05 Nov 2024, 11:15 by Newsquawk Desk
- European bourses are mixed and trading tentatively on either side of the unchanged mark; US futures are incrementally firmer/flat.
- Dollar is slightly softer on US election day, Antipodeans benefit from constructive Chinese PMIs and Aussie was fairly unreactive to an unsurprising hold at the RBA.
- USTs are essentially unchanged, Bunds are pressured alongside Gilts; the latter was weighed on by its 2034 auction.
- Upward bias across industrials...
05 Nov 2024, 06:55 by Newsquawk Desk
- APAC stocks were ultimately mixed with most major indices in the green after further encouraging Chinese PMI data.
- The RBA decision provided little surprise and the SoMP included a reduction in GDP and household consumption forecasts.
- US equity futures were rangebound, DXY was flat, and UST futures traded sideways as all eyes now turn to the US Presidential Election.
- European equity futures are indicative of an uneventful cash open with the...
04 Nov 2024, 11:25 by Newsquawk Desk
- European bourses generally trade very modestly in positive territory, alongside slight gains in US futures.
- PredictIt odds shifted over the weekend in favour of a Harris election victory; NYT/Siena final polls showed the race was deadlocked in 6/7 battleground states.
- USD is on the backfoot as a shift in polling in the US election towards Harris has seen a scaling back of "Trump trades" across the board.
- USTs benefit from a scaling back of...
04 Nov 2024, 06:55 by Newsquawk Desk
- APAC stocks began the week mostly positive but with the gains capped ahead of this week's major risk events including the US Presidential Election.
- PredictIt odds shifted over the weekend in favour of a Harris election victory; NYT/Siena final polls showed the race was deadlocked in 6/7 battleground states.
- European equity futures are indicative of a steady cash open with the Euro Stoxx 50 future +0.1% after the cash market closed higher by 1.0% on...
01 Nov 2024, 11:48 by Newsquawk Desk
- MON: Japanese Holiday: Culture Day. Eurogroup Meeting, EZ Manufacturing PMI Final (Oct), Sentix (Nov), US Employment Trends (Oct), Factory Orders (Sep), Australian Composite/Services PMI Final (Oct)
- TUE: US Election. RBA Policy Announcement; BoC Minutes (Oct), RBNZ FSR; Chinese Caixin Services PMI Final (Oct), Swiss Unemployment (Oct), UK Composite/Services PMI Final (Oct), US Composite/Services PMI Final (Oct), ISM Services (Oct), New Zealand HLFS Unemployment (Q3), BoC...
01 Nov 2024, 10:50 by Newsquawk Desk
- European bourses are entirely in the green alongside modest strength in US futures following post-earning strength in Amazon/Intel & ultimately outmuscling losses in Apple.
- Dollar is firmer, CHF sinks after the region’s inflation data and JPY pares recent strength.
- Gilts continue to underperform with benchmarks generally softer pre-Payrolls.
- Crude is lower as risk-premium returns into the weekend though participants have NFP to navigate...
01 Nov 2024, 07:00 by Newsquawk Desk
- APAC action mixed as Amazon and Apple diverge, China outperforms on further encouraging PMI data
- DXY little changed around 104.00, USD/JPY found support at 152.00
- Fixed benchmarks contained after recent marked Gilt-led pressure, awaiting US data
- Crude underpinned on reports that Iran is preparing a major retaliatory strike from Iraq within days.
- Looking ahead, highlights include US NFP, ISM Manufacturing PMI,...
31 Oct 2024, 11:10 by Newsquawk Desk
- European bourses & US futures are entirely in the red; Tech lags stateside given META & MSFT while European banks slip
- JPY leads post-BoJ with USD lower into PCE & weekly jobs, EUR unreactive to HICP while Cable nears 1.30
- Gilts remains for sale though the morning's DMO auction went well, EGBs and USTs soft in tandem with yields bid and curves flattening
- Crude ultimately firmer with two-way geopolitical updates factoring,...
31 Oct 2024, 07:04 by Newsquawk Desk
- APAC stocks were mostly subdued following the negative handover from the US; participants also digested mixed Chinese PMIs.
