25 Mar 2022, 06:47 by Newsquawk Desk
- APAC stocks traded mixed with the growth and tech-led momentum from the US fading overnight.
- European equity futures are indicative of a slightly higher open with the Euro Stoxx 50 future up 0.1% after the cash market closed lower by 0.2% yesterday.
- DXY hovers around 98.50, EUR/USD is back above 1.10 and USD/JPY has pulled back below 122.00.
- The US and EU have struck a deal for the US to supply the bloc with additional LNG and lower...
24 Mar 2022, 10:59 by Newsquawk Desk
- European bourses were relatively flat at the open but saw a bout of impetus amid above-forecast PMIs; however, this was shortlived with bourses now negative, Euro Stoxx 50 -0.6%.
- US futures are in-fitting directionally but diverging in terms of magnitudes, posting gains of circa. 0.4% ahead of multiple risk events.
- DXY is firmer and ever closer to 99.00, with NOK bolstered from post-Norges Bank commentary with CHF unphased by the SNB.
- EGBs...
24 Mar 2022, 06:54 by Newsquawk Desk
- APAC stocks traded cautiously after a soft close on Wall St. which saw the S&P 500 finish the session lower by 1.3%.
- The US will announce a package of sanctions designations on Russian political figures and oligarchs on Thursday.
- European equity futures are indicative of a slightly higher open with the Euro Stoxx 50 future up 0.2% after the cash market closed lower by 1.5% yesterday.
- DXY remains underpinned but sub-99.00,...
23 Mar 2022, 11:00 by Newsquawk Desk
- European bourses are pressured, Euro Stoxx 50 -0.6%, with the exception of the FTSE 100 +0.3% amid crude action.
- US futures remain softer, ES -0.3%, but haven't slipped much further amid the above pressure in Europe as Russia-Ukraine tensions remain elevated
- DXY remains bid amid hawkish Fed rhetoric, USD/JPY continues to climb while Riksbank/CNB support SEK & CZK
- Fed's Mester (2022, 2024 voter) thinks 50bps increases will be needed at...
23 Mar 2022, 06:54 by Newsquawk Desk
- APAC stocks were positive as the region took encouragement from the strong US and European leads.
- Fed's Mester (2022 voter) said she thinks 50bps increases will be needed at some meetings based on her forecasts.
- DXY hovers around 98.50, USD/JPY extended its rise to 121.40, GBP is on the front-foot ahead of the Spring Statement.
- WTI and Brent gained as storm damage to the CPC pipeline could impact up to 1mln bpd of...
22 Mar 2022, 11:00 by Newsquawk Desk
- European bourses have been erring higher after a contained open, Euro Stoxx 50 +0.9%, with upside occurring as crude and bonds slipped further.
- US futures are in-fitting directionally but magnitudes more contained, a slew of speakers ahead.
- Crude benchmarks are pressured, but off lows, amid China COVID and EU energy price cap updates.
- DXY remains underpinned after an initial pullback from 99.00, while JPY lags with USD/JPY testing...
22 Mar 2022, 06:54 by Newsquawk Desk
- APAC stocks were mostly positive following a predominantly soft close in the US; Nasdaq 100 -0.3%.
- Fed Chair Powell said if the FOMC needs to raise the Fed Funds Rate by more than 25bps at a meeting or meetings, they will do so.
- Ukrainian President Zelenskiy said he’s prepared to discuss a commitment from Ukraine not to seek NATO membership in exchange for a ceasefire.
- European equity futures are indicative of a slightly softer open with the...
21 Mar 2022, 11:00 by Newsquawk Desk
- Ukrainian President Zelensky said he is ready to negotiate with Russian President Putin; however, Turkey says Putin is not ready
- Russia's Kremlin says the progress of peace talks with Ukraine is not as big as it should be
- European bourses/US futures are pressured but relatively contained as developments within European hours have been limited
- China Eastern Airlines jet, a Boeing 737, crashed in Guangxi, BA -8.3% in...
21 Mar 2022, 09:00 by Newsquawk Desk
- MON: PBoC LPR, Japan Vernal Equinox Day; German Producer Prices (Feb), US National Activity Index (Feb).
