To download the report, please click here If you would like to subscribe to receive the research sheets directly in your inbox, you can now do so under the Research Suite section of the portal. To subscribe simply check the box next to "Email these reports" under the desired category. 

• European bourses & US futures are firmer but off best levels in a continuation of Monday’s action and ahead of US CPI
• NQ is the outperformer as the tech sector benefits from Oracle strength post-earnings
• USD dips pre-inflation while GBP lifts post-jobs/wages, Yuan attempts to recover after PBoC action
• Gilts continue to lag, impacted by data, supply and BoE rhetoric while USTs are once again more contained
• Crude...

• APAC stocks eventually traded mostly higher following the gains on Wall St where the S&P 500 and Nasdaq 100 notched fresh YTD highs.
• Nikkei 225 resumed its outperformance and breached the 33,000 level for the first time in over three decades.
• European equity futures are indicative of a higher open with the Euro Stoxx 50 +0.7% after the cash market closed up 0.6% yesterday.
• DXY is a touch softer in quiet trade, EUR/USD is capped by...

• European bourses & US futures are firmer despite a distinct lack of fresh drivers ahead of the week’s key events
• DXY wanes with Antipodeans firmer, EUR rebounding towards 1.08 and GBP bid post-Haskel
• Gilts underperform generally subdued core benchmarks following BoE remarks while BTPs and JGBs buck the bearish trend
• Crude and base metals continue to slip with spot gold benefits from the softer USD
• China’s Foreign...

• APAC stocks traded mixed with the region mostly cautious at the start of a risk-packed week.
• US equity futures were flat overnight; European equity futures are indicative of a marginally higher open.
• DXY was marginally positive amid the cautious mood but with price action kept within a thin range; USD/JPY was indecisive after early upside.
• Several Chinese lenders cut yuan deposit rates from Monday which follows similar action by China's...

• MON: NY Fed Survey of Consumer Expectations.
• TUE: OPEC MOMR, German Final CPI (May), UK Jobs Data (Apr/May), German ZEW Survey (Jun), US CPI (May).
• WED: FOMC Announcement, IEA OMR (2024 Forecast), UK GDP (Apr), Swedish CPIF (May), EZ Industrial Production (Apr), US PPI (May), New Zealand GDP (Q1).
• THU: ECB Announcement, PBoC MLF Announcement, Eurogroup meeting, Japanese Trade Balance (May), Australian Job Report (May),...

• European bourses & US futures are contained with newsflow limited and the docket ahead sparse
• USD/JPY lifted by dovish BoJ sources with the DXY firmer and above 103.50, Yuan hit on soft CPI
• Fixed benchmarks relatively rangebound into the weekend and looking to next week’s key events
• Crude pivots particularly narrow parameters while XAU slips and base metals grind higher
• US Secretary of State Blinken's...

• APAC stocks traded mostly higher following the gains on Wall St where the S&P 500 entered a bull market and tech outperformed.
• European equity futures are indicative of a marginally higher open with the Euro Stoxx 50 +0.1% after the cash market closed up 0.1% yesterday.
• DXY is contained just below 103.50, EUR/USD sits around two week highs, USD/JPY has reclaimed 139 status.
• US Secretary of State Blinken's long-delayed Beijing trip is now...

• European bourses & US futures are mixed flat with updates limited in quiet newsflow
• DXY continues to pullback below 104.00 with G10s firmer across the board and activity-FX outperforming
• Core benchmarks continue to pullback but are off session lows with USTs contained pre-IJC & refunding
• Commodities are similarly contained, with crude and key metals in thin ranges and following the wider risk tone
• Looking...

• APAC stocks were mostly subdued following the mixed handover from Wall St where tech underperformed as global yields climbed.
• RBI kept the key Repo Rate unchanged at 6.50%, as expected, with the decision on rates unanimous.
• European equity futures are indicative of a weaker open with the Euro Stoxx 50 -0.5% after the cash market closed down 0.1% yesterday.
• DXY is flat and lingering just below the 104 mark, EUR/USD is back above 1.07, USD/JPY...

• European bourses are softer with the complex drifting post-open amid a lack of catalysts/drivers
• Stateside, action is in-fitting as we look to next week’s Tier 1 US events with the BoC looming in the interim
• DXY has drifted back to 104.00 as JPY benefits from lower US yields, AUD underpinned and CAD bid
• Core benchmarks have recouped from an initial reversal to/through prior closes; green Bobl and Gilt sales...

• APAC stocks mostly gained following the positive handover from Wall St where the S&P 500 posted its highest close YTD
• Chinese trade data mostly disappointed including the wider-than-expected contraction in dollar-denominated exports
• European equity futures are indicative of a marginally higher open with the Euro Stoxx 50 +0.2% after the cash market closed flat yesterday
• DXY hovers just above the 104 mark, EUR/USD is capped by 1.07,...

• European equities trade with little in the way of firm direction, with US equity futures also hovering around the unchanged mark.
• RBA delivered a surprise 25bps rate hike and kept the door open for further policy tightening.
• China has reportedly asked the largest banks to cut deposit rates to boost the economy.
• Ukraine's State Atomic Agency said the destruction of the Kakhova dam poses a risk to the Zaporizhzhia nuclear power plant, but does...

