09 Jun 2022, 06:50 by Newsquawk Desk
- APAC stocks were subdued following a weak handover from the US and with sentiment cautious
- DXY faded the prior day's marginal gains; G10s were broadly flat with some modest outperformance in the JPY
- The White House said it expects elevated inflation numbers to be released on Friday, according to Reuters
- Shanghai will lock down the Minhang district on Saturday morning for mass COVID-19 testing, according to...
08 Jun 2022, 11:45 by Newsquawk Desk
- European bourses have trimmed initial upside, Euro Stoxx 50 -0.2%, with macro newsflow limited and the initial strength primarily a continuation of APAC/Wall St. leads.
- Stateside, futures are modestly pressured overall but well within overnight ranges ahead of a slim docket; ES -0.4%.
- USD/JPY continues to extend and has peaked just shy of 134.00 thus far; DXY continues to extend though is off intra-day bests
- Core debt experienced hefty...
08 Jun 2022, 06:50 by Newsquawk Desk
- APAC stocks were mostly higher following the gains on Wall St and optimism of China easing its tech crackdown
- DXY was rangebound near 102.50, USD/JPY printed fresh 20-year highs above 133.00, and Antipodeans saw late pressure
- RBI hiked by 50bps to 4.90% (exp. 40bps hike) via unanimous decision and dropped mention of "staying accommodative"
- Elon Musk's effort to arrange new Twitter (TWTR) deal financing is on hold amid...
07 Jun 2022, 11:40 by Newsquawk Desk
- European bourses are modestly pressured, Euro Stoxx 50 -0.9%, with newsflow relatively limited once more and participants looking ahead to the week's risks events
- Stateside, futures are in-fitting directionally, but magnitudes marginally more contained ahead of a sparse US-specific docket
- AUD is contained once more after a 50bp RBA hike, exceeding expectations, sparked short-lived upside while the DXY is steady mid-range
- EGBs have drifted...
07 Jun 2022, 06:50 by Newsquawk Desk
- APAC stocks traded cautiously amid upside in yields and ahead of upcoming risk events.
- European equity futures are indicative of a weaker open with Eurostoxx 50 -0.9% after the cash market closed higher by 1.5% yesterday.
- DXY remains firmer above 102.50, EUR/USD is back below 1.07 and RBA-inspired gains in AUD were trimmed.
- UK PM Johnson won the confidence vote, as expected, with total votes at 211 vs...
06 Jun 2022, 11:30 by Newsquawk Desk
- European bourses are bolstered in limited newsflow as participants recoup from post-NFP pressure amid multiple China-related developments
- US futures in-fitting with this performance and aided by the incremental China COVID developments alongside a pick-up in the regions PMIs
- GBP is bid, but off highs, going into the no-confidence vote for PM Johnson between 18:00-20:00BST/13:00-15:00ET today
- DXY downbeat as such, to the broad benefit of...
06 Jun 2022, 06:51 by Newsquawk Desk
- APAC stocks traded mixed following last Friday's post-NFP losses on Wall St; European equity futures are indicative of a firmer open
- DXY traded flat overnight but remained above the 102.00 level; G10s were uneventful
- China’s Beijing will continue to roll back its COVID-19 restrictions in most districts
- UK Conservative rebels expect the 1922 Committee's Brady to make a statement this morning announcing PM Johnson will be subject to a...
03 Jun 2022, 11:45 by Newsquawk Desk
- European cash bourses are trimming the Wall Street-induced gains seen at the open; US futures posting modest losses
- NQ lags amid TSLA, -3.7% pre-mkt, CEO reportedly calling for a 10% staff reduction and saying he has a "super bad feeling" re. the economy
- DXY relatively rangebound, but inching higher overall, going into NFP; peers marginally softer, as such
- Debt downbeat with German yields extending further and the curve steeper while US...
03 Jun 2022, 06:50 by Newsquawk Desk
- US stocks staged a comeback from opening losses; the Nasdaq outperformed and the SPX closed higher by 1.8%
- APAC stocks took impetus from the gains in the US; Chinese markets were closed for Dragon Boat Festival
- Fed's Mester (2022, 2024 voter) said ongoing rate increases are needed including 50bps rate hikes at the next two Fed meetings
- The White House said they do not expect to see blockbuster job numbers every...
