• European bourses are firmer across the board returning to post-cash open levels after a choppy morning in relatively thin newsflow
• Explicitly, Euro Stoxx 50 +0.7%; stateside, futures are relatively in-line with this action though the NQ, +0.5%, outperforms as the yield upside pauses
• DXY set a new YTD best at 99.823 before pulling back to the unchanged mark, providing peers with some modest respite
• Fixed has rebounded after Wednesday’s cycle...

• APAC stocks traded lower throughout most of the session as the downbeat mood reverberated from Wall Street.
• DXY pulled back closer towards 99.50 in early APAC hours as US yields eased; commodity-FX lagged.
• The FOMC minutes were hawkish with regards to the monthly caps on Treasuries/MBS and on rates.
• European equity futures are indicative of a slightly softer open with the Euro Stoxx 50 future -0.3% after the cash market closed lower by 2.4%...

• Equity bourses/futures have come under further pressure after a tepid APAC handover, as the NQ underperforms amid renewed yield advances pre-FOMC Minutes
• However, while ES has lost the 4500 mark it is yet to test/breach the 200-DMA at 4484
• Geopolitical updates have been thin and primarily focused around Russian sanctions
• Albeit, such updates have been sufficient to provide WTI and Brent with an underlying bid
• DXY has...

• APAC stocks traded lower across the board following the losses on Wall Street; S&P 500 -1.2%, Nasdaq -2.2%.
• European equity futures are indicative of a slightly softer open with the Euro Stoxx 50 future -0.4% after the cash market closed lower by 0.8% yesterday.
• DXY remains firm above 99.50 (fresh YTD highs), JPY lags with USD/JPY above 124 at one stage, EUR/USD hovers around 1.09.
• ECB's Wunsch said the ECB's inflation target is...

• European bourses began the session lackluster before seeing a marginal pick up amid broader risk-on moves as Ukraine's Zelensky spoke.
• However, this upside was fleeting with bourses and US futures now softer, ES -0.30%, amid reports of EU sanctions touching on energy (via coal)
• DXY remains bid but capped just above 99.00 while AUD outperforms amid RBA implying meetings are live
• Bunds have retreated markedly from initial best levels and after...

• APAC stocks traded mixed as the region observed mass closures, with Mainland China, Hong Kong, and Taiwan all away.
• US equity futures traded flat with a slightly softer bias but around yesterday’s best levels.
• European equity futures are indicative of a slightly flat/softer open with the Euro Stoxx 50 future -0.1% after the cash market closed higher by 0.8% yesterday.
• DXY hovers around the 99.00 mark, AUD outperforms post-RBA, EUR/USD...

• European bourses are mixed with US futures similarly contained, ES +0.1, amid limited newsflow and with a thin docket ahead.
• Russian Chief Negotiator said Russia's position on Crimea and Donbas remains unchanged, a draft peace agreement is not ready and talks will resume on Monday
• DXY continues to grind higher as EUR lags amid yield pressure as EGBs bounce, though GBP/Gilts await BoE speak via dovish-dissenter Cunliffe
• WTI and Brent are...

• Asia-Pac equities initially traded mixed, but sentiment improved; Mainland China was closed whilst Hong Kong outperformed.
• Russian Chief Negotiator said Russia's position on Crimea and Donbas remains unchanged and talks will resume on Monday.
• European equity futures are indicative of a slightly firmer open with the Euro Stoxx 50 future +0.2% after the cash market closed higher by 0.4% on Friday.
• DXY remains above 98.50, EUR/USD was flat on...

• MON: EZ Sentix, US Factory Orders.
• TUE: RBA Policy Announcement; EZ, UK, US Comp & Services PMI (Final), US ISM Services PMI.
• WED: FOMC Minutes; ECB's Lane, Schnabel, de Guindos, Panetta; Fed's Harker
• THU: ECB Minutes; EZ Retail Sales, US Weekly Jobless Claims.
• FRI: Canada Jobs.

NOTE: Previews are listed in day-order

RBA POLICY ANNOUNCEMENT...

• APAC stocks were cautious following the uninspiring lead from Wall St, where the major indices closed off their worst quarterly performance in two years and as the region digested weak data releases.
• European equities (Stoxx 600 +0.6%) opened marginally firmer before extending on gains after positive commentary from Russian Foreign Minister Lavrov.
• Russia's Foreign Minister Lavrov said Russia is preparing a response to Ukraine's proposals, says there has been...

