• Risk-off experienced across most markets on the final day of the month, quarter, and half-year
• European bourses are lower across the board; US equity futures succumb to the downside with NQ underperforming
• In FX, DXY extends above 105.000, Yen regroups as yields drop, EUR/USD inches lower towards 1.04
• Debt in demand on safe haven grounds rather than duration as curves steepen on less hawkish/more dovish market...

• APAC stocks were varied at month-end amid a slew of data releases including mixed Chinese PMIs.
• European equity futures are indicative of a negative open with Eurostoxx 50 -0.5% after the cash market closed lower by 1.0% yesterday.
• DXY lingers around the 105 mark, EUR/USD dipped as low as 1.0434 overnight, AUD leads G10 FX.
• Crude futures nursed some of the prior day's losses but with the rebound capped by the mixed risk...

• European bourses are on the backfoot as the region plays catch-up to the losses on Wall Street yesterday
• US equity futures trade on either side of the unchanged mark with no stand-out performers thus far
• In FX, Dollar is mostly bid, CHF outperforms, JPY is rangy, EUR sees conflicting inflation prints, and antipodeans lag
• Bunds unwind all and a bit more of their hefty post-NRW CPI gains as other German states show smaller inflation slowdowns...

• APAC stocks were pressured amid headwinds from the US where disappointing Consumer Confidence data added to growth concerns (S&P 500 -2%)
• European equity futures are indicative of a softer open with Eurostoxx 50 -0.6% after the cash market closed higher by 0.3% yesterday
• DXY hovers around the 104.50 mark, EUR/USD maintains 1.05 status and USD/JPY sits on a 136 handle
• Turkey dropped its opposition to Sweden and Finland’s NATO...

• European bourses are firmer as sentiment picked up heading into the cash open amid encouraging Chinese COVID headlines
• China is to cut quarantine time for international travellers; Shanghai Disneyland (DIS) will reopen on June 30th
• US equity futures saw a leg higher in tandem with global counterparts, with the RTY narrowly outperforming
• Bond reversal continues amidst buoyant risk sentiment, hawkish ECB commentary and...

• APAC stocks were mixed with the region partially shrugging off the lacklustre handover from the US (S&P 500 -0.3%)
• European equity futures are indicative of a softer open with Eurostoxx 50 -0.4% after the cash market closed higher by 0.2% yesterday
• DXY continues to hover around the 104 mark with G10 FX muted ahead of the European session
• French President Macron informed US President Biden of limited extra oil production capacity for...

• European bourses are kicking off the week on the front-foot as global equities see tailwinds from Wall Street’s bounce on Friday
• Stateside, US equity futures track sentiment higher – with the NQ the current outperformer vs the ES, YM, and RTY
• In FX, DXY pivots 104.00, Yen benefits from all round fix buying, Aussie lags on Aud/Nzd headwinds, and the Yuan is underpinned
• Debt futures unwind more recovery gains with EGBs leading the way; T-note...

• APAC stocks were higher across the board as the region took impetus from last Friday's firm gains on Wall St heading closer into month-end
• European equity futures are indicative of a firmer open with Eurostoxx 50 +0.5% after the cash market closed higher by 2.8% on Friday
• US is pushing to discuss a price cap on Russian oil during the G7 summit, also looking to ban imports of Russian gold
• DXY heads into the European session sub-104, JPY leads...

• MON: US Durable Goods (May); BoJ SOO.
• TUE: NBH Announcement; German GfK Sentiment (Jul).
• WED: EZ Sentiment Survey (Jun); US GDP Final (Q1).
• THU: Chinese Official PMIs (Jun); US PCE (May); UK GDP (Q1); German/EZ Unemployment (Jun); German CPI Prelim (Jun); Riksbank Announcement; OPEC Meeting.
• FRI: Eurozone Flash CPI (Jun); US ISM Manufacturing (Jun).

NOTE: Previews are listed in...

• European bourses have coat-tailed on the positivity seen on Wall Street yesterday; sectors overall project a modest defensive bias
• US equity futures are firmer across the board – with the NQ narrowly leading the pack, whilst the ES topped resistance at 3,800
• DXY resides towards the bottom of a relatively contained intraday range, still above 104.00; NZD outperforms
• Debt recoils after stretching recovery limits further, with trading volumes...

• APAC stocks ultimately followed suit to the gains on Wall St where major indices clawed back opening losses; S&P 500 +1.0%.
• European equity futures are indicative of a firmer open with Eurostoxx 50 +1.1% after the cash market closed lower by 0.8% yesterday.
• DXY is a touch softer but still on a 104 handle, antipodeans lead G10 FX and GBP shrugs off a tough night for the Tories.
• UK PM Johnson's Conservatives lost the two by-elections,...

• European bourses are pressured overall, but well off lows going into the US session, Euro Stoxx 50 -0.2%
• Broad pressure was seen post-PMIs which missed expectations and featured pessimistic internal commentary; hitting EUR and lifting EGBs
• EUR impaired by the PMIs which lifted the DXY to a 104.78 peak and pressured peers in turn, though JPY outperforms on risk
• Fixed firmer on the data with Bunds and OATs leading the way and peers lifted in...

• APAC stocks were mostly positive following the choppy price action on Wall St with lower oil prices and recession fears in focus; S&P 500 -0.17%. 
• European equity futures are indicative of a softer open with Eurostoxx 50 -0.5% after the cash market closed lower by 0.8% yesterday.
• DXY is a touch softer but maintains 104 status, EUR/USD encountered resistance around 1.06, JPY leads G10 FX. 
• Looking ahead, highlights...

