22 Jun 2021, 11:49 by Newsquawk Desk
- Equities drifted at the European cash open but catalysts were slim and performance has been rangebound; most recently, US futures have returned to near unchanged levels
- Crude is pressured given source reports that Russia is considering proposing an increase in OPEC+ oil production at the July 1st meeting; with subsequent reports adding to this
- FX has been relatively contained with the DXY firmer to the detriment of peers while core debt picks up but is in recent...
22 Jun 2021, 06:54 by Newsquawk Desk
- Asia-Pac equities staged a rebound from the prior day's sell-off; Nikkei outperformed and the Hang Seng lagged
- US equity futures traded flat and near the prior session’s best levels; US 10yr cash yield probed 1.50% overnight
- FX was quiet, DXY hovers around 92, EUR/USD and GBP/USD found support at 1.1900 and 1.3900; USD/JPY drifted higher towards 110.50
- Fed Chair Powell's prepared testimony to Congress reiterated recent...
21 Jun 2021, 11:51 by Newsquawk Desk
- US futures are firmer, ES +0.5%, after bouncing from overnight pressure as APAC players reacted to Friday's hawkish Fed remarks; Euro Stoxx 50 +0.4%
- FX has been choppy though the DXY is ultimately subdued but still holds 92.00 to the benefit of peers across the board
- Core debt remains firmer though nearing the U/C mark as sentiment improves with yields now only marginally lower after dipping below 1.40% and 2.00% overnight for the 10 & 30yr...
21 Jun 2021, 07:00 by Newsquawk Desk
- A risk-off tone was seen overnight. Nikkei 225 lost the 28k level but Mainland China bucked the trend
- US equity futures drifted lower overnight in which the NQ and YM declined under 14k and 33k respectively
- Yields continued to pull back; the US 10yr and 30yr cash yields dipped below 1.40% and 2.00% respectively
- In FX, the DXY was choppy but remained firm, EUR/USD traded sub-1.1900, JPY and Antipodeans...
18 Jun 2021, 11:33 by Newsquawk Desk
- European bourses are modestly pressured, Euro Stoxx 50 -0.3%, amid a relatively quiet session featuring banks & energy names as the laggards; ES -0.1%
- The DXY remains elevated though failed to retain 92.00 as US yields pulledback, with FX peers pressured and energy-exposed FX lagging
- BoJ maintained policy settings as expected and extended pandemic relief measures by six months
- NHC issued a tropical storm watch for the Mexican Coast and...
18 Jun 2021, 06:56 by Newsquawk Desk
- Asian equities were sluggish following the mixed lead from Wall Street where the NDX posted a fresh record high
- White House National Security Adviser Sullivan said they are considering a call between US President Biden and Chinese President Xi
- BoJ maintained policy settings as expected and extended pandemic relief measures by six months
- In FX, the DXY eyes 92.00 to the upside as EUR/USD and GBP/USD lost 1.19 and 1.39 status...
17 Jun 2021, 11:44 by Newsquawk Desk
- Equities remain subdued post-FOMC with pressure exacerbated on base-metal prices while banks are the clear outperformers; ES -0.3%, Euro Stoxx 50 -0.2%
- The USD remains supported surpassing/testing mid-April highs sub-92.00 with peers pressured across the board; SNB and Norges Bank were largely as expected
- US bipartisan group of around 20 Senators said they support an infrastructure investment framework without raising taxes and looks forward to developing...
17 Jun 2021, 06:54 by Newsquawk Desk
- Fed kept rates and QE unchanged as expected but caught markets off guard with hawkish Fed dot plots
- Fed raised IOER to 15bps (prev. 10bps) and hiked RRP rate to 5bps from 0bps
- The DXY surged above 91.00, EUR/USD and GBP/USD lost 1.20 and 1.40 handles respectively
- Asian equity markets traded mostly lower with risk appetite subdued in reaction to the FOMC
- US President Biden warned Russian President Biden against...
