• APAC stocks traded with mild losses with price action contained following the US holiday lull.
• PBoC's latest benchmark rates announcement saw the 1-year LPR surprisingly maintained at 3.45% (exp. 5bps cut), but the 5-year LPR cut by 25bps (exp. 10bps cut).
• RBA Minutes from the February 6th Meeting stated that the board considered the case to hike by 25bps or hold steady.
• DXY traded in a tight range, Antipodeans were pressured amid the...

• APAC stocks were mixed amid a lack of drivers and with US markets to remain closed on Monday.
• Mainland China gained on return from the Lunar Year Holiday where China's travel spending topped pre-COVID levels.
• European equity futures indicate a lower open with Euro Stoxx 50 future -0.3% after the cash market closed up 0.5% on Friday.
• DXY is steady vs. peers, EUR/USD remains sub-1.08 and USD/JPY hovers around the 150...

Week Ahead 19th-23rd February

• MON: Swedish CPIF (Jan), Canadian Producer Prices (Jan), Holiday: US (President’s Day) , EU Red Sea Policing Strategy
• TUE: PBoC LPR, RBA Minutes (Feb), EZ Current Account (Dec), Canadian CPI (Jan)
• WED: FOMC Minutes (Jan), UK PSNB (Jan), South African CPI (Jan), EZ Flash Consumer Confidence (Feb), New Zealand Trade (Jan), Australian Flash PMIs (Feb)
• THU: CBRT Policy Announcement,...

• European equities are entirely in the green, with semi-conductor names lifted in a read-across from Applied Materials post-earnings; US equities are mixed, NQ leads
• Dollar is around flat, JPY underperforms after dovish BoJ Ueda speak
• Bonds are subdued, largely led by the higher-than-expected UK Retail Sales print, as attention turns to US PPI/Fed speak
• Crude is softer, paring the prior day’s advances; Base metals...

• APAC stocks sustained the positive momentum from Wall St where yields softened after the US data deluge.
• European equity futures indicate a higher open with Euro Stoxx 50 future +0.5% after the cash market closed up 0.7% on Thursday.
• DXY is marginally firmer vs. peers whilst the JPY marginally lags as the BoJ continues to talk dovishly.
• BoJ's Ueda said will examine whether to maintain various easing measures when the price target comes into...

• European bourses are firmer, with outperformance in the CAC 40 after several strong results; US equity futures firmer to a slightly lesser degree, though the RTY continues to outperform
• Dollar is around flat, GBP softer and JPY firmer as the regions enter a technical recession
• Bonds are firmer after UK GDP data, numerous speakers ahead
• Crude is subdued in a continuation of price action yesterday; base metals are generally firmer amid the...

• APAC stocks mostly took impetus from the rebound on Wall St after the Fed downplayed the recent CPI report.
• Japanese Q4 GDP showed that the nation's economy entered into a technical recession.
• European equity futures indicate a higher open with Euro Stoxx 50 future +0.4% after the cash market closed up 0.4% on Wednesday.
• DXY has pulled back a touch after failing to breach 105, JPY leads G10 FX.
• Looking ahead,...

• European bourses are firmer, with outperformance in the FTSE 100 after softer-than-expected UK CPI; US futures are entirely in the green, with the RTY leading
• Dollar is around flat and just beneath 105.00, GBP underperforming post-CPI and Yen still holds above 150.00
• Bonds boosted in tandem with Gilt price action, which gapped up post-inflation data
• Crude is incrementally firmer, spot gold trades sideways and base metals mixed awaiting...

• APAC stocks declined amid headwinds from the US where hot inflation unwound Fed rate cut expectations.
• European equity futures indicate a lower open with Euro Stoxx 50 future -0.2% after the cash market closed down 1.2% on Tuesday.
• DXY held onto post-CPI gains but stopped shy of 105, JPY selling prompted jawboning from Japanese officials.
• Japanese MOF's Kanda said they are ready to take action on FX anytime, 24 hours, all year...

• European equities are softer across the board, with Tech lagging following poor Siltronic guidance, weighing on heavyweight ASML (-2.7%)
• US equity futures mirror price action in Europe, though the NQ slightly underperforms.
• Dollar is flat and awaiting US CPI; GBP is bid post-UK jobs data and CHF suffers after significantly cooler CPI
• Bonds are divergent, with USTs in a holding pattern ahead of US inflation, whilst Gilts were pressured on the...

• APAC stocks traded mixed albeit with a positive bias as several markets reopened from the extended weekend.
• European equity futures indicate a lower open with Euro Stoxx 50 future -0.3% after the cash market closed up 0.7% on Monday.
• DXY is steady above the 104 mark, USD/JPY lingers around 149.50, NZD lags post-inflation expectation survey.
• US President Biden said the US is working on a hostage deal that would lead to a period of calm...

• European equities are generally firmer, though the FTSE 100 lags, hampered by AstraZeneca; US equity futures are around flat, with slight outperformance in the RTY
• Dollar is marginally firmer, the Kiwi underperforms despite hawkish-leaning speak from RBNZ officials overnight
• Bonds are little changed amid catalyst thin trade and will likely take impetus from upcoming central bank speak
• Crude is softer on the session despite geopolitical...

• APAC stocks were subdued amid quiet weekend newsflow and mass holiday closures in the region.
• ECB Panetta said the time for a reversal of the ECB’s monetary policy stance is fast approaching.
• European equity futures indicate a mildly positive open with Euro Stoxx 50 future +0.3% after the cash market closed up 0.1% on Friday.
• DXY is steady around the 104 mark, EUR/USD is eyeing 1.08, USD/JPY sits on a 149...