- BoJ kept rates unchanged as expected and refrained from any fresh policy clues.
- European equity futures are indicative of a negative cash open with the Euro Stoxx 50 future -0.5% after the cash market closed lower by 1.3% on Wednesday.
- US equity futures (ES -0.5%, NQ -0.7%) were hampered by after-market earnings from...
30 Oct 2024, 11:14 by Newsquawk Desk
- European bourses opened in negative territory and continued to trundle lower as the morning progressed, Tech lags post-AMD
- Stateside, futures are firmer but only modestly so with Alphabet supporting as AI bolstered cloud performance
- DXY briefly dipped below the 104.00 mark, EUR aided by hawkish-data while GBP awaits the budget
- USTs continue to gain after Tuesday's 7yr into Refunding, Bunds weighed on by...
30 Oct 2024, 06:55 by Newsquawk Desk
- APAC stocks were mostly lower after the mixed performance stateside and as participants braced for this week's key risk events.
- Alphabet Inc (GOOGL) Q3 2024 (USD): Adj. EPS 2.12 (exp. 1.84), Revenue 88.27bln (exp. 86.31bln). Co. shares were higher by 5.9% after-hours.
- European equity futures are indicative of a weaker cash open with the Euro Stoxx 50 future -0.4% after the cash market closed lower by 0.4% on Tuesday.
- DXY is steady on a 104...
29 Oct 2024, 06:51 by Newsquawk Desk
- APAC stocks were ultimately mixed alongside a lack of fresh catalysts heading into this week's key data releases.
- European equity futures are indicative of a marginally positive cash open with the Euro Stoxx 50 future +0.1% after the cash market closed higher by 0.5% on Monday.
- In FX, DXY is steady, JPY is attempting to claw back recent losses, antipodeans marginally lag, EUR/USD remains on a 1.08 handle.
- The Israeli cabinet decided...
28 Oct 2024, 10:45 by Newsquawk Desk
- European bourses are on a firmer footing, traders garnering optimism following the relatively moderate Israeli attack on Iran, which saw the former avoid hitting energy/nuclear facilities; US futures also benefit.
- USD is mixed, losing vs EUR & GBP but significantly stronger vs JPY after the Japanese general election which has seen the ruling coalition lose its parliamentary majority.
- Bonds are pressured by the removal of geopolitical risk premia, but have lifted...
28 Oct 2024, 06:58 by Newsquawk Desk
- APAC stocks were mostly positive as markets digested key events over the weekend including Israel's strike on Iran and the Japanese election.
- Israel's strike on Iran was aimed at military targets and not petroleum or nuclear facilities; Iran President said will respond.
- Japan’s ruling coalition lost its parliamentary majority in Sunday’s election; the ruling party may seek partners in an effort to form a government.
- European equity...
25 Oct 2024, 13:52 by Newsquawk Desk
- SUN: Japanese LDP Election
- MON: Japanese Jobs Report (Sep)
- TUE: German GfK (Nov), US JOLTS (Oct)
- WED: UK Budget, Australian CPI (Sep), Spanish Flash CPI (Oct), US ADP (Oct), German Flash GDP (Q3) and Prelim CPI (Oct), EZ Prelim GDP (Oct), US GDP Advance (Q3), Japanese Retail Sales (Sep)
- THU: BoJ Announcement and Outlook Report, Chinese NBS PMI (Oct), French Flash CPI (Oct), EZ Flash CPI (Oct), US Quarterly...
25 Oct 2024, 11:13 by Newsquawk Desk
- European bourses hold a slight positive tilt after initially opening on a modestly weaker footing; US futures are entirely in the green.
- Dollar is flat ahead of Durable Goods, JPY was fairly unreactive to mixed Tokyo CPI.
- USTs are flat but directionally in-fitting with the pressure seen in Bunds, sparked by strong German Ifo metrics.
- Crude is very modestly firmer but ultimately within a contained range, XAU/base metals are...