- TUE: UK PPI (Feb), German Flash PMIs (Mar), US New Home Sales (Feb), EZ Consumer Confidence Flash (Mar), Australian Flash PMIs (Mar).
- WED: NBH Policy Announcement; EZ Current Account/Construction Output (Jan), UK PSNB (Feb), US Richmond Fed Composite Index (Mar), UK Budget.
- THU: Norges Bank, SNB, SARB & Banxico Policy...
21 Mar 2022, 06:54 by Newsquawk Desk
- APAC stocks were choppy despite the strong close on Wall St. last week; best weekly performance for the S&P 500 since Nov'20.
- Ukrainian President Zelensky said he is ready to negotiate with Russian President Putin; Turkish official says Putin is not ready.
- The EU is reportedly to consider an embargo on Russian oil this week as Biden heads to Europe.
- European equity futures are indicative of a slightly softer open with the Euro Stoxx 50...
18 Mar 2022, 11:00 by Newsquawk Desk
- US President Biden will speak with Chinese President Xi at 09:00EDT/13:00GMT
- Biden's administration reportedly hardened its stance towards China ahead of the call
- US futures and European bourses are pressured, as sentiment has drifted following a contained European cash open
- Ukrainian Presidential aide Zhovkva says talks with Russia are progressing, but only slowly; Kremlin says that Kyiv is slowing talks
- USD grinds...
18 Mar 2022, 06:54 by Newsquawk Desk
- APAC stocks eventually traded mostly positive following on from Wall St's best 3-day gain since 2020.
- BoJ kept monetary policy settings unchanged as expected; will take additional easing steps as necessary.
- US President Biden's administration reportedly hardened its stance towards China ahead of the Biden-Xi call.
- European equity futures are indicative of a slightly firmer open with the Euro Stoxx 50 future up 0.1% after the cash market...
17 Mar 2022, 11:00 by Newsquawk Desk
- Ukrainian Defense Minister says so far there is nothing to satisfy us in negotiations with Russia
- Russian Kremlin says their delegation is putting colossal energy into Ukraine peace talks, conditions are absolutely clear; pushes back on FT reports
- European bourses are predominantly negative, Euro Stoxx 50 -0.4%, after a relatively constructive open; US futures in-fitting
- DXY continues to unwind its upside with GBP awaiting BoE and Lira the...
17 Mar 2022, 06:54 by Newsquawk Desk
- Fed raised rates by 25bps as expected and expects a further six hikes in 2022 and four in 2023.
- Fed Chair Powell said the Fed expects to reduce the size of its balance sheet at a coming meeting.
- US stocks closed higher after shaking off the initial kneejerk hawkish reaction to the FOMC. APAC stocks also gained.
- European equity futures are indicative of a slightly higher open with the Euro Stoxx 50 future up 0.2% after the cash market...
16 Mar 2022, 10:55 by Newsquawk Desk
- Constructive commentary from Ukraine's Zelensky and Russia's Lavrov, though more time is still needed
- European bourses are firmer across the board, Euro Stoxx 50 +3.3%, after a firmer handover and on geopols
- US futures are firmer across the board, NQ +1.9% outperforming amid overnight tech action, influencing European sectors
- DXY reels amid support for EUR on yield action ahead of noted EUR/USD option interest at the NY...
16 Mar 2022, 06:54 by Newsquawk Desk
- APAC stocks gained after a strong handover from Wall St; S&P 500 +2.2%, Nasdaq 100 +3.2%.
- European equity futures are indicative of a higher open with the Euro Stoxx 50 future up 1.6% after the cash market closed lower by 0.1% yesterday.
- Ukrainian President Zelensky stated that the positions of Ukraine and Russia at negotiations sound more realistic.
- Fitch warns that Russia would be in default if it pays USD coupons in...
15 Mar 2022, 10:55 by Newsquawk Desk
- Ukrainian President Zelensky said negotiations with Russia will continue on Tuesday; Kremlin says it is positive talks are continuing.
- European bourses are pressured, Euro Stoxx 50 -1.8%, but off lows after a bout of early pressure amid Russia-Ukraine developments.
