European bourses are mostly higher as sentiment improves after the prior day’s hefty selling pressure; US futures entirely in the green, with clear outperformance in the RTYDollar is flat ahead of today’s US PCE, safe havens lag whilst the Antipodeans gain in a slight reversal from price action this weekUSTs are rangebound, EGBs softer with European specifics-lightCrude is incrementally softer and just off best levels, XAU gains alongside base metalsLooking ahead, US PCE, Earnings from 3M, Aon & Bristol-MyersRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mostly higher as risk sentiment in Asia improved with markets finding some composure following the recent sell-off and with some encouragement from stronger-than-expected US GDP data.Morgan Stanley commented to institutional clients on Thursday that computer-driven macro hedge fund strategies on Wednesday sold USD 20bln in equities and are set to shed at least USD 25bln over the next week after the stock rout, in one of the largest risk-unwinding events in a decade, according to Reuters.Israel is seeking changes to a plan for a Gaza truce and the release of hostages by Hamas which complicates a final deal, according to sources cited by Reuters.UK Chancellor Reeves is expected to reveal a GBP 20bln hole in government spending for essential public services on Monday, paving the way for potential tax rises in the autumn budget, according to The Guardian.European equity futures indicate a slightly positive open with Euro Stoxx 50 futures up 0.1% after the cash market finished with losses of 1.0% on Thursday.Looking ahead, highlights include German Import Prices, Spanish Retail Sales, Italian Business Manufacturing Confidence, US PCE, ECB SCE, Earnings from Holcim, Capgemini, Air Liquide, Mercedes-Benz, Wacker Chemie, BASF, NatWest, 3M, Aon & Bristol-Myers.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are entirely in the red after a slew of poor earnings; US equity futures are mixed and currently taking a breather from the prior day’s hefty lossesDollar is weaker vs safe haven currencies, whilst the high beta Antipodeans continue to lagBonds benefit from the risk-averse mood, Bunds took a leg higher following weaker-than-expected German Ifo dataCrude is at lows, XAU back below USD 2400/oz & base metals slumpLooking ahead, US Durable Goods, GDP Advance (Q2), PCE Prices Advance (Q2), US IJC, ECB President Lagarde, Supply from the US, Earnings from AbbVie & Willis TowersRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were negative following the sell-off on Wall St where the S&P 500 and Nasdaq suffered their worst declines since late-2022.The PBoC surprised markets with a 20bps reduction to the 1yr MLF rate.European equity futures indicate a lower open with Euro Stoxx 50 futures down 0.5% after the cash market finished with losses of 1.1% on Wednesday.DXY is softer vs. havens (JPY and CHF) but firmer against the Antipodeans; extension of yesterday's price action.Looking ahead, highlights include German Ifo, US Durable Goods, GDP Advance (Q2), PCE Prices Advance (Q2), US IJC, ECB President Lagarde, Supply from Italy & USEarnings from BE Semiconductor, Roche, Julius Baer, Nestle, Lonza, Sanofi, STMicroelectronics, Hermes, Vivendi, Vinci, EssilorLuxottica, Stellantis, TotalEnergies, Dassault Systemes, IG, Anglo American, Lloyds, AstraZeneca, ITV, Vodafone, Unilever, AbbVie & Willis Towers.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Equities are entirely in the red, hampered by significant post-earning weakness in key companies; LVMH -3.5%, Google -3.2%, Tesla -7.4%Dollar is flat, safe haven pairs outperform, USD/JPY around 154.50, Antipodeans lagUSTs are flat, Bunds initially propped up on dire German/EZ PMI releases but are now off best levelsCrude gains, XAU is incrementally firmer and base metals are mixedLooking ahead, US Flash PMIs, US Advance Goods Trade Balance, BoC Policy Announcement & MPR, Comments from ECB’s de Guindos & Lane, Fed’s Bowman, BoC's Macklem & Rogers Supply from the US, Earnings from AT&T, CME, Thermo Fisher, Ford, IBM, Newmont, ServiceNow & General DynamicsRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mostly rangebound with a negative bias seen following the lacklustre handover from Wall Street after risk appetite was dampened by underwhelming earnings results.Alphabet (GOOG), Tesla (TSLA), and Visa (V) fell 2.2%, 7.8%, and 3.3% respectively post-earnings, whilst CAC futures slipped following LVMH (MC FP) numbers yesterday.Reuters/Ipsos poll showed US Vice President Kamala Harris leads Republican candidate Donald Trump 44% to 42% among registered voters, within a 3-point margin of error.European equity futures indicate a lower open with Euro Stoxx 50 futures down 0.6% after the cash market finished with gains of 0.4% on Tuesday.Looking ahead, highlights include EZ, UK, US Flash PMIs, German GfK Consumer Sentiment, US Advance Goods Trade Balance, BoC Policy Announcement & MPR, Comments from ECB’s de Guindos & Lane, Fed’s Bowman, BoC's Macklem & Rogers Supply from UK, Germany & US, Earnings from AT&T, CME, Thermo Fisher, Ford, IBM, Newmont, ServiceNow & General Dynamics.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are mostly higher whilst US futures are mixed, with underperformance in the NQ following poor NXP (-9%) earnings.Dollar is softer vs the JPY but firmer vs other peers, USD/JPY as low as 155.83.USTs are caged within a tight range, Bunds are slightly firmer and surpasses 132.00 whilst Gilts lag.Crude is choppy and trading on either side of the flat mark, XAU benefits from news that India is to reduce import tax on gold bars and silver bars to 6%; base metals are mostly softer.Looking ahead, EU Consumer Confidence, US Richmond Fed Index, CBRT & NBH Policy Announcement, Supply from the US, Earnings from Alphabet, Tesla, Visa, Coca-Cola, General Motors, Philip Morris & Spotify.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mixed and only partially sustained the momentum from the tech-led rebound on Wall St.US VP Harris's campaign secured enough delegates to attain the Democratic Presidential nomination.European equity futures indicate a mildly higher open with Euro Stoxx 50 futures up 0.2% after the cash market finished with gains of 1.5% on Monday.USD is mixed vs. peers, JPY is the best performer across the majors, EUR/USD is sub-1.09.Looking ahead, highlights include EU Consumer Confidence, US Richmond Fed Index, CBRT & NBH Policy Announcement, ECB’s Lane, Supply from UK, Germany, US, Earnings from Alphabet, Tesla, Visa, Coca-Cola, General Motors, Philip Morris & Spotify.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European equities are entirely in the green and reside near session highs; US futures are modestly firmer with slight outperformance in the NQ.US President Biden has dropped out of the Presidential race and endorsed VP Harris.Dollar is flat, JPY outperforms after catching a bid in early European trade, whilst the Antipodeans lag after disappointing stimulus efforts by the PBoC.USTs are flat and unreactive to Biden dropping out of the election, Bunds slip below 132.00.Crude holds around the unchanged mark, XAU is flat and trades on either side of USD 2400/oz & base metals are mixed.Looking ahead, highlights include a light calendar and a lack of pertinent releases.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US President Biden has dropped out of the Presidential race and endorsed VP HarrisPBoC surprised markets by cutting its 7-day reverse repo rate by 10bpsAPAC stocks mostly began the week on the back foot after last Friday's selling pressure on Wall StEuropean equity futures indicate a higher open with Euro Stoxx 50 futures up 0.5% after the cash market finished lower by 0.9% on FridayDXY is steady and in a tight range, EUR/USD sits on a 1.08 handle, antipodeans lagLooking ahead, highlights include German Retail SalesRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Equities are entirely in the red, with sentiment hit amid ongoing worldwide IT outages, sparked by CrowdStrike (-14%) updates, which have impacted Microsoft (-2.2%) and Nvidia (-1%) services.Dollar is firmer, G10s are mostly lower, with slight underperformance in the Antipodeans given the risk tone, GBP slips post-Retail Sales.Bonds are pressured and trading within a tight range, having initially been boosted by the broader risk aversionCrude has clambered off worst levels and now trades flat, XAU continues to dip off recent highs and base metals are lowerLooking ahead, Canadian Producer Prices & Retail Sales, Comments from Fed’s Williams & Bostic, Earnings from American Express, SLB & TravelersRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks mostly followed suit to the losses on Wall St where sentiment was dampened and the Trump trade was seen in play as President Biden's re-election chances dwindled further.Chinese senior party official for economic affairs said China's economic recovery is not strong enough and needs to implement macro policies more effectively.Several people close to US President Biden reportedly said they believe he has begun to accept the idea that he may have to drop out of the presidential race, although this was later refuted by the campaign co-chair; Biden reportedly asked for polling on how VP Harris would do.ECB officials reportedly consider if only one more cut is feasible in 2024, according to Bloomberg citing people familiar with the matter. The report noted that as inflation pressures still linger.Looking ahead, highlights include German Producer Prices, UK Retail Sales, Canadian Producer Prices & Retail Sales, Comments from Fed’s Williams & Bostic, and Earnings from American Express, SLB & Travelers.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European equities are choppy, Tech is lower in Europe and fails to benefit from strong TSMC earnings & guidance, but has helped to lift the NQDollar is firmer, AUD benefits on the region’s jobs data, GBP back below 1.30 post-wagesBonds are pressured ahead of the ECB; Bunds saw two-way action around the French & Spanish auctionsCrude erases initial strength, XAU incrementally firmer and base metals are mixedLooking ahead, US IJC, Philly Fed, ECB & SARB Policy Announcement, Comments from ECB President Lagarde, Fed’s Logan, Daly & Bowman, Earnings from Abbott Labs, Blackstone, & Netflix.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks followed suit to the tech rout stateside owing to the recent rotation play, concerns of China tech curbs and tariff fears.European equity futures indicate a slightly softer open with Euro Stoxx 50 futures down 0.1% after the cash market finished lower by 1.1% on Wednesday.DXY remains on a 103 handle, EUR/USD holds onto 1.09 status and Cable is testing support at 1.30.CNN quoted a senior adviser stating that US President Biden is now more receptive to calls for him to withdraw.Looking ahead, highlights include include UK Employment, US IJC, Philly Fed, ECB & SARB Policy Announcement, Comments from ECB President Lagarde, Fed’s Logan, Daly & Bowman, Supply from Japan, Spain, France & US, Earnings from Volvo AB, IDS, Ubisoft, Abbott Labs, Blackstone, TSMC & NetflixRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European equities almost entirely in the red with sentiment hit following ASML earnings; results which has led to significant NQ weaknessDollar is weaker and slips to 103.70, carry trade unwinding seen with significant strength in JPY & CHF, GBP climbs past 1.30Fixed complex is rangebound, with Bunds underpinned but USTs capped near Tuesday’s best into supplyCrude is incrementally firmer, initially catching a bid amid the weaker Dollar, a move which also helped to prop up XAULooking ahead, US Industrial Production & Building Permits, Comments from Fed's Barkin & Waller, Supply from the US, Earnings from Johnson & Johnson, US Bancorp & United Airlines.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mixed despite the positive handover from Wall St, while China trade frictions and tariff threats clouded over Asia-Pac sentiment.NZD/USD was ultimately boosted despite the softer-than-expected New Zealand CPI data for Q2 as the attention turned to the 5.4% surge in non-tradeable consumer inflation; DXY struggled for direction.Former President Trump said the Fed should abstain from cutting rates before the November election and wants to bring the corporate tax rate to as low as 15%, while he suggested 60%-100% tariffs on China.European equity futures indicate a flat open with Euro Stoxx 50 future unchanged, although fleeting upticks were seen after ASML topped Revenue, Net Income, and Bookings forecasts.Looking ahead, highlights include UK CPI, PPI, EZ HICP (F), US Industrial Production & Building Permits, Comments from Fed's Barkin & Waller, Supply from UK, Germany & US, Earnings from ASML, Johnson & Johnson, Elevance Health, US Bancorp & United AirlinesClick for the Newsquawk Week Ahead.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European equities are entirely in the red; US futures gain, and with clear outperformance in the RTYUSD gains vs NZD, AUD & JPY, EUR/USD reclaims 1.09 and USD/JPY holds around 158.40Bonds are higher following Fed Chair Powell's comments and with yields unwinding some of their Trump-induced steepeningCrude resides at session lows, XAU gains and eyes its ATH and base metals are mostly lowerLooking ahead, US Import Prices, Retail Sales, Canadian CPI, Retail Sales, New Zealand CPI, US Republican Convention, Comments from Fed’s Kugler, Earnings from Bank of America, Morgan Stanley, UnitedHealth & Charles SchwabRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mixed amid a quiet calendar and after the choppy but positive performance stateside.Fed Chair Powell acknowledged more inflation progress and that recent inflation readings added confidence in inflation falling.European equity futures indicate a softer open with Euro Stoxx 50 future -0.3% after the cash market closed down by 1.2% on Monday.DXY is marginally higher with the USD mainly firmer vs. JPY, AUD and NZD, EUR/USD hovers just below 1.09.Looking ahead, highlights include German ZEW, ECB Bank Lending Survey, US Import Prices, Retail Sales, Canadian CPI, Retail Sales, New Zealand CPI, US Republican Convention, Comments from Fed’s Kugler, Supply from UK & Germany, Earnings from Richemont, Bank of America, Morgan Stanley, UnitedHealth & Charles Schwab.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are mostly lower, but sentiment has improved in recent trade; Burberry -15% and Swatch -10% both warn on China weakness; US equity futures gainDollar is subdued but still holds just above 104.00, EUR/USD at 1.09 & the Kiwi lagsBonds were initially subdued in reaction to the assassination attempt on former President Trump, pressure which has since paredCrude is choppy and modestly higher, XAU holds onto USD 2400/oz, Bitcoin soars past USD 62kLooking ahead, US NY Fed Manufacturing, Canadian Wholesale Trade, Comments from Fed Chair Powell & Daly. Earnings from BlackRock & Goldman SachsRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mixed as participants reflected on the Trump assassination attempt over the weekend and a slew of Chinese data.Chinese GDP and Retail Sales missed forecasts, while House Prices further deteriorated but Industrial Production topped estimates.European equity futures indicate a negative open with Euro Stoxx 50 future -0.6% after the cash market closed up by 1.3% on Friday.Initial strength in DXY faded, EUR/USD sits on a 1.08 handle, Cable has stalled ahead of 1.30.Looking ahead, highlights include EZ Industrial Production, US NY Fed Manufacturing, Canadian Wholesale Trade, Comments from Fed Chair Powell & Daly, Supply from AustraliaRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are entirely in the green, US futures are mixed with the ES and NQ flat whilst the RTY continues to outperformDollar is flat having erased earlier gains, USD/JPY back below 160 after choppy trade overnightBonds are pressured giving back some of the post-CPI strengthCrude is firmer and resides near session highs, XAU lower and base metals are mixedLooking ahead, US PPI, Uni. of Michigan Prelim., Earnings from BNY Melon, JPMorgan, Wells Fargo, CitiRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks took their cues from the mixed performance stateside where softer-than-expected CPI data boosted Fed rate cut bets and spurred a stock rotation out of large-cap tech into small-cap cyclicals.DXY found some slight reprieve following yesterday's selling, USD/JPY swung between gains and losses in volatile trade; Nikkei said the BoJ likely conducted rate checks in EUR/JPY today.Fed's Daly (voter) said it is likely some policy adjustments will be warranted and recent inflation prints are a relief but progress is bumpy, while she stated that every meeting is live.The Biden campaign is quietly assessing the viability of Vice President Harris' candidacy against Donald Trump in a new head-to-head poll, according to MSNBC.European equity futures indicate a mildly softer open with Euro Stoxx 50 future -0.1% after the cash market closed up by 0.4% on Thursday.Looking ahead, highlights include Swedish CPIF, US PPI, Uni. of Michigan Prelim., Earnings from BNY Melon, JPMorgan, Wells Fargo, Citi & Ericsson.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are entirely in the green whilst US futures take a breather from the prior day’s advancesDollar is incrementally softer, GBP benefits from the region’s strong GDP metricsBonds are flat/lower, with Treasuries standing pat as focus remains on US CPI, Gilts marginally underperformCrude is incrementally higher, having pared overnight gains; XAU at session highs and base metals are mixedLooking ahead, US CPI, IJC, Comments from Fed’s Bostic & Musalem, Supply from the US, Earnings from PepsiCo & Delta AirlinesRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks took impetus from Wall St where the S&P 500 and Nasdaq rose to fresh record highs once again.European equity futures indicate a mildly positive open with Euro Stoxx 50 future +0.2% after the cash market closed up by 1.1% on Wednesday.DXY sits just below the 105 mark, antipodeans lead, Cable has held onto recent gains and USD/JPY continues to edge higher.BoE's Mann said that wage growth is still far away from being consistent with the inflation target.Looking ahead, highlights include UK GDP, US CPI, IJC, Comments from Fed’s Bostic & Musalem, Supply from UK, US & Italy.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Equities are entirely in the green and hold near session highsDollar is flat and just above 105, NZD underperforms after the RBNZ kept rates unchanged but language struck a less hawkish toneBonds are firmer ahead of US 10yr supply and another appearance from Chair PowellCrude was initially subdued following Chinese inflation data, but caught a bid on geopolitical headlines; XAU is incrementally firmerLooking ahead, Comments from Fed’s Powell & Goolsbee and BoE’s Pill & Mann, Supply from the USRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mixed following the indecisive performance stateside where the major indices finished rangebound after Fed Chair Powell largely stuck to the script.DXY traded rangebound, USD/JPY continued its gradual upward trend, NZD was pressured after RBNZ, and CNY did not react to softer-than-expected Chinese CPI.RBNZ unsurprisingly maintained the OCR at 5.50% although its language was less hawkish as it added that the extent of restraint will be tempered over time.European equity futures indicate a mildly positive open with Euro Stoxx 50 future +0.2% after the cash market closed down by 1.3% on Tuesday.Looking ahead, highlights include Chinese Loans, Financing & M2 Money Supply, Norwegian CPI, BoJ Meeting with Bond Market Participants, Comments from Fed’s Powell, Goolsbee & BoE’s Pill, and Supply from Germany & US.Click for the Newsquawk Week Ahead.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European equities are mostly lower, US futures are modestly in the green ahead of Fed Chair Powell’s testimonyDollar is flat and G10s are uneventful vs the Dollar, though the Kiwi lagsBonds are lower, with focus today on Fed Chair Powell and US 3yr supplyCrude is subdued and near session lows, XAU nurses recent lossesLooking ahead, NFIB Business Optimism Index, Comments from Fed’s Powell, Barr & Bowman, Supply from the USRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mixed as the region only partially sustained the positive mood seen in the US where the S&P 500 and Nasdaq 100 extended on record highs.European equity futures indicate a lower open with Euro Stoxx 50 future -0.2% after the cash market closed down by 0.2% on Monday.DXY lingers around the 105 mark, USD/JPY eyes 161 to the upside with FX markets broadly contained.Hamas said Israel's PM Netanyahu is placing hurdles in front of ceasefire negotiations.Looking ahead, highlights include NFIB Business Optimism Index, BoJ Meeting with Bond Market Participants, Comments from ECB's Cipollone, Fed’s Powell, Barr & Bowman, Supply from Netherlands & US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are entirely in the green, paring initial losses as markets digest the fallout from the French second-round parliamentary electionFrench second-round election results pointed to a hung parliament in which the left-wing New Popular Front surprisingly won the most seats followed by Macron's centrists and with the far-right National Rally in third placeDXY is incrementally softer & EUR scales back initial French-induced lossesBonds are incrementally softer, with USTs underperforming; OATs initially gapped lower but now towards session highsCrude is subdued and at lows, XAU slips and base metals are flat/mixed, recovering overnight lossesLooking ahead, Comments from BoE’s HaskelRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mostly lower as the region failed to resume the momentum from last Friday's dovish post-NFP reaction, while the weekend macro news flow was light aside from the French election results.EUR/USD was mildly pressured after the French second-round election results pointed to a hung parliament in which the left-wing New Popular Front surprisingly won the most seats followed by Macron's centrists and with the far-right National Rally in third place.European equity futures indicate a flat open with Euro Stoxx 50 future unchanged after the cash market closed down by 0.2% on Friday.WSJ's Timiraos said on Friday that the June jobs report creates a more interesting series of risk management questions for the Fed and that officials have downplayed trade-offs so long as employment growth was running above expectations.Looking ahead, highlights include German Trade Balance, EZ Sentix, Comments from BoE’s Haskel & Earnings from Repsol.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses have been tilting higher with the region benefitting from the removal of some political risk in the UK, Germany & FranceStateside, futures pivoting the unchanged mark into PayrollsFX has seen a slightly softer start for the USD, weighed on by EUR & GBP; USD/JPY slips to near 160.50Fixed benchmarks generally firmer but only modestly so, EGBs unreactive to data and German fiscal updatesCrude benchmarks near the unchanged mark, metals generally firmerLooking ahead, highlights include US & Canadian Jobs Reports. Comments from ECB's Lagarde & Elderson.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded somewhat mixed in the absence of a lead from the US owing to the Independence Day holiday. There was also a lack of fireworks from the UK election exit polls, with the latest results showing that the Labour Party has won a majority as expected.  DXY briefly dipped under 105 with quiet macro newsflow ahead of NFP, GBP/USD traded flat within a tight 1.2755-72 range, and USD/JPY slid beneath the 161.00 level with early pressure seen heading into the Tokyo fix. European equity futures indicate a quiet open with Euro Stoxx 50 futures +0.1% after the cash market closed higher by 0.4%. FTSE 100 futures rose 0.2%. Bitcoin slumped to below the USD 54,500 level after failing to hold on to the USD 57,000 status earlier in the session; CoinDesk cited crypto exchange Mt. Gox moving USD 2.6bln worth of Bitcoin from its cold wallet. Looking ahead, highlights include German Industrial Output, Italian Retail Sales, EZ Retail Sales, US & Canadian Jobs Reports, and Comments from Fed's Williams, ECB's Lagarde & Elderson.Click for the Newsquawk Week Ahead.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mostly higher as the region followed suit to the gains on Wall Street where the S&P 500 and the Nasdaq notched fresh record closes once again heading into US Independence Day.Fed Minutes stated that most saw the current policy stance as restrictive and several participants said if inflation were to persist at an elevated level or rise further, the Fed Funds Rate might need to be raised, while a number of participants said that policy should stand ready to respond to unexpected economic weakness.DXY lacked direction after recently softening amid a slew of weak data, USD/JPY slightly eased back from near its 38-year peak. GBP/USD was steady overnight as the UK heads to the polls.The final YouGov poll for the UK General Election put Labour on 39% vs Conservatives on 22%. The final FT poll tracker put Labour on 39.7% vs Conservatives on 20.5%.European equity futures indicate a quiet open with Euro Stoxx 50 future flat after the cash market closed higher by 1.2% on Wednesday.Looking ahead, highlights include German Industrial Orders, Swiss CPI, UK General Election (exit poll 22:00BST), BoE DMP, Comments from ECB's Lane & Cipollone, and Supply from Spain & France.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are higher across the board as the region catches up to the Wall St. handover and continues generally strong APAC performanceDXY under pressure and holding near the 105.59 low with peers generally firmer as the USD continues to feel the weight of Powell's remarks and looks to the mentioned data delugeOAT-Bund 10yr yield spread has narrowed to below 68bps at best, though is still circa. 20bps above pre-election levels; largely unreactive to PMIsCrude benchmarks began the session firmer after the private data on Tuesday, though they have since waned; metals generally supportedLooking ahead, highlights include US Final PMIs, US ADP, IJC, Challenger, Factory Goods, ISM Services, FOMC Minutes, NBP Policy Announcement, US Refunding (3,10,30yr), Comments from Fed's Williams, ECB's Lane, Lagarde, de Guindos & Knot, Earnings from Constellation Brands.Click for the Newsquawk Week AheadRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks mostly took impetus from the gains on Wall St where the S&P 500 and Nasdaq posted record closes.European equity futures indicate a firmer open with Euro Stoxx 50 future +0.5% after the cash market closed lower by 0.5% on Tuesday.DXY remains sub-106, EUR/USD has pivoted around the 1.0750 mark, USD/JPY is in close proximity to its multi-decade high.Bunds have edged mild gains, oil futures were supported by a large draw in private crude inventories.Looking ahead, highlights include EZ, UK & US Final PMIs, US ADP, IJC, Challenger, Factory Goods, ISM Services, FOMC Minutes, Riksbank Minutes, NBP Policy Announcement, Fed's Williams, ECB's Lane, Lagarde, de Guindos, Cipollone & Knot, Supply from Germany.Note, US markets will close early ahead of the Independence Day holiday. Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses pressured despite a lack of fresh drivers with US futures softer ahead of Chair PowellDXY firmer and above 106.00, USD/JPY hit another peak of 161.75, EUR unreactive to HICPEGBs slipped incrementally on sticky super-core EZ HICP but remain near the unchanged mark overall, USTs slightly firmerCrude continues to climb while XAU pivots its 21-DMA and base metals lift marginallyECB's Lane said conditions around France are not disorderly, added that July is a live meetingLooking ahead, highlights include Canadian Manufacturing PMI, US JOLTS, Comments from Fed's Powell, ECB's Lagarde, Schnabel, BCB's NetoClick for the Newsquawk Week AheadRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were ultimately mixed amid the backdrop of rising global yields and recent soft US data.European equity futures indicate a slightly lower open with Euro Stoxx 50 future -0.2% after the cash market closed higher by 0.7% on Monday.DXY is steady and just below the 106 mark, USD/JPY printed another multi-decade high, antipodeans lag.Crude futures marginally extended on their best levels in more than two month, Bunds rebounded off the prior day's trough.Looking ahead, highlights include EZ Flash HICP, Canadian Manufacturing PMI, US JOLTS, Comments from Fed's Powell, ECB's Lagarde, Schnabel, de Guindos & Elderson, BCB's Neto, Supply from UK & GermanyRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

