01 Dec 2021, 11:52 by Newsquawk Desk
- European bourses are firmer across the board with a clear cyclical bias; US futures are in the green with RTY outperforming
- US Conservatives on both sides of the Capitol are reportedly plotting to force a government shutdown Friday
- Chinese Caixin Manufacturing PMI fell short of estimates and slipped back into contraction territory
- The DXY traded on either side of 96.000 whilst TRY whipsawed on CBRT intervention and Erdogan...
01 Dec 2021, 06:55 by Newsquawk Desk
- Asian equity markets traded mostly positive as regional bourses atoned for the prior day’s losses
- US equities closed lower (S&P 500 -1.9%) amid ongoing COVID concerns and comments from Fed Chair Powell
- Chinese Caixin Manufacturing PMI fell short of estimates and slipped back into contraction territory
- The DXY is back below 96.00 with activity currencies leading gains against the greenback
- Looking ahead,...
30 Nov 2021, 12:02 by Newsquawk Desk
- Initial momentum for APAC equities was faded; European stocks remain under pressure
- This sentiment has seeped into US equity futures; RTY lags, NQ is cushioned by softer yields
- Moderna chief predicts that existing vaccines will be much less effective against the Omicron variant
- WSJ reported Regeneron's and Eli Lilly's COVID antiviral cocktails had lost efficacy vs the Omicron variant
- Oxford University said there is...
30 Nov 2021, 06:55 by Newsquawk Desk
- Initial momentum for APAC equities was faded amid downbeat comments from the Moderna CEO
- Moderna chief predicts that existing vaccines will be much less effective against the Omicron variant
- Chinese Manufacturing PMI (Nov) 50.1 vs. Exp. 49.6 (Prev. 49.2)
- Fed Chair Powell stated that the Omicron variant pose downside risks to employment and increased uncertainty for inflation
- The DXY heads into the European session...
29 Nov 2021, 12:00 by Newsquawk Desk
- Bourses in Europe are experiencing a mild broad-based rebound; US equity futures also see gains across the board
- South African Medical Association Chairwoman Coetzee said the new Omicron variant has resulted in mild symptoms so far
- DXY resides in a tight range, activity currencies are faring well; Friday's outperformers lag
- OPEC is to delay this week's JTC and JMMC meetings by two days. OPEC and OPEC+ meeting dates...
29 Nov 2021, 06:55 by Newsquawk Desk
- Asia-Pac stocks traded cautiously and US equity futures rebounded from Friday’s hefty selling
- South African Medical Association Chairwoman Coetzee said the new Omicron variant has resulted in mild symptoms so far
- NIH Director Collins is optimistic that current vaccines are likely to protect against the Omicron
- The DXY has attempted to claw back some of Friday's losses. Activity currencies are faring well
- OPEC is to...
26 Nov 2021, 11:30 by Newsquawk Desk
- European equities are trading markedly lower (Stoxx 600 -2.9%) with losses in the Stoxx 600 extending to 3.8% WTD; ES -1.9%, RTY -4.2%
- The new variant is said to be the most evolved strain so far, prompting fears that it could be worse than Delta
- USTs and Bunds are notably firmer and safe-havens (JPY, CHF) lead the way in the G10 FX space
- WTI crude futures declined 6% to breach the USD 73.00/bbl level to the...
26 Nov 2021, 06:55 by Newsquawk Desk
- Asian equities and US futures are on the backfoot with markets spooked by new COVID variant concerns
- The new variant is said to be the most evolved strain so far, prompting fears that it could be worse than Delta
- USTs and Bunds are notably firmer and safe-havens (JPY, CHF) lead the way in the G10 FX space
- WTI crude futures declined nearly 3% to breach the USD 76.00/bbl level to the downside
- Looking ahead, highlights...
