15 Oct 2024, 11:45 by Newsquawk Desk
- European equities are mostly lower, with energy/mining names underperforming; US futures are mixed, with slight underperformance in the NQ.
- Dollar is flat, JPY outperforms whilst the Antipodeans are modestly lower.
- Bonds are firmer, continuing the modest rebound seen in the prior session, but also deriving support from lower oil prices.
- Crude is on the backfoot after constructive geopolitical updates, XAU is firmer and base metals are...
15 Oct 2024, 06:54 by Newsquawk Desk
- APAC stocks traded mixed as most major indices followed suit to the gains stateside where a tech rally led the S&P 500 and Dow to fresh all-time highs.
- Fed's Waller (Voter) said the Fed should proceed with more caution on rate cuts than was needed at the September meeting.
- European equity futures are indicative of a positive cash open with the Euro Stoxx 50 future +0.3% after the cash market closed higher by 0.7% on Monday.
- DXY is firmer...
14 Oct 2024, 11:15 by Newsquawk Desk
- European bourses are mixed, whilst US futures are incrementally firmer.
- Dollar is flat, Antipodeans underperform after poor Chinese data and the lack of stimulus details from China’s MoF.
- Bunds are firmer but with specifics light, USTs cash trade is closed on account of Columbus Day.
- Crude is in the red and near session lows, XAU is incrementally firmer whilst base metals are hampered post-Chinese data.
- Looking...
14 Oct 2024, 06:51 by Newsquawk Desk
- APAC stocks were predominantly higher but with the upside initially capped amid the Japanese holiday closure, soft Chinese inflation and lack of China stimulus details.
- Upside became more pronounced as the session continued for mainland China, region still awaits trade data.
- DXY in a tight range, EUR unreactive to Fitch on France; USTs softer but with action sparse on Columbus Day
- Crude pressured by the lack of specifics from China's MOF...
11 Oct 2024, 14:47 by Newsquawk Desk
- SUN: Chinese Inflation
- MON: OPEC MOMR, Chinese Trade Balance (Sep), Canada market holiday
- TUE: SARB Announcement, IEA OMR, UK Jobs Report (Aug/Sep), Swedish CPIF (Sep), German ZEW (Oct), Canadian CPI (Sep), New Zealand CPI (Q3)
- WED: Bank of Indonesia Announcement, UK Inflation (Sep)
- THU: ECB Announcement, CBRT Announcement, European Council Meeting, Australian Jobs Report (Sep), EZ Final CPI (Sep), US Retail...
11 Oct 2024, 11:02 by Newsquawk Desk
- European equities trade tentatively on either side of the unchanged mark; US futures are very modestly lower.
- Dollar is slightly lower with G10s mixed/flat; GBP was unreactive to mixed GDP figures.
- USTs remain firmer following the strong US 30yr auction, Bunds dip with pressure sparked from unrevised CPI figures (but with internals holding a hawkish skew), Gilts outperform post-GDP.
- Crude is under pressure, XAU gains and continues to extend...
11 Oct 2024, 06:52 by Newsquawk Desk
- Mixed APAC trade after hawkish Fed commentary and with the region awaiting the weekend's Chinese MOF update.
- European futures point to a slightly firmer open, US futures were bid but have since faded.
- DXY flat with peers mixed but rangebound, NZD outperforms while havens lag.
- Fixed benchmarks underpinned by the strong US 30yr tap; Crude pulled back from Thursday's gains.
- Israeli Security Cabinet is yet to make a...
10 Oct 2024, 11:41 by Newsquawk Desk
- European bourses are mostly lower and US futures trade tentatively ahead of US CPI.
- DXY is flat, JPY outperforms following hawkish BoJ Himino commentary.
- USTs are modestly lower potentially pressured by FOMC Minutes/30yr concession; Gilts lag after IFS analysis.
- Crude is firmer, XAU gains and holds comfortably above USD 2600/oz and base metals are mostly in the green.
- Looking ahead, US CPI, Initial Jobless Claims, US...