French Election 1st round saw National Rally make significant gains but the odds of another hung parliament have likely increasedSparking outperformance in French-related assets with OATs, CAC 40 & EUR all supported, though the magnitude of this has trimmed into another week of political uncertainty and a still challenging fiscal backdropUS futures generally firmer but with some slight pressure in chip names led by NvidiaEUR the FX outperformer weighing on DXY, USD/JPY holds above 161.00Fixed benchmarks in the red, initial OAT strength has faded with the OAT-Bund spread narrowing on the open to 72bps before re-widening modestly to 75bpsCrude bid across the board, precious metals mixed while base peers track the broad toneLooking ahead, highlights include US Manufacturing Final PMI (June), German Prelim. CPI, US ISM Manufacturing PMI, Comments from ECB’s Lagarde & Fed’s WilliamsRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

France’s far-right won the first round of the French parliamentary election, according to estimates. However, expectations are mixed over whether they will secure a majority. EUR is the best performing currency across the majors and OATS are firmer by circa 16 ticks and CAC 40 future +1.1%, with some citing relief over the potential lack of majority for Le Pen.European equity futures indicate a higher open with Euro Stoxx 50 future +1.4% after the first round of the French parliamentary election, while the cash market closed lower by 0.2% on Friday.APAC stocks began the new quarter somewhat varied as participants digested key data releases.Official Chinese Manufacturing PMI remained in contraction territory, Non-Manufacturing missed estimates, but Caixin Manufacturing PMI topped forecasts to print its highest in three years.Looking ahead, highlights include EZ, UK & US Manufacturing Final PMI (June), German Prelim. CPI, US ISM Manufacturing PMI, Comments from ECB’s Lagarde & Fed’s WilliamsRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Price action in European equities has been choppy, but are ultimately mostly firmer; US futures are modestly firmer ahead of US PCEFrench assets underperform ahead of Sunday’s legislative elections; CAC 40 -0.4%, OATs -31 ticks, OAT-Bund yield spread above 84bpsDollar is flat after initially being boosted by JPY weakness & post-presidential debateBonds are subdued following the Presidential debate which saw the odds of a Trump victory inch higherCrude is firmer and towards session highs, XAU is flat whilst base metals gainLooking ahead, US PCE, Canadian GDP, Comments from Fed’s Barkin & BowmanRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

67% of respondents said Trump won the Presidential debate; 81% of registered voters who watched said it had no effect on their choice, 5% said it made them change their mind, via CNN.APAC stocks mostly higher heading into month-, quarter-, & half-end and following the positive US handover as attention turns to PCE.DXY strengthened as the betting odds of a Trump second term got boosted marginally, support also from USD/JPY eclipsing 161.00Fixed income slips with yields climbing and the US yield curve steepening into PCECrude extended on Thursday's gains with base metals benefitting on the risk tone while XAU eased marginallyLooking ahead, highlights include UK Final Q1 GDP, German Import Prices, Retail Sales & Unemployment Rate, French, Spain & Italian CPI, US PCE, Canadian GDP, Comments from Fed’s Barkin & Bowman.Click for the Newsquawk Week Ahead.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are mixed whilst US futures are modestly in the red; Micron -5.5% after its resultsDollar is slightly softer, Antipodeans outperform & USD/JPY holds around 160.50Bonds are modestly softer in a continuation of the prior day’s lossesCrude & XAU benefit from the softer Dollar, whilst base metals remain subduedLooking ahead, US IJC, Durable Goods, GDP & PCE Q1 (Final), Banxico Policy Announcements, Biden-Trump debate, Comments from ECB's Elderson, Supply from the US, Earnings from Nike & WBARead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were negative amid this week's choppy tech performance with headwinds from higher yields.Fed Bank Stress Tests showed all banks passed, which paves the way for higher payouts.European equity futures indicate a lower open with Euro Stoxx 50 future -0.2% after the cash market closed lower by 0.4% on Wednesday.DXY pulled back below the 106 mark, USD/JPY remains above 160 and EUR/USD is stuck on a 1.06 handle.Looking ahead, highlights include EZ Consumer Confidence (Final), US IJC, Durable Goods, GDP & PCE Q1 (Final), Riksbank & Banxico Policy Announcements, Biden-Trump debate, Comments from RBA's Hauser & ECB's Elderson, Supply from Italy & US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses higher across the board following the tech-led upside on Wall St, sectors mostly in the green though Autos lag on VolkswagenUS futures firmer but only modestly so, awaiting Micron earnings after-hours; FedEx and Rivian bid in the pre-marketUSD/JPY breached 160.00; bringing the April 29th peak into view, a session which saw intervention and a large pullback in the pairDXY robust to the detriment of peers, Aussie outperforms after hot CPI which has raised the odds of a August hikeFixed softer given the tone and awaiting supply; Commodities initially contained though crude has extended in recent tradeLooking ahead, highlights include Fed Bank Stress Test, Comments from ECB’s Rehn, Panetta & Lane, Supply from the US, Earnings from Micron, Paychex & General MillsRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks followed suit to the mixed performance stateside where tech rebounded as Nvidia snapped its losing streak.European equity futures indicate a firmer open with Euro Stoxx 50 future +0.5% after the cash market closed lower by 0.2% on Tuesday.DXY is caged in a tight range on a 105 handle, AUD boosted post-CPI, EUR/USD sits just above the 1.07 level.Australian monthly CPI data saw markets price around a 33% probability for an RBA hike at the August meeting vs around 12% pre-release.Looking ahead, highlights include German Gfk Consumer Sentiment, Fed Bank Stress Test, Comments from ECB’s Rehn, Panetta & Lane, Supply from UK & USRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are hit following updates from Airbus and Merck; US futures mixed, with the NQ leading as NVDA (+2.2%) finds its footingDollar is flat, with G10 price action also lacklustre in catalyst-thin tradeBonds are contained awaiting impetus from US data and a 2yr auctionCrude is modestly softer benefiting from Dollar price action, base metals are generally higherLooking ahead, US Philly Fed Nonmanufacturing Business Outlook Survey, US Richmond Fed Index, Canadian CPI, Comments from Fed’s Cook & Bowman, Supply from the US, Earnings from CarnivalRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mostly positive but with some of the gains capped following the tech underperformance on Wall Street.Nvidia (-6.5%) suffered a third consecutive day of losses and was down 13% from its peak last week.European equity futures indicate a weaker open with Euro Stoxx 50 future -0.3% after the cash market closed higher by 0.9% on Monday.DXY is lacklustre with FX markets broadly contained, USD/JPY remains sub-160.Looking ahead, highlights include US Philly Fed Non-manufacturing Business Outlook Survey, US Richmond Fed Index, Canadian CPI, Comments from Fed’s Cook & Bowman, Supply from UK, Italy, Germany & US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Equities are entirely in the green, benefiting from a pick-up in sentiment in the European sessionDollar is softer, EUR is the G10 outperformer, but was initially pressured post-German Ifo, USD/JPY around 159.60Bonds are mixed with USTs contained, whilst Bunds slip to session lowsCrude is incrementally firmer, XAU/base metals benefit from Dollar weaknessLooking ahead, US Dallas Fed Manufacturing Business Index, Comments from ECB’s Schnabel, BoC Governor Macklem, Fed’s Waller, Goolsbee & DalyRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were predominantly subdued heading closer to month-end and US PCE data later in the weekDXY rangebound just below 106.00, G10 peers generally contained with JPY subject to fresh jawboningFixed income contained into today's German data and ECB speak; JGB futures softerCrude lacklustre with specific lights and unreactive to Netanyahu's latest remarksChina and the EU have agreed to hold consultations on EV tariffsLooking ahead, highlights include German Ifo Business Survey, US Dallas Fed Manufacturing Business Index, Comments from ECB’s Schnabel, BoC Governor Macklem, Fed’s Waller, Goolsbee & DalyClick for the Newsquawk Week Ahead.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Equities are subdued amid a broader risk aversion following the downbeat EZ PMI dataFrance, Germany and the EZ-wide figure all reported lower-than-expected PMI data, which has led to outperformance in Bunds and slight pressure in the EURDollar is incrementally firmer, USD/JPY went as high as 159.12 before paring back towards 158.80 following the European dataCrude is rangebound, base metals suffer from the subdued risk toneLooking ahead, US Manufacturing & Services PMI, Canadian Retail Sales, ECB’s Schnabel, and quad-witchingRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mostly rangebound with sentiment subdued after the lacklustre handover from Wall St where tech underperformed, and risk appetite was sapped.DXY took a breather but held on to the prior day's spoils after strengthening on firmer yields despite soft data; USD/JPY briefly rose above 159.00.10-year UST futures remained lacklustre after weakening yesterday; Bund futures were kept afloat after rebounding from support near the 132.00 level.European equity futures indicate a flat/slightly firmer open with Euro Stoxx 50 futures +0.1% after the cash market closed higher by 1.3% on Thursday.Looking ahead, highlights include French, German, UK, EZ, US Manufacturing & Services PMI, Canadian Retail Sales, ECB’s Schnabel, and quad-witching.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Equities in the green and Tech leads in Europe; NQ outperforms, lifted by pre-market gains in NVDA +2.7%Dollar is firmer, CHF sinks after the SNB cut rates by 25bps, GBP slightly softer ahead of the BoEBonds are softer, Bunds initially lifted post-SNB but has since pared, French auction passes without issueCrude is incrementally firmer, base metals gain amid a generally positive risk toneLooking ahead, US IJC & Philly Fed Index, BoE Policy Announcement, Comments from Fed’s Barkin & Kashkari, Earnings from Accenture & KrogerRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were subdued in rangebound trade amid a lack of catalysts and following the US holiday lull.European equity futures indicate a firmer open with Euro Stoxx 50 future up 0.3% after the cash market closed higher by 0.7% on Wednesday.DXY is steady on a 105 handle with FX markets broadly contained, Cable holds above 1.27 ahead of the BoE announcement.Bunds are lower, whilst crude markets are contained after WTI hit resistance around USD 81/bbl.Looking ahead, highlights include US IJC & Philly Fed Index, SNB, Norges & BoE Policy Announcements, Comments from SNB's Jordan, Norges Bank Governor Bache, Fed’s Barkin & Kashkari, Supply from Spain, France & USRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US stocks inched higher in rangebound trade, APAC stocks mainly positive with Hang Seng outperformanceEuropean futures point to a contained open, after the cash market closed higher by circa. 0.7%DXY contained after the deluge of Fed remarks, peers rangeboundCrude and spot gold largely sideways while base metals benefited from the constructive US toneIsrael's military said operational plans for an offensive in Lebanon were approved and validatedHoliday: US Juneteenth; The desk will shut at 18:00BST/13:00EDT and re-open the same day for the beginning of Asia-Pac coverage at 22:00BST/17:00EDT.Highlights include UK CPI, PPI, South Africa CPI, NZ GDP, BoC Minutes, Supply from Germany.Click for the Newsquawk Week Ahead.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are entirely in the green whilst US futures are mixedDollar is firmer, AUD gains post-RBA and USD/JPY holds above 158.00Softer session for fixed thus far, Bunds initially boosted by ZEW but slipped on a poor German outingCrude is slightly softer, hampered by the softer Dollar; XAU containedLooking ahead, US Retail Sales & Industrial Production, NBH Policy Announcement, Comments from ECB’s Cipollone & de Guindos, Fed’s Barkin, Collins, Logan, Kugler, Musalem & Goolsbee & US supplyRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks took impetus from the gains in the US where the S&P 500 and the Nasdaq notched record highsDXY steady, AUD unreactive to RBA while the JPY was unphased by UedaRBA rate decision where the central bank kept rates unchanged and reiterated the Board remains resolute in its determination to return inflation to the target and it is not ruling anything in or out.Fixed benchmarks nursed some of Monday's pressure but were largely rangebound into numerous Fed speakersCrude paused for breath after its geopolitical rallyLooking ahead, highlights include German ZEW, EZ HICP (F), US Retail Sales & Industrial Production, NBH Policy Announcement, Comments from RBA’s Bullock, RBNZ's Conway, ECB’s Cipollone & de Guindos, Fed’s Barkin, Collins, Logan, Kugler, Musalem & Goolsbee, UK, German & US supply.Click for the Newsquawk Week Ahead.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are mostly firmer paring some of Friday’s pronounced downside, US futures are trading tentativelyDollar is flat, Antipodeans lag after weaker than expected Chinese industrial dataBonds are subdued paring recent EU political-induced upside on Friday, as participants digest ECB sources which suggest that the Bank is in no rush to discuss a French bond rescueCrude is flat in what has been a choppy session thus far, XAU/base metals are hampered by mixed Chinese dataLooking ahead, US NY Fed Manufacturing, Comments from ECB’s de Guindos & Cipollone, Fed’s Williams, Harker & Cook, Earnings from LennarRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US stocks were mixed and the major indices finished off their worst levels seen early in the session alongside the broad risk-averse conditionsAPAC stocks were mostly negative as markets reflected on the latest soft Chinese data releases; European futures point to a firmer openDXY steady around 105.50, EUR/USD directionless & Cable below 1.27EGBs eased back from Friday's marked rally; ECB sources report they are in no rush to discuss any French bond rescueCrude lacklustre with metals on the back foot after Chinese dataIsrael's military said it will hold a tactical pause of military activity for humanitarian purposes in some areas between 06:00BST-17:00BST dailyLooking ahead, highlights include Italian CPI, EZ Labour Costs, US NY Fed Manufacturing, Comments from ECB’s Lagarde, Lane, de Guindos & Cipollone, Fed’s Williams, Harker & Cook, Supply from Belgium, Earnings from Lennar.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are entirely in the red, with sentiment hampered by ongoing political angst in the EU; US futures are also lower, RTY underperformsDXY is bid, benefitting from the subdued EUR which dips below 1.07 and a weak JPY post-BoJThe BoJ kept rates unchanged but defied expectations for an immediate reduction of bond purchases, instead, it will decide on a specific bond-buying reduction plan at the next meetingUSTs are flat, EGBs soar amid political uncertainty in the region, with the OAT-Bund spread widening to over 78bpsCrude is subdued amid the firmer Dollar, XAU benefits from haven flows and base metals are mixedLooking ahead, US UoM Survey, comments from Fed’s Goolsbee, Cook & ECB's SchnabelRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mostly subdued after the mixed performance stateside where soft data took centre stage, while participants turned their attention to the BoJ policy announcement. The BoJ maintained rates as expected but defied expectations for an immediate reduction of bond purchases, instead, it will decide on a specific bond-buying reduction plan at the next meeting. Nikkei 225 recovered early losses, USD/JPY advanced to just shy of the 158.00 level, and 10-year JGB futures tracked the recent gains in global peers and were further boosted after the BoJ policy announcement. European equity futures indicate a positive open with Euro Stoxx 50 futures up 0.3% after the cash market closed lower by 2.0% on Thursday. Looking ahead, highlights include Swedish CPI, US UoM Survey, BoE/Ipsos Inflation Attitudes Survey, Comments from BoJ’s Ueda, ECB’s Lane, Schnabel, Lagarde & de Guindos, Fed’s Goolsbee & Cook.Click for the Newsquawk Week Ahead.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Downbeat session for European equities whilst US futures are mixed, with NQ outperforming, propped up by pre-market gains in Tesla, Broadcom and NvidiaDollar is firmer, EUR continues to test 1.08 to the downside and the JPY is the marginal underperformerBonds are slightly softer as participants digest the FOMC & hawkish dot plots ahead of US PPICrude is on the backfoot, XAU and base metals both lower as the Dollar continues to recoup lossesLooking ahead, US IJC, PPI (F), NZ Manufacturing PMI, Comments from ECB’s de Guindos, BoC’s Kozicki & Fed’s Williams, Supply from the US, Earnings from AdobeRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were somewhat mixed following the key developments stateside where the S&P 500 and Nasdaq extended to fresh record levels following the softer-than-expected US CPI but despite the hawkish Fed dot plots. Fed kept rates unchanged at 5.25-5.50%, as expected with the vote unanimous, while the statement noted there has been modest (prev. a lack of) further progress towards the 2% inflation objective.Fed’s updated dot plots now signal only one rate cut in 2024 vs. three in the March projections; four policymakers saw no rate cuts this year, while seven pencilled in just one cut and eight expect two rate cuts this year.BoJ will reportedly consider gradually reducing its Japanese government bond holdings at this week's two-day policy meeting, according to Nikkei.European equity futures indicate a mildly softer open with Euro Stoxx 50 futures down 0.1% after the cash market closed up 1.4% on Wednesday.Highlights include German Wholesale Price, Swedish Inflation, EZ Industrial Production, US IJC, PPI (F), NZ Manufacturing PMI, Comments from ECB’s de Guindos, BoC’s Kozicki & Fed’s Williams, Supply from Italy & US, Earnings from Adobe.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are modestly firmer, trimming this week’s recent losses; price action tentative ahead of today’s US CPI and FOMCDXY is flat, G10s modestly gain vs the Dollar though the JPY dips slightlyUSTs are flat and at highs, Bunds/Gilts both move higher with the latter also factoring in the in-line GDP metrics, with focus on the soft Construction figuresCrude is at highs amid ongoing geopolitical escalations, XAU flat while base metals trim recent losses; complex unreactive to mixed Chinese inflation dataLooking ahead, US CPI, Fed Policy Announcement, Comments from ECB’s de Guindos, Fed Chair Powell & BoC Governor Macklem, Earnings from BroadcomRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mostly subdued after the mixed handover from US peers as markets braced for the incoming US CPI data and the FOMC announcement.Chinese inflation data saw softer-than-expected CPI and a narrower deflation in factory gate prices but with little follow-through to markets.Israel said it received the Hamas response to the ceasefire proposal via mediators and that Hamas changed the proposal's main parameters.Fitch Ratings said France's snap election heightens fiscal and reform uncertainty but there are no immediate implications for France's AA-/Stable rating.European equity futures indicate a mildly positive open with Euro Stoxx 50 futures up 0.2% after the cash market closed down 1.0% on Tuesday.Looking ahead, highlights include German HICP (F), UK GDP Estimate, US CPI, Fed Policy Announcement, IEA OMR Comments from ECB’s Schnabel & de Guindos, Fed Chair Powell & BoC Governor Macklem, Supply from UK & Germany, Earnings from Broadcom.Click for the Newsquawk Week Ahead.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Equities are modestly in the red, in a continuation of the downbeat mood seen in APAC trade overnightDollar is incrementally firmer, EUR continues to slip and GBP is slightly softer following the UK’s job data which saw an unexpected uptick in the unemployment rateBonds are in the green, attempting to recoup post-NFP losses, OATs remain pressured and Gilts outperform taking a bid after a record Gilt saleCrude is slightly softer, XAU is subdued and base metals are considerably weaker after poor Chinese performance overnightLooking ahead, US NFIB Business Optimism Index, EIA STEO & OPEC MOMR, Comments from ECB’s Lane, Holzmann, Makhlouf & Elderson, Supply from the US, Earnings from OracleRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded with a negative bias after the choppy performance stateside; S&P 500 and Nasdaq notched fresh record closes. Apple closed down 1.9% after its WWDC event failed to ignite enthusiasm; announced an integration of ChatGPT.European equity futures indicate a mildly positive open with Euro Stoxx 50 futures up 0.2% after the cash market closed down 0.7% on Monday.DXY is holding above the 105 mark, with FX markets broadly contained, EUR/USD remains on a 1.07 handle.Looking ahead, highlights include UK Employment Data, US NFIB Business Optimism Index, EIA STEO & OPEC MOMR, Comments from ECB’s Lane & Elderson, Supply from Netherlands & US, Earnings from Oracle.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are entirely in the red, with sentiment hit amid political uncertainty in Europe whereby the centre-right strengthened its majority although the far-right made gains; US equity futures are marginally softer, with the RTY underperformingDollar is firmer in a continuation of post-NFP strength, EUR is hampered by political uncertaintyUSTs are flat and resilient to the downbeat mood in European peers; OATs underperform after French President Macron calls for a snap electionCrude is softer after spending much of the European morning in the green, XAU is flat and base metals gainLooking ahead, US Employment Trends, Chinese Money Supply, Supply from the USRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks began mixed in what was a holiday-thinned start to the week with markets in Australia, China, Hong Kong and Taiwan all closed.EUR slides as results in the European Parliament elections prompted Macron to dissolve the French parliament and announce a snap election.European equity futures declined with the Euro Stoxx 50 future down 0.4% after the cash market also closed lower by 0.4% on Friday.Israeli minister Gantz resigned from the emergency government and called for early elections.Looking ahead, highlights include Norwegian CPI, EZ Sentix Index, US Employment Trends, Chinese Money Supply, Supply from the US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European equities are entirely in the red and at session lows; US futures trade tentatively ahead of US NFPDollar is flat alongside G10 peers as markets await key employment dataUSTs trade within a contained range, Bunds are softer post-German data and unreactive to a slew of ECB speakers who mainly stuck to the data-dependent script; EGBs hit on Q1 wagesCrude is flat, XAU dragged down on data which indicates that China halts Gold buying for reserves after an 18-month stretchLooking ahead, US NFP, Canadian Employment, US Wholesale Sales, ECB’s Schnabel; Lagarde; Fed's CookRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mixed in cautious and tentative trade and macro newsflow on the quieter side ahead of the US jobs reportEuropean equity futures are indicative of a flat open with the Euro Stoxx 50 future unchanged after cash closed +0.7% on ThursdayDXY traded flat in a narrow range, EUR & GBP contained; USD/JPY inched higherFixed income rangebound but with a softer bias, little reaction to the latest BoJ Rinban announcementCommodities rangebound but with a firmer bias, relatively unreactive to Chinese trade and geopolsHighlights include German Industrial Output, UK Halifax House Prices, EZ GDP (R), US NFP, Canadian Employment, US Wholesale Sales, ECB’s Schnabel; Lagarde; Fed's Cook.Click here for the Newsquawk Week Ahead.Click here for the Newsquawk NFP Preview.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses extend gains; US futures are mixed, RTY underperformsDollar is flat and EUR incrementally gains ahead of today’s ECB policy announcementBonds are slightly softer, giving back some of this week’s advancesCrude is now around flat after trading higher for much of the morning, XAU/base metals continue recent strengthLooking ahead, US Challenger Layoffs, IJC, ECB Policy Announcement and Press ConferenceRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