Week Ahead 12th-16th February

• MON: BoC SLOS, Indian CPI (Jan), Export/Imports (Jan), Holiday: China (New Year), Hong Kong, Tokyo
• TUE: OPEC MOMR, Swedish Unemployment (Jan), UK Unemployment/Wages (Dec), Swiss CPI (Jan), EZ/German ZEW (Feb), US CPI (Jan), NFIB (Jan). Holiday: China (New Year), Hong Kong
• WED: Indonesian Presidential Election, UK CPI (Jan), Norwegian GDP (Dec), EZ Employment (Q4), Japanese GDP (Q4), Holiday: China (Spring...

• European bourses are mixed and trading around the unchanged mark, with slight underperformance in the CAC 40, hampered by losses in L’Oreal; US equity futures mirror European peers
• Dollar is incrementally firmer; Kiwi outperforms after ANZ lifts its RBNZ rate forecast
• Bonds are around flat awaiting US CPI Revisions, German & UK 10yr yields notched fresh YTD peaks
• Crude is holding near yesterday's high after soaring more than 3% in the...

• APAC stocks traded mixed and were mostly subdued in holiday-thinned conditions ahead of the Lunar New Year.
• European equity futures indicate a slightly softer open with Euro Stoxx 50 future -0.2% after the cash market closed up 0.7% on Thursday.
• DXY is a touch firmer in contained trade for the FX space, NZD outperforms following a hawkish ANZ call on the RBNZ.
• Crude futures took a breather after rallying by over 3% yesterday, whilst Bunds...

• European equities are firmer, with outperformance in the AEX; US equity futures meander around the unchanged mark, though the RTY continues to underperform
• Dollar is flat and pivots 104.00, JPY is softer after BoJ speak; Chinese CPI softer than expected
• Bonds are modestly weaker with specifics light into a US 30yr auction
• Crude is firmer in what has been a choppy session for the complex; XAU edging higher, albeit with gains...

• APAC stocks were ultimately mixed after the fresh record levels on Wall St where the S&P 500 touched just shy of the 5k level
• Participants also digested recent earnings releases and soft Chinese inflation data ahead of the Lunar New Year holiday
• RBI kept the Repurchase Rate unchanged at 6.50%, as expected and maintained its stance of remaining focused on the withdrawal of accommodation
• European equity futures indicate a slightly higher...

• European equities are mixed whilst US futures meander around the unchanged mark; the Russell underperforms as Moody’s downgrades NYCB’s rating
• Dollar is flat and holds just above 104.00, GBP the G10 outperformer
• Bonds are divergent, though the overall trend is bearish ahead of US supply
• Crude benchmarks are firmer and XAU holds around flat alongside base metals as we await updates on the ceasefire proposal
• Looking...

• APAC stocks were mostly positive after a decline in global yields and further Chinese support efforts; Hang Seng and Shanghai Comp were mixed despite early momentum.
• Moody's downgraded New York Community Bancorp's (NYCB) long-term issuer rating to junk status of Ba2 and said most ratings remain on review for a further downgrade.
• Fed's Mester (voter) said the Fed can lower rates later this year if the economy performs as expected and when the Fed cuts rates, it will...

• European equities are mixed with outperformance in the FTSE 100, post-BP earning; US equity futures in-fitting, NQ bid
• Dollar is marginally firmer and AUD the G10 outperformer following a “hawkish hold” at the RBA
• Bonds modestly firmer, though have been edging lower throughout the European morning
• Crude and XAU hold around the unchanged mark; base metals are propped up on Chinese stabilisation efforts
• Looking ahead,...

• APAC stocks were somewhat mixed as Chinese market stabilisation efforts offset the early headwinds from Wall Street.
• Fed SLOOS (Q4) noted that tighter standards and weaker demand were reported.
• RBA kept rates unchanged at 4.35% as expected, while it reiterated that a further increase in interest rates cannot be ruled out.
• European equity futures indicate a higher open with Euro Stoxx 50 future +0.4% after the cash market closed flat on...

• European equities are mixed, with clear outperformance in the FTSE MIB, propped up by UniCredit (+8.7%) post-earnings; US equity futures are modestly softer, though the RTY underperforms
• Dollar is firmer continuing Friday’s advances, which has been leading the EUR towards December lows.
• Bonds are softer post-NFP and Chair Powell’s weekend commentary as attention turns to US ISM & other Fed speak
• Crude futures are pressured by the firmer...

• APAC stocks were mostly subdued after last Friday's red-hot jobs report; Chinese regulators pledged to stabilise the market.
• Fed Chair Powell repeated his expectation that the March meeting is likely too soon to have confidence to start rate cuts.
• European equity futures indicate a contained open with Euro Stoxx 50 future flat after the cash market closed up 0.3% on Friday.
• DXY is contained around the 104 mark, EUR/USD is sub 1.08, USD/JPY...

Week Ahead 5th-9th February

• MON: Japanese Jibun Final Composite/Services PMI (Jan), Chinese Caixin Final Services PMI (Jan), German TradeBalance (Dec), EZ/UK/US Final Composite/Services PMI (Jan), US ISM Services PMI (Jan)
• TUE: RBA Policy Announcement, EIA STEO, US Democratic Primary - Nevada, German Industrial Orders (Dec), EZ Construction PMI (Jan), EZ Retail Sales (Dec), New Zealand Unemployment (Q4)
• WED: NBP Policy Announcement,...