16 Jun 2021, 11:46 by Newsquawk Desk
- Equities are contained pre-FOMC, though we have picked up a touch as US participants arrive; ES +0.1%; Euro Stoxx 50 +0.3%
- China said it will release national reserves of copper, aluminium and zinc and ordered state firms to curb overseas commodities exposure
- The USD is lower given inflation-induced GBP strength while core debt has bounced slightly but conviction remains slim
- Oracle is pressured in the pre-market post earnings where its EPS...
16 Jun 2021, 07:00 by Newsquawk Desk
- Asian equity markets were subdued following the losses on Wall St; US equity futures traded flat overnight
- In FX, the DXY was rangebound, EUR/USD remained above 1.2100, Cable traded under 1.4100 and USD/JPY held onto 110.00
- The US is considering establishing a permanent naval task force in the Pacific region as a counter to China’s growing military strength, sources stated
- China said it will release national reserves of copper, aluminium and...
15 Jun 2021, 11:53 by Newsquawk Desk
- European equities now see more of a mixed picture whilst US equity futures move sideways, with the ES and NQ just off ATHs
- In FX, the DXY traded on either side of 90.50, GBP/USD lost 1.4100 status whilst USD/TRY extended gains above 8.5000
- Copper prices plumb the depths upon China's return with speculation of the release of state copper reserves
- EU and US have reached a deal to resolve the Boeing (BA)/ Airbus (AIR FP) dispute, whilst the UK...
15 Jun 2021, 06:54 by Newsquawk Desk
- Asia-Pac bourses were mixed as the positive bias from Wall St was offset after Chinese markets returned from the extended weekend
- UK PM Johnson confirmed a delay to the removal of further restrictions in England for four weeks until July 19th
- In FX, the DXY consolidated around 90.50, EUR/USD little changed on a 1.21 handle and GBP/USD tested 1.41 to the downside
- EU and US are set to resolve the Boeing (BA) - Airbus (AIR FP) dispute over...
14 Jun 2021, 11:52 by Newsquawk Desk
- European bourses are firmer but off highs after a holiday-thinned APAC handover; US equity futures meanwhile trade sideways
- DXY trades around 90.50 in a tight range, with peers somewhat mixed and GBP underperforming and NZD outperforming
- The White House said the G7 agreed to a new global infrastructure initiative named the Build Back Better World or B3W to rival China’s Belt & Road initiative
- UK government approves a four-week delay to...
14 Jun 2021, 06:55 by Newsquawk Desk
- Asian equity markets began the week quiet amid holiday-thinned conditions with the absence of key markets; US equity futures traded flat with a mild upside bias
- In FX, DXY remained above 90.50; EUR/USD printed on either side of 1.2100; GBP/USD tested 1.4100 to the downside
- White House said the G7 agreed to a new global infrastructure initiative named the Build Back Better World or B3W to rival China’s Belt & Road initiative
- UK government...
11 Jun 2021, 11:52 by Newsquawk Desk
- European bourses began tentative but have picked up modestly as the session progressed, while US futures pivot the U/C mark
- Basic resource names outperform given base metals overnight while banks lag on the ongoing yield pullback and crude remains supported
- DXY remains bid but off the weekly high with peers lower across the G10 board but magnitudes relatively slim
- UK PM Johnson is said to mull a four-week postponement before ending COVID-19...
11 Jun 2021, 06:54 by Newsquawk Desk
- Asian equity markets traded mixed as the region only partially benefitted from the momentum in the US
- In FX, DXY traded in a tight range on either side of 90.00, EUR/USD and GBP/USD remained sub-1.2200 and below 1.4200 respectively
- ECB sources said three policymakers wanted to cut PEPP purchases; some differed on bond-buying needs in thin summer markets
- UK PM Johnson is said to mull a four-week postponement before ending COVID-19...
10 Jun 2021, 11:28 by Newsquawk Desk
- European bourses are mixed/flat ahead of US CPI and the ECB while US futures are marginally diverging as the NQ modestly lags on firmer yields
- The USD is firmer with peers mixed but contained while fixed income modestly pares recent upside and the US 10yr yield back to 1.50%
- US and Chinese commerce chiefs reportedly agreed to push forward with trade and investment ties; supporting APAC trade
- A bipartisan House group unveiled an 8-year...