SPX and NDX closed at record highs whilst NVIDIA joined the USD 3tln market cap club and overtook Apple as the second-largest US company.APAC stocks traded mostly firmer as the region largely took its cue from the positive lead on Wall Street, while South Korean markets were closed due to the Memorial Day holiday.DXY weakened as APAC traders reacted to the pullback in yields, JPY outperformed, and JGB futures were boosted after a strong 30-year auction.European equity futures are indicative of a firmer cash open with Euro Stoxx 50 futures +0.5% after cash closed +1.7% on Thursday.Looking ahead, highlights include EZ & UK Construction PMI, Italian Retail Sales, EZ Employment (F), US Challenger Layoffs, IJC, ECB Policy Announcement and Press Conference, and Supply from Spain, and France.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses extend gains with Tech leading; US futures are modestly firmerDollar is incrementally higher, JPY gives back recent strength with USD/JPY now above 156.00Bonds are incrementally softer and unreactive to EZ Final PMIsCrude is modestly firmer in what has been a choppy session, XAU gains modestly and base metals are mixedLooking ahead, Canadian & US Services & Composite PMIs, US ADP National Employment, US ISM Services, NBP and BoC Policy Announcement, BoC's Macklem & RogersRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mixed as the cautious mood from Wall Street reverberated into Asia-Pacific, with macro newsflow overnight on the lighter side; Tokyo underperformed.DXY was caged in a tight range as traders look ahead to the US ISM Services data for impetus following Monday's dovish Manufacturing print.YouGov/Sky News Snap Debate Poll: PM Sunak won the first head-to-head election debate [Sunak 51%, Starmer 49%].European equity futures are indicative of a firmer cash open with the Euro Stoxx 50 future +0.5% after cash closed -1.0% on Tuesday.Looking ahead, highlights include EZ, UK, Canadian & US Services & Composite PMIs, US ADP National Employment, US ISM Services, NBP and BoC Policy Announcement, BoC's Macklem & Rogers, and Supply from the UK and Germany.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Risk sentiment generally pressured to the benefit of havens ex-precious metals as the latest bearish driver stems from India’s election countEquities are entirely in the red; Energy and Basic Resources are the clear laggards, given the underperformance in the underlying commodity pricesDollar is firmer and attempting to claw back post-ISM losses, JPY bid with USD/JPY nearing 155, AUD slips given the risk sentimentBonds are firmer in continuation of the prior day’s gains, though now off best levels following source reports relating to the BoJ’s bond buysCrude continues to slip, XAU and base metals suffer from USD strength, risk tone & India’s performanceLooking ahead, US Durable Goods R, US JOLTS, US RCM/TIPP Economic Optimism Supply, UK election debateRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC mixed following a similar Wall St. handover in the absence of fresh catalystsDXY consolidated, EUR above 1.09, GBP containedFixed income rangebound after Monday's ISM move, modest upside on a strong JGB auctionCrude continues to slip, XAU soft; geopols continue to focus on a phased truce planHighlights include Swiss CPI, German Unemployment, US Durable Goods R, US JOLTS, US RCM/TIPP Economic Optimism Supply from the UK & Germany, BoJ's Himino, and the first UK election debate.Click here for the Newsquawk Week Ahead.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Equities are in the green; Chip names help to prop up the tech sector, whilst meme-stock GME surges 66% pre-marketDXY is incrementally firmer, G10s are mostly firmer against the Dollar except for the Yen, which gains marginallyUSTs continue Friday’s post-PCE advance ahead of US ISM ManufacturingCrude is incrementally firmer, though residing near lows post OPEC+ which outlined a future roadmap for the restoration of the supply from the voluntary cutsPrecious metals are flat and base metals are generally firmer, benefitting from the higher-than-expected upward revision in the Caixin Manufacturing PMILooking ahead, US Final Manufacturing PMI and ISM ManufacturingRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks opened higher and then extended on gains as the region reacted to the softer-than-expected US Core PCE data on Friday alongside the prospect of a potential Israel-Hamas deal brokered by the US.Crude prices saw initial disappointment in the aftermath of the OPEC+ meeting which outlined a future roadmap for the restoration of the supply from the voluntary cuts.S&P cut France’s rating to AA- from AA; Outlook stable; downgrade on deterioration of budgetary position.European equity futures are indicative of a firmer cash open, with the Euro Stoxx 50 future +1.0% after cash markets closed -0.1% on Friday.EM elections: South Africa’s ANC lost its 30-year majority, while exit polls point to landslide victories for India’s Modi and Mexico’s Sheinbaum.Looking ahead, highlights include EZ, UK, US Final Manufacturing PMI, and US ISM Manufacturing PMI.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are mixed and US futures are entirely in the red, though with price action contained ahead of US PCEDollar is flat, EUR gains following the hotter-than-expected EZ-HICP metricsBonds are pressured and EGBs more-so after hotter EZ HICP metrics, downside which has been pared slightlyCrude is modestly softer following disappointing Chinese PMI data, XAU is flat and base metals are mixedLooking ahead, US PCE (Apr), Canadian GDP, France Credit Rating Review & Comments from Fed’s BosticRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mostly in the green and shrugged off the weak lead from the US but with gains capped by disappointing official Chinese PMIs.Former US President Trump was found guilty by a jury verdict on all 34 counts he faced at the hush money trial and will be sentenced on July 11th.European equity futures indicate a contained open with the Euro Stoxx 50 future flat after the cash market closed higher by 0.4% on Thursday.DXY remains below the 105 mark, EUR/USD holds above 1.08 ahead of CPI, major FX pairs are broadly contained.Looking ahead, highlights include German Import Prices, Retail Sales, French CPI, EZ CPI, US PCE (Apr), Canadian GDP, France Credit Rating Review & Comments from Fed’s Bostic.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mostly in the green and shrugged off the weak lead from the US but with gains capped by disappointing official Chinese PMIs.Former US President Trump was found guilty by a jury verdict on all 34 counts he faced at the hush money trial and will be sentenced on July 11th.European equity futures indicate a contained open with the Euro Stoxx 50 future flat after the cash market closed higher by 0.4% on Thursday.DXY remains below the 105 mark, EUR/USD holds above 1.08 ahead of CPI, major FX pairs are broadly contained.Looking ahead, highlights include German Import Prices, Retail Sales, French CPI, EZ CPI, US PCE (Apr), Canadian GDP, France Credit Rating Review & Comments from Fed’s Bostic.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European equities are modestly firmer, US futures are mostly lower though have been edging higher in recent tradeDollar is softer, haven currencies bid with USD/JPY holding around 156.85ZAR pressured as early vote count/models point to ANC losing the majority and securing at most 45% of the voteBonds have bounced modestly from recent lows, with sentiment improving following a robust JGB auctionCrude is modestly softer with oil-specific newsflow light, XAU and base metals also slipLooking ahead, US GDP Estimates, US PCE (Q1), IJC, Advance Goods Trade Balance, SARB Policy Announcement, Comments from Fed’s Williams, Logan & RBNZ Governor Orr. Earnings from Marvell, Dollar General & Best BuyRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were on the back foot amid spillover selling from Wall St owing to the further upside in yields; Nikkei 225 slumped at the open and briefly fell beneath the 38,000 level.DXY traded flat but held on to the prior day's gains above the 105.00 level after benefitting from higher yields, USD/JPY gradually eased back from its recent peak amid mild haven flows.10-year UST futures were contained after the recent continued bear-steepening owing to a weak 7-year auction, Bund futures remained subdued.European equity futures indicate a lower open with the Euro Stoxx 50 future -0.4% after the cash market closed lower by 1.3% on Wednesday.Looking ahead, highlights include Spanish CPI, Swiss GDP, EZ Sentiment, EZ Unemployment Rate, Italian Producer Prices, US GDP Estimates, US PCE (Q1), IJC, Advance Goods Trade Balance, SARB Policy Announcement, Comments from Fed’s Williams, Logan & RBNZ Governor Orr, Supply from Italy, Earnings from Marvell, Dollar General & Best Buy.Click here for the Newsquawk Week Ahead.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Equities are entirely in the red in continuation of similar price action seen in APAC tradeDollar is flat, EUR slips after German State CPIs show a cooler M/M and largely as-expected Y/YBonds are softer in a continuation of the prior day’s losses, Bunds pare most of the post-German State CPI upsideCrude is firmer amid ongoing geopolitical uncertainty, XAU slips and base metals are mixedLooking ahead, German CPI, US Richmond Fed Index, comments from Fed’s Williams & Bostic, Supply from the US, Earnings from HP & SalesforceRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mostly lower after the indecisive performance stateside amid the rising yield environment.European equity futures indicate a contained open with the Euro Stoxx 50 future flat after the cash market closed lower by 0.6% on Tuesday.DXY trades in a tight range above 104.50, EUR/USD is a touch softer below 1.0850, AUD shrugged off hot CPI.BoJ Board Member Adachi said the BoJ is not yet at a stage where they are convinced that there is a sustained achievement of the price target.Looking ahead highlights include German GfK Consumer Sentiment, German CPI, US Richmond Fed Index, comments from Fed’s Williams & Bostic, Supply from UK, Germany & USRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are mixed continuing the price action seen in APAC; US equity futures are in the greenDollar is flat/softer, Kiwi the G10 outperformer after strong price action overnight and in continuation of the RBNZ last weekUSTs/Bunds are mixed and relatively contained, whilst Gilts outperform playing catch-up to Bund strength in the prior sessionCrude benefits from heightened geopol tensions, XAU dips and base metals are firmer across the board following the announcement of China’s USD 47.5bln chip fundLooking ahead, Canadian Producer Prices, Comments from ECB's Knot, Centeno, Fed’s Kashkari, Cook & Daly, and Supply from the USRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mixed with price action mostly rangebound in the absence of a lead from Wall St and as geopolitical uncertainty lingered following an Israeli strike on Rafah which killed dozens of Palestinians on Sunday.DXY marginally softened beneath the 104.50 level albeit with trade kept to within a very tight range following the Memorial Day holiday weekend stateside and with the Fed's preferred inflation gauge scheduled for this Friday.An Egyptian soldier was killed in a clash with Israeli troops at a crossing on Monday, according to Bloomberg; Both Israel and Egypt are trying to keep the event "low profile," according to Israeli Radio correspondent.European equity futures indicate a positive open with the Euro Stoxx 50 future up 0.2% after the cash market closed higher by 0.5% on Monday.Looking ahead, highlights include German Wholesale Price Index, ECB Consumer Expectations Survey, Canadian Producer Prices, Comments from ECB’s Schnabel, Fed’s Mester & Kashkari, Supply from Netherlands, Italy & US.Click here for the Newsquawk Week Ahead.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are entirely in the red, though have recently has clambered off lows; US equities are modestly firmer.Dollar is slightly softer, GBP shrugs off initial Retail Sales weakness, overall trade contained.Bonds are very modestly firmer, attempting to claw back some of the US PMI-induced pressure.Crude is softer and near session lows without a clear catalyst, XAU gains whilst base metals consolidate.Looking ahead, US Durable Goods, Canadian Retail Sales, Comments from ECB’s de Cos, Centeno and Fed’s Waller.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

The selling in US stocks yesterday accelerated once European desks packed for the day, with little fresh fundamentals driving the move after the US Flash PMIs.APAC stocks followed suit to the selling on Wall St where the initial NVIDIA-related euphoria was soured after strong US PMI data lifted the dollar and yields.DXY traded steadily after surmounting the 105.00 level in the aftermath of the strong US PMI data, USD/JPY marginally edged higher after reclaiming the 157.00 handle.European equity futures indicate a lower open with the Euro Stoxx 50 future down 0.5% after the cash market closed higher by 0.3% on Thursday.Looking ahead, highlights include UK Retail Sales, US Durable Goods, Canadian Retail Sales, Comments from ECB’s Schnabel & de Cos, Fed’s Waller & SNB’s Jordan.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are modestly firmer with Tech lifted by post-earning strength in Nvidia (+7% pre-market); NQ outperforms.Dollar is slightly softer, Kiwi continues the prior day’s gains, Euro was choppy on Flash PMIs but ultimately firmer and saw no reaction to higher Q1 wages.Treasuries are flat, whilst Bunds are softer following German/EZ PMIs ahead of US supply.Crude is firmer and near session highs, spot gold and copper futures aggressively pull back after printing record highs on Monday.Looking ahead, US PMIs, US IJC, Comments from BoE's Pill, ECB's Villeroy, and Fed’s Bostic, Supply from US. Earnings: Ralph Lauren, Medtronic & IntuitRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mixed following soft performance of US cash markets before receiving support post-Nvidia earnings.Nvidia's earnings topped forecasts and the Co. also announced a ten-for-one stock split; +6% after-hours.FOMC Minutes suggested the disinflation process would take longer than previously thought.European equity futures indicate a positive open with the Euro Stoxx 50 future up 0.3% after the cash market closed lower by 0.4% on Wednesday.UK PM Sunak confirmed reports that he will call for a general election on July 4th.DXY held onto recent spoils and remains just below the 105 mark, NZD leads the majors once again.Looking ahead, highlights include EZ, UK, US PMIs, US IJC, EZ Consumer Confidence, Q1 Negotiated Wages, CBRT Announcement, Comments from Fed’s Bostic, Supply from US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are entirely in the red, whilst US futures trade tentatively ahead of FOMC Minutes and Nvidia earningsDollar is incrementally firmer, Kiwi outperforms post-RBNZ & GBP bid on UK inflation metricsBonds are lower after hotter-than-expected UK CPI metrics, with Gilts the clear underperformerCrude is subdued, XAU is softer alongside a broader pullback in base metalsLooking ahead, Fed Minutes, Speak from Fed's Goolsbee, BoE’s Breeden, Supply from the US, Earnings from Nvidia, Analog Devices, TJX & TargetRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mostly rangebound as global markets brace for the FOMC Minutes and Nvidia earnings.European equity futures indicate a slightly positive open with Euro Stoxx 50 futures up 0.1% after the cash market closed lower by 0.5% on Tuesday.RBNZ kept the OCR unchanged as expected but raised its OCR forecasts across the projection horizon.DXY is flat, NZD is boosted post-RBNZ, JPY marginally lags, GBP eyes UK CPI.Looking ahead, highlights include UK CPI/PPI, Fed Minutes, Fed’s Bostic, Mester, Collins, Goolsbee, ECB’s Lagarde & BoE’s Breeden, Supply from UK, Germany & US, Earnings from SSE, Marks & Spencer, Nvidia, Analog Devices, TJX & Target.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are entirely in the red, whilst US futures hold around the unchanged markG10s are flat/mixed; DXY is very modestly softer and underpinning some G10 peersTreasuries are flat, whilst Bunds narrowly outperform following softer than expected German PPI before coming off best levels amid higher EZ Labour Costs Prelim dataCrude is subdued in catalyst-thin trade, XAU and base metals take a breather from their recent surgeLooking ahead, Canadian CPI, US Philadelphia Fed Non-mfg Business Outlook Survey, ECB Governing Council Retreat, NBH Policy Announcement, Fed’s Bostic, Barkin, Waller, Williams, Barr & BoE’s Bailey, Earnings from Macys & AutozoneRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were subdued following the somewhat indecisive performance on Wall St.European equity futures indicate a lower open with Euro Stoxx 50 future down 0.3% after the cash market closed up 0.2% on Monday.DXY is contained within narrow parameters, USD/JPY has extended upside, AUD marginally lags.Bunds struggled for direction, crude futures continued to retreat amid a lack of geopolitical escalation.Looking ahead, highlights include German PPI, Canadian CPI, US Philadelphia Fed Non-mfg Business Outlook Survey, ECB Governing Council Retreat, NBH Policy Announcement, Fed’s Bostic, Barkin, Waller, Williams, Barr & BoE’s Bailey, Supply from Germany & UK, Earnings from Generali, Kingfisher, Lowe's Companies, Macys & Autozone.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European equities hold a mild positive bias, whilst US futures lack firm direction and holds around the unchanged mark.Dollar is flat alongside G10 peers, Kiwi marginally underperforms, USTs are flat in quiet newsflow, whilst Bunds are slightly softer.A helicopter carrying Iranian President Raisi and Foreign Minister Amir-Abdollahian crashed due to adverse weather conditions with no survivors reported; Iran’s Supreme Leader Khamenei signalled continuity.Spot gold printed a record high of around USD 2,450/oz while copper futures extended on gains and benchmark LME prices hit a fresh all-time peak above USD 11,100/t.Looking ahead, speak from Fed's Bostic, Barr, Waller, Jefferson and Mester. Holidays: Whit Monday (Switzerland, Norway, Denmark are closed).Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks began the week on the front foot despite last Friday's indecisive performance on Wall St where the major indices traded sideways.European equity futures indicate a higher open with Euro Stoxx 50 futures up 0.3% after the cash market closed down 0.2% on Friday.A helicopter carrying Iranian President Raisi and Foreign Minister Amir-Abdollahian crashed due to adverse weather conditions with no survivors reported; Iran’s Supreme Leader Khamenei signalled continuity. Spot gold printed a record high of around USD 2,440/oz while copper futures extended on gains and benchmark LME prices hit a fresh all-time peak above USD 11,100/t.Looking ahead, highlights include comments from BoE’s Broadbent, Fed’s Bostic & Barr, and earnings from Ryanair & Palo Alto Networks. Holidays: Whit Monday (Switzerland, Norway, Denmark are closed).Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are mostly lower, whilst US equity futures are flatDollar is firmer, AUD underperforms after mixed Chinese dataBonds are pressured, more-so in EGBs following hawkish commentary from ECB’s SchnabelCrude is flat, XAU modestly firmer and base metals benefit from China's support measures despite mixed dataLooking ahead, Comments from Fed's Waller & DalyRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are mostly lower, whilst US equity futures are flatDollar is firmer, AUD underperforms after mixed Chinese dataBonds are pressured, more-so in EGBs following hawkish commentary from ECB’s SchnabelCrude is flat, XAU modestly firmer and base metals benefit from China's support measures despite mixed dataLooking ahead, Comments from Fed's Waller & DalyRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks initially subdued before benefitting from the latest China property support measuresDXY bid with peers generally contained aside from slight JPY pressure, Yuan benefits from the property support despite soft/mixed data beforehandFixed benchmarks uneventful ex-JGBs which outperformed as the BoJ maintained the Rinban purchase amountCommodities contained with specifics light, modest support on China property caveated by mixed signals from the economyECB's Schnabel says a June cut may be appropriate but the current data does not seem to warrant a rate cut in JulyLooking ahead, highlights include EZ CPI (F), Comments from ECB’s de Guindos, BoE’s Mann, Fed's Waller & Daly, Earnings from Engie & Scor.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European equities are mostly lower whilst US futures gain modestlyDollar is firmer paring back some of the CPI-induced losses, AUD lags after mixed employment dataBonds are steady, though with a very mild negative biasCrude benchmarks are flat, XAU is rangebound and base metals are mixedLooking ahead, US IJC, Philly Fed, BoE’s Greene, Fed’s Harker, Mester, Bostic & Barr. Earnings: Applied Materials, Deere & WalmartRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks took impetus from the gains on Wall St where major indices rallied to fresh record highs.European equity futures indicate a positive open with Euro Stoxx 50 future up 0.2% after the cash market closed up 0.4% on Wednesday.DXY took a breather from yesterday's data-induced losses, JPY continues to gain vs. the USD. Bund futures continued their advances and crude futures remained underpinned.Looking ahead, highlights include US IJC, Philly Fed, BoE’s Greene, Fed’s Harker, Mester, Bostic & Barr, Supply from Spain, France & US, Earnings from Deutsche Telekom, Siemens, easyJet, Applied Materials, Deere & Walmart.