- Stateside, US futures are moving in tandem directionally but magnitudes more contained, ES -0.2%, as focus turns to FOMC
- Core debt's initial recovery fizzles out as Bunds hit...
15 Mar 2022, 06:54 by Newsquawk Desk
- APAC stocks mostly declined following the soft handover from the US which saw the NDX close in a technical bear market.
- European equity futures are indicative of a weaker open with the Euro Stoxx 50 future down 0.8% after the cash market closed higher by 1.5% yesterday.
- White House warned there will be significant consequences for China if it provides assistance to Russia that violates sanctions.
- US President Biden could attend an...
14 Mar 2022, 10:45 by Newsquawk Desk
- Russian and Ukrainian officials on Sunday gave their most upbeat assessments so far on the progress of talks and suggested there could be positive results within days
- European bourses are firmer, Euro Stoxx 50 +2.1%, following a mixed APAC handover amid conflicting headlines; US futures are firmer across the board but with magnitudes more contained
- DXY and FX-havens continue to pull back with EUR finding support amid noted expiries but is yet to test...
14 Mar 2022, 09:00 by Newsquawk Desk
- MON: Eurogroup Meeting, Swedish CPIF (Feb), US Survey of Consumer Expectations (Feb).
- TUE: EU Economic/Financial Affairs Council, OPEC OMR, Norges Bank Regional Network, Chinese Industrial Production/Retail Sales (Feb), UK Unemployment (Jan) & Claimant Count (Feb), German ZEW (Mar), EZ Industrial Production (Jan), Canadian Housing Starts (Feb), US PPI (Feb), New Zealand Current Account (Q4), Japanese Trade Balance (Feb).
- WED: FOMC & BCB Policy...
14 Mar 2022, 06:54 by Newsquawk Desk
- APAC stocks were mixed as participants digested varied geopolitical headlines. China was pressured by the lockdown in Shenzhen.
- Russian and Ukrainian officials on Sunday gave their most upbeat assessments so far on the progress of talks.
- Russia launched an airstrike on a military base near the Polish border on Sunday.
- European equity futures are indicative of a firmer open with the Euro Stoxx 50 future up 1.1% after the cash market...
11 Mar 2022, 12:05 by Newsquawk Desk
- Russian President Putin says there are certain positive shifts in talks with Ukraine - sparking significant risk-on.
- European bourses are firmer, Euro Stoxx 50 +3.0%, as are US futures though magnitudes are more contained amid a thin US docket.
- DXY is firmer, but off-highs, in tandem with the broader move that sees US/German 10yr yields at 2.0% and 0.30% again.
- WTI and Brent futures are firmer on the day with initial upside bolstered by a...
11 Mar 2022, 06:54 by Newsquawk Desk
- APAC stocks traded negatively following the soft lead from the US and with Chinese tech names spooked by US delisting fears.
- Russia agreed to allow a Ukrainian repair team to access power lines in the area around the Chernobyl nuclear power station.
- US President Biden is to call for an end to Russia's preferred trade status.
- European equity futures are indicative of a firmer open with the Euro Stoxx 50 future up 0.3% after the cash market...
10 Mar 2022, 11:55 by Newsquawk Desk
- Ukrainian Foreign Minister Kuleba says no progress on a ceasefire; Russia stuck to its script; holding the meeting with his Russian counterpart was not easy; ready to meet again in this format
- Russian Foreign Minister says a possible meeting between the Ukrainian and Russian presidents was discussed, but need more preparations
- Equities continue to move lower as yesterday's exuberance wanes and further pressure emerges from the readout of the Ukrainian-Russian...
10 Mar 2022, 06:54 by Newsquawk Desk
- APAC stocks traded with firm gains following a strong session for Wall St.; S&P 500 +2.6%, Nasdaq +3.6%.
- European equity futures are indicative of a marginally softer open with the Euro Stoxx 50 future down 0.1% after the cash market closed higher by 7.4% yesterday.
- Ukrainian President Zelensky said he is prepared for certain compromises but the other side also needs to compromise.
- US House voted to approve the USD 1.5tln...
