29 Nov 2023, 11:45 by Newsquawk Desk
- European bourses & US Futures extend gains but with clear underperformance in the FTSE100
- DXY is firmer edging back towards the 103.00 level; G10’s are mixed with underperformance in the AUD following mixed data and cross-related flows.
- RBNZ opted for a hawkish hold where it kept rates unchanged but slightly raised its OCR forecasts from March 2024 to March 2025.
- EGBs bid amid EZ-member inflation prints, but have drifted slightly from...
29 Nov 2023, 06:35 by Newsquawk Desk
- APAC stocks were mixed after the choppy performance on Wall St where stocks wavered, Treasuries rallied, and the Dollar dipped on dovish Fed rhetoric.
- DXY was rangebound and traded on both sides of the 102.50 level overnight after declining yesterday on dovish comments from Fed hawk Waller; 10-year UST futures remained underpinned after the prior day’s bull-steepening.
- RBNZ opted for a hawkish hold where it kept rates unchanged but slightly raised its OCR forecasts...
28 Nov 2023, 11:40 by Newsquawk Desk
- European bourses slip whilst US Futures teeter around the unchanged mark with slight underperformance in the CAC 40
- Bonds retreat but have reclaimed some of the post-UK supply marked sell-off in Gilts
- DXY is around flat with slight outperformance in the CAD amid crude; G10s generally contained
- Oil continues to extend gains while metals are flat/mixed in the absence of major catalysts
- Looking ahead, US Consumer...
28 Nov 2023, 06:35 by Newsquawk Desk
- APAC stocks traded mixed amid the lower yield environment and after the lacklustre performance of US counterparts.
- DXY traded flat and was confined to within a tight range, USD/JPY tested 148.00 to the downside, Antipodeans were marginally firmer.
- 10-year UST futures marginally eased back from the 109.00 level after rallying on the back of soft US housing data and a strong 5yr auction, while a weak 2yr offering failed to derail the...
27 Nov 2023, 11:30 by Newsquawk Desk
- European bourses & US futures are in the red with newsflow focused on geopols and any extension to the Israel-Hamas truce.
- Black Friday US online sales rose 7.5% Y/Y to USD 9.8bln, while shopper traffic to physical stores rose 2% -5% Y/Y, according to CNBC citing Adobe Analytics.
- USD remains heavy with initial support from yields also fading, CAD lags given crude.
- Crude continues to slump; latest reports suggest African states are yet to...
27 Nov 2023, 06:35 by Newsquawk Desk
- APAC stocks declined heading into month-end and after newsflow over the weekend was mainly dominated by geopolitical headlines with a question mark hanging over whether the Israel-Hamas truce will be extended beyond the initial four-day agreement.
- Israeli PM Netanyahu said Israel will resume the Gaza operation in full force at the end of the truce but would welcome extending the truce if it facilitated the release of ten additional hostages daily.
- Hamas announced in...
24 Nov 2023, 11:04 by Newsquawk Desk
- European bourses & US futures are essentially unchanged, with price action & newsflow limited post-Thanksgiving
- DXY tilts lower with GBP bid as UK yields rise, NZD underpinned by retail data while EUR was largely unreactive to Ifo
- EGBs & USTs continue to slump with supply-side dynamics in play
- Commodities await any fresh OPEC and/or geopolitical updates, the latter following the Israel-Hamas truce...
24 Nov 2023, 06:17 by Newsquawk Desk
- APAC stocks traded mixed in the absence of a lead from Wall St and as markets headed into the start of the Israel-Hamas truce.
- DXY traded rangebound amid a lack of drivers and in holiday conditions with many in the US likely to stay away for Black Friday.
- 10-year UST futures trickled further below 109.00 as yields edged higher and with demand hampered by thinned conditions.
- A four-day truce in the Israel-Hamas war took effect at 7:00 am...
23 Nov 2023, 06:34 by Newsquawk Desk
- APAC stocks were subdued for most of the session before edging higher in holiday-quietened conditions owing to market closures in the US and Japan.