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are mostly firmer, US futures flat ahead of US CPI & Retail SalesDollar is weaker, Antipodeans lifted on reports of Chinese support measures, USD/JPY dipsBonds are firmer, continuing the post-PPI strengthCrude is in the green, XAU is supported given the softer Dollar & base metals are in the greenLooking ahead, US CPI & Retail Sales. Comments from Fed’s Kashkari. Earnings from Cisco SystemsRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mostly higher following the momentum from the US where the Nasdaq posted a fresh record close.European equity futures indicate a firmer open with Euro Stoxx 50 futures up 0.2% after the cash market closed flat on Tuesday.DXY is sub-105, EUR/USD sits on a 1.08 handle, Cable tested 1.26 and antipodeans outperform.Crude futures rebounded from the prior day's losses with prices helped by private sector inventory data.Looking ahead, highlights include EZ Employment, US CPI & Retail Sales, Riksbank Minutes, IEA OMR, Comments from Fed’s Kashkari, Supply from UK & Germany, Earnings from Merck, RWE, Thyssenkrupp, Allianz, Commerzbank, JD Sports, Compass, Ubisoft, Telecom Italia & Cisco Systems.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Equities are mixed, with trade tentative ahead of US PPI & PowellDollar is flat, GBP softer following commentary from BoE’s PillBonds are firmer, taking a further leg higher after BoE’s Pill before paring on ZEWCrude is flat with oil-specific newsflow light, XAU is firmer and base metals are mixedWhite House says US President Biden is directing the USTR to increase tariffs on USD 18bln of imports from ChinaLooking ahead, US PPI, OPEC MOMR, Comments from ECB’s Schnabel, Fed Chair Powell & Cook. Earnings from Home DepotRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks lacked firm conviction after the indecisive performance in the US ahead of key events.European equity futures indicate a flat to incrementally firmer open with Euro Stoxx 50 futures near the unchanged mark after the cash market closed down by 0.1% on Monday.FX markets are contained with DXY caged in a tight range, EUR/USD failed to sustain a 1.08 handle, USD/JPY gained a firmer footing above 156.Bunds were steady overnight and Crude futures traded with little in the way of conviction.Looking ahead, highlights include UK Employment Data, German ZEW, US PPI, OPEC MOMR, Comments from BoE’s Pill, ECB’s Schnabel, Fed Chair Powell & Cook, Supply from Netherlands, UK & GermanyRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are mixed and trade around the unchanged mark; US futures are modestly firmerDollar is slightly softer weighed on by recent EUR strength, NZD lagsBonds are incrementally firmer, though within contained rangesCrude benchmarks are on the front foot, XAU is softer and base metals are mixedOvernight focus on mixed Chinese data and then upcoming ultra-long issuance, latter development providing supportLooking ahead, NY Fed Survey of Consumer Expectations Survey, Comments from Fed’s Mester & Jefferson, SNB’s JordanRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Cautious APAC trade amid mixed data incl. Chinese CPI but with support from China's ultra-long issuance plansDXY rangebound with peers contained, NZD lags after cooler inflation projectionsJGBs pressured as the BoJ adjusted its 5-10yr bond buying operation for todayCommodities attentive to mixed commentary from the Iraq Oil Minister, metals mixedLooking ahead, highlights include NY Fed Survey of Consumer Expectations Survey, Comments from Fed’s Mester & Jefferson, SNB’s Jordan, Earnings from DiplomaClick here for the Newsquawk Week Ahead.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses extend to session highs, whilst US futures post modest gainsDollar is flat & GBP marginally outperforms post-GDPUSTs are flat, EGBs bid though to a lesser degree than Gilts, which have shrugged off hawkish GDP dataCrude is firmer with specifics light, XAU extends to highs and base metals benefit from the risk toneLooking ahead, Canadian Jobs Data, BoC SLOOS, Chinese Money Supply, Comments from ECB’s Elderson, BoE’s Pill, Fed’s Goolsbee, Bowman, Logan, Kashkari & Barr.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks mostly tracked the gains in the US where a rise in initial jobless claims spurred a dovish reaction.European equity futures indicate a mildly positive open with Euro Stoxx 50 future +0.2% after the cash market closed higher by 0.3% on Thursday.DXY is mildly firmer in what has been a quiet session for FX overnight, antipodeans marginally lag.Crude futures mildly extended on gains, Bunds remain afloat after the recent rebound.Looking ahead, highlights include UK GDP, Canadian Jobs Data, BoC SLOOS, Chinese Money Supply, Comments from ECB’s Cipollone & Elderson, BoE’s Pill, Fed’s Goolsbee, Bowman, Logan, Kashkari & Barr, Supply from Italy.  Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European equities are mixed, Stateside futures lower with slight underperformance in the RTYDollar is firmer, G10s in the red and USD/JPY now just shy of 156.00Bonds pressured in a continuation of recent action; Gilts underperform slightly ahead of the BoECrude is firmer, XAU flat and base metals mostly lowerLooking ahead, US IJC, NZ Manufacturing PMI, BoE Policy Announcement, BoE DMP, Banxico Policy Announcement, Comments from Fed's Daly, BoE’s Bailey & Pill, ECB’s Cipollone & de GuindosRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mixed following the indecisive performance stateside, while somewhat mixed but improved Chinese trade data had little impact.European equity futures indicate a flat open with Euro Stoxx 50 futures unchanged after the cash market closed higher by 0.4% on Wednesday.DXY is steady near the 105.50 mark with price action in the FX space contained.Bunds extended on their recent pullback, Crude remains afloat after yesterday's rebound.Looking ahead, highlights include US IJC, BoE Policy Announcement, BoE DMP, Banxico Policy Announcement, Fed's Daily, BoE’s Bailey & Pill, ECB’s Cipollone & de Guindos, Supply from Spain & US. Note, closures across Scandinavia and Switzerland for Ascension Day. Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European equities are entirely in the green, whilst Stateside futures are a little more tentativeDollar is incrementally firmer, G10s peers softer to various degrees, AUD & JPY underperformBonds pressured, taking a breather from this week’s advancesCrude slips with geopolitical updates light, XAU and base metals are pressure from the Dollar and downbeat Chinese price action overnightLooking ahead, US Wholesale Sales, BoC FSR, comments from ECB’s Wunsch & de Cos, Fed’s Cook, Jefferson & Collins, Supply from the US, Earnings from Emerson Electric, Airbnb & UberRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mostly lower after the choppy US performance and in the absence of fresh catalysts.European equity futures indicate a marginally softer open with Euro Stoxx 50 futures down 0.1% after the cash market closed higher by 1.2% on Tuesday.USD is firmer with USD/JPY back above 155, EUR/USD sits below 1.0750 and Cable lost 1.25 status.Israeli PM Netanyahu's spokesman said Hamas's proposal is far from Israel's demands and the gaps are large.Looking ahead, highlights include German Industrial Orders, US Wholesale Sales, Riksbank Policy Announcement, BoC FSR, Riksbank Press Conference, comments from ECB’s Wunsch & de Cos, Fed’s Cook, Jefferson & Collins, Supply from UK & US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European equities are entirely in the green; US futures are mixedDollar is slightly firmer, Aussie underperforms following the RBA, USD/JPY now around 154.50Bonds are firmer and extending on the prior day’s gains; Gilts outperform on their return from holidayCrude is flat awaiting geopolitical updates, XAU softer and base metals are mixedLooking ahead, US RCM/TIPP Economic Optimism, CBR Policy Announcement, EIA STEO Comments from Fed’s Kashkari & BoC's Rogers, Supply from the US, Earnings from Disney, Occidental Petroleum Corp, Duke Energy, Arista & McKessonRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mixed as the region only partly sustained the momentum from Wall St where the major indices extended on post-NFP advances amid rate cut hopes, while key markets returned from the long weekend.DXY was uneventful, USD/JPY continued to pick itself up from last week's trough and reclaimed the 154.00 status, AUD/USD was pressured after the RBA announcement.RBA kept the Cash Rate Target unchanged at 4.35%, as expected, while it reiterated the Board remains resolute in its determination to return inflation to the target and it is not ruling anything in or out; RBA raised its inflation forecasts for 2024 but trimmed forecasts for GDP.Israeli military took control of the Palestinian side of the Rafah border with Egypt, according to Bloomberg. Israeli army confirmed it is "conducting large-scale combing operations in the area"Looking ahead, highlights include German Industrial Orders, Trade Balance, EZ & UK Construction PMI, US RCM/TIPP Economic Optimism, CBR Policy Announcement, EIA STEO Comments from Fed’s Kashkari & BoC's Rogers, Supply from US, Earnings from BP, Siemens Healthineers, Infineon, Fresenius Medical Care, Deutsche Poste, Infineon, Disney, Occidental Petroleum Corp, Duke Energy, Arista & Mckesson.Click here for the Newsquawk Week Ahead.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Equities are entirely in the green; Apple -1.1% is lower pre-market after Berkshire Hathaway decreased its stake in Q1DXY is flat, EUR unreactive to PMIs & USD/JPY holds just under 154.00Bonds are modestly firmer, with initial upside in Bunds trimmed slightly by large upward revisions to EZ PMIsCrude is firmer with Rafah in focus, XAU is bid and base metals benefit from the risk toneLooking ahead, US Employment Trends, Comments from SNB’s Jordan, ECB’s Lagarde, Fed’s Williams & Barkin. UK markets closed for Bank Holiday Monday.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Positive bias for APAC stocks after the US jobs report but with varied performance on the holiday returnDXY remains near 105.00 with peers flat/mixed ex-JPY which has seen USD/JPY recoup Friday's lossesCommodities supported as geopolitical tensions intensify with Gaza talks reportedly near collapsing and civilians being evacuated from RafahFed speak in focus with Williams & Goolsbee over the weekend, though fixed action limited with Japan awayLooking ahead, highlights include EZ Services PMI, Sentix Index, Producer Prices, US Employment Trends, Comments from SNB’s Jordan, ECB’s Lagarde, Fed’s Williams & Barkin, Earnings from UniCredit & Volvo Car AB. Note: UK Bank Holiday.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European equities entirely in the green; US equity futures are mixed ahead of US NFPDollar is slightly softer, USD/JPY dips lower to around 153.00Bonds are mixed but remain rangebound ahead of today’s key eventsCrude trades within a tight range, XAU flat and base metals mostly firmerLooking ahead, US NFP, Services PMI & ISM Non-Manufacturing, Comments from Fed's Goolsbee & WilliamsRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US equity futures were boosted after-hours following better-than-expected earnings from Apple (+6%) which announced an additional USD 110bln buyback.APAC stocks took impetus from Wall St where equities extended on post-FOMC gains; Hang Seng extended its rally after having recently entered a bull market; Japan and Mainland China were closed.DXY was lacklustre with markets now awaiting key US jobs data; USD/JPY continued to decline and printed fresh intervention lows beneath the 153.00 handle.European equity futures indicate a positive open with Euro Stoxx 50 futures up 0.2% after the cash market closed down 0.6% on Thursday.Looking ahead, highlights include EZ Unemployment Rate, UK Services & Composite Final PMIs, US NFP, Services PMI & ISM Non-Manufacturing, Norges Bank Policy Announcement, Comments from Norges Bank Chair Bache.Earnings from Intesa Sanpaolo, Societe Generale, Credit Agricole & Daimler Truck.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are closed for Labour Day, with the exception of the UK’s FTSE 100, which is incrementally firmer; US equity futures are entirely in the redDollar is flat with G10 peers also holding pattern awaiting a slew of US data and the FOMCUSTs are unchanged ahead of today’s key events, with QRA also in focus; Gilts subduedCrude sinks lower, XAU is incrementally firmer and base metals are lower across the boardLooking ahead, US Manufacturing PMI, ISM, US ADP, JOLTS, FOMC Announcement, Treasury QRA, Fed Chair Powell, BoC’s Macklem & Rogers. Earnings from CVS, Qualcomm, MetLife, Pfizer, ADP, Marriott, Estee Lauder, Mastercard & eBayRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

NOTE: All major European markets (ex-UK) are closed for Labour Day.APAC stocks took their cues from the losses on Wall St and with trade mired by mass holiday closures.DXY is rangebound on a 106 handle, EUR/USD sits just above 1.0650, USD/JPY edged closer to 158.00.Amazon beat on top and bottom lines; Co. shares were up 1.2% after-hours.Looking ahead, highlights include UK, US Manufacturing PMI, US ADP, JOLTS, FOMC Announcement, Treasury QRA, Fed Chair Powell, BoC’s Macklem & Rogers, Supply from UK & US.Earnings: Next, GSK, Smith & Nephew, CVS, Qualcomm, MetLife, Pfizer, ADP, Marriott, Estee Lauder, Mastercard & eBay.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are mixed, though have tilted lower as the session progressed; US equity futures modestly softerDXY is flat, EUR benefits from strong EZ GDP metrics, USD/JPY firmer and just shy of 157.00Bonds are lower, dragged down by French/German and finally EZ figuresCrude is incrementally firmer as Gaza peace talks continue, XAU at session lows and base metals in the redLooking ahead, US Employment Cost Index, Chicago PMI, Consumer Confidence, RBNZ FSR. Earnings from Amazon, McDonald's, Advanced Micro Devices, Eli Lilly, Mondelez, Air Products and Chemicals, Coca-Cola, 3M, PayPal, Marathon & Starbucks.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mostly higher but with gains capped heading into month-end alongside a slew of data and earnings.Official Chinese NBS Manufacturing and Caixin Manufacturing PMIs topped forecasts but Non-Manufacturing PMI disappointed.European equity futures indicate a flat open with the Euro Stoxx 50 future unchanged after the cash market closed down 0.5% on Monday.DXY is a touch firmer in an attempt to unwind recent losses, USD/JPY tested 157 to the upside, EUR/USD is holding above 1.07.Looking ahead, highlights include French CPI, GDP, German Unemployment Rate, Import Prices, Retail Sales, Spanish GDP, Italian GDP, CPI, EZ CPI, GDP, US Employment Cost Index, Chicago PMI, Consumer Confidence, RBNZ FSR, Supply from UK, Germany & Netherlands.Earnings from Logitech, Lufthansa, Adidas, Mercedes, Volkswagen, Stellantis, UniCredit, Amazon, McDonald's, Advanced Micro Devices, Eli Lilly, Mondelez, Air Products and Chemicals, Coca-Cola, 3M, PayPal, Marathon & Starbucks.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses were initially firmer, though have since dipped lower; US futures remain modestly in the greenDollar is softer amid hefty USD/JPY selling; the pair rose to 160.00 before sharp downticks with intervention suspectedBonds are firmer benefiting from dovish Spanish/German inflation metricsCrude is softer as Israel-Gaza truce talks continue; XAU flat and base metals mixedLooking ahead, German CPI, EZ Sentiment, US Dallas Fed Manufacturing Index, Comments from ECB’s de Guindos, US Quarterly Refunding Estimates, Earnings from NXP Semiconductors, Welltower & ParamountRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks began the week on the front foot after the tech-led surge last Friday on Wall St; Japan was on holiday.European equity futures indicate a positive open with the Euro Stoxx 50 future +0.4% after the cash market closed up 1.4% on Friday.USD/JPY saw volatile trade in which it initially surged to above 160.00. The pair later saw a sharp drop and breached 156.00 to the downside despite the absence of any obvious drivers.Egypt offered a new proposal for a truce between Israel and Hamas in which some Israeli hostages would be exchanged for Palestinian prisoners and a three-week ceasefire.Looking ahead, highlights include Spanish and Germany CPI, EZ Sentiment, US Dallas Fed Manufacturing Index, Comments from ECB’s de Guindos, Supply from EZ & US Quarterly Refunding Estimates.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Equities are firmer, benefiting from strong Big Tech earnings; Google (+11.7%), Microsoft (+3.6%)Dollar is flat, USD/JPY moved lower in quick succession before paring back, Aussie outperforms given the risk tone and higher metal pricesBonds are modestly firmer, though very much contained ahead of US PCECrude within recent ranges, XAU trudges higher and base metals entirely in the green; 3M LME topped USD 10,000/tLooking ahead, US PCE, Personal Income, Earnings from Colgate, Exxon, Chevron & Phillips 66.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mostly higher as the region digested recent market themes and the BoJ policy announcement.The BoJ kept policy settings unchanged and refrained from any major hawkish surprises.Tech earnings from Alphabet (+11.5%) and Microsoft (+4.3%) topped forecasts and boosted futures after-hours.DXY lacked firm direction overnight, JPY softer post-BoJ with USD/JPY on a 156 handle, EUR/USD is back above 1.07.Looking ahead, include US PCE, Personal Income, ECB Consumer Expectations Survey, BoJ Governor Ueda, ECB’s de Guindos & SNB’s Jordan, Earnings from Porsche, NatWest, Safran, Colgate, Exxon, Chevron & Phillips 66.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are mostly lower, US equities are mixed, with the NQ underperforming after Meta (-13.1%) resultsDollar is lower, Antipodeans benefit from higher metals prices, JPY is softer holding above 155.50 against the USDBonds are rangebound awaiting impetus from Tier 1 data later todayCrude is slightly lower in absence of energy-specific newsflow, XAU benefits from the weaker dollar, base metals are mostly firmerLooking ahead, US GDP Advance, PCE Advance, Initial Jobless Claims, Comments from ECB’s Nagel & Panetta, Supply from the US, Earnings from Merck, Microsoft, Gilead Sciences, Caterpillar, S&P Global, Intel, T-Mobile US & Alphabet.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mostly subdued after the uninspiring handover from the US; Australia and New Zealand markets were closed for ANZAC Day.US equity futures were pressured with underperformance in Nasdaq 100 after Meta shares dropped over 15% post-earnings.European equity futures indicate a slightly softer open with the Euro Stoxx 50 future -0.1% after the cash market closed down 0.4% on Wednesday.DXY is steady below the 106 mark, USD/JPY has gained a firmer footing on the 155 handle, EUR/USD rests above 1.0700.Looking ahead, highlights include German GfK, French Business Climate, US GDP Advance, PCE Advance, Initial Jobless Claims, Comments from ECB’s Schnabel, Supply from the US.Earnings from Barclays, Unilever, AstraZeneca, Vinci, STMicroelectronics, Airbus, BNP Paribas, Schneider Electric, Hermes, Pernod Ricard, Equinor, BE Semiconductor, Merck, Microsoft, Gilead Sciences, Caterpillar, S&P Global, Intel, T-Mobile US & Alphabet.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are mostly firmer; NQ outperforms, propped up by gains in Tech names – TSLA +10.5% pre-market, TXN +7.3%Dollar is firmer, AUD benefits from the risk tone and on hotter Aussie CPI, USD/JPY printed a high of 154.96USTs are pressured, giving back some of the PMI-induced gains; Bunds follow suit and eye YTD lowsCrude and XAU are subdued by Dollar strength, base metals remain resilientLooking ahead, US Durable Goods, Canadian Retail Sales, BoC Minutes, Comments from ECB’s Cipollone & Schnabel, Supply from the US, Earnings from Vinci, Carrefour, Boeing, Boston Scientific, Meta, Chipotle, AT&T, Thermo Fisher Scientific, IBM, Norfolk Southern & FordRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks gained as the region took impetus from the rally on Wall St where soft PMI data spurred a dovish reaction across asset classes.Tesla shares were up 13% post-earnings despite its results falling short of estimates as the Co. flagged a sooner launch of new and more affordable models.DXY holds below the 106 mark following yesterday's sell-off, EUR/USD is lingering around the 1.07 level, AUD boosted post-CPI.European equity futures indicate a higher open with the Euro Stoxx 50 future +0.4% after the cash market closed up 1.4% on Tuesday.Looking ahead, highlights include German Ifo, US Durable Goods, Canadian Retail Sales, BoC’s Minutes, Comments from ECB’s Cipollone & Schnabel, Supply from Germany & USEarnings from Vinci, Carrefour, Orange, Air Liquide, Iberdrola, Roche, Volvo Car, Boeing, Boston Scientific, Meta, Chipotle, AT&T, Thermo Fisher Scientific, IBM, Norfolk Southern & Ford.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European equities are entirely in the green; US equity futures trade modestly on either side of the unchanged mark.Dollar is slightly softer, EUR incrementally firmer post-EZ PMI; USD/JPY hits multi-decade highs once again.USTs initially remained in overnight ranges but succumbed to modest selling pressure following EZ PMIs.Crude is marginally firmer, underpinned by EZ PMIs; XAU continues to decline and base metals slip.Apple (AAPL) iPhone sales in China -19% in Q1 and down 24% Y/Y in the first six weeks of the year, according to Bloomberg citing Counterpoint Research.Looking ahead, US PMIs, US Richmond Fed Index, Comments from BoE’s Pill & ECB’s Nagel, Supply from the US, Earnings from Spotify, General Motors, Philip Morris, PepsiCo, RTX, Fiserv, UPS, Visa, Lockheed Martin & TeslaRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded with a mild positive bias after the tech-led rebound stateside.European equity futures indicate a higher open with the Euro Stoxx 50 future +0.5% after the cash market closed up 0.4% on Friday.DXY is holding above the 106 mark, EUR/USD lingers around 1.0650 and USD/JPY sits near its multi-year high.Crude futures edged modest gains in quiet trade, Bund futures took a breather after recently rebounding to above the 131.00 level.Looking ahead, highlights include French, EZ, UK, US PMIs, US Richmond Fed Index, Comments from BoE’s Pill & ECB’s Nagel, Supply from Germany, Italy & USEarnings from ASM, Kering, Associated British Foods, Novartis, Spotify, General Motors, Philip Morris, PepsiCo, RTX, Fiserv, UPS, Visa, Lockheed Martin & Tesla.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses trade mixed; Stateside futures are entirely in the green; US “Big 6” downgraded at UBSDollar is flat, Antipodeans benefit from positive risk appetite, whilst safe-havens are modestly sufferBonds are pressured and contained within a tight rangeCrude is subdued given the lack of geopolitical escalation over the weekend; XAU is softer and at session lowsLooking ahead, BoC's Market Participants Survey, Comments from ECB’s Lagarde, Supply from the US, Earnings from SAP, Renault, Verizon & Cleveland-CliffsRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mostly positive following the lack of any major geopolitical escalations over the weekend.China's benchmark Loan Prime Rates were maintained at their current levels, as expected.European equity futures indicate a higher open with the Euro Stoxx 50 future +0.4% after the cash market closed down 0.4% on Friday.DXY remains on a 106 handle, risk-sensitive antipodeans outperform, safe-havens JPY and CHF lag.Looking ahead, highlights include BoC's Market Participants Survey, Comments from ECB’s Lagarde & Villeroy, Supply from the US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Equities are entirely in the red, though well off worst levels following geopolitical events overnightIsrael conducted an operation against Iran which an Iranian official said was on a military airbase near Isfahan. However, Iran's Press TV later denied reports of a foreign attack in Iranian cities including IsfahanDollar lower and around 106.00, safe-haven status benefits CHF, whilst Antipodeans lagBonds are modestly firmer, though has pared the majority of the overnight advancesCrude soared overnight after Israel attacked an Iranian military base, though gave back gains after Iran downplayed the eventsLooking ahead, BoE’s Ramsden & Fed's Goolsbee, Earnings from SLB, American Express & PGRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were lower across the board as the initial tech-related selling stemming from Wall St was exacerbated by reports of explosions in Iran following an Israeli operation although stocks are off today's worst levels as Iran downplayed and later denied the attack.Israel conducted an operation against Iran which an Iranian official said was on a military airbase near Isfahan. However, Iran's press TV later denied reports of a foreign attack in Iranian cities including Isfahan.Iran's senior commander said the 'noise heard in Isfahan overnight was caused by air defence targeting one suspicious object', while he added 'there was no damage caused'.Sentiment overnight was “risk off”, but recovered from worst levels after Israel’s move seemed limited while Iran downplayed the event.Looking ahead, highlights include German Producer Prices, UK Retail Sales, Comments from BoE’s Ramsden & Fed's Goolsbee, Earnings from SLB, American Express & PG.Click here for the Newsquawk Week Ahead.