10 Oct 2024, 06:54 by Newsquawk Desk
- FOMC Minutes stated that some officials would have preferred a 25bps cut, though a substantial majority supported 50bps
- Biden-Netanyahu call was positive; US does not yet know the timing of the strike against Iran
- APAC stocks traded higher, significant outperformance in Hong Kong on fresh PBoC support. European futures point to a slightly firmer open
- DXY rangebound, NZD & AUD outperform given the above and after Wednesday's...
09 Oct 2024, 11:22 by Newsquawk Desk
- European bourses are choppy and trading indecisively on either side of the unchanged mark, but the FTSE 100 outperforms; US futures are modestly lower.
- Dollar is firmer with G10s lower across the board to varying degrees; the Kiwi lags after the RBNZ delivered a widely expected 50bps cut and signalled the likelihood of further easing to come.
- Bonds are incrementally firmer, UK auction garnered solid demand but the tail was still large sparking some modest pressure...
09 Oct 2024, 06:51 by Newsquawk Desk
- APAC stocks traded mixed and initially took impetus from the positive performance on Wall St where the major indices were led higher amid a tech rally.
- China's Finance Ministry is to hold a press briefing on fiscal policy and economic development on October 12th at 10:00 local time (03:00BST/22:00EDT), while it will introduce details of intensifying fiscal policy adjustment
- RBNZ cut the OCR by 50bps to 4.75% and the RBI kept the Repurchase Rate unchanged at 6.50%,...
08 Oct 2024, 11:15 by Newsquawk Desk
- European bourses are subdued across the board, with sentiment hampered after China’s disappointing NDRC press conference; US equity futures are mixed.
- Dollar is slightly lower, JPY is scaling back some recent losses whilst the Aussie is hampered by broader weakness in commodity prices.
- Bonds are flat, having initially opened with a positive bias, UK and German auctions provided no impetus.
- Crude is softer given the broader risk aversion,...
08 Oct 2024, 06:49 by Newsquawk Desk
- APAC stocks were ultimately mixed after the negative lead from Wall St; China's NDRC press conference was met with disappointment.
- European equity futures are indicative of a negative cash open with the Euro Stoxx 50 future -0.8% after the cash market closed higher by 0.3% on Monday.
- DXY is steady on a 102 handle, EUR/USD remains sub-1.10, USD/JPY sits just above the 148 mark.
- New York Times cited officials that stated Israel is likely to...
07 Oct 2024, 11:09 by Newsquawk Desk
- Equities are modestly lower across the board and unable to continue the post-NFP gains seen on Friday.
- Dollar is flat and attempting hold onto its recent gains, JPY firmer vs Dollar whilst the GBP narrowly underperforms.
- Bonds continue to extend on the post-NFP losses with the US 10yr yield now incrementally above 4%; highest since Aug 8.
- Crude is firmer given the geopolitical backdrop, XAU is flat whilst base metals are...
07 Oct 2024, 06:55 by Newsquawk Desk
- APAC stocks began the week on the front foot following last Friday's gains on Wall St owing to the blockbuster jobs report.
- European equity futures are indicative of a positive cash open with Euro Stoxx 50 futures +0.3% after the cash market closed higher by 0.7% on Friday.
- DXY has held onto most of Friday's post-NFP gains, EUR/USD is on a 1.09 handle, USD/JPY briefly traded above the 149 mark overnight.
- Israel continued its wave of...
04 Oct 2024, 13:48 by Newsquawk Desk
- MON: Mainland China market holiday
- TUE: RBA Minutes, EIA STEO
- WED: RBNZ Announcement, RBI Announcement, Bank of Israel Announcement, German Trade Balance (Aug), FOMC Minutes
- THU: ECB Minutes, Norwegian CPI (Sep), US CPI (Sep), French Budget
- FRI: BoC Business Outlook Survey & Canadian Survey of Consumer Expectations, Canadian Jobs Report (Sep), BoK Announcement, UK GDP (Aug), US PPI Final Demand (Sep), US...
04 Oct 2024, 11:09 by Newsquawk Desk
- European bourses are mixed whilst US equity futures trade tentatively on either side of the unchanged mark ahead of today’s US NFP report.