• European bourses are subdued, Euro Stoxx 50 -1.9%, as Tuesday's positivity waned in the APAC session as commodities slipped
• Stateside, futures are in-fitting with the above action, ES -1.4%, where participants are awaiting the first session of testimony from Chair Powell
• DXY bid but mid-range pre-Powell with peers conforming to the tone as JPY & CHF benefit while activity currencies slip
• Commodities are, broadly speaking, curtailed...

• APAC stocks were subdued after the risk-on mood from Wall Street (S&P 500 +2.45%) waned overnight amid pressure in commodities.
• European equity futures are indicative of a lower open with Eurostoxx 50 -1.3% after the cash market closed higher by 0.7% yesterday. 
• DXY is firmer but still on a 104 handle, EUR/USD has lost 1.05 status, antipodeans lag. 
• Crude benchmarks took another leg lower as risk appetite in Asia...

• European bourses are firmer and building on Monday's upside, Euro Stoxx 50 +1.1%; US futures are modestly outperforming, ES +1.7%, post-market holiday
• DXY is downbeat and sub-104.00 at worst; benefitting G10 peers ex-JPY given the region sticking to its monetary policy stance
• Core debt is within ranges and little changed overall though USTs are incrementally softer and the curve flitting between flattening/steepening
• Crude lifts amid broader...

• APAC stocks gained across the board amid a broadly constructive global risk tone (US markets closed yesterday)
• European equity futures are indicative of a higher open with Eurostoxx 50 +0.6% after the cash market closed higher by 0.9% yesterday
• DXY trades a touch softer, EUR/USD sits on a 1.05 handle, AUD leads G10 FX
• Crude futures continued to nurse some of Friday's heavy losses, helped by the risk tone and a softer...

• APAC stocks were mostly negative with risk appetite cautious and global markets also likely to be hampered by the absence of US participants today.
• European equity futures are indicative of a softer open with Eurostoxx 50 -0.3% after the cash market closed higher by 0.3% yesterday.
• DXY is softer and on a 104 handle, AUD leads G10 FX, EUR/USD is back on a 1.05 handle. 
• French President Macron failed to win an absolute majority in...

• MON: PBoC LPR
• TUE: New Zealand Trade Balance (May); Canadian Retail Sales (Apr); RBA Minutes
• WED: CNB Announcement; UK Inflation (May); Canadian Inflation (May)
• THU: Norges Bank Announcement; CBRT Announcement; Banxico Announcement; EZ/UK/US Flash PMIs (Jun)
• FRI: Japanese CPI (May); UK Retail Sales (May); German Ifo Survey (Jun)

NOTE: Previews are listed in...

• European bourses are now firmer across the board, Euro Stoxx 50 +1.2%, as performance picks up following a mixed open amid comparably quiet newsflow
• US futures are in-fitting though the overall complex is cognisant of Quad Witching & Chair Powell
• DXY bid as the JPY tumbles amid the BoJ bucking the trend and remaining ultra-accommodative; activity-FX also hampered
• Core debt has seen a concerted bounce from earlier lows, though action has...

• APAC stocks mostly suffered firm losses amid the global risk-aversion which saw the S&P 500 close lower by 3.1%.
• BoJ kept policy settings unchanged as expected and will keep offering to buy 10yr JGBs at 0.25%.
• DXY has reclaimed 104 status, JPY is the clear laggard in G10 FX, EUR/USD sits on a 1.05 handle. 
• European equity futures are indicative of a positive open with Eurostoxx 50 +0.8% after the cash market closed lower by...

• European bourses and US futures are hampered following a surprise SNB hike, with pronounced price action seen across assets
• SNB hikes by 50bp to -0.25% and cannot rule out further increases ahead; sparking noted CHF appreciation
• DXY is well off best levels, but has recouped 105.00 as activity currencies come under pressure while CHF & JPY outperform
• Bonds collapse as SNB unexpectedly strikes against inflation; with USTs back to...

• APAC stocks were mostly positive and followed suit to the gains on Wall Street post-FOMC; SPX +1.46%
• The Fed hiked rates by 75bps and lifted its FFR projections, Fed Chair Powell said he does not expect 75bps moves to be common
• European equity futures are indicative of a positive open with Eurostoxx 50 +0.3% after the cash market closed higher by 1.6% yesterday
• DXY has rebounded from the post-FOMC declines, JPY lags G10 FX, GBP eyes the...

• US futures are firmer across the board, ES +0.3%, though overall action here is more contained than in Europe given the FOMC looms
• European bourses are supported amid an ad-hoc ECB meeting on current market conditions, an update which bolstered the EUR and narrowed the BTP-Bund spread
• However, the spread re-widened amid sources which did not appear to indicate a marked policy shift from the gathering
• Broader FX features a downtrodden DXY to...

• APAC stocks traded mixed following a mostly negative US lead and better-than-expected Chinese activity data.
• European equity futures are indicative of a mildly positive open with Eurostoxx 50 +0.3% after the cash market closed with losses of 0.8% yesterday.
• DXY is relatively flat ahead of the European open, JPY leads G10 FX, Cable is back below 1.20.
• ECB's Schnabel said the ECB will not tolerate changes in financing conditions that threaten...