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Equities mostly, but modestly firmer; TSMC beat Q1 expectations, though lower in the pre-marketDollar slightly lower, G10’s generally flat/firmer with newsflow lightBonds bid, continuing the upside seen following Wednesday’s auctionCrude is at lows, pressured by Israel/Iran reports; XAU edges higherLooking ahead, US IJC, Philly Fed, Comments from ECB’s Schnabel, Fed’s Williams, Bowman & Bostic, Earnings from EssilorLuxottica, L'Oreal, Netflix, Elevance Health & BlackstoneRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mostly higher after gradually shrugging off headwinds from Wall Street. US equity futures recovered some of their recent losses as the mood in Asia gradually improved, albeit with price action contained. European equity futures indicate a flat open with the Euro Stoxx 50 future unchanged after the cash market closed down 0.1% on Wednesday. DXY was lacklustre after retreating beneath the 106.00 level,  EUR/USD sat around yesterday's best levels, and USD/JPY briefly tested 154.00 to the downside.Fed's Bowman (voter) said progress on inflation has slowed and perhaps stalled, Fed's Mester (voter) said inflation is a little higher than expected this year and they could keep rates where they are for longer if inflation isn't moving down to 2%. Looking ahead, highlights include US IJC, Philly Fed, Comments from ECB’s de Guindos & Schnabel, Fed’s Williams, Bowman & Bostic, Supply from Spain, France & US, Earnings from EssilorLuxottica, L'Oreal, Danone, EasyJet, Rentokil, Segro, Nokia, TSMC, Netflix, Elevance Health & Blackstone.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Equities are in the green, except for the AEX, which is weighed on by poor ASML results; Luxury bellwether LVMH gains post-earningsDollar is lower though still above 106.00, Antipodeans outperform and GBP benefits post-CPIUSTs incrementally firmer, Gilts gapped lower following hotter-than-expected CPI though have pared to near unchangedCrude is pressured as markets await geopols updates, XAU is firmer, benefiting from recent Dollar weaknessLooking ahead, Fed Beige Book, Comments from ECB’s Lagarde & Schnabel, BoE’s Bailey, Greene & Haskel, Fed’s Bowman & Mester. Earnings from Citizens Financials & Abbott.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mixed as the region picked up the pieces from the prior day's heavy selling but with the recovery limited.Fed Chair Powell said the Fed can maintain the current rate for as long as needed if higher inflation persists.European equity futures indicate a positive open with the Euro Stoxx 50 future +0.2% after the cash market closed down 1.4% on Tuesday.DXY retains a firm footing on a 106 handle, support in EUR/USD held at 1.06, USD/JPY remains on a 154 handle.Israeli war cabinet meeting ended without making a final decision on the response to Iran, according to ABC citing a source.Looking ahead, highlights include UK CPI, PPI, EZ CPI (F), Fed Beige Book, Comments from ECB’s Lagarde, Cipollone & Schnabel, BoE’s Bailey, Greene & Haskel, Fed’s Bowman & Mester, Supply from UK, Germany & US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Equities are entirely in the red, continuing the negative price action seen in the prior sessionDXY holds around 106.30, Antipodeans suffer from the broader risk tone and mixed Chinese dataBonds are pressured, and Bunds more-so after German ZEW while Gilts gapped lower on wage numbersCrude is off best levels as focus remains on geopols, XAU lowerLooking ahead, Canadian CPI, New Zealand CPI, Comments from Fed’s Daly, Jefferson, Williams, Barkin, Powell, BoE’s Bailey & BoC's Macklem, IMF World Economic Outlook, Fed Discount Rate Minutes. Earnings from LVMH, United Health, UAL, Bank of America & Morgan Stanley.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

The S&P 500 posted its largest two-day decline in more than a year with the index down 2.6% since Friday.APAC stocks were lower amid concerns related to a potential 'imminent' response by Israel against Iran, while markets also digested mixed data from China.Better-than-expected Chinese GDP for Q1 was negated by disappointing Industrial Production and Retail Sales data.European equity futures indicate a negative open with the Euro Stoxx 50 future -1.2% after the cash market closed up 0.6% on Monday.DXY has gained a firmer footing on a 106 handle, EUR/USD moved closer to the 106 mark, antipodeans lag.Looking ahead, highlights include German Wholesale Price Index, ZEW, UK Jobs, Canadian & NZ CPI, Fed’s Daly, Jefferson, Williams, Barkin, Powell, ECB’s Rehn, BoE’s Bailey, Lombardelli & BoC's Macklem, IMF WEO, Fed Discount Rate Minutes, Supply from Netherlands & UK, Earnings from LVMH, United Health, UAL, Bank of America & Morgan Stanley.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Equities are firmer though with the FTSE 100 lagging, hampered by broader weakness in the crude complexDollar flat, AUD benefits from metals strength and JPY lagsBonds pressured in a continuation of recent price action, Bunds looking to test 132.00Crude lower after the Iran attacks were mostly nullified, XAU modestly firmerLooking ahead, US Retail Sales, Fed's Williams, BoE’s Breeden & ECB’s Lane & de Cos. Earnings from Goldman Sachs & Charles Schwab.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks mostly declined as participants reflected on the geopolitical events over the weekend and disappointing Chinese trade data.Iran launched its first direct attack on Israel which was largely intercepted with very little damage caused.European equity futures indicate a marginally higher open with the Euro Stoxx 50 future +0.4% after the cash market closed down 0.2% on Friday.DXY is pivoting around the 106 mark, JPY remains on the backfoot vs. the USD, EUR/USD and Cable sit on 1.06 and 1.24 handles respectively.Looking ahead, highlights include US Retail Sales, ECB Survey of Monetary Analysts, Comments from Fed’s Logan, BoE’s Breeden & ECB’s Lane, Earnings from Goldman Sachs & Charles Schwab.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are entirely in the green, Stateside futures are contained on either side of the unchanged markDollar is bid which has weighed on G10 peers, with EUR down to 1.0657Fixed complex higher with Bunds outperforming as markets digest Thursday’s ECB announcement and Fed divergenceCrude is bid given the heightened geopolitical environment, XAU makes record highsLooking ahead, Uni. of Michigan (Prelim.), BoE Forecast Review, Fed’s Collins, Schmid, Bostic & Daly, Earnings from Wells Fargo, JNJ & CitiRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mixed despite the gains on Wall St, with participants in the region cautious as they awaited the latest Chinese trade data. DXY was flat after mixed inflationary signals, EUR/USD remained lacklustre post-ECB, and USD/JPY took a breather and held on to the 153.00 status. ECB sources said as many as five officials needed extra convicting to hold back from rate cuts at Thursday's meeting and stronger-than-expected inflation data out of the US made policymakers more cautious. Israel is prepared for an Iranian strike from its territory in the next 48 hours, according to WSJ. European equity futures indicate a firmer open with the Euro Stoxx 50 future +0.7% after the cash market closed down 0.7% on Thursday. Looking ahead, highlights include UK GDP, Swedish CPIF, US Uni. of Michigan (Prelim.), BoE Forecast Review, Comments from ECB's Elderson, Fed’s Collins, Schmid, Bostic & Daly, Earnings from Blackrock, Wells Fargo, JNJ & Citi.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Equities are mostly lower, continuing the sell-off seen in the prior session; the RTY underperformsDollar is flat and firmly above 105, USD/JPY back on a 153 handleUSTs contained at post-CPI lows whilst Bunds dip lower ahead of the ECBCrude is incrementally firmer, XAU rangebound and base metals little changed despite softer Chinese inflation figuresLooking ahead, US IJC & PPI, ECB Policy Announcement & Lagarde Conference, Comments from Fed's Williams, Collins, Bostic & Barkin, Supply from the USRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were subdued after hotter-than-expected US CPI reverberated across global markets.Softer-than-expected Chinese CPI and persistent producer price deflation kept the door open for future support measures.European equity futures indicate a contained open with the Euro Stoxx 50 future flat after the cash market closed up 0.2% on Wednesday.DXY has held onto 105 status, USD/JPY ventured above 153, EUR/USD heads into the ECB on a 1.07 handle.Looking ahead, highlights include US IJC & PPI, ECB Policy Announcement & Lagarde Conference, Comments from Fed's Williams, Collins, Bostic & Barkin, Supply from Italy & US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are firmer across the board, US futures contained into CPIDXY and USTs broadly steady ahead of the main US eventsGilts bounced back to unchanged post-supply after initial underperformance, Bunds off best after their own auctionCrude benchmarks modestly firmer in thin ranges, XAU contained while base metals grind higherLooking ahead, highlights include US CPI, BoC Policy Announcement, FOMC Minutes, Comments from Fed's Bowman, Barkin & Goolsbee, Supply from the US, Earnings from Delta.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US stocks eventually eked slight gains, APAC stocks traded mixed ahead of upcoming risk events and a slew of market closures.Fitch revised China's outlook to Negative and affirmed its rating at A+.European equity futures indicate a higher open with the Euro Stoxx 50 future +0.6% after the cash market closed down 1.1% on Tuesday.RBNZ kept the OCR unchanged as expected and noted that a restrictive monetary policy stance remains necessary.DXY is steady above the 104 mark, NZD the notable outperformer post-RBNZ, other majors are steady.Looking ahead, highlights include include Norwegian CPI, US CPI, BoC Policy Announcement, FOMC Minutes, Comments from Fed's Bowman, Barkin & Goolsbee, Supply from UK, Germany & US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses in the red with US futures flat in catalyst-thin tradeDXY steady for much of the morning before USD/JPY came under pressure on a BoJ-related source reportFixed income benchmarks bid with EGBs outperforming, no reaction to supply but latest ECB BLS perhaps factoringCommodities firmer; crude gains incremental while XAU hit a fresh ATHLooking ahead, highlights include US Supply & SNB's Schlegel; EIA STEO.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mostly higher but with price action relatively rangebound with global markets lacking major catalysts.European equity futures indicate a lower open with the Euro Stoxx 50 future -0.2% after the cash market closed up 0.6% on Monday.FX markets are contained with DXY holding above the 104 mark, USD/JPY continues to eye the YTD peak and 152 level.Israeli Prime Minister Netanyahu said that a date has been set for a Rafah invasion in Gaza.Looking ahead, highlights include Supply from the UK, Germany & US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses have meandered higher after a contained open, US futures near unchangedGeopols. and US-China talks in focus; Hamas sources report no progress in Cairo negotiationsDXY steady but towards the top-end of the day’s range with peers generally steady in limited newsflowCore fixed benchmarks lower in an extension of Friday’s bearish action, US yields higher across the curveWTI and Brent pressured as geopolitically tensions did not materially escalated over the weekend, XAU at a fresh record highLooking ahead, highlights include US NY Fed SCE, SNB's Jordan, BoE's Breeden & Fed's GoolsbeeRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mixed ahead of this week's risk events and despite last Friday's strong NFP report and US-China talks.Fed's Bowman (voter) said on Friday that cutting rates too soon risks a rebound in inflation and although unlikely, it is possible the Fed may have to hike rates again to cool inflation.Spot gold was initially pressured in early trade alongside weakness across commodities but later printed a fresh record high above USD 2,350/oz.European equity futures indicate a flat open with the Euro Stoxx 50 future unchanged after the cash market closed down 1.1% on Friday.Looking ahead, highlights include German Industrial Output & Trade Balance, EZ Sentix, Comments from SNB’s Jordan and Supply from the Eurozone.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European equities lower across the board in catch-up play from the late selling seen on Wall St.DXY unchanged with G10s rangebound into NFPFixed income benchmarks slightly softer as they give back some of Thursday’s risk-inspired upsideCommodities feature modest gains for crude and XAUPayrolls aside, markets attentive for any further escalation in geopolitical tensions into a potential risk-fuelled weekendLooking ahead, highlights include US NFP, Canadian Jobs. Comments from Fed's Collins, Barkin, Bowman & Logan.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks followed suit to the losses in the US amid geopolitical concerns and hawkish-leaning Fed rhetoric.Fed's Kashkari and Goolsbee noted that it is possible the Fed will not cut this year if inflation stalls.European equity futures indicate a weaker open with the Euro Stoxx 50 future -1.3% after the cash market closed flat on Thursday.DXY is a touch firmer, EUR/USD eased back from two weeks highs but remains on a 1.08 handle, antipodeans lag.The CIA reportedly warned of an imminent retaliatory attack on Israel by Iran, while Israel raised its alert level at embassies worldwide.Looking ahead, highlights include US NFP, Canadian Jobs, German Industrial Orders, EZ/UK Construction PMIs, EZ Retail Sales, Comments from Fed's Collins, Barkin, Bowman & Logan.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses a touch firmer post-PMIs after a flat open, US futures tilting higher in tandem into IJC and Fed appearancesDXY softer and approaching 104.00, EUR inches higher post-PMIs, JPY stead, CHF lagsEGBs bid despite PMI pressure though off highs in somewhat limited newsflow, USTs flatBase metals continue to climb with 3M LME Copper at a 52-week high, crude contained and XAU slightly softerLooking ahead, highlights include US Challenger Layoffs, IJC, Canadian Trade, ECB Minutes and Appearances from Fed’s Harker, Barkin, Goolsbee, Mester & KashkariRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded higher as sentiment picked up from the choppy mood and mixed data releases stateside.Fed Chair Powell said if the economy evolves as the Fed expects, most on the FOMC expect to cut rates later this year.European equity futures indicate a slightly positive open with the Euro Stoxx 50 future +0.1% after the cash market closed up 0.5% on Wednesday.DXY has pulled back further from 105, antipodeans outperform, EUR/USD extended on gains above 1.08.Looking ahead, highlights include Swiss CPI, EZ & UK Final Services & Composite PMI, EZ Producer Prices, US Challenger Layoffs, IJC, Canadian Trade, BoE Decision Maker Panel, ECB Minutes, Comments from Fed’s Harker, Barkin, Goolsbee, Mester & Kashkari, Supply from Spain, France, UK & US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are modestly firmer, US equity futures are in the red though with trade containedDollar is flat and G10 peers are incrementally softerUSTs are incrementally softer whilst Bunds are firmer after dovish-tilting speak from ultra-hawk Holzmann coupled with softer EZ-HICP metricsCrude is incrementally firmer but within recent levels, XAU is off bestLooking ahead, US ADP, ISM Services, Australian PMI (F), OPEC+ JMMC, Comments from Fed’s Powell, Bowman, Goolsbee, Barr & Kugler. Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks followed suit to losses in the US where treasuries bear-steepened and oil prices ramped up.Fed's Daly said there is no urgency to adjust the rate, Mester doesn't see the case for cutting at the next meeting.European equity futures indicate a contained open with the Euro Stoxx 50 future flat after the cash market closed lower by 0.8% on Tuesday.DXY remains on a 104 handle with FX markets overall steady, USD/JPY lingers above the 151.50 mark.Looking ahead, highlights include EZ CPI, Italian Unemployment Rate, US ADP, ISM Services, OPEC+ JMMC, Comments from Fed’s Powell, Bowman, Goolsbee, Barr & Kugler, Supply from Germany.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Equities are mixed, with clear outperformance in the Energy/Basic Resources names amid broader strength in the underlying commodity pricesDollar is flat and holds around 105, AUD outperforms given the rally in metals pricesBonds are mixed, USTs are flat and hold near post-ISM lows, whilst Bunds play catch up; a modest dovish reaction was seen following German state CPIsCommodities are entirely in the green, Crude benefits from heightened geopolitical tensions and constructive US/Chinese PMIsLooking ahead, German national CPI, US Durable Goods, JOLTS Job Openings, Comments from Fed’s Bowman, Williams, Mester & Daly.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mixed after the weak performance on Wall St where hot ISM Manufacturing PMI saw markets trim Fed rate cut bets.European equity futures indicate a contained open with the Euro Stoxx 50 future little changed after the cash market closed flat on Thursday.DXY sits on a 105 handle, EUR/USD slipped below 1.08, USD/JPY extended upside and Cable gave back the 1.26 handle.Crude futures remained afloat after recently gaining on the back of US and Chinese PMI data and amid geopolitical tensions.Looking ahead, highlights include EZ and UK final Manufacturing PMI, German regional and national CPI, US Durable Goods, JOLTS Job Openings, ECB Survey of Consumer Expectations, Comments from Fed’s Bowman, Williams, Mester & Daly, Supply from Germany.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses hold a positive bias whilst Stateside futures are subdued ahead of a busy docketDollar bid acting as a drag on G10 peers, Antipodeans lagBonds are lower in a continuation of post-Waller price actionCrude and XAU remains in the green despite the stronger Dollar as geopols remain in focusLooking ahead, Highlights include US GDP (F), IJC, UoM Inflation Expectations (F), Japanese Tokyo CPI & Unemployment Rate, Comments from ECB’s Knot, BoE’s Mann & RBNZ's Orr, Earnings from Walgreens.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks partially sustained the momentum from the late ramp-up on Wall St heading into quarter-end.Fed's Waller said still no rush to cut rates and the Fed may need to maintain the current rate target for longer than expected.European equity futures indicate a positive open with the Euro Stoxx 50 future +0.3% after the cash market closed up 0.4% on Wednesday.DXY is contained on a 104 handle, EUR/USD is holding above 1.08 and USD/JPY remains on a 151 handle.BoE's Haskel warned against rushing to cut rates and thinks that rate cuts should be "a long way off", according to the FT.Looking ahead, highlights include German Retail Sales, UK GDP (Q4 2nd reading), German Unemployment, US GDP (F), IJC, UoM Inflation Expectations (F), Japanese Tokyo CPI & Unemployment Rate, Comments from ECB’s Knot, BoE’s Mann & RBNZ's Orr.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are mixed whilst Stateside futures are entirely in the greenDollar is flat, JPY higher after a BoJ/MoF/FSA meeting which only resulted in further jawboning from Top Currency Diplomat KandaBonds mixed though price action has been contained; Bunds rose incrementally on Spanish CPI, upside which proved fleetingCrude is softer in a continuation of post-private inventory data action, XAU bidLooking ahead, SARB Policy Announcement, BoJ SOO, Comments from ECB’s Elderson & Fed's Waller, Supply from the USRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mixed after the subdued handover from Wall St heading into quarter-end and Easter.European equity futures indicate a slightly softer open with the Euro Stoxx 50 future -0.1% after the cash market closed up 0.4% on Tuesday.DXY is a touch firmer on a 104 handle, USD/JPY printed a fresh 33yr high, FX markets are otherwise contained.BoJ's Tamura said that based on the current economic and price outlook, the BoJ is likely to maintain accommodative monetary conditions for the time being.Looking ahead, highlights include Spanish CPI, Retail Sales, EZ Business Sentiment, Riksbank & SARB Policy Announcement, BoJ SOO, Comments from ECB’s Cipollone, Elderson & Fed's Waller, Supply from Italy, Germany & US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are mixed though have been edging higher, taking impetus from strength in US equity futuresDollar is weaker, NZD benefits from a softer AUD/NZD crossBonds incrementally firmer and Gilts outperform after BoE’s MannCrude is modestly softer, XAU higher and near session highsLooking ahead, US Durable Goods, Philly Fed Non-manufacturing Business Outlook, Richmond Fed Survey, BoC’s Rogers and ECB’s Lane, Supply from the USRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were choppy after a similarly subdued handover from Wall St.European equity futures indicate a contained open with the Euro Stoxx 50 future flat after the cash market closed up 0.3% on Monday.FX markets are steady, DXY holds above 104, PBoC delivered another firmer-than-expected CNY fix.Crude is flat but holding onto recent gains, Bunds attempted to recoup recently lost ground.Looking ahead, highlights include US Durable Goods, Philly Fed Non-manufacturing Business Outlook, Richmond Fed Survey, Comments from RBNZ’s Conway, BoC’s Rogers and ECB’s Lane, Supply from Netherlands, UK, Germany & USRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Equities mostly and modestly lower, following on from a downbeat session in China/Japan overnightDollar is flat, Antipodeans modestly firmer benefitting from a stronger YuanBonds are incrementally softer ahead of a 2yr US auctionCrude is firmer, whilst base metals are entirely in the red hampered by poor Chinese price action overnightLooking ahead, Comments from ECB’s Lagarde, Fed’s Bostic, Goolsbee, Cook & BoE’s Mann, Supply from the USRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mixed amid a lack of major macro drivers heading into month-end and a slew of data releases.Fed’s Bostic (voter) adjusted his projection to one rate cut this year and at a later start vs. previous view of two cuts.European equity futures indicate a flat open with the Euro Stoxx 50 future unchanged after the cash market closed down 0.4% on Friday.DXY is a touch softer, EUR/USD found support at 1.08, Cable is back on a 1.26 handle, USD/JPY tested 151 to the downside.Looking ahead, highlights include comments from ECB’s Lagarde, Fed’s Bostic & BoE’s Mann, supply from US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Equities are modestly firmer; European sports retailers are hit post-Nike earningsDollar bid, largely a factor of broader G10 weakness, Antipodeans underperform following the glum mood in China overnightBonds continue their dovish price action, and little changed following positive German IfoCrude is modestly softer and base metals are entirely in the red, dragged down by Dollar strengthLooking ahead, Canadian Retail Sales, comments from ECB’s Lane, Fed’s Powell, Barr, Jefferson & BosticRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were ultimately mixed after momentum from the fresh record highs on Wall Street waned, Hang Seng and Shanghai Comp. suffered.DXY extends on gains above 104.00 after recent firm US data and pressure in Asia-Pac counterparts, USD/JPY traded indecisively.The latest Japanese CPI data was mostly softer-than-expected but the Core reading matched estimates at a four-month high.BoE Governor Bailey said rate cuts were in play at future BoE meetings amid signs tighter policy quelled the risk of a wage-price spiral, according to FT.Looking ahead, highlights include UK Retail Sales, German Ifo, Canadian Retail Sales, Japan’s Rengo (2nd tally), comments from ECB’s Lane, Fed’s Powell, Barr & Bostic.