- Dollar is rangebound, GBP and JPY are attempting to claw back some of their recent losses.
- USTs are flat whilst Bunds slip extending on this week’s pressure; Gilts are also on the backfoot fuelled by hawkish-leaning commentary from BoE’s Pill.
- Crude continued to hold an upward bias as focus remains on the...
04 Oct 2024, 06:44 by Newsquawk Desk
- APAC stocks traded mixed amid light pertinent catalysts for the region ahead of the latest US NFP report.
- US dock workers have agreed a deal to end their current strike action.
- European equity futures are indicative of a marginally positive cash open with the Euro Stoxx 50 future +0.1% after the cash market closed lower by 0.9% on Thursday.
- DXY sits just below the 102 mark, JPY outperforms major peers, EUR/USD remains on a 1.10...
03 Oct 2024, 11:46 by Newsquawk Desk
- European bourses are lower across the board (ex-FTSE 100), US futures are in negative terrirtory ahead of today’s US data deluge.
- Dollar is firmer vs G10 peers, GBP underperforms after BoE Governor Bailey said the bank could be a "bit more aggressive" in cutting rates provided the news that inflation continues to be good.
- Bonds are on the backfoot, extending on the pressure seen post-ADP on Wednesday; Gilts outperform following the dovish-leaning Bailey...
03 Oct 2024, 07:08 by Newsquawk Desk
- APAC stocks traded mixed amid the backdrop of several holiday closures and ongoing geopolitical tensions, while Hong Kong participants booked profits.
- Fed's Barkin (2024 voter) said he sees two 25bps cuts this year as "a reasonable path" if the economy evolves as expected.
- BoE Governor Bailey said the bank could be a "bit more aggressive" in cutting rates provided the news that inflation continues to be good, in an interview with The...
02 Oct 2024, 11:18 by Newsquawk Desk
- European bourses are generally on a firmer footing whilst US futures are modestly lower with slight underperformance in the RTY
- Dollar is flat unable to continue the prior day’s geopolitical-indued gains, JPY underperforms with USD/JPY around 144.25
- USTs are flat and Bunds give back some of its recent strength, Gilts follow peers and took another leg lower following an auction
- Crude continues to benefit from the geopolitical risk premium,...
02 Oct 2024, 06:41 by Newsquawk Desk
- APAC stocks traded mixed with some cautiousness seen amid heightened tensions in the Middle East after Iran conducted a missile attack on Israel.
- Israeli officials cited by Axios said Israel will launch a strong response within days, which could target oil production facilities inside Iran.
- European equity futures are indicative of a positive cash open with the Euro Stoxx 50 future +0.4% after the cash market closed lower by 0.9% on...
01 Oct 2024, 11:24 by Newsquawk Desk
- Equities are mixed ahead of US ISM Manufacturing and JOLTS data; RTY marginally underperforms
- Dollar is firmer continuing the gains seen post-Powell on Monday, EUR was fairly unreactive to EZ Manufacturing PMIs/HICP
- USTs are firmer and back to pre-Powell levels, Bunds also gain but were unmoved by the EZ PMIs which were revised modestly higher but the overall growth narrative remains weak
- Crude continues to slip, XAU gains and base metals...
01 Oct 2024, 06:46 by Newsquawk Desk
- APAC stocks began the new quarter mixed amid a slew of data releases and several key market closures with Mainland China, Hong Kong and South Korea closed
- Fed Chair Powell hinted at a return to 25bp rate cuts and noted that the Fed is not in a rush to cut rates quickly.
- Israeli military said it began limited, localised and targeted raids against Hezbollah targets in the border area of southern Lebanon.
- European equity futures are...
30 Sep 2024, 11:13 by Newsquawk Desk
- European equities post losses to varying degrees, with autos hit after several guidance cuts; US equity futures are flat/subdued with the focus on Fed Chair Powell later.
- Dollar is slightly softer, Antipodeans benefit from the positivity surrounding China whilst the traditional havens CHF & JPY lag.
- Bonds are modestly softer to varying degrees; Bunds were not too reactive after the German Regional CPI metrics painted a picture of cooling Y/Y inflation ahead of...