02 Jun 2022, 11:35 by Newsquawk Desk
- European bourses are posting modest gains, Euro Stoxx 50 +0.6%, though volumes are lighter given UK Spring Bank Holiday
- Stateside, futures are firmer across the board, ES +0.5%, with action similarly contained ahead of a busy PM docket featuring ADP and Fed's Mester
- DXY has pulled back to sub-102.50 status amid a broader, initial post-inflation CHF lead, bounce with GBP jubilant on the Jubilee
- EGBs continue to drift with associated yields...
02 Jun 2022, 06:50 by Newsquawk Desk
- APAC stocks followed suit to the subdued performance seen in global peers after the recent upside in yields and hawkish central bank rhetoric.
- European equity futures are indicative of a flat open with Eurostoxx 50 unchanged after the cash market closed lower by 1.0% yesterday.
- FX markets were contained overnight with DXY circa 102.50, USD/JPY hovers around 130.00.
- Saudi Arabia is reportedly ready to pump more oil if Russian output declines,...
01 Jun 2022, 11:40 by Newsquawk Desk
- European bourses are mixed, Euro Stoxx 50 +0.2%, and have struggled to find a clear direction after mixed APAC trade with a busy docket ahead.
- Similar performance seen in US futures, looking to key data and numerous speakers
- DXY bid but relatively contained while EUR lifted but failed to advance much on Holzmann’s latest given hefty OpEx
- WTI and Brent are recovering from yesterday's WSJ source report induced downside, with participants...
01 Jun 2022, 06:50 by Newsquawk Desk
- APAC stocks traded mixed as risk sentiment only mildly improved from the lacklustre performance stateside.
- European equity futures are indicative of a firmer open with Eurostoxx 50 +0.6% after the cash market closed lower by 0.7% yesterday.
- DXY hovers around the 102 mark, EUR/USD holds on to 1.07 status and JPY lags in G10 FX.
- Looking ahead, highlights include German Retail Sales, EZ, UK & US Final PMIs, US ISM Manufacturing PMI,...
31 May 2022, 11:45 by Newsquawk Desk
- European bourses are mixed, Euro Stoxx 50 -0.8%, with sentiment cautious after a mixed APAC handover and in wake of hot EZ CPI before Powell's meeting with Biden.
- Stateside, futures are pressured succumbing to the broader risk moves after initial cautious/contained trade.
- EZ Flash CPI for May surpassed expectations printing at 8.1% YY, denting Bunds and dragging peers lower in sympathy; yields extending and steepening
- DXY at the top-end of...
31 May 2022, 06:50 by Newsquawk Desk
- APAC stocks were mixed as most indices lacked firm direction following the lack of a US lead, month-end and mixed data.
- The EU has agreed to ban seaborne exports of Russian oil to the EU which covers more than two-thirds of Russian oil imports.
- European equity futures are indicative of a softer open with Eurostoxx 50 -0.2% after the cash market closed higher by 0.9% yesterday.
- DXY trades on a firmer footing, EUR/USD hovers around...
30 May 2022, 06:50 by Newsquawk Desk
- APAC stocks gained as regional bourses resumed the risk momentum seen across global peers last week
- Beijing has eased some COVID restrictions, whilst Shanghai moves closer to reopening
- EU failed to reach an agreement on the Russian oil embargo on Sunday and will conduct more talks on Monday
- European equity futures are indicative of a positive open with Eurostoxx 50 +0.7% after the cash market closed higher by 1.8% on...
27 May 2022, 11:35 by Newsquawk Desk
- European bourses are firmer, Euro Stoxx 50 +0.9%, drawing impetus from APAC strength into month-end with catalysts thin thus far.
- Stateside, futures are supported with familiar themes in play pre-PCE Price Index for insight into the 'peak' inflation narrative; ES +0.4%.
