15 Dec 2021, 12:02 by Newsquawk Desk
- Equities remain mixed but with a cautious undertone, ES -0.1%, NQ -0.4%; as newsflow is focused on COVID/geopolitics going into the FOMC
- DXY is softer but pivoting 96.50 with peers mixed and GBP leading after UK CPI; USTs are unchanged, EGBs are pressured, led by Gilts on BoE tightening repricing
- Reports indicate UK PM Johnson will hold a Omicron press conference today, unclear on content; gov't is said to be expecting a record daily case print...
15 Dec 2021, 06:54 by Newsquawk Desk
- Asian equities were mixed/rangebound as participants remained cautious following the losses in the US (S&P 500 -0.75%)
- The region also digested mixed Chinese data in which Industrial Production topped estimates but Retail Sales disappointed
- The Senate and House passed the bill to raise the debt limit by USD 2.5tln
- In FX, DXY is modestly softer and sub 96.50 with price action relatively contained in the G10...
14 Dec 2021, 11:43 by Newsquawk Desk
- Equities are pressured after a constructive European open, fundamental updates have been minimal and conditions remain thin before the week's risk events; ES -0.2%
- In FX, the DXY has been pressured towards yesterday's low, but remains comfortably above 96.00, to the mixed benefit of peers with EUR/CHF/GBP leading the way
- South African study on vaccines given Omicron finds Two doses of the Pfizer (PFE)/BioNTech (BNTX) vaccine gives 70% protection against...
14 Dec 2021, 06:54 by Newsquawk Desk
- Asia-Pac stocks traded mostly subdued following the pullback on Wall Street
- In FX, the DXY has gained a firmer footing above 96.00, activity currencies narrowly lag G10 peers
- The Senate will vote on legislation to raise the Federal Government debt limit today
- Russia said it may be forced to deploy intermediate-range nuclear missiles in Europe in response to what it sees as NATO's plans to do the same
- Looking ahead,...
13 Dec 2021, 11:55 by Newsquawk Desk
- Gains in European equities are slightly more pronounced than in US equity futures; Stoxx 600 +0.6%, ES +0.3%
- In FX, USD outperforms with the DXY nearing 96.500 at best; EUR/USD below 1.1300 while USD/JPY extends north of 113.50
- TRY is the EM FX laggard; USD/TRY topped 14.5000 before the CBRT intervened ahead of Erdogan meeting the CBRT Governor
- UK raised its COVID alert level to 4 from 3, and accelerated its booster...
13 Dec 2021, 09:30 by Newsquawk Desk
- MON: OPEC MOMR.
- TUE: NBH Announcement; UK Employment (Oct/Nov); EZ Industrial Production (Oct); US PPI (Nov); IEA OMR.
- WED: FOMC Announcement and Projections; Bank of Indonesia Announcement; Chinese Retail Sales (Nov) and Industrial Production (Nov); UK Inflation (Nov); US Retail Sales (Nov); Canadian CPI (Nov); New Zealand GDP (Q3).
- THU: ECB, BoE, SNB, Norges, CBRT, Banxico Announcements; EZ, UK and US Markit Flash PMIs (Dec);...
13 Dec 2021, 06:54 by Newsquawk Desk
- Asia-Pac equity markets took their cues from last Friday’s gains on Wall Street; US equity futures traded with mild upside overnight
- In FX, the DXY eked mild gains, EUR/USD slipped back under 1.1300 and USD/JPY traded around 113.50
- UK raised its COVID alert level to 4 from 3 and accelerated its booster programme
- UK PM Johnson is reportedly no longer seeking the immediate axing of the ECJ from its role in enforcing the Northern Ireland...
10 Dec 2021, 11:52 by Newsquawk Desk
- European bourses are softer while US equity futures are marginally firmer ahead of US CPI; ES +0.3%
- In FX, the DXY extended on gains in European hours, best level just shy of 96.50, and with peers subdued across the board
- PBoC set USD/CNY mid-point at 6.3702 vs exp. 6.3499 (prev. 6.3498); CBRT intervened in FX markets
- Taiwan says 13 Chinese PLA planes entered the Air Defence Identification Zone (ADIZ) on...