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Equities firmer in a continuation of the post-Fed rally; European bourses off best after EZ PMIsDollar stronger, AUD bid post-jobs data and CHF lower after SNB cut rates by 25bpsBonds higher taking impetus from the poor French PMI and dire accompanying German commentaryCrude pares initial gains, base metals benefit from risk sentimentLooking ahead, US IJC, Fed's Barr, Supply from the US, Earnings from FedEx, NikeRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Fed kept rates unchanged and reaffirmed its 2024 three rate cuts projection, 2025 and 2026 FFR forecast raised.Powell noted that January/February CPI and PCE data was quite high, but there are reasons to believe there were seasonal factors at play.APAC stocks were mostly underpinned after the fresh record levels on Wall St post-"dovish" FOMC.European equity futures indicate a higher open with the Euro Stoxx 50 future +1.2% after the cash market closed down 0.2% on Wednesday.DXY was soft post-FOMC, AUD boosted by strong jobs data, USD/JPY is back below 151, GBP eyes BoE.Looking ahead, highlights include French, German, EZ, UK & US PMIs, US IJC, Japanese CPI, BoE, SNB, Norges & CBRT Policy Announcements, Comments from Norges Bank Bache, SNB's Jordan & Fed's Barr, Supply from Spain, France & US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European equities are mostly lower, with the CAC 40 dragged down by Luxury names after Kering issued a profit warning; US equity futures modestly softerDXY firmer, taking impetus from the weaker Yen; USD/JPY above 151.70Bonds hold a bullish bias following softer UK CPI, as attention turns to the FOMCCrude and base metals are softer owing to the firmer Dollar and tentative risk toneLooking ahead, Australian PMIs, FOMC, CNB, BCB Policy Announcements, BoC Minutes, Comments from Fed Chair Powell, ECB's Schnabel, Earnings from General Mills & PDDRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded cautiously and mostly rangebound ahead of the FOMC and with Japanese markets closed.European equity futures indicate a lower open with the Euro Stoxx 50 future -0.4% after the cash market closed up 0.5% on Tuesday.In the luxury sector, Kering has warned of a 20% plunge in Q1 Gucci sales.DXY is contained below the 104 mark, JPY lags with USD/JPY above 151.50, GBP eyes UK CPI metrics.Looking ahead, highlights include UK CPI, EZ Consumer Confidence, Australian PMIs, FOMC, CNB, BCB Policy Announcements, BoC Minutes, Comments from Fed Chair Powell, ECB's President Lagarde, de Cos, Lane & Schnabel, Supply from Germany.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are mixed; US equity futures are lower, RTY underperformsBoJ carried out a widely telegraphed and dovish exit from NIRP, YCC and ETF/J-REIT buying; RBA U/C, dovish tweak to guidanceDollar is firmer and trades around 104.00, JPY underperforms post-BoJ, AUD pressured post-RBABonds incrementally firmer as attention turns to US 20yr supplyCrude and XAU are modesty softer, weighed on by the stronger DollarLooking ahead, Canadian CPI & Supply from the USRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mixed as markets digested the first of this week's central bank announcements.BoJ carried out a widely telegraphed and dovish exit from NIRP, YCC and ETF/J-REIT buying.RBA kept rates unchanged whilst providing a dovish tweak to its guidance on rates.JPY and AUD lag peers post-rate decisions with USD/JPY back on a 150 handle.European equity futures indicate a slightly lower open with the Euro Stoxx 50 future -0.3% after the cash market closed down 0.1% on Monday.Looking ahead, highlights include EZ Labour Costs, German ZEW, Canadian CPI, Comments from BoJ Governor Ueda & ECB’s de Guindos, Supply from UK & US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Equities are in the green amid a constructive risk tone; Nvidia gains pre-market ahead of its GTCDollar is flat, JPY is modestly softer and back on a 149 handle ahead of BoJ on TuesdayBonds are incrementally weaker, though with price action containedCrude is firmer following constructive Chinese activity data and heightening geopolitical tensionsLooking ahead, comments from Nvidia CEO HuangRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were somewhat mixed as participants brace for this week's busy slate of central bank announcements.China released better-than-expected Industrial Production and Retail Sales data.European equity futures indicate a positive open with the Euro Stoxx 50 future +0.2% after the cash market closed down 0.1% on Friday.DXY sits in a tight range below 103.50 with other FX majors contained. USD/JPY edged marginally above 149.GS adjusted its Fed rate cut forecast to 3 (vs. prev. 4), JPMorgan now expects 75bps of cuts this year (vs prev. 125bps)Looking ahead, highlights include Norwegian GDP & EZ CPI (F).Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Equities are mostly modestly firmer; Adobe lower in the pre-market after soft guidanceDollar is flat, RENGO wage hike fails to lift the YenBonds are contained at post-PPI lows and Gilts continue to underperformCrude pulls back from best levels whilst copper holds at multi-month highsLooking ahead, US Import Prices, Canadian Wholesale Trade, UoM Inflation Expectations, Comments from ECB’s LaneRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks declined amid data-related headwinds from the US including hot PPI and weak Retail Sales.Markets await the RENGO wage announcement and its potential ramifications for next week's BoJ policy announcement.European equity futures indicate a contained open with the Euro Stoxx 50 future -0.1% after the cash market closed down 0.2% on Thursday.DXY has gained a firmer footing above the 103 mark, EUR/USD is back below 1.09, NZD lags across the majors.Looking ahead, highlights include German Wholesale Price Index, US Import Prices, Canadian Wholesale Trade, UoM Inflation Expectations, BoE Inflation Attitudes Survey, Japan’s Rengo Wage Hike Announcement, Comments from ECB’s Lane.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Equities are mostly firmer with slight outperformance in the NQ, paring some of the prior days lossesDollar is contained and G10s are mostly flat with slight strength seen in the NZD & GBPBonds hold a bearish tilt, continuing price action seen in the prior few days; Bunds caught a slight bid following dovish remarks from ECB’s StournarasCrude is firmer and near session highs, base metals are entirely in the redLooking ahead, US IJC, PPI, Retail Sales, NZ Manufacturing PMI, Comments from ECB’s Schnabel, Knot, de Guindos, Supply from the US, Earnings from Dollar GeneralRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mixed after the indecisive performance stateside amid light catalysts and tech weakness.European equity futures indicate a flat open with the Euro Stoxx 50 future unchanged after the cash market closed up 0.4% on Wednesday.BoJ decision is seen coming down to the results of Japan's annual wage negotiations, according to Nikkei.DXY is steady below the 103 mark with other majors contained, USD/JPY eyes a 148 handle.Looking ahead, highlights include US IJC, PPI, Retail Sales, NZ Manufacturing PMI, IEA OMR, Comments from ECB’s Elderson, Schnabel, Knot, de Guindos & Japan's Top Currency Diplomat Kanda, Supply from Japan & US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are modestly firmer, whilst US equity futures are mixed with slight underperformance in the NQDollar is incrementally higher and the JPY continues to underperformBonds are mixed with Gilts paring back Tuesday’s gainsCrude is firmer and near session highs, base metals are mixed but with outperformance in CopperLooking ahead, ECB Operational Framework Review, Speech from ECB’s Cipollone & RBNZ’s Conway, Supply from the USRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mixed as early momentum from the tech-led gains on Wall St was offset by Chinese developer default concerns.Toyota, Nissan, Panasonic, Hitachi & Nippon Steel were among the companies that have responded to Japanese unions' wage hike demands in full.European equity futures indicate a flat open with the Euro Stoxx 50 future unchanged after the cash market closed up 1.1% on Tuesday.DXY is steady below the 103 mark, USD/JPY trades around the 147.50 level, antipodeans marginally outperform.Looking ahead, highlights include UK GDP, Services, Industrial Output, Trade Balance, EZ Industrial Production, ECB Operational Framework Review, Speech from ECB’s Cipollone & RBNZ’s Conway, Supply from Italy, Germany & US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are modestly firmer, whilst US equity futures are mixed; the NQ narrowly outperforms led by tech optimism post Oracle resultsDollar is flat, JPY underperforms post-Ueda and the Pound lags after softer-than-expected jobs dataBonds are modestly firmer, taking the lead from Gilt outperformance following the region's jobs dataCrude is firmer as geopolitical themes remain; XAU is lowerLooking ahead, US CPI, EIA STEO, OPEC OMR, Supply from the US, Comments from BoE's BaileyRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mixed following the tentative mood stateside and as participants await US CPI data.BoJ Governor Ueda refrained from any overly hawkish rhetoric and noted weakness in consumption of non-durable goods.European equity futures indicate a higher open with the Euro Stoxx 50 future +0.6% after the cash market closed down 0.6% on Monday.DXY remains sub-103, JPY lags post-Ueda, other majors are broadly contained.Looking ahead, highlights include German CPI (F), UK Employment Data, US CPI, Comments from Japan's Top Currency Diplomat Kanda, EIA STEO, OPEC OMR, Supply from Netherlands, UK, Germany & US. Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European equities are lower, dragged down by losses in the semi-conductors; US equity futures are mixedDollar is flat, JPY continues its recent advances, helped by the regions GDP figuresBonds are contained within relatively tight ranges; ECB’s Kazimir sparked a modest hawkish reactionCrude is modestly firmer; XAU flat and base metals mixedLooking ahead, US Employment Trends, Japanese Corporate Goods Price, NY Fed Survey of Consumer Expectations, Supply from the US, Earnings from Oracle.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded with a downbeat mood with most major indices pressured after Friday's tech-led declines in the US.Japan's revised Q4 GDP data missed expectations but showed the economy averted a technical recession.Chinese inflation data showed a return to acceleration in consumer prices; CPI YY (Feb) 0.7% vs. Exp. 0.3% (Prev. -0.8%).DXY sits on a 102 handle with FX markets broadly contained. USD/JPY is just below the 147 mark.European equity futures indicate a lower open with the Euro Stoxx 50 future -0.5% after the cash market closed down 0.3% on Friday.Looking ahead, highlights include US Employment Trends, Japanese Corporate Goods Price, ECB Survey of Monetary Analysts, NY Fed Survey of Consumer Expectations, Supply from US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European equities are mixed, with trade fairly rangebound ahead of the US NFP reportDollar is flat, JPY is bid post-BoJ sources and EUR is hampered by dovish ECB rhetoricBonds are bid, with EGBs lifted by dovish ECB speak and ahead of the US NFPCrude gives back earlier gains; XAU sits at highsLooking ahead US NFP, Canadian Employment, and comments from Fed’s Williams.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks took impetus from the fresh record levels on Wall Street amid dovish tailwinds, Nikkei gained despite the recent JPY strength.DXY languished beneath 103.00, EUR/USD lingered around 1.0950, USD/JPY tested yesterday's lows, and Antipodeans remained afloat.Fed Chair Powell suggested they are not far from being confident to cut rates and he could see the case for shortening the maturity of Fed holdings, while he would prefer not to hold MBS.Fed’s Mester (voter) said a couple more inflation reports could give confidence on inflation with the Fed likely in a position later this year to cut rates.ECB's Nagel sees a rising chance of a rate cut before policymakers' break for summer, although this will be data-dependent, but the prospects have brightened. Looking ahead, highlights include German Industrial Output, Producer Prices, Swiss GDP, French Trade, Italian Producer Prices, EZ Employment, US NFP, Canadian Employment, and comments from Fed’s Williams.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Equities are mixed, with sentiment improving across the indices throughout the European morningDollar is lower weighed on by a strong JPY after further BoJ speak & Rengo wage demands; USD/JPY back below 148.00Treasuries are modestly firmer with EGBs boosted by a strong French auction and awaiting the ECBCrude is softer, XAU remains at highs and base metals are entirely in the greenLooking ahead, US Challenger Layoffs, International Trade, Initial Jobless Claims, Canadian Trade, Japanese Household Spending, ECB Policy Announcement, Comments from ECB President Lagarde, Fed’s Powell & Mester, Supply from the US, Earnings from Costco & Marvell.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mixed as participants second-guessed central bank policies and digested Chinese trade data.Fed's Kashkari (non-voter) said he currently thinks there will be two rate cuts for 2024 which could potentially just be one.European equity futures indicate a contained open with the Euro Stoxx 50 future -0.1% after the cash market closed up 0.5% on Wednesday.In FX, DXY was contained after yesterday's selling, JPY strength has continued with USD/JPY on a 148 handle.Looking ahead, highlights include German Industrial Orders, US Challenger Layoffs, International Trade, Initial Jobless Claims, Canadian Trade, Japanese Household Spending, ECB Policy Announcement, BoE Monthly Decision Maker Panel, Comments from ECB President Lagarde, Fed’s Powell & Mester, Supply from Spain, France & USRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Equities are firmer as sentiment improves from the prior session; Chair Powell aheadDollar lower, JPY bid after BoJ sources, Antipodeans benefit from risk toneAt the March BoJ policy meeting some attendees are reportedly likely to say that lifting negative interest rates is reasonable, via JiJiBonds softer with Gilts pressured ahead of the UK BudgetCrude benefits from a bullish-leaning private inventory yesterday; XAU flat but remains near highsLooking ahead, US ADP National Employment, Wholesale Inventory, JOLTS, BoC and NBP Policy Announcement, Fed Beige Book, UK Budget, Comments from Fed Chair Powell, Daly & KashkariRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mostly choppy with early pressure following the tech-led declines stateside.Super Tuesday projections point to a rematch between US President Biden and former President Trump.European equity futures indicate a slightly positive open with Euro Stoxx 50 future +0.1% after the cash market closed down 0.4% on Tuesday.DXY is uneventful on a 103 handle, USD/JPY traded on both sides of 150.00, antipodeans outperform.Looking ahead, highlights include German Trade, EZ Retail Sales, US ADP, Wholesale Inventory, JOLTS, BoC and NBP Policy Announcements, Fed Beige Book, UK Budget, Comments from Fed Chair Powell, Daly & Kashkari.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Equities are entirely in the red; the NQ lags, dragged down by Apple and TeslaDollar is flat, with G10’s mostly lower though the Yen holds firm post-CPIBonds are firmer, though revised EZ PMIs spurred a gradual hawkish move for EGBsCrude lacks direction, XAU continues to trade higher and base metals are mixedAPAC focus on hot Tokyo CPI and China’s 2024 GDP target being set around 5%, as expectedLooking ahead, US PMI, US IBD/TIPP Economic Optimism, Durable Goods, ISM, US Primary “Super Tuesday”, Comments from Fed's Barr, Earnings from Target & CrowdstrikeRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mixed as the region digested China's Work Report and Caixin Services PMI data.China unveiled the government work report with the 2024 GDP growth target set at around 5%, as expected.European equity futures indicate a slightly softer open with Euro Stoxx 50 future -0.3% after the cash market closed up 0.4% on Monday.DXY remains sub-104, USD/JPY lingers around the 150.50 mark, EUR/USD uneventful around 1.0850, antipodeans lagFed's Bostic said when rate cuts start, they will not be back-to-back but will likely be followed by a pause; still sees two rate cuts this year with the first in Q3.Looking ahead, highlights include EZ, UK & US PMI, EZ Producer Prices, US IBD/TIPP Economic Optimism, Durable Goods, ISM, US Primary “Super Tuesday”, Comments from Fed's Barr, Supply from UK & GermanyRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European and US equities are mixed and trading on either side of the unchanged mark; slight RTY outperformanceDXY is flat, JPY underperforms and is comfortably above 150.00Bonds are mixed but rangebound, Treasuries underperform slightlyCrude is softer and unable to benefit from the OPEC+ cut extension; Geopols and ceasefire talks remain in focusLooking ahead, Australian PMI, Tokyo CPI, Comments from Fed’s Harker & ECB's HolzmannRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mixed amid a tentative mood ahead of an event-packed week.European equity futures indicate a slightly higher open with Euro Stoxx 50 future +0.2% after the cash market closed up 0.4% on Friday.DXY is sub-104, JPY marginally lags across the majors with price action otherwise contained in the FX space.OPEC+ members agreed to extend voluntary cuts to Q2 whereby Saudi Arabia is to extend its voluntary oil cut of 1mln bpd.UK Chancellor Hunt said he wants to move towards lower taxes but will only do so in a responsible way.Looking ahead, highlights include German Import Prices, Swiss CPI, EZ Sentix Index, Australian PMI, Tokyo CPI, Comments from Fed’s Harker.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European equities began the session on a firm footing, though have succumbed to selling pressure after the hotter-than-expected EZ CPI print; US futures lower, with RTY hampered by NYCB lossesThe EZ metric sparked a fleeting hawkish reaction in the bond complex; soon-after EGBs moved to session highs, as the cooling narrative remains in-play & a June cut is still pricedDollar holds around flat and the Yen underperforms after dovishly-perceived comments from Ueda overnightCrude is bid, though with catalysts light; XAU continues to build on the prior day’s gainsLooking ahead, US and Canadian Manufacturing PMI, US UoM Inflation Expectations, Comments from BoE’s Pill, Fed's Barkin, Waller, Logan, Kugler, Bostic & Daly.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded with positive bias amid tailwinds from the US, while participants also reflected on the latest Chinese PMI figures.Fed's Williams doesn't see a sense of urgency to cut rates, Mester says three cuts in 2024 still 'feels about right'.European equity futures indicate a higher open with Euro Stoxx 50 future +0.5% after the cash market closed down 0.1% on Thursday.DXY is back above 104, JPY lags post-Ueda comments, AUD marginally outperforms.Looking ahead, highlights include EZ, US and Canadian Manufacturing PMI, Italian and EZ CPI, US UoM Inflation Expectations, Comments from BoE’s Pill, Fed's Barkin, Waller, Logan, Kugler, Bostic & Daly.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Equities are mixed, with the Dax 40 continuing to trade near/at ATHs, and as attention remains on US PCEDollar is modestly weaker, largely a factor of the strong JPY after hawkish leaning BoJ speakBonds are pressured following the hotter-than-expected European CPI dataCrude is pressured with a lack of fresh catalysts; XAU initially benefitted from the weaker Dollar, though now off best levelsLooking ahead, US PCE Price Index, IJC, Chicago PMI, Canadian GDP, Australian PMI, Japanese Unemployment Rate, Comments from Fed’s Bostic, Goolsbee & Mester, Earnings from Bath & Body Works, Best Buy & Hewlett Packard EnterprisesRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were choppy at month-end after the lacklustre handover from the US ahead of PCE price data.Fed voter Williams said three interest rate cuts in 2024 is reasonable for Fed officials to debate.US Congressional leaders have reached a deal to avoid a March 2nd partial government shutdown.European equity futures indicate a steady open with Euro Stoxx 50 future flat after the cash market closed flat on Wednesday.DXY is back below 104 as USD/JPY sits south of 150 post-hawkish BoJ comments from board member Takata.Looking ahead, highlights include French, Spanish, German CPI, German Retail Sales, Unemployment, US PCE Price Index, IJC, Chicago PMI, Canadian GDP, Australian PMI, Japanese Unemployment Rate, Comments from Fed’s Bostic, Goolsbee & MesterRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European equities are mixed, whilst US futures are entirely in the red, with Nvidia weighing on the NQDollar is firmer and reclaims 104 status, focus remains on USD/JPY with YTD high in sights; Kiwi underperforms following a dovish hold at the RBNZBonds are incrementally firmer with specifics light and supply heavy, awaiting US GDP 2nd estimateCrude and base metals are hampered by the firmer DollarLooking ahead, US GDP (2nd), PCE Prices Prelim. (Q4), Japanese Retail Sales, Comments from Fed's Bostic, Collins, Williams & BoE's Mann.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded cautiously and followed suit to the rangebound performance seen on Wall St.RBNZ kept the OCR unchanged and lowered its OCR projections to suggest a reduced chance of a hike.NZD is the standout laggard across the majors, USD/JPY remains in close proximity to the YTD peak.European equity futures indicate a slightly lower open with Euro Stoxx 50 future -0.1% after the cash market closed up 0.4% on Tuesday.Looking ahead, highlights include EZ Consumer Confidence (Final), US GDP (2nd), PCE Prices Prelim. (Q4), Japanese Retail Sales, Comments from Fed's Bostic, Collins, Williams & BoE's Mann, Supply from UK, Italy & Germany.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses modestly firmer having picked up from an uneventful open with newsflow limitedDXY fell below Monday’s trough with pressure coming via JPY strength after Japanese CPISession’s focus for fixed income is supply, EGBs stuck near unchanged levels while USTs are a touch firmerCommodities near unchanged levels as we await fresh geopolitical developments, latest pour some cold water on Biden’s framing. Metals bid, benefitting from USD/yields.Fed's Schmid (non-voter) said there is no need to pre-emptively adjust the stance of policyLooking ahead, highlights include US Durable Goods, Richmond Fed, NBH, Fed Discount Rate Minutes, Comments from Fed's Barr, BoE's Ramsden, ECB's Elderson, Supply from the USClick here for the Newsquawk Week Ahead.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mixed after the lacklustre handover from the US as markets braced for looming risk events.Fed's Schmid (non-voter) said there is no need to pre-emptively adjust the stance of policy.Hamas officials are "disappointed" with the framework of the hostage deal that was presented in Paris last Friday.Japanese CPI data printed firmer-than-expected but showed a slowdown with Core CPI at the central bank's 2% target.European equity futures indicate a slightly lower open with Euro Stoxx 50 future -0.2% after the cash market closed down 0.2% on Monday.DXY remains sub-104.00, JPY marginally outperforms post-Japanese CPI, NZD continues to lag.Looking ahead, highlights include German GfK, EZ M3, US Durable Goods, Richmond Fed, NBH, Fed Discount Rate Minutes, Comments from Fed's Barr, BoE's Ramsden, ECB's Elderson, Supply from Netherlands, UK, Germany & US, Earnings from Smith & Nephew, Abrdn, Puma, Campari, Banco BPM & Lowe'sRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Equity bourses/futures under modest pressure with newsflow light after a weekend of heavy geopols & Berkshire numbers/commentaryDXY under modest pressure but above Friday’s base, EUR benefitting from the softer USD; antipodeans lag, USD/JPY firmerContained start with specifics light into ECB’s Lagarde for EGBs while USTs await US supply, Gilts modestly outperformCrude subdued despite significant geopolitical rhetoric, though no major escalation thus far. LNG digests QatarEnergy & Wafa updates/reports while metals divergeLooking ahead, highlights include US Dallas Fed Manufacturing Business Index, Japanese CPI, Comments from ECB’s Lagarde, Supply from the US.Click here for the Newsquawk Week Ahead.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mostly subdued with weekend macro newsflow light and dominated by geopolitical commentary.European equity futures indicate a lower open with Euro Stoxx 50 future -0.2% after the cash market closed up 0.4% on Friday.DXY is contained around the 104 mark, EUR/USD sits near its 200DMA @ 1.0826, NZD lags.Israeli PM Netanyahu said that they are all working on a hostage deal but he cannot say if they will have it.Looking ahead, highlights include US Dallas Fed Manufacturing Business Index, Japanese CPI, Comments from BoE’s Breeden, Pill & ECB’s Lagarde, Supply from UK & US, Earnings from Target.