-point interest rate increase at their meeting this week".
- European equity futures are indicative of a higher open with Eurostoxx 50 +0.9% after the cash market closed with losses of 2.7% yesterday.
- DXY pulled back overnight, EUR/USD...
13 Jun 2022, 11:45 by Newsquawk Desk
- European bourses are hampered across the board, Euro Stoxx 50 -2.5%, in a continuation of the fallout from Friday's US CPI and amid fresh COVID concerns in China.
- US futures are in-fitting with this price action, ES -2.4% (sub-3800 at worst), ahead of the FOMC where the likes of Barclays now look for a 75bp hike after the May inflation release.
- DXY continues to climb and has peaked at 104.75 thus far, ahead of the 105.01 YTD best; peers are pressured as such though...
13 Jun 2022, 06:50 by Newsquawk Desk
- APAC stocks declined across the board following the hot US CPI and amid fresh COVID concerns in China.
- European equity futures are indicative of a lower open with Eurostoxx 50 -1.5% after the cash market closed with losses of 3.4% on Friday.
- DXY held on to recent gains, EUR/USD is back below 1.05 and USD/JPY breached 135 for the first time since February 2002.
- UK government will publish legislation on the Northern Ireland Protocol...
10 Jun 2022, 11:30 by Newsquawk Desk
- European bourses are pressured in a continuation of the APAC handover, Euro Stoxx 50 -1.6%
- US futures are mixed/flat for the most part, ES -0.2%, ahead of the US CPI release
- DXY is bid but off 103.49 best levels while antipodeans/JPY outperform as GBP and CAD lag
- BTP-Bund yield spread continues to gradually widen, though Bund upside is offsetting this somewhat
- USTs pivot the unchanged mark pre-CPI, yield curve...
10 Jun 2022, 06:50 by Newsquawk Desk
- APAC stocks were mostly negative after the glum mood rolled over from global counterparts (S&P 500 -2.4%)
- European equity futures are indicative of a lower open with Eurostoxx 50 -0.9% after the cash market closed with losses of 1.7% yesterday
- DXY is softer but maintains 103 status, EUR/USD remains on a 1.06 handle, JPY leads G10 FX
- Crude futures declined amid COVID woes and with pressure seen as Chinese commodities came...
09 Jun 2022, 11:45 by Newsquawk Desk
- Equities are, overall, struggling for clear direction in relatively cautious trade going into ECB; Euro Stoxx 50 -0.5%
- Bourses, and US futures, were lifted amid further constructive China tech developments, this time for Ant; albeit, we have drifted modestly off best since, ES +0.3%
- DXY remains in proximity to 152.00 and within yesterday’s parameters amid JPY and Yuan upside while EUR lies between sizeable OpEx
- Core debt is choppy but Bunds...