- USD was initially pressured to a fresh WTD low but has seen a concerted bounce at the modest expense of the EUR
- Core debt has struggled to find a firm direction but has erred...
27 May 2022, 06:50 by Newsquawk Desk
- APAC stocks took impetus from the risk-on mood on Wall St where all major indices closed higher.
- European equity futures are indicative of a contained open with Eurostoxx 50 +0.1% after the cash market closed higher by 1.7% yesterday.
- DXY hovers around the 101.50 mark, EUR/USD has gained a firmer footing above 1.07, antipodeans lead.
- Crude futures plateaued at a two-month high after benefitting from the risk...
26 May 2022, 11:35 by Newsquawk Desk
- European bourses are firmer across the board, Euro Stoxx 50 +0.7%, but remain within initial ranges in what has been a relatively contained session
- US futures are relatively contained, ES +0.2%, with newsflow thin and on familiar themes following yesterday's minutes and before PCE on Friday
- JPY and GBP outperform after/ahead of BoJ Kuroda and Sunak's cost of living announcement respectively, DXY sub-102.00 as such
- Core debt's early bid,...
26 May 2022, 11:35 by Newsquawk Desk
- European bourses are firmer across the board, Euro Stoxx 50 +0.7%, but remain within initial ranges in what has been a relatively contained session
- US futures are relatively contained, ES +0.2%, with newsflow thin and on familiar themes following yesterday's minutes and before PCE on Friday
- JPY and GBP outperform after/ahead of BoJ Kuroda and Sunak's cost of living announcement respectively, DXY sub-102.00 as such
- Core debt's early bid,...
26 May 2022, 06:50 by Newsquawk Desk
- APAC stocks were indecisive as risk appetite waned despite the positive handover from Wall St; SPX +0.95%, NDX +1.48%
- FOMC Minutes stated that most Fed officials backed 50bps hikes at the next couple of meetings; no mention of 75bps
- European equity futures are indicative of a softer open with Eurostoxx 50 -0.2% after the cash market closed higher by 0.8% yesterday
- DXY sits on a 102 handle ahead of the European open, EUR/USD is sub 1.07,...
25 May 2022, 11:50 by Newsquawk Desk
- The early optimism across the equity complex faded in European hours; Euro Stoxx 50 +0.4%
- US equity futures have trimmed earlier upside with contracts near the unchanged mark; ES +0.1%
- Buck built a base before Fed speak, Euro pulled back sharply, Kiwi held up well after RBNZ hike and higher OCR outlook
- South Korean Presidential Office said they have detected signs of North Korea testing a nuclear detonation...
25 May 2022, 06:50 by Newsquawk Desk
- APAC stocks were mostly positive but with gains capped and price action choppy after a lacklustre lead from global counterparts.
- European equity futures are indicative of a higher open with Eurostoxx 50 +1.0% after the cash market closed with losses of 1.6% yesterday.
- DXY eyes 102 to the upside, EUR/USD maintains 1.07 status and NZD outperforms post-RBNZ.
- RBNZ hiked rates by 50bps to 2.00% as expected, upgraded its OCR projections and...
24 May 2022, 11:45 by Newsquawk Desk
- European bourses are subdued following the Snap-headwind, further hawkish ECB rhetoric and disappointing Flash PMIs; particularly for the UK, Euro Stoxx 50 -0.9%.
- US futures are similarly subdued and the Nasdaq, -1.7%, is taking the brunt of the pressure as tech names are hit across the board, ES -1.1%
- ECB’s Lagarde elaborated on Monday’s blog post, sparking a hawkish EUR and Bund reaction, pressuring the DXY to below 102.00
- Cable fell by a...
24 May 2022, 06:50 by Newsquawk Desk
- APAC stocks mostly declined after Snap's profit warning soured risk sentiment and weighed on US tech names.
- US President Biden said there is no change to the policy of strategic ambiguity regarding Taiwan.
- European equity futures are indicative of a weaker open with Eurostoxx 50 -0.6% after the cash market closed higher by 1.4% yesterday.
- DXY is marginally firmer on a 102 handle, EUR/USD stopped just shy of 1.07 and antipodeans lag in G10...