- DXY marginally softened, EUR/USD nursed the prior day’s losses, and Antipodeans were firmer with NZD/USD the outperformer.
- Israel’s military said they do not know when the ceasefire will take effect; Iran's Foreign Minister said if the truce between Hamas and Israel does not continue, the war will...
22 Nov 2023, 11:35 by Newsquawk Desk
- European bourses marginally extend gains alongside US Futures; outperformance in RTY as it pares back losses
- DXY is firmer with slight underperformance in the Yen as it gives back yesterday's gains
- EGBs climb after a stellar German auction and fresh fiscal reports
- Industrial commodities dip amid a flimsy risk tone while XAU remains above USD 2k/oz
- Looking ahead, highlights include US Durable Goods, IJC, EZ Consumer...
22 Nov 2023, 06:40 by Newsquawk Desk
- APAC stocks traded mixed following the weak handover from the US where sentiment was dampened amid soft data and pre-Thanksgiving positioning.
- FOMC minutes stated the FOMC saw rates remaining restrictive for some time; the minutes were uneventful and had little effect on price action.
- Hamas confirmed an agreement with Israel for a four-day pause in Gaza hostilities and agreed to release around 50 women and children hostages from Gaza in exchange for Israel releasing...
21 Nov 2023, 11:35 by Newsquawk Desk
- European bourses are mixed, waning off highs whilst US Futures trade with little direction
- Bonds off best levels after having bounced following yesterday’s well-covered US supply
- Dollar remains weaker; whilst the Kiwi outperforms owning to encouraging NZ trade data
- Crude trims Monday's gains while metals benefit from the Dollar pullback & strike action
- Looking ahead, highlights include US National Activity Index,...
21 Nov 2023, 06:35 by Newsquawk Desk
- APAC stocks traded mostly higher following the tech-led gains in the US where Microsoft shares climbed to a record high in otherwise quiet trade and with Chinese markets underpinned by property sector support.
- USD/JPY continued to trickle lower and breached the 148.00 level to the downside despite softening JGB yields; DXY remained pressured firmly beneath the 104.00 level and Antipodeans were underpinned.
- RBA November Minutes stated that staff projections for...
20 Nov 2023, 11:30 by Newsquawk Desk
- European bourses are near unchanged with specifics light but the DAX 40 & Healthcare lagging amid marked Bayer pressure
- Stateside, futures are slightly firmer in-fitting with the APAC bias but with action contained into a holiday-thinned week
- DXY pressured attempting to convincingly re-claim 103.50 with Yen & Yuan the main beneficiaries
- Core fixed benchmarks pressured but off lows ahead of US 20yr, BTPs outperform...
20 Nov 2023, 06:35 by Newsquawk Desk
- APAC stocks were mostly positive albeit with gains capped amid the lack of fresh catalysts from over the weekend and as participants await this week’s key events including tomorrow's FOMC minutes release.
- DXY was pressured and trickled further beneath the 104.00 level amid gains in its major peers; PBoC maintained LPRs as expected.
- European equity futures are indicative of a flat open after the cash market closed +0.9% on Friday.
- Yemen’s...
17 Nov 2023, 12:58 by Newsquawk Desk
- MON: PBoC LPR; German Producer Prices (Oct), New Zealand Trade Balance (Oct)
- TUE: FOMC Minutes (Nov), RBA Minutes (Nov), NBH Policy Announcement; UK PSNB (Oct), Canadian CPI (Oct)
- WED: UK Autumn Statement, Dutch Elections; US IJC (13 Nov w/e), Durable Goods (Oct), Uni. of Michigan Final (Nov), Australian Flash PMIs (Nov)
- THU: US Thanksgiving (Market Holiday), Riksbank & SARB Policy Announcements, ECB Minutes (Oct); EZ & UK...
17 Nov 2023, 11:25 by Newsquawk Desk
- European equities soar with US futures bid but slightly more contained
- DXY is trending lower towards the 104.00 level, with outperformance in the Yen amid tighter yield differentials
- Bond bulls rampant, assisted by softer UK Retail Sales, with key yield levels in sight
- Crude attempts to nurse some losses while industrial metals are subdued but precious metals shine
- Looking ahead, highlights include US Housing Starts,...