• APAC stocks were cautious following the uninspiring lead from Wall St and regional soft data releases; S&P 500 -1.5%.
• UK reportedly urged Ukraine not to back down and is concerned US, France and Germany will push Ukraine to make significant concessions to Russia.
• DXY is on a firmer footing on a 98 handle, JPY is the laggard in an otherwise contained G10 FX space.
• European equity futures are indicative of a flat open with the Euro Stoxx...

• European equities (Eurostoxx 50 -0.3%) have faded gains seen at the open on the final trading session of the month. 
• Futures in the US are modestly firmer as the NQ (+0.5%) marginally outpaces the ES (+0.1%)
• In FX, DXY has regained 98.00 status, EUR/USD eyes 1.11 to the downside and USD/JPY oscillates near the 122 mark
• Crude benchmarks are suffering in the wake of reports suggesting that the Biden administration is considering a...

• APAC stocks traded cautiously at month-end following the weak lead from the US; S&P 500 -0.6%.
• Ukrainian negotiator said peace talks between Russia and Ukraine will resume online on April 1st.
• DXY attempted to nurse losses but remains on a 97 handle, JPY lags in the G10 FX space as USD/JPY trims losses.
• US President Biden's administration is considering a 'massive' release of oil to combat inflation, according to...

• European equities (Eurostoxx 55 -0.9%) trade on the backfoot as markets digest the reaction to yesterday's peace talks. 
• Regional CPIs from Germany have seen notable jumps from priors on a M/M and Y/Y basis ahead of the mainland metric at 13:00BST/08:00EDT.
• The DXY has slipped below the 98.00 mark, EUR/USD has gained a firmer footing above 1.11, JPY leads in G10 FX.
• US equity futures are indicative of a softer open with the ES...

• APAC stocks traded mostly positive following the strong lead from the US which was spurred by Ukraine/Russia optimism. 
• A western official said they haven’t seen anything so far that has demonstrated Russia is particularly serious about peace talks.
• The DXY remains subdued following yesterday's declines, USD/JPY has continued to fade recent gains. 
• European equity futures are indicative of a softer open with the Euro Stoxx 50...

• European bourses, Euro Stoxx 50 +2.2%, are firmer across the board in a continuation of the APAC/US handover as Russian-Ukraine talks begin.
• Risk-on that was exacerbated by Ukrainian negotiator Podoliak noted that a ceasefire is being discussed with Russia adding a press conference is to be expected later.
• Updates which further sapped geopolitical premia from crude benchmarks.
• DXY is softer, with EUR elevated amid pronounced yield upside as...

• APAC stocks traded mostly higher following the gains in the US where growth stocks spearheaded a recovery.
• Russia and Ukraine could pause hostilities as part of a deal which would see Ukraine abandon its push for NATO membership, according to FT.
• European equity futures are indicative of a higher open with the Euro Stoxx 50 future up 0.8% after the cash market closed higher by 0.5% yesterday.
• DXY holds onto 99.0 status, EUR/USD remains on a...

• European bourses are firmer, extending on overnight futures performance, shrugging off a downbeat APAC handover amid COVID concerns.
• Stateside, futures are contained/marginally softer ahead of a quiet schedule and after a mixed close on Friday; NQ, -0.3%, modestly lags amid yield action.
• Russian Kremlin said face-to-face talks in Turkey with Ukraine are unlikely to commence on Monday, may start on Tuesday.
• AAPL intends to make ~20% less...

• APAC stocks traded mostly lower with the region cautious heading into month-end and following the Shanghai lockdown announcement.
• The next round of face-to-face talks between Russia and Ukraine will be held in Turkey on March 28th-30th.
• US President Biden stated that Russian President Putin cannot remain in power; White House official later said Biden was not calling for a change of regime in Russia.
• European equity futures are...

• MON: US Dallas Fed Manufacturing Business Index (Mar), Retail Inventories (Feb).
• TUE: BoJ SOO (Mar); Japanese Unemployment (Feb), German GfK Consumer Sentiment (Apr), US Consumer Confidence (Mar), Australian Federal Budget.
• WED: Japanese Retail Sales (Feb), German Import Price (Feb), EZ Consumer Confidence Final (Mar) German Prelim. CPI (Mar), US ADP (Mar), GDP Final (Q4), PCE Prices Final (Q4).
• THU: OPEC+, CNB Policy Announcement;...

• European bourses came under pressure in early trade before seeing a mild recovery; US equity futures post mild gains.
• "There is progress in ceasefire negotiations with Russia", according to Ukrainian President Advisor cited by Sky News Arabia.
• The Russian military will submit a proposal to Russian President Putin on how best to respond to NATO beefing up its Eastern flank, according to the Kremlin
• EU is to work towards the aim of attaining...

• 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...

• 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...

• 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,...

• 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...