• All major US indices finished lower after attempts to recover earlier losses were reversed into the last hour of trade
• APAC markets were subdued ahead of the FOMC and holiday-quietened conditions
• European futures are indicative of a firmer open with the Eurostoxx 50 future higher by 0.6%
• DXY traded sideways beneath 96.00. EUR/USD and GBP/USD hover around 1.13 and 1.35 respectively
• Microsoft shares recouped initial post-earnings losses to trade higher by 1.2% after-hours
• Looking...

• European bourses are firmer taking the lead from the resurgence in Wall St. trade that they failed to benefit from yesterday, Euro Stoxx 50 +0.7%.
• Stateside, US futures are pressured with the NQ (-1.4%) the current underperformer after yesterday's turnaround and as yields climb.
• DXY nudges further over 96.000 as hawkish FOMC expectations overshadow less supportive risk dynamics, safehavens and EUR underperform.
• Core bonds make way for partial recovery in risk sentiment, with yields elevated as such...

• All major US indices finished higher after having recovered from heavy intraday selling in what was a roller-coaster session.
• APAC markets were heavily pressured after yesterday's whirlwind session in the US. European futures point towards a firmer open.
• DXY traded steadily and held on to most of the prior day's gains just shy of the 96.00 status
• US Department of Defense spokesperson Kirby said 8,500 US personnel are ready to be activated to...

• All major US indices finished higher after having recovered from heavy intraday selling in what was a roller-coaster session.
• APAC markets were heavily pressured after yesterday's whirlwind session in the US. European futures point towards a firmer open.
• DXY traded steadily and held on to most of the prior day's gains just shy of the 96.00 status
• US Department of Defense spokesperson Kirby said 8,500 US personnel are ready to be activated to...

• Europe Stoxx 600 -2.3% on the session, as sentiment continues to deteriorate following a softer open/APAC handover.
• Pressure that has seen the NQ flip from the US outperformer to the underperformer, -0.5%.
• Dollar firmer as longs pare back from overextended long base ahead of the Fed and GS flags risks of the FOMC hiking at each meeting this year kicking off in March.
• Core debt climbs to new recovery highs amidst another downturn in risk appetite; BTPs in focus.
• Crude benchmarks are softer...

• APAC markets were mostly lower after the worst weekly performance on Wall St since the start of the pandemic
• US equity futures found some reprieve from Friday's losses; e-mini S&P +0.8%
• DXY heads into the European open on a firmer footing ahead of this week's FOMC meeting
• US Secretary of State Blinken warned a significant US response would be triggered if one more Russian force entered Ukraine in an aggressive...

• Major European bourses are pressured as the Wall St. rally faded and reverberated through APAC trade; although, the Stoxx 600 remains +0.5% on the week.
• US futures have been lifting off overnight lows, though the NQ continues to lag post-Netflix.
• Buck betwixt and between as USTs rebound, but risk aversion gathers momentum; antipodeans lag while Yuan outperforms post-PBoC SLFs.
• WTI and Brent March contacts remain pressured by the broader risk tone, with focus on geopolitics as Blinken & Lavrov...

• APAC markets traded lower amid wide-spread risk aversion after late Wall Street selling
• All major US indices declined after another failed relief rally; S&P 500 -1.1%
• Netflix shares dropped 20% after-hours on disappointing subscriber additions and forecasts
• DXY remained steadfast despite decline in yields. Antipodeans lag
• Looking ahead, highlights include UK Retail Sales, EZ Consumer Confidence, BoE's Mann; ECB's Lagarde,...

• US equity futures are firmer, ES +0.4%, picking back up from yesterday's pressure with the NQ +0.7% outperforming amid a pull-back in yields.
• Major bourses in Europe are softer, Euro Stoxx 50 -0.2%, in an indecisive morning; following eventual upside in APAC markets.
• Dollar drifts alongside Treasury yields; Aussie rules G10 roost; Pound retains post-UK inflation momentum but wary about further political upheaval.
• WTI and Brent front month futures are choppy intraday, spot gold/silver are contained,...