25 Nov 2021, 06:54 by Newsquawk Desk
- Asian equities traded mixed following the mostly constructive lead from the US which saw the NQ outperform
- FOMC minutes showed that some policymakers wished for a faster pace of purchases
- In FX, the DXY has marginally retreated after approaching 97.00, EUR/USD briefly lost 1.12 status
- Looking ahead, highlights include German GDP, Riksbank Rate Decision, ECB Minutes, ECB's Elderson, Schnabel, Lagarde, supply from Italy. US market closures for...
24 Nov 2021, 11:43 by Newsquawk Desk
- European bourses are subdued after initial firmer/mixed performance faded on German COVID-19 concerns, DAX -0.9%, ES -0.4%
- German coalition announcement due ~14:00GMT/09:00EST, focus on any COVID commentary given recent outgoing-government rhetoric
- DXY has risen to fresh YTD highs though JPY retains a modest bid while Bunds have whipsawed on COVID and poor issuance, USTs comparably more contained pre-data
- RBNZ hiked the OCR by 25bps to 0.75%...
24 Nov 2021, 06:54 by Newsquawk Desk
- Asia-Pac equity indices were mixed following the choppy performance of their US counterparts
- In FX, the DXY continues to hover around the 96.50 mark, NZD lags
- RBNZ hiked the OCR by 25bps to 0.75% as expected and vowed to take a steady approach going forward
- Oil prices held on to the prior day's gains after Brent and WTI crude futures rallied by more than 3% and 2% respectively
- Looking ahead, highlights include German...
23 Nov 2021, 11:47 by Newsquawk Desk
- European bourses are subdued after a mixed APAC handover with newsflow minimal and focused on the SPR, COVID and Biden's speech
- US futures are modestly lower, ES -0.2%, but performance has been comparably more contained following yesterday's late-doors selling pressure
- US President Biden to speak at 19:00GMT/14:00EST, via Politico; will be speaking on the economy and lowering prices
- The DXY has dipped from YTD highs but remains in proximity...
23 Nov 2021, 06:54 by Newsquawk Desk
- Asia-Pac stocks traded mixed following a similar performance in the US where the Nasdaq underperformed alongside firmer yields
- In FX, the DXY made further YTD highs, placing additional pressure on major counterparts
- A source report noted that the US Energy Department will announce a loan of oil from the SPR on Tuesday
- US President Biden's administration is reportedly mulling sending military advisers and new weapons to...
22 Nov 2021, 11:45 by Newsquawk Desk
- European bourses are mixed with catalyst sparse and focus on COVID; US futures firmer with RTY marginally outperforming
- FX is contained, DXY is softer but retaining 96.00; core debt has dipped after initial upside moves failed at key levels in thin volume pre-supply
- PBoC-backed China Foreign Exchange Committee instructed bank traders to limit speculation on the Yuan
- German coalition agreement could be attained as early as Monday or Tuesday...
22 Nov 2021, 06:52 by Newsquawk Desk
- Asia-Pac stocks traded mixed; US equity futures trade with mild gains
- On Friday, Fed’s Clarida suggested discussing the speeding of tapering, whilst Fed’s Waller said his preference is for the Fed to accelerate the taper
- PBoC-backed China Foreign Exchange Committee instructed bank traders to limit speculation on the Yuan
- German coalition agreement could be attained as early as Monday or Tuesday this week, according to...
19 Nov 2021, 11:40 by Newsquawk Desk
- Pronounced and broad based risk-off move was seen as Austria announced a hard lockdown and Germany refused to rule such measures out
- The back-to-back news pushed the DXY and Bunds above 96.00 and 172.00 respectively, Brent fell below USD 79.50/bbl; equities were pressured
- US House Democrat leaders are aiming for a vote on “Build Back Better” on Friday; CBO says the bill is not fully paid for
- Chinese Premier Li says China's economy is seeing...