10 Dec 2021, 06:54 by Newsquawk Desk
- Asia-Pac stocks were on the back foot as the region took its cue from the weak performance in the US
- In FX, DXY was steady in a tight range, USD/JPY traded on either side 113.50, USD/CNH saw volatility at the PBoC CNY fix
- PBoC set USD/CNY mid-point at 6.3702 vs exp. 6.3499 (prev. 6.3498)
- Sources in Brussels are confident regarding a compromise on medicines with the UK before year-end
- US oil export ban is not on the...
09 Dec 2021, 12:03 by Newsquawk Desk
- Stocks in Europe have been drifting lower, US equity futures have also succumbed to the modest downside; ES -0.3%
- In FX, the DXY extends above 96.00 with JPY perhaps capping upside while the CNH saw downside on PBoC raising FX RRR by 2ppts
- Chinese PPI topped expectations whilst CPI Y/Y missed but registered the fastest pace of increase since August last year
- Views on the ECB's Governing Council reportedly converging on a limited, temporary...
09 Dec 2021, 06:53 by Newsquawk Desk
- Asian equity markets eventually traded mixed as the early tailwinds from the US gradually waned
- In FX, the DXY recouped some of its recent losses, EUR was subdued and JPY was indecisive
- Chinese PPI topped expectations whilst CPI Y/Y missed but registered the fastest pace of increase since August last year
- PBoC is reportedly seeing its special status beginning to erode with the government starting to push its influence on the central bank,...
08 Dec 2021, 11:45 by Newsquawk Desk
- Broader sentiment was dented on UK COVID Plan B updates; US equity futures mostly hold onto mild gains
- UK sources suggest an 85% chance of implementing COVID Plan B, potentially from Thursday; press conference at 17:30GMT/12:30EST
- Apple (+0.7% pre-mkt) was forced to scale back its total output target for 2021 and reportedly told suppliers to accelerate iPhone production for November-January
- House approved the measure to speed the debt limit...
08 Dec 2021, 06:55 by Newsquawk Desk
- Asian equity markets traded positively; US equity futures saw mild gains overnight after Wall Street closed firmly in the green
- In FX, DXY pulled back, EUR/USD nursed some recent losses, USD/JPY hovered around 113.50 and CAD lagged
- Preliminary results from a small study showed a 40x reduction in neutralization capacity of the Pfizer vaccine against Omicron
- Early hospitalisation data from South Africa showed the new variant could result in...
07 Dec 2021, 11:52 by Newsquawk Desk
- European stocks have conformed to the risk appetite seen across global peers; US equity futures continue to rise - ES +1.3%
- In FX, the DXY is firmer but remains capped by 96.50, antipodeans outperform on base-metals while EUR & GBP are only marginally lower
- The RBA maintained its Cash Rate at 0.10% and weekly bond purchases at AUD 4bln until mid-February, as expected
- PBoC has lowered the relending rate by 25bps for agricultural and small...
07 Dec 2021, 06:54 by Newsquawk Desk
- Asia-Pac stocks traded mostly in the green following the positive close on Wall Street; US equity futures meandered higher overnight
- In FX, the DXY was indecisive, JPY underperformed, and AUD was boosted post-RBA as iron ore futures gained
- The RBA maintained its Cash Rate at 0.10% and weekly bond purchases at AUD 4bln until mid-February, as expected
- PBoC has lowered the relending rate by 25bps for agricultural and small companies, according...
06 Dec 2021, 11:54 by Newsquawk Desk
- Early gains across equities faded; Euro Stoxx 50 +0.5%, ES -0.1%, NQ -0.5%
- PBoC cut the RRR effective from December 15th; 50bp reduction that will release CNY 1.2tln in liquidity.
- The DXY is pressured at fresh lows but retains 96.00+ status with peers mixed as havens lag
- US President Biden and Russian President Putin are to hold a phone call on Tuesday at 15:00GMT/10:00EST
- Saudi Aramco over the weekend raised...
06 Dec 2021, 09:00 by Newsquawk Desk
- MON: EZ Sentix Index (Dec); Eurogroup meeting.