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European equites are around flat, whilst US futures are slightly softer following the prior day’s strengthDollar is flat and around 104.00, JPY is softer following continued hawkish Fed speakBonds are softer but Bunds/Gilts yet to test Thursday’s lows, fleeting hawkish move on Ifo/ECB Consumer surveyCommodities pressured with catalysts light thus far; White House announces new Russian sanctionsLooking ahead, ECB’s SchnabelRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks mostly benefitted amid tailwinds from the tech-led surge in the US on the NVIDIA wave.Fed's Waller (voter) said there is no rush to begin cutting rates and it is appropriate to be patient.European equity futures indicate a slightly higher open with Euro Stoxx 50 future +0.1% after the cash market closed up 1.7% on Thursday.DXY sits just below the 104 mark, antipodeans lead, EUR/USD trades near its 200DMA @ 1.0826.Looking ahead, highlights include German GDP & Ifo, ECB Consumer Expectations Survey Results, Speech from ECB’s Schnabel, Supply from Italy, Earnings from Deutsche Telekom, Allianz, BASF & Standard Chartered.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European equities are firmer, taking the lead from strong Nvidia earnings, which has led to outperformance in the NQDollar is subdued and the Antipodeans outperform, benefiting from the broader risk toneBonds are divergent, with EGBs choppy on the morning’s PMI dataCrude holds firm alongside base metals which benefit from the softer Dollar and positive risk toneLooking ahead, US IJC, ECB Minutes, CBRT Policy Announcement, Speeches from Fed’s Jefferson, Bowman, Harker, Kashkari & Cook, Supply from US. Earnings from, Pioneer Natural Resources, Moderna, Intuit & Booking.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mostly positive amid tailwinds from the tech uplift in US futures following NVIDIA earnings.NVIDIA surged by over 9% after-hours after beating on top and bottom lines and offering strong sales guidance.FOMC minutes proved to be a non-event and echoed the broader tone of Fed speak seen in the wake of the January meeting.European equity futures indicate a higher open with Euro Stoxx 50 future +0.8% after the cash market closed up 0.3% on Wednesday.DXY is back below the 104 level, NZD continues to climb and USD/JPY holds onto 150 status.Looking ahead, highlights include EZ, UK & US PMIs, EZ CPI (Final), US IJC, ECB Minutes, CBRT Policy Announcement, Speeches from Fed’s Jefferson, Bowman, Harker, Kashkari & Cook, Supply from US.Earnings from Lloyds, Anglo American, WPP, Hays, Hikma, Rolls Royce, Axa, Engie, Heidelberg Materials, Mercedes Benz, Hochtief, Nestle, Zurich Insurance, BE Semiconductor, Telefonica, Iberdrola, Repsol, Pioneer Natural Resources, Moderna, Intuit & Booking.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are generally firmer, though the FTSE 100 lags after significant underperformance in Glencore & HSBC; US futures lower pre-NvidiaDollar is incrementally firmer, Antipodeans bid in tandem with strong Chinese equity trade overnightBonds are mixed but edging higher in recent trade post-supply; attention on US 20yr supply later todayCrude is softer and Gold is modestly firmer with specifics lightLooking ahead, EZ Consumer Confidence, NZ Trade, Australian PMI, FOMC Minutes, Comments from Fed’s Bostic, Bowman & BoE’s Dhingra, Supply from the US, Earnings from NVIDIA, Analog Devices & SynopsysRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mixed with headwinds following the tech-led declines stateside ahead of Nvidia earnings.European equity futures indicate a contained open with Euro Stoxx 50 future +0.1% after the cash market closed down 0.1% on Tuesday.DXY lingers around the 104 mark, EUR/USD maintains 1.08 status and antipodeans outperform again.Bund futures remain subdued and Crude futures moved off the prior day's lows.Looking ahead, highlights include EZ Consumer Confidence, NZ Trade, Australian PMI, FOMC Minutes, Comments from Fed’s Bostic, Bowman & BoE’s Dhingra, Supply from UK, Germany & US.Earnings from Rio Tinto, Glencore, HSBC, BAE Systems, Fresenius, NVIDIA, Analog Devices & Synopsys.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European equities are mixed, with mild outperformance in the CAC 40, lifted by post-earning gains in Air Liquide; US equity futures are entirely in the red, RTY lagsDollar is modestly weaker and Antipodeans outperform, supported by the PBoC 5yr LPR cutBonds are firmer with specifics-light; Bunds unreactive to the latest ECB EZ negotiated wages metricsCrude is softer alongside base metals, with Chinese stimulus efforts unable to lift sentimentLooking ahead, Canadian CPI, US Philly Fed Nonmanufacturing Business Outlook Survey, New Zealand PPI, Japanese Trade, Earnings from Walmart & MedtronicRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded with mild losses with price action contained following the US holiday lull.PBoC's latest benchmark rates announcement saw the 1-year LPR surprisingly maintained at 3.45% (exp. 5bps cut), but the 5-year LPR cut by 25bps (exp. 10bps cut).RBA Minutes from the February 6th Meeting stated that the board considered the case to hike by 25bps or hold steady.DXY traded in a tight range, Antipodeans were pressured amid the cautious mood in Asia, and Yuan saw a choppy reaction to the PBoC decision.Looking ahead, highlights include Canadian CPI, US Philly Fed Nonmanufacturing Business Outlook Survey, New Zealand PPI, Japanese Trade, ECB Euro Area Indicator of Negotiated Wage Rates, Treasury Select Hearing on the February MPR, Supply from UK & Germany.Earnings from Fresenius Medical Care, Antofagasta, IHG, Barclays, Carrefour, Air Liquide, Home Depot, Walmart & Medtronic.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mixed amid a lack of drivers and with US markets to remain closed on Monday.Mainland China gained on return from the Lunar Year Holiday where China's travel spending topped pre-COVID levels.European equity futures indicate a lower open with Euro Stoxx 50 future -0.3% after the cash market closed up 0.5% on Friday.DXY is steady vs. peers, EUR/USD remains sub-1.08 and USD/JPY hovers around the 150 mark.Israeli PM Netanyahu said Hamas's demands in negotiations are delusional and they will keep fighting until their goals are achieved.Looking ahead, highlights include Swedish CPI & Canadian Producer Prices. Note, US markets are closed today on account of President's Day. Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European equities are entirely in the green, with semi-conductor names lifted in a read-across from Applied Materials post-earnings; US equities are mixed, NQ leadsDollar is around flat, JPY underperforms after dovish BoJ Ueda speakBonds are subdued, largely led by the higher-than-expected UK Retail Sales print, as attention turns to US PPI/Fed speakCrude is softer, paring the prior day’s advances; Base metals bidLooking ahead, US PPI, UoM Sentiment, Comments from Fed’s Daly, Bostic, Barr & BoE’s Pill.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks sustained the positive momentum from Wall St where yields softened after the US data deluge.European equity futures indicate a higher open with Euro Stoxx 50 future +0.5% after the cash market closed up 0.7% on Thursday.DXY is marginally firmer vs. peers whilst the JPY marginally lags as the BoJ continues to talk dovishly.BoJ's Ueda said will examine whether to maintain various easing measures when the price target comes into sight.ECB's Villeroy said should not wait too long for cuts, Scicluna open to a cut in March.Looking ahead, highlights include German Wholesale Price Index, UK Retail Sales, French CPI, US PPI, UoM Sentiment, Comments from ECB’s Schnabel, Fed’s Daly, Bostic, Barr & BoE’s Pill.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are firmer, with outperformance in the CAC 40 after several strong results; US equity futures firmer to a slightly lesser degree, though the RTY continues to outperformDollar is around flat, GBP softer and JPY firmer as the regions enter a technical recessionBonds are firmer after UK GDP data, numerous speakers aheadCrude is subdued in a continuation of price action yesterday; base metals are generally firmer amid the constructive risk toneLooking ahead, US NY Fed Manufacturing, US Export & Import Prices, IJC, Philly Fed data, US Retail Sales, Comments from ECB’s Lane, BoE’s Greene & Mann, RBNZ’s Orr & Fed's Waller, Supply from US, Earnings from Deere.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks mostly took impetus from the rebound on Wall St after the Fed downplayed the recent CPI report.Japanese Q4 GDP showed that the nation's economy entered into a technical recession.European equity futures indicate a higher open with Euro Stoxx 50 future +0.4% after the cash market closed up 0.4% on Wednesday.DXY has pulled back a touch after failing to breach 105, JPY leads G10 FX.Looking ahead, highlights include UK GDP Estimate, US NY Fed Manufacturing, US Export & Import Prices, IJC, Philly Fed data, US Retail Sales, IEA OMR, Comments from ECB’s Lagarde & Lane, BoE’s Greene & Mann, RBNZ’s Orr & Fed's Waller, Supply from Spain, France & USRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are firmer, with outperformance in the FTSE 100 after softer-than-expected UK CPI; US futures are entirely in the green, with the RTY leadingDollar is around flat and just beneath 105.00, GBP underperforming post-CPI and Yen still holds above 150.00Bonds boosted in tandem with Gilt price action, which gapped up post-inflation dataCrude is incrementally firmer, spot gold trades sideways and base metals mixed awaiting impetus from geopols and central banks speakLooking ahead, US PPI Seasonal Factor Revisions, Japanese GDP, Comments from ECB’s Cipollone, BoE's Bailey hearing, Fed’s Goolsbee, Barr & BoC’s Mendes, Earnings from Cisco & Occidental Petroleum Corp.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks declined amid headwinds from the US where hot inflation unwound Fed rate cut expectations.European equity futures indicate a lower open with Euro Stoxx 50 future -0.2% after the cash market closed down 1.2% on Tuesday.DXY held onto post-CPI gains but stopped shy of 105, JPY selling prompted jawboning from Japanese officials.Japanese MOF's Kanda said they are ready to take action on FX anytime, 24 hours, all year round.Looking ahead, highlights include UK CPI/PPI, EZ Employment, Industrial Production, GDP Estimate, US PPI Seasonal Factor Revisions, Japanese GDP, Comments from ECB’s de Guindos, Cipollone, BoE's Bailey hearing, Fed’s Goolsbee, Barr & BoC’s Mendes, Supply from Germany and UK.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European equities are softer across the board, with Tech lagging following poor Siltronic guidance, weighing on heavyweight ASML (-2.7%)US equity futures mirror price action in Europe, though the NQ slightly underperforms.Dollar is flat and awaiting US CPI; GBP is bid post-UK jobs data and CHF suffers after significantly cooler CPIBonds are divergent, with USTs in a holding pattern ahead of US inflation, whilst Gilts were pressured on the regions jobs/wage data, since paredCrude is firmer and near session highs, base metals modestly firmerLooking ahead, US CPI, OPEC MOMR, Earnings from Moody’s, Marriott & Datadog.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mixed albeit with a positive bias as several markets reopened from the extended weekend.European equity futures indicate a lower open with Euro Stoxx 50 future -0.3% after the cash market closed up 0.7% on Monday.DXY is steady above the 104 mark, USD/JPY lingers around 149.50, NZD lags post-inflation expectation survey.US President Biden said the US is working on a hostage deal that would lead to a period of calm for at least six weeksLooking ahead, highlights include French Unemployment Rate, Swiss CPI, UK Employment, EZ & German ZEW, US CPI, OPEC MOMR, Supply from UK, Italy & Germany.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European equities are generally firmer, though the FTSE 100 lags, hampered by AstraZeneca; US equity futures are around flat, with slight outperformance in the RTYDollar is marginally firmer, the Kiwi underperforms despite hawkish-leaning speak from RBNZ officials overnightBonds are little changed amid catalyst thin trade and will likely take impetus from upcoming central bank speakCrude is softer on the session despite geopolitical escalation in Gaza; base metals are softer as Chinese participants remain on holidayLooking ahead, US Federal Budget, NY Fed Survey of Consumer Expectations, Japanese Corporate Good Prices, BoC SLOOS, Comments from ECB’s, Lane, de Cos, Cipollone, RBA’s Kohler, Fed’s Barkin & KashkariRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were subdued amid quiet weekend newsflow and mass holiday closures in the region.ECB Panetta said the time for a reversal of the ECB’s monetary policy stance is fast approaching.European equity futures indicate a mildly positive open with Euro Stoxx 50 future +0.3% after the cash market closed up 0.1% on Friday.DXY is steady around the 104 mark, EUR/USD is eyeing 1.08, USD/JPY sits on a 149 handle.Looking ahead, highlights include US Federal Budget, NY Fed Survey of Consumer Expectations, Japanese Corporate Good Prices, BoC SLOOS, Comments from ECB’s Lane & Cipollone, RBA’s Kohler, Fed’s Barkin & Kashkari, Earnings from Michelin.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are mixed and trading around the unchanged mark, with slight underperformance in the CAC 40, hampered by losses in L’Oreal; US equity futures mirror European peersDollar is incrementally firmer; Kiwi outperforms after ANZ lifts its RBNZ rate forecastBonds are around flat awaiting US CPI Revisions, German & UK 10yr yields notched fresh YTD peaksCrude is holding near yesterday's high after soaring more than 3% in the prior session; Gold and base metals are contained amid a lacklustre Dollar and China on holidayLooking ahead, Canadian Employment, US CPI Seasonal Factor Revisions, BoC SLOOS, Comments from ECB’s Cipollone & Fed's Logan.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mixed and were mostly subdued in holiday-thinned conditions ahead of the Lunar New Year.European equity futures indicate a slightly softer open with Euro Stoxx 50 future -0.2% after the cash market closed up 0.7% on Thursday.DXY is a touch firmer in contained trade for the FX space, NZD outperforms following a hawkish ANZ call on the RBNZ.Crude futures took a breather after rallying by over 3% yesterday, whilst Bunds remain subdued after slipping beneath 134.Looking ahead, highlights include German CPI (Final), Italian Industrial Output, Canadian Employment, US CPI Seasonal Factor Revisions, BoC SLOOS, Comments from ECB’s Cipollone & Fed's Logan, Earnings from Pepsi.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European equities are firmer, with outperformance in the AEX; US equity futures meander around the unchanged mark, though the RTY continues to underperformDollar is flat and pivots 104.00, JPY is softer after BoJ speak; Chinese CPI softer than expectedBonds are modestly weaker with specifics light into a US 30yr auctionCrude is firmer in what has been a choppy session for the complex; XAU edging higher, albeit with gains cappedLooking ahead, US IJC, US Wholesale Inventory, Japanese M2 Money Supply, ECB Economic Bulletin, Banxico Policy Announcement, Comments from BoE’s Dhingra, Mann, ECB’s Elderson, Lane, Fed’s Barkin, RBA’s Bullock, Supply from the US, Earnings from Take-Two, Philip Morris & ConocoPhillips.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were ultimately mixed after the fresh record levels on Wall St where the S&P 500 touched just shy of the 5k levelParticipants also digested recent earnings releases and soft Chinese inflation data ahead of the Lunar New Year holidayRBI kept the Repurchase Rate unchanged at 6.50%, as expected and maintained its stance of remaining focused on the withdrawal of accommodationEuropean equity futures indicate a slightly higher open with Euro Stoxx 50 future +0.2% after the cash market closed down 0.3% on WednesdayDXY is steady around the 104 mark, JPY lags major peers, EUR/USD remains on a 1.07 handleLooking ahead, highlights include US IJC, US Wholesale Inventory, Japanese M2 Money Supply, ECB Economic Bulletin, Banxico Policy Announcement, Comments from BoE’s Dhingra, Mann, ECB’s Elderson, Lane, Fed’s Barkin, RBA’s Bullock, Supply from US, Earnings from Kering, SocGen, L’Oreal, AstraZeneca, BAT, Maersk, Siemens, Take-Two, Philip Morris & ConocoPhillips.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European equities are mixed whilst US futures meander around the unchanged mark; the Russell underperforms as Moody’s downgrades NYCB’s ratingDollar is flat and holds just above 104.00, GBP the G10 outperformerBonds are divergent, though the overall trend is bearish ahead of US supplyCrude benchmarks are firmer and XAU holds around flat alongside base metals as we await updates on the ceasefire proposalLooking ahead, US Trade Data, NBP Policy Announcement, US Budget and Economic Outlook 2024 to 2034, Comments from, Fed’s Kugler, Barkin, Collins & Bowman, Supply from the US, Earnings from Uber & PayPal.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mostly positive after a decline in global yields and further Chinese support efforts; Hang Seng and Shanghai Comp were mixed despite early momentum.Moody's downgraded New York Community Bancorp's (NYCB) long-term issuer rating to junk status of Ba2 and said most ratings remain on review for a further downgrade.Fed's Mester (voter) said the Fed can lower rates later this year if the economy performs as expected and when the Fed cuts rates, it will likely be at a gradual pace, while she does not want to offer timing on a rate cut and sees no need to rush. ECB's Schnabel said lower borrowing costs risk flare-up of inflation and that the last mile in bringing down inflation could be the most difficult one.Highlights include German Industrial Output, UK Halifax House Prices, French Trade Balance, Italian Retail Sales, US Trade Data, NBP Policy Announcement, US Budget and Economic Outlook 2024 to 2034, Comments from, BoE’s Breeden, Fed’s Kugler, Barkin, Collins & Bowman, Supply from UK, Germany & US, Earnings from TotalEnergies, Pandora, Carlsberg, Siemens Energy, Equinor, Uber & PayPal.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European equities are mixed with outperformance in the FTSE 100, post-BP earning; US equity futures in-fitting, NQ bidDollar is marginally firmer and AUD the G10 outperformer following a “hawkish hold” at the RBABonds modestly firmer, though have been edging lower throughout the European morningCrude and XAU hold around the unchanged mark; base metals are propped up on Chinese stabilisation effortsLooking ahead, Canadian Ivey PMI, NZ Jobs data, Comments from Fed’s Mester, Harker, Kashkari, Collins & BoC's Macklem, Supply from the US, Earnings from Eli Lily, Ford, GE Healthcare & Chipotle.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were somewhat mixed as Chinese market stabilisation efforts offset the early headwinds from Wall Street.Fed SLOOS (Q4) noted that tighter standards and weaker demand were reported.RBA kept rates unchanged at 4.35% as expected, while it reiterated that a further increase in interest rates cannot be ruled out.European equity futures indicate a higher open with Euro Stoxx 50 future +0.4% after the cash market closed flat on Monday.DXY remains at elevated levels, AUD outperforms post-RBA, USD/JPY stalled after climbing to fresh YTD highs.Looking ahead, highlights include German Industrial Orders, EZ Retail Sales, Canadian Ivey PMI, NZ Jobs data, ECB Consumer Expectations Survey, Comments from Fed’s Mester, Harker, Kashkari, Collins & BoC's Macklem, Supply from Netherlands, UK & US, Earnings from BP, Infineon, UBS, BMPS, Eli Lily, Ford, GE Healthcare & Chipotle.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European equities are mixed, with clear outperformance in the FTSE MIB, propped up by UniCredit (+8.7%) post-earnings; US equity futures are modestly softer, though the RTY underperformsDollar is firmer continuing Friday’s advances, which has been leading the EUR towards December lows.Bonds are softer post-NFP and Chair Powell’s weekend commentary as attention turns to US ISM & other Fed speakCrude futures are pressured by the firmer Dollar and awaiting further geopolitical news.Looking ahead, US ISM, Japanese Household Spending & Overtime Pay, BoC Market Participation Survey, Fed SLOOS, Comments from BoC's Macklem & Fed’s Bostic, Earnings from McDonald’s, NXP Semiconductors & Caterpillar.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mostly subdued after last Friday's red-hot jobs report; Chinese regulators pledged to stabilise the market.Fed Chair Powell repeated his expectation that the March meeting is likely too soon to have confidence to start rate cuts.European equity futures indicate a contained open with Euro Stoxx 50 future flat after the cash market closed up 0.3% on Friday.DXY is contained around the 104 mark, EUR/USD is sub 1.08, USD/JPY has oscillated around 148.50.US and UK carried out strikes against 36 Houthi targets; White House’s Kirby said more action will follow.Looking ahead, highlights include German Trade Balance, EZ PMI, Sentix Index, Producer Prices, US ISM, Japanese Household Spending & Overtime Pay, BoC Market Participation Survey, Fed SLOOS, Comments from BoC's Macklem & Fed’s Bostic, Supply from EU, Earnings from Vodafone, McDonald’s, NXP Semiconductors & Caterpillar.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European equities are firmer taking impetus from gains on Wall Street; US equity futures are in the green, outperformance in the NQ post-earnings from Amazon (+6%) and Meta (+16.7%).Dollar is around flat awaiting impetus from US NFP; Aussie outperforms recouping the prior day’s downside.Bonds are softer giving back recent advances as attention turns to key US dataCrude is firmer and finds some reprieve after hefty losses in the prior session; Gold stands pat alongside a flat DollarLooking ahead, US NFP, Durable Goods, UoM, Earnings from Regeneron, Gilead, Exxon, Chevron, Aon & Abbvie.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks mostly took impetus from the gains on Wall St where stocks were underpinned amid a softer yield environment.US equity futures were boosted after-hours following the big tech earnings (META +15%, AMZN +7%, AAPL -3%).European equity futures indicate a higher open with Euro Stoxx 50 future +0.8% after the cash market closed down 0.2% on Thursday.DXY sits around the 103 mark, AUD is attempting to recoup lost ground, other majors are broadly steady.Al Jazeera initially posted on X that Qatar said Israel agreed to a ceasefire proposal and Hamas gave positive confirmation. However, the post was later deleted.Looking ahead, highlights include US NFP, Durable Goods, UoM, Earnings from Unicredit, Regeneron, Gilead, Qualcomm, Exxon, Chevron, Aon & Abbvie.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European equities are mixed, whilst US equity futures are firmer to varying degreesDollar is marginally bid though off post-Powell highs; Aussie lags after weak building approvals dataBonds are mixed; USTs modestly higher whilst Bunds pare yesterday’s dovish dataCrude is in the green pre-JMMC whilst base metals are lower across the board, in-fitting with the broader risk toneLooking ahead, US IJC & ISM Manufacturing, BoE Policy Announcement, Comments from ECB’s Lagarde & Lane, BoC's Macklem & Rogers, OPEC JMMC Meeting, BoE's Bailey post-announcement press conference, Earnings from Apple, Merck, Amazon & MetaRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