19 Nov 2021, 06:52 by Newsquawk Desk
- Asia-Pac stocks traded mostly positive; Hang Seng lagged amid substantial losses in Alibaba
- S&P 500 and Nasdaq notched fresh record closes; overnight US equity futures drifted higher
- In FX, the DXY remained above 95.50, EUR/USD tested 1.1350 to the downside and AUD narrowly outperformed
- A compromise over the European Court of Justice could be within reach in Northern Ireland Protocol talks, according to...
18 Nov 2021, 11:51 by Newsquawk Desk
- Major bourses in Europe are choppy; US equity futures have been grinding higher in early European hours
- In FX, the DXY pulled back modestly from the 96.00 mark whilst the NZD/USD outperforms; EUR/USD and GBP/USD trade sideways
- New COVID-19 restrictions for Germany are to be announced around lunchtime today, Sky's Parson's
- China National Food and Strategic Reserves Administration stated that it was working on the release of crude...
18 Nov 2021, 06:56 by Newsquawk Desk
- Asia-Pac stocks traded mostly negative with sentiment in the region subdued; Hong Kong lagged
- In FX, the DXY pulled back modestly from the 96.00 level whilst NZD/USD outperformed
- US and China reportedly agreed after the Biden-Xi meeting to embrace frequent interactions in the next 3-4 months
- China National Food and Strategic Reserves Administration stated that it was working on the release of crude reserves
- UK and EU...
17 Nov 2021, 11:41 by Newsquawk Desk
- Risk sentiment is contained with fresh catalysts slim after a mixed APAC handover and ahead of numerous Central Bank speakers, ES U/C
- DXY remains near-96.00 after briefly surging above the mark with peers mixed but contained and NZD outperforming on domestic lockdown updates
- TRY has been knocked to fresh record lows against the USD amid familiar commentary from Erdogan on interest rates ahead of tomorrow's CBRT announcement
- US asks China to...
17 Nov 2021, 06:55 by Newsquawk Desk
- Asian equity markets traded mixed and struggled to sustain the positive lead from the US
- The S&P 500 reclaimed the 4,700 level and briefly approached to within four points of its all-time high
- In FX, the DXY has breached 96.00 to the upside, sending EUR/USD below 1.13 and USD/JPY to a four year high
- US President Biden said that he will make a final decision about Fed Chair in about four days
- Looking ahead,...
16 Nov 2021, 11:45 by Newsquawk Desk
- European bourses/US futures diverge with Europe firmer after a mixed APAC session while US peers remain tentative ahead of retail/IP data
- Opening remarks at the Biden-Xi virtual meeting set a friendly tone although expectations had been lowered ahead of the event
- Chinese President Xi said both sides must increase communication and cooperation
- German Energy Regulator has temporarily suspended certification for Nord Stream 2; subsequently,...
16 Nov 2021, 06:54 by Newsquawk Desk
- Asia-Pac stocks traded mixed in a slight improvement from the inconclusive Wall St. handover
- Opening remarks at the Biden-Xi virtual meeting set a friendly tone although expectations had been lowered ahead of the event
- Chinese President Xi said both sides must increase communication and cooperation
- The DXY has seen a mild pullback from advances above 95.50. EUR/USD remains sub-1.14
- Looking ahead, highlights include...
15 Nov 2021, 11:43 by Newsquawk Desk
- European bourses and US futures remain contained after an indecisive APAC session on mixed data ahead of Biden-Xi meeting
- Releases included better than expected Chinese activity data and a miss on Japanese GDP
- Biden-Xi meeting is aimed at setting the terms of trade to avoid future conflict, tariffs not expected to be on the agenda
- DXY remains softer on the session but holds onto 95.00 after briefly losing it overnight, peers are broadly...
15 Nov 2021, 06:53 by Newsquawk Desk
- Asian equity markets began the week with a lack of firm direction as the region digested varied tier-1 economic data
- Releases included better than expected Chinese activity data and a miss on Japanese GDP
- DXY heads into the European session around the 95.00 mark. Antipodeans lead gains vs. the USD
- White House said it is looking at every tool in its arsenal to address the rise in gas prices
- Looking ahead, highlights...