17 Nov 2023, 06:30 by Newsquawk Desk
- APAC stocks traded mixed with sentiment clouded after the recent soft US data and tumble in oil prices.
- European equity futures are indicative of a higher open with the Euro Stoxx 50 +0.4% after the cash market closed -0.3% yesterday.
- DXY is contained within a tight range, EUR/USD oscillates around 1.0850, USD/JPY slipped further below 151.
- Bunds pulled back from recent highs, crude is contained following yesterday's heavy...
16 Nov 2023, 11:28 by Newsquawk Desk
- European bourses are incrementally weaker, whilst US futures teeter around the unchanged mark; DAX 40 outperforms post-Siemens
- DXY is slightly firmer with underperformance in the Antipodeans on fairly muted risk sentiment
- USTs/EGBs back in the green after briefly retreating alongside downside in Gilts amid hawkish remarks from BoE’s Green
- Crude remains on the backfoot while metals march higher, although iron declined overnight amid Chinese...
16 Nov 2023, 06:35 by Newsquawk Desk
- APAC stocks were mostly negative as the recent data-driven momentum eventually lost steam.
- US Senate voted to pass the stopgap funding bill to avert a government shutdown, as expected.
- European equity futures are indicative of a slightly softer open with the Euro Stoxx 50 -0.1% after the cash market closed +0.6% yesterday.
- Biden-Xi meeting was said to be constructive and productive as they agreed to restart cooperation on counter-narcotics...
15 Nov 2023, 11:28 by Newsquawk Desk
- European bourses & US futures continue to build on post-US CPI gains; FTSE 100 outperforms on softer-than-expected UK CPI
- Dollar finds some reprieve whilst Kiwi outperforms underpinned by encouraging Chinese activity data & GBP underperforms
- Initial UK CPI-induced Gilt strength lost as core benchmarks pullback modestly
- Crude subdued but both precious and base metals extend gains despite a slightly firmer...
15 Nov 2023, 06:40 by Newsquawk Desk
- APAC stocks followed suit to the global risk-on mood after softer-than-expected US CPI, while the region also digested better-than-expected Chinese activity data.
- US House voted 336-95 to pass a temporary spending bill that would avert a government shutdown; bill now goes to the Senate.
- European equity futures are indicative of a slightly firmer open with the Euro Stoxx 50 +0.2% after the cash market closed +0.8% yesterday.
- DXY is stuck just...
14 Nov 2023, 11:40 by Newsquawk Desk
- European bourses & US futures are marginally firmer but with price action tentative pre-CPI
- DXY marginally lower, with EUR bid following German ZEW & Cable testing 1.23
- Debt futures retain yesterday’s gains, Bunds experienced slight downticks around supply and data
- Crude continues to build on Monday's gains; IEA OMR forecasts demand to grow for 2023 & 2024
- Looking ahead, highlights include US CPI,...
14 Nov 2023, 06:30 by Newsquawk Desk
- APAC stocks traded somewhat mixed with gains capped as markets await incoming US CPI data.
- US House Speaker Johnson's plan to prevent a government shutdown will be considered by the House on Tuesday, according to CBS.
- Hamas armed wing spokesperson said they told mediators they are ready to release up to 70 children and women in a five-day truce.
- European equity futures are indicative of a relatively flat open with the Euro Stoxx 50...
13 Nov 2023, 11:25 by Newsquawk Desk
- European bourses are firmer whilst US futures slip going into a busy week & after Moody's update
- DXY is lacklustre awaiting US CPI on Tuesday, with AUD extending gains and underpinned by RBA’s Kohler
- Bonds bounce broadly and fairly firmly, though Bunds ultimately unable to reclaim 130.00
- Crude off worst levels and into positive territory despite initial two-way action, OPEC MOMR due
- Looking ahead, highlights...