10 Jun 2021, 06:54 by Newsquawk Desk
- Asian equity markets traded higher as US-China dialogue helped the region shrug off early cautiousness
- US and Chinese commerce chiefs reportedly agreed to push forward with trade and investment ties
- The DXY maintains 90.00 status, EUR/USD sits on a 1.21 handle and GBP/USD eyes 1.41 to the downside
- A bipartisan House group unveiled an 8-year package valued at USD 1.25tln which would avoid corporate and income tax...
09 Jun 2021, 11:53 by Newsquawk Desk
- European bourses are mixed/flat in a relatively quiet EU session while US futures have been unmoved for the morning
- Chinese CPI missed forecasts while PPI continued to surge and registered the fastest pace of increase in factory gate prices since 2008
- Talks between US President Biden and Senator Capito have officially ended with Biden moving onto talks with a bipartisan group of senators
- DXY is sub-90 with peers firmer across the board and...
09 Jun 2021, 06:54 by Newsquawk Desk
- Asian equities traded mixed with price action confined to relatively tight ranges
- Chinese CPI missed forecasts while PPI continued to surge and registered the fastest pace of increase in factory gate prices since 2008
- Talks between US President Biden and Senator Capito have officially ended with Biden moving onto talks with a bipartisan group of senators
- In FX, the DXY holds on to 90.00 status, EUR/USD and GBP/USD trade on 1.21 and 1.41...
08 Jun 2021, 12:11 by Newsquawk Desk
- European cash and US equity future remain contained overall though were fleetingly pressured on multiple website outages globally with Fastly possible the cause; newsflow which lifted core debt to fresh highs
- In FX, DXY gains a firmer footing above 90.00; GBP and JPY lag whilst the NOK was lifted on the Norges Bank Survey
- US is reportedly planning trade talks with Taiwan; China is said to be moving ahead and making progress on legislation to counter US...
08 Jun 2021, 06:54 by Newsquawk Desk
- Asian equity markets lacked direction following a similar indecisive performance on Wall Street
- In FX, the DXY holds on to 90.00, EUR/USD remains sub-1.22 and GBP/USD retreats further
- Reports suggest that the UK's June 21st reopening plans could be delayed by two weeks
- US Republican Senator Capito was said to not sound too optimistic about talks with President Biden ahead of today’s meeting
- Looking ahead, highlights...
07 Jun 2021, 11:28 by Newsquawk Desk
- European bourses are contained in tentative and quiet trade during ECB & Fed blackout periods while US futures are faring marginally worse; ES -0.2%
- The DXY is essentially unchanged with peers somewhat mixed while core debt errs lower and yields are raised but still sub pre-NFP levels
- President Biden rejected the Republican infrastructure proposal although still plans to meet with Republican Senator Capito today
- Treasury Secretary Yellen...
07 Jun 2021, 06:54 by Newsquawk Desk
- Asian equities traded cautiously as the initial tailwinds from last week’s US jobs report eventually faded amid softer than expected Chinese trade data
- In FX, the DXY remains above 90.00, EUR/USD consolidated above 1.2150 and GBP/USD pulled further away from 1.42
- President Biden rejected the Republican infrastructure proposal although still plans to meet with Republican Senator Capito today
- Treasury Secretary Yellen suggested that a slightly...
04 Jun 2021, 11:49 by Newsquawk Desk
- European bourses exhibit indecisive and lacklustre trade; US equity futures are also uneventful
- DXY has waned off best levels but remains above 90.50, EUR/USD holds on to 1.21 status and GBP/USD reclaimed 1.4100
- EU regulators have opened a probe into Facebook (FB) marketplace; Facebook -1% pre-market
- Looking ahead, highlights include US and Canadian Jobs Reports, US Factory Orders, Fed’s Powell, ECB’s Lagarde, Villeroy, PBoC’s Yi...