• APAC stocks traded mixed with price action mostly rangebound following on from the subdued performance stateside.
• Apple (AAPL) announced its new VR headset, Apple Vision Pro, which augments reality with the real world.
• RBA delivered a surprise 25bps rate hike and kept the door open for further policy tightening.
• European equity futures are indicative of a contained open with the Euro Stoxx 50 flat after the cash market closed down 0.7%...

• European equities trade flat following Friday’s solid session for the region, FTSE 100 narrowly outperforms; US equity futures are flat
• Saudi Arabia announced it is to cut an additional 1mln bpd of oil output in July; all other OPEC+ producers agreed to extend earlier cuts through to the end of 2024
• Saudi’s Energy Minister said will keep the markets in suspense on whether the additional voluntary cut for July will be extended
• DXY maintains a...

• APAC stocks were mostly positive amid momentum from Friday's post-NFP gains on Wall Street and strong Chinese Caixin Services and Composite PMIs.
• Saudi Arabia announced it is to cut an additional 1mln bpd of oil output in July; all other OPEC+ producers agreed to extend earlier cuts through to the end of 2024.
• Saudi’s Energy Minister said will keep the markets in suspense on whether the additional voluntary cut for July will be...

• SUN: OPEC+ Meeting.
• MON: Chinese Caixin Services PMI (May), German Trade Balance (Apr), Swiss CPI (May), Turkish Inflation (May), EZ/UK/US Final Services and Composite PMIs (May), EZ Sentix Index (May), US Durable Goods (R), ISM Services PMI (May).
• TUE: RBA Announcement, NBP Announcement, EIA STEO, EZ/UK Construction PMI (May), EZ Retail Sales (Apr).
• WED: BoC Announcement, Australian Real GDP (Q1), Chinese Trade Balance (May),...

• European equities trade on the front foot following the Senate passage of the debt ceiling bill
• US Senate voted 63-36 to pass the US debt ceiling bill, which sends it to President Biden's desk
• DXY oscillates in a tight range on either side of 103.50 ahead of the US jobs report
• Industrial commodities are boosted by source reports that China is reportedly mulling a property-market support package to bolster the...

• US Senate voted 63-36 to pass the US debt ceiling bill, which sends it to President Biden's desk.
• APAC stocks traded higher as the region took impetus from Wall St where the S&P 500 and Nasdaq climbed to 9-month highs.
• Fed's Harker (voter) said the Fed does not have to keep moving rates up and thinks they should at least skip raising rates in June.
• European equity futures are indicative of a higher open with the Euro Stoxx 50 +0.5% after...

• European bourses are firmer as sentiment improves after the US House vote & Chinese Caixin PMI
• Stateside, futures are more contained as debt focus turns to the Senate and potential amendment votes
• DXY subdued after Wednesday’s Fed remarks with attention turning to US data before Friday’s NFP
• Flash EZ HICP spurred little sustained reaction, as it chimes with regionals; debt benchmarks dip after...

• APAC stocks were mostly positive after the US House passed the debt ceiling bill to avert a default which now moves to the Senate
• Chinese Caixin Manufacturing PMI data partially atoned for yesterday’s weak official PMI readings.
• European equity futures are indicative of a higher open with the Euro Stoxx 50 +0.7% after the cash market closed down 1.7% yesterday.
• DXY is a touch firmer on a 104 handle, EUR/USD remains stuck below 1.07, NZD and...

• European bourses & US futures are softer after a weak APAC handover on PMIs and despite softer inflation data 
• DXY lifted to a new WTD best as EUR succumbs on CPI, Yuan drifts on data and Mester remains hawkish
• EGBs bid on softer-than-expected inflation metrics from German states and France, though upside briefly capped by the latest Italian figures
• Crude continues to crumble while base metals are dented by soft Chinese data,...

• APAC stocks were mostly lower following the mixed handover from Wall St where sentiment was clouded as hardliners voiced opposition to the debt ceiling bill.
• US House Committee voted 7-6 to advance the debt ceiling bill which sends it to the full House for approval.
• European equity futures are indicative of a softer open with the Euro Stoxx 50 -0.4% after the cash market closed down 0.7% yesterday.
• Chinese Manufacturing and Non-Manufacturing...

• European bourses are mixed after a morning of choppy price action; IBEX outperforms on inflation numbers
• Stateside, futures are bid after an in-principal debt ceiling agreement with the NQ outperforming as NVDA leads in the pre-market
• DXY briefly surmounted 104.50 but has since receded as Kanda-induced JPY pressure abates and GBP surpasses 1.24
• EGBs/USTs extend after soft EZ data and Spanish inflation, fresh highs occurring after...

• US President Biden reached a budget agreement in principle with House Speaker McCarthy to raise the debt limit by 19 months until 1st January 2025
• In FX, DXY initially softened overnight alongside a downtick in US yields but then recovered against its major peers and as the CNY continued to depreciate; US equity futures saw mild gains
• In geopolitics, Russia launched a large drone attack on Kyiv over the weekend, while it was recently reported two residential...