• Asian equity markets eventually traded mostly higher but with price action relatively choppy
• Major US indices (S&P 500 -1%, Nasdaq -1.2%) failed to sustain the early reprieve despite yields easing from pandemic highs
• European futures are indicative of a firmer open with the Eurostoxx 50 future higher by 0.3%
• PBoC reduced the 1-year Loan Prime Rate by 10bps and cut the 5-year LPR by 5bps
• DXY resides around the...

• European bourses are mixed but becoming increasingly upbeat as the pressure from the APAC/US handovers dissipates, Euro Stoxx 50 +0.6%; ES +0.3%, NQ +0.4%
• The DXY remains above, but within touching distance of, 95.50 with G10 peers firmer and antipodeans leading after ANZ's RBNZ OCR call
• Some UK Conservatives expect the no-confidence vote threshold for PM Johnson to be met today, today's PMQs and the expected Gray report in...

• Asian stocks followed suit to the losses on Wall St where all major indices declined, led by tech and growth; Nasdaq -2.6%
• European futures are indicative of a softer open with the Mar'22 Eurostoxx 50 future lower by 0.5%
• An explosion in Turkey forced the shutdown of the Iraq-Turkey crude oil pipeline which is Iraq’s largest crude oil export line
• Conservative MPs are reportedly confident they have enough votes to trigger a confidence vote in...

• Equities remain pressured in a continuation of the yield-inspired downside seen in APAC hours as the German 10yr yield nears 0.00%
• Overnight, the US yield briefly breached 1.85% but has since pulled back modestly though equities remain waylaid with NQ, -2.0%, continuing to underperform
• Oil remains elevated on supply-side factors while the DXY is firmer but yet to test 95.50 with peers modestly pressured
• BoJ maintained policy settings as...

• Asia-Pac stocks traded mixed with early optimism in the region soured by a resumption of the surge in US yields
• The US 10yr cash yield briefly topped 1.85%; US equity futures were softer across the board
• European futures are indicative of a softer open with the Eurostoxx 50 future lower by 0.4% after the cash market closed higher by 0.7% yesterday
• BoJ maintained policy settings as expected and reaffirmed its dovish...

MON: BoC Business Outlook Survey, Eurogroup Meeting, US Martin Luther King Jr. Day; Chinese Retail Sales/Industrial Output (Dec), GDP (Q4), EZ CPI Final (Dec), US Leading Index (Dec), Canadian Housing Price Index (Dec)

TUE: BoJ Policy Announcement, OPEC MOMR; Japanese Capacity Utilisation (Nov), UK Jobs Report (Nov), Claimant Count (Dec), German ZEW (Jan), Canadian Housing Starts (Dec), CPI (Dec), US NY Fed Manufacturing (Jan), NAHB (Jan)

WED: EIA OMR; Australian...

• MON: Italian Election; Japanese Manufacturing PMI Flash (Jan), EZ, UK, US Flash PMIs (Jan), German CPI Prelim. (Jan), US National Activity Index (Dec).
• TUE: NBH Policy Announcement; Australian NAB (Dec), German Import Prices (Dec), Ifo (Jan), EZ Consumer Confidence Final (Jan), Consumer Confidence (Jan), Richmond Fed (Jan), New Zealand Trade Balance (Dec).
• WED: FOMC & BoC Policy Announcements, BoJ SOO (Jan), India Republic Day, Australia Day; US New...

• Asian equity markets traded with a mild positive bias following the similar close last Friday on Wall Street
• Chinese GDP and industrial production exceeded expectations, whilst retail sales disappointed
• The PBoC reduced rates on its 1-year Medium-term Lending Facility and 7-day reverse repos by 10bps each
• European futures are indicative of a mildly firmer open with the Eurostoxx 50 future higher by 0.3%
• The USD is...

• European bourses are softer, Euro Stoxx 50 -0.9%, with newsflow minimal though benchmarks are off lows led by Oil & Gas given benchmark pricing
• US futures are contained/rangebound, ES +0.1%, ahead of US Retail Sales and Fed's Williams as the last scheduled pre-blackout speaker
• DXY remains pressured but fairly contained with peers mixed while debt dips lifting yields; however, US/German 10yr yields remain shy of recent peaks
• Chinese trade...