- TUE: RBA Announcement; German Industrial Output (Oct); German ZEW Survey (Dec); EZ GDP R (Q3), Employment F (Q3); US Trade (Oct); Japanese GDP R (Q3); Chinese Trade Balance (Nov); EIA STEO.
- WED: BoC Announcement; RBI Announcement; US JOLTS Job Openings (Oct).
- THU: Chinese Inflation (Nov); German Trade Balance (Oct).
- FRI German CPI F (Nov); UK GDP (Oct); US CPI...
06 Dec 2021, 06:52 by Newsquawk Desk
- Asian equities began the week cautiously following last Friday's negative performance stateside
- In FX, the DXY traded within a tight range, EUR and safe havens were subdued and activity currencies outperformed
- UK ministers announced fresh COVID-19 restrictions for travellers entering the UK
- US President Biden and Russian President Putin are to hold a phone call on Tuesday
- Saudi Aramco over the weekend raised official...
03 Dec 2021, 11:59 by Newsquawk Desk
- The positivity seen heading into the European open dissipated; US equity futures are seeing modest broad-based losses
- US Democratic Sen. Manchin is skeptical that the Build Back Better bill can pass the Senate this year, CNN sources state
- Caixin Services and Composite PMI data slowed from the prior month, but both remained in expansion territory
- The DXY has edged mild gains above 96.00; GBP was hit by a less hawkish Saunders and TRY saw CBRT...
03 Dec 2021, 06:54 by Newsquawk Desk
- Asian equities eventually traded mostly higher following the cyclical-led rebound in the US
- Caixin Services and Composite PMI data slowed from the prior month, but both remained in expansion territory
- The DXY has edged mild gains above 96.00 whilst EUR/USD and GBP/USD hover around 1.13 and 1.33 respectively
- The House and Senate both passed the stopgap funding bill to avert a government shutdown
- Looking ahead,...
02 Dec 2021, 11:52 by Newsquawk Desk
- Bourses across Europe have held onto losses seen at the cash open; US equity futures are firmer with RTY outpacing and NQ lagging
- South African scientist sees an exponential rise in new COVID cases with predominance of Omicron; India said the two cases it sees are mild
- Apple (AAPL) reportedly told iPhone component suppliers that demand has slowed down ahead of the holiday period
- Chinese advisors to recommend lowering the 2022 GDP growth...
02 Dec 2021, 06:55 by Newsquawk Desk
- Asian equities traded tentatively following the declines on Wall St where major indices extended on losses
- Selling stateside was exacerbated on confirmation of the first Omicron case in the US
- DXY oscillates around 96.00, EUR/USD remains above 1.13 and GBP/USD eyes 1.33
- TRY was pressured again after Turkish President Erdogan replaced the Finance Minister
- Looking ahead, highlights include EZ Unemployment Rate, US IJC,...
01 Dec 2021, 11:52 by Newsquawk Desk
- European bourses are firmer across the board with a clear cyclical bias; US futures are in the green with RTY outperforming
- US Conservatives on both sides of the Capitol are reportedly plotting to force a government shutdown Friday
- Chinese Caixin Manufacturing PMI fell short of estimates and slipped back into contraction territory
- The DXY traded on either side of 96.000 whilst TRY whipsawed on CBRT intervention and Erdogan...
01 Dec 2021, 06:55 by Newsquawk Desk
- Asian equity markets traded mostly positive as regional bourses atoned for the prior day’s losses
- US equities closed lower (S&P 500 -1.9%) amid ongoing COVID concerns and comments from Fed Chair Powell
- Chinese Caixin Manufacturing PMI fell short of estimates and slipped back into contraction territory
- The DXY is back below 96.00 with activity currencies leading gains against the greenback
- Looking ahead,...
30 Nov 2021, 12:02 by Newsquawk Desk
- Initial momentum for APAC equities was faded; European stocks remain under pressure
- This sentiment has seeped into US equity futures; RTY lags, NQ is cushioned by softer yields
- Moderna chief predicts that existing vaccines will be much less effective against the Omicron variant
- WSJ reported Regeneron's and Eli Lilly's COVID antiviral cocktails had lost efficacy vs the Omicron variant
- Oxford University said there is...