APAC stocks were mixed amid the holiday-thinned conditions and as participants braced for this week's central bank announcements including from the FOMC, BoE and BoJ.
Chinese house prices further deteriorated, while the latest Chinese Industrial Production and Retail Sales also disappointed.
After last week's late dovish Fed repricing, odds of a 50bps cut sit at 59% vs. 41% chance of a 25bps reduction.
TUE: EZ/German ZEW (Sep), US Retail Sales (Aug), Canadian CPI (Aug), US Industrial Production & Manufacturing Output (Aug), Business Inventories (Jul), NAHB Housing Index (Sep)
WED: FOMC & BCB Policy Announcements; Japanese Trade Balance (Aug), UK CPI (Aug), Swedish Unemployment (Aug), South African CPI (Aug), EZ HICP Final (Aug), US Building Permits/Housing Starts (Aug), New Zealand...
APAC stocks were ultimately mixed and initially took their cues from the gains in the US, but with upside capped by a lack of fresh drivers ahead of a long weekend.
ECB officials have not ruled out a rate cut at the October meeting, according to Bloomberg sources, while Reuters sources suggested an ECB October rate cut is said to be unlikely for now and a move before December would take exceptional negative growth surprises.
European bourses are entirely in the green with the region taking impetus from the prior day’s strength seen on Wall Street; US futures are modestly firmer.
Dollar is flat ahead of US PPI/IJC, JPY & CHF are subdued amid their haven statuses in risk-on trade.
Bonds are modestly lower giving back some the prior day’s advances ahead of ECB.
Crude oil and base metals are on a firmer footing benefiting from the risk-on mood, precious metals...
APAC stocks gained as the region took impetus from the post-CPI tech-led rebound stateside.
DXY traded little changed, JPY saw brief support from hawkish comments from BoJ’s Tamura; EUR awaits the ECB.
Goldman Sachs CEO Solomon said he sees 2 or maybe 3 Fed rate cuts, while he added that they could see the possibility of a 50bps cut but his base case is for a cut of 25bps, according to a CNBC interview.
European bourses are mixed having initially opened with a clear positive bias; US equity futures are entirely in the red ahead of CPI.
Dollar is softer as markets digest the Presidential Debate; CNN opinion polls suggest that 63% of voters thought candidate Harris won the debate; gains in JPY overnight also weighed on the index
Bonds are entirely in the green continuing the price action seen in the prior session; Gilts outperform after softer-than-expected UK GDP...
APAC stocks traded cautiously after the two-way price action stateside and as participants await US CPI data.
BoJ's Nakagawa said that the central bank is likely to adjust the degree of monetary easing if the economy and prices move in line with its projection.
European equity futures are indicative of a subdued open with the Euro Stoxx 50 future -0.2% after the cash market closed lower by 0.7% on Tuesday.
European equities are mixed, with initial early-morning strength trimmed; US equity futures are modestly in the red with slight underperformance in the NQ following an Apple tax order.
Apple (AAPL) has lost the fight against the EUR 13bln EU tax order to Ireland, according to Reuters; Apple said EU regulators are trying retroactively to change the rules; AAPL -1.2% in the pre-market.
DXY is flat, GBP gains post-jobs data which were mixed; Bloomberg reported that the...
APAC stocks suffered firm losses as the region took its opportunity to react to last Friday's disappointing US jobs data.
Chinese data saw softer-than-expected CPI metrics and sharper PPI deflation.
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 1.6% on Friday.
DXY is in positive territory with USD strongest vs. JPY and CHF across the majors,...
MON: Apple iPhone Event; Japanese GDP Revised (Q2),Chinese CPI (Aug), EZ Sentix Index (Sep), US Employment Trends (Aug)
TUE: EIA STEO, OPEC MOMR; Australian Business Confidence (Aug), German Final CPI (Aug),UK Unemployment/Wages (Jul), Swedish GDP (Jul), Norwegian CPI (Aug), US NFIB (Aug), Chinese Trade Balance, M2 & New Yuan Loans (Aug)
WED: UK GDP Estimate (Jul), US CPI (Aug)
THU: ECB Policy Announcement, Norges Bank Regional...
APAC stocks traded without a firm direction following a similar lead from Wall Street ahead of NFP; Hong Kong had Friday trade scrapped amid a typhoon signal.
G10 currencies were largely flat but the JPY gradually edged higher in APAC trade while Antipodeans held a mild downward bias.
European equity futures are indicative of a steady cash open with the Euro Stoxx 50 future -0.1% after cash closed -0.7% on Thursday.
APAC stocks eventually traded mixed following the earlier mild regional gains, with the overall market tone tentative ahead of a slew of US data ahead of NFP on Friday.
USD/JPY initially fell amid higher-than-expected Labour Cash Earnings; Yuan strengthened on the PBOC fixing; G10s were largely uneventful.
10-year UST futures held an upward bias in continuation of Wednesday's Wall Street session, after the bull steepening seen following the dovish July JOLTS...
US stocks slumped on return from the Labor Day weekend with the Nasdaq underperforming amid a pronounced weakness in the tech sector.
The Tech losses were led by downside in chips, with AI-darling NVIDIA (NVDA) falling 9.5% in the first trading session of September, before shedding another 2.4% after-market on a DoJ subpoena.
APAC stocks traded with losses across the board following the dire session on Wall Street, which saw a tech rout led by downside in chips,...
APAC stocks eventually faltered and traded in the red across the board, albeit with losses somewhat limited amid cautious trade ahead of the US return.
DXY remained in a tight range, JPY outperformed and Antipodeans lagged as risk tilted lower.
China Commerce Ministry, in response to Canada's tariffs on Chinese products, said China to initiate an anti-dumping investigation into canola imports from Canada,
APAC stocks traded mostly lower despite the gains seen on Wall Street on Friday, with the mood in the APAC region dampened by the continued decline in Chinese NBS Manufacturing PMI ahead of key risk events including US NFP on Friday.
DXY resided in a tight range, NZD lagged after last week’s strong performance, while CNH weakened post-PMIs.
The far-right German AfD will claim a clear victory in state parliamentary elections in the German state of...
MON: US & Canada (Labor Day), EZ & UK Final Manufacturing PMIs (Aug), Chinese Caixin Manufacturing PMI Final (Aug)
TUE: Swiss CPI (Aug), Swiss GDP (Q2), Turkish CPI (Aug), US ISM Manufacturing PMI (Aug), Final Manufacturing PMI (Aug)
WED: BoC & NBP Policy Announcements; Australian GDP (Q2), Chinese Caixin Services PMI (Aug), EZ & UK Composite/Services Final PMIs (Aug), EZ Producer Prices (Jul), Canadian Trade Balance (Jul), US Durables...
APAC stocks traded higher across the board despite a lack of fresh catalysts following a mixed lead from Wall Street, and ahead of US PCE and the US long weekend.
DXY traded within a very narrow range, EUR and GBP were uneventful, while JPY held a firmer bias after the Tokyo CPI surprisingly ticked higher.
Fixed income futures diverged slightly overnight, with USTs flat ahead of PCE, Bunds faded gains pre-EZ CPI, and JGBs softer after Tokyo...