25 Oct 2024, 06:48 by Newsquawk Desk
- APAC stocks bolstered by the the Wall St. handover though with upside capped given ongoing geopolitical uncertainty
- FX relatively contained with specifics light in overnight trade
- Fixed benchmarks remained afloat, JGBs edged mild gains after mixed Tokyo CPI
- Crude benchmarks attempted to nurse Thursday's losses, metals rangebound echoing FX
- Looking ahead, highlights include EZ M3, German Ifo, US Durable Goods, UoM...
24 Oct 2024, 11:27 by Newsquawk Desk
- European bourses are entirely in the green and reside just off session highs; US futures also gain, with NQ outperforming after strong TSLA (+10.7%) results.
- Dollar is on the backfoot giving back some of this week’s gains, JPY outperforms with USD/JPY scaling back to a 151 handle.
- USTs/Bunds are on a firmer footing, with EZ PMIs continuing to paint a dire picture in Europe; Gilts are the clear underperformer amid reports that Chancellor Reeves will announce major...
24 Oct 2024, 06:35 by Newsquawk Desk
- APAC stocks traded cautiously following the losses stateside as participants digested earnings releases and negative stock-specific updates, while yields also continued to edge higher.
- DXY has pulled back a touch from recent gains, EUR/USD lingers just below the 1.08 mark, USD/JPY sits on a 152 handle.
- European equity futures are indicative of a contained cash open with the Euro Stoxx 50 future -0.1% after the cash market closed lower by 0.3% on...
23 Oct 2024, 11:31 by Newsquawk Desk
- European bourses are generally trading in negative territory; US futures follow suit, ahead of a busy earnings slate.
- DXY continues to march higher, USD/JPY climbs back above 152 to a current 152.74 peak.
- USTs are modestly lower ahead of 20yr supply; Bunds were unreactive to a well-received 10yr auction.
- Crude is subdued and continues to await geopolitical updates; XAU is slightly higher whilst base metals are mostly in the...
23 Oct 2024, 07:00 by Newsquawk Desk
- APAC stocks were ultimately mixed with the upside capped following the inconclusive performance on Wall St amid a lack of fresh macro drivers, recent upside in yields and ongoing geopolitical tensions.
- ECB policymakers are beginning to debate whether rates will have to go below neutral level in the current easing cycle, according to sources cited by Reuters.
- Israel’s army completed its preparations to attack Iran, and it seems that it will be within days, according...
22 Oct 2024, 11:25 by Newsquawk Desk
- European bourses are entirely in negative territory, with initial outperformance in the DAX 40 (due to strong SAP results) now entirely erased; US futures are also lower.
- Dollar is flat, Antipodeans outperform attempting to recoup some of its recent losses.
- Bonds remain on the backfoot in a continuation of the pressure seen in the prior session
- Crude was initially subdued, giving back some of the prior day’s gains; however, following two key...
22 Oct 2024, 06:50 by Newsquawk Desk
- APAC stocks traded mixed with participants somewhat cautious following the mostly negative bias stateside.
- European equity futures are indicative of a slightly positive cash open with the Euro Stoxx 50 future +0.1% after the cash market closed lower by 0.9% on Monday.
- DXY is just below the 104 mark, antipodeans are looking to claw back recent losses, USD/JPY is north of the 150 level.
- Fed's Daly (2024 voter) said she has not seen anything so...
21 Oct 2024, 11:11 by Newsquawk Desk
- European bourses are generally trading in negative territory, but the FTSE 100 remains afloat owning to gains in Energy/Mining names; US futures are mixed.
- Dollar is firmer, JPY underperforms with USD/JPY attempting to test 150 to the upside.
- Bonds are entirely in the red, Bunds were initially lifted by soft German producer prices, but ultimately succumbed to selling pressure.
- Crude climbs higher attempting to recoup some of the prior week’s...
21 Oct 2024, 06:54 by Newsquawk Desk
- APAC stocks began the week mostly positive although gains were capped by the lack of fresh macro catalysts.
- PBoC announced a 25bps cut to China's benchmark LPRs, as expected.
- Israeli PM Netanyahu has said he is undeterred from his war aims following a reported drone attack on his private residence, via BBC.
- European equity futures are indicative of a contained cash open with the Euro Stoxx 50 future -0.1% after the cash market closed higher...