The Fed kept rates unchanged and removed the reference to possible additional rate hikes but also downplayed near-term cuts.APAC stocks were mixed after the losses on Wall St owing to banking sector fears and Fed Chair Powell's pushback against a March rate cut.Chinese Caixin Manufacturing PMI data topped forecasts, China's Finance Ministry said it will implement structural tax cuts in 2024.European equity futures indicate a steady open with Euro Stoxx 50 future -0.1% after the cash market closed down 0.3% on Wednesday.DXY is back above 103.50 after rebounding post-FOMC, EUR/USD hovers around 1.08 and AUD lags across the majors.Looking ahead, highlights include EZ & Italian CPI, US IJC, Riksbank & BoE Policy Announcements, Comments from ECB’s Lagarde & Lane, BoC's Macklem & Rogers, BoE's Bailey post-announcement press conference, Supply from Spain & France, Earnings from Julius Baer, Roche, Sanofi, BNP Paribas, Shell, Deutsche Bank, Apple, Merck, Amazon & Meta.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are lower with underperformance in the SMI post-Novartis earnings; US equity futures are mixed, though with clear underperformance in the NQ after MSFT, AMD & GOOG earningsDollar continues its contained trade, AUD underperforms amid softer CPI dataBonds modestly firmer; Bunds off best levels post-German dataCrude is weaker amid the downbeat risk tone; XAU in a holding pattern awaiting impetus from the FOMCLooking ahead, German CPI, US ADP, Employment Wages, Canadian GDP, Fed & BCB Policy Announcement, Fed Chair Powell's Press Conference, Supply from Germany, US Treasury Refunding Announcement Earnings from Boeing, Boston Scientific, Thermo Fisher Scientific, Mastercard & Phillips 66Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mostly subdued amid a deluge of earnings releases and key data releases at month-end.Alphabet (GOOG) slumped 5.8% after advertising revenue missed, while Microsoft (MSFT) fell by 0.3% after Q3 More Personal Computing was guided below forecasts. Hang Seng and Shanghai Comp underperformed following the latest Chinese PMI data in which Manufacturing PMI remained in contraction territory for a 4th consecutive month.DXY eked slight gains pre-FOMC, USD/JPY was choppy following some hawkish-leaning remarks from the BoJ's SoO. UK Chancellor Hunt has reportedly warned his cabinet that tax cuts in the Spring budget could be smaller than expected, according to The Times.Looking ahead, highlights include, French CPI & German CPI, German Retail Sales &Unemployment, US ADP, Employment Wages, Canadian GDP, Fed & BCB Policy Announcement, Fed Chair Powell's Press Conference, Supply from Germany, US Treasury Refunding Announcement. Earnings from Novo Nordisk, H&M, GSK, Novartis, Santander, Boeing, Boston Scientific, Thermo Fisher Scientific, Mastercard & Phillips 66.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European equities are generally firmer, whilst US equity futures meander around the unchanged mark ahead of key earningsDollar is around flat whilst the Pound lags with specifics lightBonds are firmer, though Bunds have been edging lower following hawkish EZ dataCrude benchmarks are marginally firmer alongside Gold, awaiting geopolitical updatesLooking ahead, US JOLTs, Consumer Confidence, Japanese Retail Sales, BoJ SOO, Comments from ECB’s Nagel, Earnings from Pfizer, Marathon Petroleum, Microsoft, Alphabet, Starbucks & AMD.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mixed as weakness in China offset the momentum from Wall St's record highs.US Treasury expects to borrow USD 760bln in net marketable debt for the January-March period which is down USD 55bln from the October 2023 estimate.European equity futures indicate a higher open with Euro Stoxx 50 future +0.4% after the cash market closed up 0.1% on Monday.DXY is contained and continued to pivot around 103.50, EUR/USD remains on a 1.08 handle, other majors are steady.Looking ahead, highlights include regional EZ CPIs, EZ-wide GDP, Swiss KOF Indicator, UK Mortgage Lending, EZ Consumer Inflation Expectations, US JOLTs, Consumer Confidence, Japanese Retail Sales, BoJ SOO, Comments from ECB’s Lane, Nagel & SNB’s Jordan, Supply from UK, Italy & Germany. Earnings from Diageo, Entain, BBVA, UPS, Pfizer, Marathon Petroleum, Microsoft, Alphabet, Starbucks & AMD.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are trading on a mixed footing and lack clear direction; US equity futures follow suit ahead of a busy week of risk eventsDollar continues to firm, EUR a touch softer and Antipodeans bid despite a flimsy risk toneBonds are bid amid dovish ECB speak as attention turns to US Treasury Financing EstimatesCrude is modestly firmer as geopols remain in focus; US said three troops were killed by an Iran-linked drone attack near the Syrian borderLooking ahead, US Dallas Fed Manufacturing Business Index, Treasury Financing Estimates, Earnings from Western DigitalRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks began the week mostly on the front foot, albeit with some of the gains capped by heightened geopolitical tensions and Chinese property sector concerns.Three US troops were killed and dozens were injured from an aerial drone attack on US forces in northeastern Jordan near the Syrian border; US says attack linked to Iran.European equity futures indicate a lower open with Euro Stoxx 50 future -0.2% after the cash market closed up 1.2% on Friday.DXY hovers around 103.50, EUR/USD sits around its 200DMA at 1.0841, USD/JPY trades close to 148.00.ECB’s Knot said Eurozone wage growth needs to slow before rates can be decreased.Looking ahead, highlights include UK Nationwide House Prices, US Dallas Fed Manufacturing Business Index, ECB Survey of Monetary Analysts, Comments from ECB’s de Guindos, Supply from Treasury Financing EstimatesRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are firmer, with significant outperformance in the CAC40 lifted by the Luxury sector, post-LVMH earningsDollar is around flat, EUR modestly firmer with price action contained ahead of US PCEBonds are modestly firmer and in proximity to yesterday’s highsCrude benchmarks are pulling back marginally; base metals are a touch softer with specifics lightLooking ahead, US PCE, Earnings from American Express & ColgateRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks failed to sustain the broad positive momentum from Wall St with the region mostly lower in quietened conditions and amid a lack of fresh drivers.Tokyo inflation data showed the slowest pace of core inflation in Japan's capital area since March 2022.FX markets are contained with the DXY sitting just above the 103.50 mark, USD/JPY was indecisive post-Tokyo CPI.European equity futures indicate a flat open with Euro Stoxx 50 future unchanged after the cash market closed up 0.4% on Thursday.Looking ahead, highlights include EZ M3, US PCE, ECB Survey of Professional Forecasters, Earnings from Volvo, Remy Cointreau, Lonza & American Express.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are generally weaker, with the exception of the AEX which benefits from ASML; US equity futures are mixed, with the RTY outperformingTesla (-7.9%) is significantly lower in the pre-market after its results missed, noting that 2024 vehicle growth will be lower than the prior year.Dollar is marginally weaker, EUR flat and JPY marginally weakerBonds hold a bearish tone following yesterday's hot data and disappointing US 5yr outingCrude is bid without a pertinent catalyst and base metals are incrementally firmer albeit within rangesLooking ahead, US Building Permits, Durable Goods, GDP Advance, PCE Prices Advance, KC Fed Manufacturing, Tokyo CPI, ECB, & SARB Policy Announcements, Comments from ECB President Lagarde's Press Conference. Supply from the US, Earnings from LVMH, Intel, Visa & Blackstone.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mostly positive but with gains capped as markets digested a slew of earnings releases and the recent upside in global yields.European equity futures are indicative of a softer open with Euro Stoxx 50 future -0.1% after the cash market closed up 2.2% on Wednesday.DXY is back on a 103 handle, EUR/USD failed to sustain 1.09 status, USD/JPY has moved closer to 148.Tesla Inc (TSLA) Q4 2023 (USD): Adj. EPS 0.71 (exp. 0.74), Revenue 25.17bln (exp. 25.59bln); 2024 vehicle volume growth may be notably lower than 2023; -6% after-hours.Looking ahead, highlights include German Ifo, US Building Permits, Durable Goods, GDP Advance, PCE Prices Advance, Tokyo CPI, ECB, Norges Bank, CBRT & SARB Policy Announcements, ECB President Lagarde's Press Conference & Norges Bank Governor Bache's Press Conference. Supply from Italy & US, Earnings from Nokia, STMicroelectronics, LVMH, Intel, Visa & Blackstone.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European equities are on a very strong footing following Chinese RRR cuts, with Tech also doing much of the hefty lifting; US equity futures are firmer, with NQ outperformingNFLX +9.7% pre-market; SAP & ASML firmer, post-earningsDollar is weaker, EUR and GBP firmer post PMI data and Yen continues prior day’s strengthBonds bid after softer German PMI data, Gilts turn negative after its own firmer releaseCrude is marginally firmer benefitting from softer Dollar; base metals bolstered by PBOC’s RRR cutLooking ahead, US PMIs, BoC Policy Announcement, Supply from the US, Earnings from AT&T, Tesla & IBMRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mixed following a similar lead from the US with participants digesting earnings, recent hawkish BoJ comments and Chinese support pledges.Netflix Inc (NFLX) Q4 2023 (USD): EPS 2.11 (exp. 2.22), Revenue 8.83bln (exp. 8.71bln), Streaming paid net change +13.12mln (exp. +8.91mln); Co. shares +8.7% after-hours.European equity futures are indicative of a higher open with Euro Stoxx 50 future +0.8% after the cash market closed down 0.3% on Tuesday.DXY trades in tight parameters around 103.50, JPY leads G10 FX, EUR/USD has slipped further onto a 1.08 handle.Looking ahead, highlights include French, German, EZ, UK & US PMIs, BoC Policy Announcement, Supply from UK, Germany & US, Earnings from SAP, ASML, Abrdn, AT&T, Tesla & IBM.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European equities are weaker despite starting the session on a firmer footing; US equity futures oscillate the unchanged mark, though the RTY outperformsDollar is softer largely as a function of a firmer JPY after BoJ Ueda’s hawkish-leaning press conferenceBonds are softer, in tandem with JGB price action; US supply later todayCrude is softer, giving back the prior day’s advances; Base metals are entirely in the green, benefitting from Chinese stimulus hopesLooking ahead, Canadian New Housing Price Index, EZ Consumer Confidence (Flash), US Richmond Fed Index, NZ CPI, Australian PMI, Japanese Trade Data, Supply from the US, Earnings from Johnson & Johnson, Procter & Gamble & Netflix.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks mostly gained after the fresh record levels on Wall St, while the region also digested the BoJ and reports of a potential Chinese equity market rescue package.China is said to consider an equity market rescue package backed by USD 278bln, according to Bloomberg sources.BoJ kept its policy settings unchanged as expected and made no change to its forward guidance.European equity futures are indicative of a contained open with Euro Stoxx 50 future +0.1% after the cash market closed up 0.7% on Monday.DXY is softer but maintaining a 103 handle, antipodeans lead, EUR/USD hovers around 1.09, USD/JPY sits on a 148 handle.Looking ahead, highlights include UK PSNB, Canadian New Housing Price Index, EZ Consumer Confidence (Flash), US Richmond Fed Index, NZ CPI, Australian PMI, Japanese Trade Data, ECB Bank Lending Survey, Supply from Netherlands, Germany & US, Earnings from Ericsson, Logitech, Johnson & Johnson, Procter & Gamble & Netflix.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are firmer but within contained ranges, in the absence of any pertinent catalysts; US equity futures are modestly firmer, NQ outperforms as Tech continues to gainDollar trades around flat, G10’s generally rangebound in light of a quiet start to a busy weekBonds lift, albeit incrementally, as attention turns to key central bank events starting from tomorrowCrude is marginally firmer as geopolitical themes remain in focus; Base metals are lower following downbeat Chinese price actionLooking ahead, US Leading Index Change, BoJ SLOOS, Comments from ECB's President Lagarde, Earnings from United AirlinesRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mixed following a catalyst-light weekend and as weakness in Chinese stocks clouded over the early momentum from last week's record levels on Wall Street.Fed's Daly (2024 voter) said on Friday there is a lot of work left to do on inflation, adding it is premature to think rate cuts are around the corner.European equity futures are indicative of a higher open with Euro Stoxx 50 future +0.8% after the cash market closed down 0.1% on Friday.DXY is a touch softer on a 103 handle, EUR/USD and USD/JPY oscillate around 1.09 and 148 respectively.Looking ahead, highlights include US Leading Index Change, BoJ SLOOS, Comments from ECB's President Lagarde, Earnings from United Airlines, Supply from EZ & UK Syndication.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses and US futures are modestly firmer across the board; the NQ leads the gains as Tech continues yesterday’s strength.The Dollar is flat whilst GBP marginally underperforms following soft UK Retail Sales data, AUD is bid on firmer base metals and a positive risk tone.Treasuries and Bunds are contained whilst Gilts outperform following UK data.Crude continues to build on the prior day’s strength with a lack of pertinent catalysts; Base metals are firmer amid Chinese stimulus hopes.Looking ahead, highlights include EZ Consumer Confidence (Flash), Canadian Retail Sales, US UoM Prelim, and speeches from Fed’s Daly & Barr.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks mostly took impetus from the tech-led advances on Wall St.US Congress passed the stopgap funding bill to avert a government shutdown.European equity futures are indicative of a higher open with Euro Stoxx 50 future +0.4% after the cash market closed up 1.1% on Thursday.DXY is steady below 103.50, EUR/USD eyes 1.09, JPY has lost further ground vs. the USD.Japanese inflation mostly matched estimates but showed the slowest pace of increase in Core CPI since June 2022.-Looking ahead, highlights include German Producer Prices, UK Retail Sales, EZ Construction Output, Consumer Confidence (Flash), Canadian Retail Sales, US UoM Prelim, Speakers including ECB’s Lagarde, Fed’s Daly & Barr.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are mixed, with clear outperformance in the CAC 40 as Richemont earnings lift the luxury sector; US equity futures trade in tandem, with NQ leading amid tailwinds from TSMC earnings.Dollar is flat with a slight negative bias, Antipodeans are bid in-fitting with risk tone, and JPY trims some of yesterday's losses.Bonds contained in catalyst-thin trade; Treasuries grind higher attempting to pare US Retail Sales low, Bunds underperform amid the recent hawkish ECB rhetoric.Crude is firmer amid continued geopolitical tensions; base metals are modestly firmer, in-fitting with risk tone, and precious metals move with the Dollar.Looking ahead, US Building Permits, IJC, Philly Fed Business Index, NZ Manufacturing PMI, Japanese CPI, ECB Minutes, Comments from Fed’s Bostic & ECB’s Lagarde, Supply from the US, Earnings from United Airlines.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mixed with the region mostly negative after the unwinding of central bank rate cut pricing.European equity futures are indicative of a contained open with Euro Stoxx 50 future flat after the cash market closed down 1.0% on Wednesday.DXY is a touch softer vs. peers, EUR/USD eyes 1.09, USD/JPY failed to hold above 148.Crude futures marginally extended on the prior day's rebound amid geopolitical risks, Bunds languish near monthly lows.Looking ahead, highlights include US Building Permits, IJC, Philly Fed Business Index, NZ Manufacturing PMI, Japanese CPI, ECB Minutes, BoE Credit Conditions Survey, comments from Fed’s Bostic & ECB’s Lagarde, supply from Spain, France & US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses and US futures are entirely in the red owing to a soured risk tone and mixed Chinese data overnightDollar is firmer, Pound is bid following hotter-than-expected UK CPI and Antipodeans lagBonds weaker amid hawkish central bank speak and hot UK CPI; Fed speak & Retail Sales dueCrude sinks due to a firmer Dollar & mixed Chinese data; XAU is weaker though losses are cushioned amid haven flows, base metals entirely in the redLooking ahead, US MBA, Import Prices, Retail Sales, Industrial Production, Japanese Machinery Orders, Fed Beige Book, Comments from ECB’s Knot & Lagarde, Fed’s Williams, Barr & Bowman, Supply from the US, Earnings from, US Bancorp & Citizen Financial Group.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mostly pressured after the recent upside in yields, while participants also digested mixed Chinese GDP and activity data.Chinese GDP YY (Q4) 5.2% vs. Exp. 5.3% (Prev. 4.9%), IP YY (Dec) 6.8% vs. Exp. 6.6% (Prev. 6.6%), Retail Sales YY (Dec) 7.4% vs. Exp. 8.0% (Prev. 10.1%).European equity futures are indicative of a lower open with Euro Stoxx 50 future -0.9% after the cash market closed down 0.2% on Tuesday.DXY hovers above the 103.50 mark, JPY remains heavily pressured, Cable lingers around the 1.26 mark ahead of inflation metrics.Looking ahead, highlights include UK CPI, EZ HICP (Final), US Import Prices, Retail Sales, Industrial Production, Japanese Machinery Orders, Fed Beige Book, comments from ECB’s Knot & Lagarde, Fed’s Williams, Barr & Bowman, Supply from Germany, UK & US, Earnings from Pearson, US Bancorp & Citizen Financial Group.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are weaker following a negative handover from APAC trade, with US futures also pressured amid yield upside & into earningsDollar is firmer and Antipodeans are lower amid the risk-averse mood; GBP weighed by Dollar strength and softer UK wage metricsBonds mixed, with Treasuries pressured as markets react to hawkish ECB speak; Gilts eventually firm post dovish dataCrude continues to gain despite Dollar strength amid escalating geopolitical tensions & Chinese stimulus/reports; Base metals initially pressured though bounced such reportingFormer US President Trump won the Iowa Republican Caucus with over 51% of the vote, Ramaswamy dropped outLooking ahead, US NY Fed & Canadian CPI, BoE's Bailey & Fed's Waller, Earnings from Goldman Sachs, PNC Financial Services, Morgan Stanley & Charles Schwab.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were pressured in the absence of a lead from Wall Street and amid the upside in yields.European equity futures are indicative of a lower open with Euro Stoxx 50 future -0.6% after the cash market closed lower down 0.6% on Monday.Risk-aversion has provided the USD with a bid as DXY eyes 103, USD/JPY is back on a 146 handle, antipodeans lag.Bund futures languished at the prior day's lows after ECB officials suggested it is too soon to cut rates.Looking ahead, highlights include German CPI (Final), UK Unemployment/Earnings, German ZEW, US NY Fed Manufacturing & Canadian CPI, ECB's Villeroy, BoE's Bailey & Fed's Waller, Supply from UK & Germany, Earnings from Goldman Sachs, PNC Financial Services, Morgan Stanley & Charles Schwab.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mostly rangebound after the lack of significant incremental catalysts over the weekend.Taiwan ruling DPP’s William Lai won the presidential election with around 40% of votes, although the party did not win a parliamentary majority.Fed’s Bostic (voter) warned that US progress on inflation is likely to slow and believes rates need to stay on hold until at least summer, via FT.US congressional leaders have reached an agreement on a stopgap spending bill through March 1st and March 8th.European equity futures are indicative of a higher open with Euro Stoxx 50 future +0.4% after the cash market closed lower up 0.9% on Friday.DXY caged in tight 102.30-55 parameters, JPY lags G10 FX, EUR/USD oscillated around 1.0950.Looking ahead, highlights include German Wholesale Price Index, Full Year GDP, EZ Total Trade Balance, Industrial Production, BoC’s Business Outlook Survey. US Cash Markets are Closed for Martin Luther King Jr Day.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European equities are markedly firmer with sectoral performance led by geopolitical tensions and a negative Burberry update; US mixed into bank earningsUS & UK conducted a joint strike against Houthi targets in Yemen, which has led to marked upside in Crude; Brent back above USD 80/bblDollar is marginally firmer awaiting US PPI, Antipodeans firmer in-fitting with the risk toneTreasuries are unchanged whilst EGBs are modestly firmer deriving support from escalated geopolitical tensions; slight pullback on BoJ sourcesLooking ahead, US PPI, ECB’s Lane & Fed’s Kashkari, Earnings from JP Morgan, Wells Fargo, Citi, BofA & Delta Airlines.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mixed with the major indices mostly rangebound alongside geopolitical concerns and Chinese data.US and UK conducted a joint strike against Houthi targets in Yemen.Chinese trade data either improved or topped forecasts, while inflation figures were mixed but ultimately deflationary on a Y/Y basis.European equity futures are indicative of a higher open with Euro Stoxx 50 future +0.7% after the cash market closed lower by 0.6% yesterday.DXY is caged in tight parameters, EUR/USD still capped by 1.10, USD/JPY remains on a 145 handle.Looking ahead, highlights include UK GDP, Output data & Trade Balance, French and Spanish CPI (Final), US PPI, ECB’s Lane & Fed’s Kashkari, Earnings from UnitedHealth, JP Morgan, BlackRock, Wells Fargo, Citi, BofA & Delta Airlines.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Equities are firmer, though have been dipping lower as attention turns to US CPI and geopolitics intensifyOil tanker (St. Nikolas) has reportedly been boarded by Iranians in the Gulf of Oman; prompting crude upside and denting risk appetite somewhatDollar is flat and Yen falls back below the 145.50 level; Kiwi outperforms benefitting from AUD/NZD crossBonds bid though within ranges, benchmarks seemingly capped by energy upside ahead of US CPILooking ahead, US CPI, IJC, Philly Fed Manufacturing Business Outlook Survey, Supply from US, Speak from Fed's Barkin and MesterRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks followed suit to the gains stateside despite the lack of major catalysts as markets await US CPI.Fed's Williams says more work is needed to bring inflation back to target; can cut rates when confident inflation is moving to 2%.European equity futures are indicative of a higher open with Euro Stoxx 50 futures +0.6% after the cash market closed flat yesterday.Bitcoin retreated from resistance near USD 47,000 and failed to benefit despite the approval of the first spot Bitcoin ETPs.DXY is a touch softer vs. peers but USD/JPY remains on a 145 handle, antipodeans outperform.Looking ahead, highlights include Spanish & Italian Industrial Output, US CPI, IJC, Philly Fed Manufacturing Business Outlook Survey, Supply from Italy & US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European equities and US futures are mixed, having spent much of the early session in the green; the FTSE 100 (-0.4%) is weighed on by losses in Sainsbury’sDollar is softer and EUR is modestly firmer, with several upside OPEX strikes for the Single-CurrencyBonds are bid, though still unable to pare back all of Tuesday’s advancesCrude is softer, Gold and Base Metals are firmer amid a subdued DollarLooking ahead, US MBA, Wholesale Sales, Chinese M2 Money Supply, ECB’s Schnabel, Fed’s Williams, Supply from the USRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks mostly declined after the flimsy handover from Wall St and tentativeness ahead of key inflation data and earnings.European equity futures are indicative of a lower open with Euro Stoxx 50 futures -0.3% after the cash market closed up by 0.4% on Tuesday.DXY is steady above the 102.50 mark, USD/JPY is approaching 145 following soft Japanese wage data.Australian monthly CPI data was softer than expected but remained well above the 2%-3% inflation target.BTC was volatile after an unauthorised post by the official US SEC account on X falsely claimed the approval of spot BTC ETFs.Looking ahead, highlights include Norwegian CPI, US MBA, Wholesale Sales, Chinese M2 Money Supply, BoE's Bailey & Breeden, ECB’s de Guindos & Schnabel, Fed’s Williams, Supply from UK, Germany & US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European equities and US futures are modestly weaker; Russell (-0.9%) underperforms giving back yesterday’s advancesDollar is incrementally firmer, Yen continues to make up groundBonds are modestly pressured, Gilts got a slight boost after a strong Gilt auctionCrude extends gains as it attempts to pare back the prior day's losses and amid geopolitical tailwindsLooking ahead, US International Trade, Canadian Building Permits, Trade Balance, US RCM/TIPP Economic Optimism, Japanese Labour Wages, Fed Discount Rate Minutes, Speeches from ECB’s Villeroy & Fed's Barr, Supply from USRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded higher as the region took impetus from the gains on Wall Street where tech outperformed.Fed's Bowman said policy appears to be sufficiently restrictive, Bostic reiterated his call for 2 x 25bps rate cuts this year.European equity futures are indicative of a higher open with Euro Stoxx 50 futures +0.3% after the cash market closed up by 0.5% on Monday.DXY is a touch softer but maintaining 102 status, JPY is the marginal G10 outperformer, EUR/USD lingers around 1.0950.Crude futures traded rangebound which provided some slight reprieve from the prior day's selling in which WTI fell by almost 4%.Looking ahead, highlights include German Industrial Output, US International Trade, Canadian Building Permits, Trade, US RCM/TIPP Economic Optimism, Japanese Labour Wages, Fed Discount Rate Minutes, Speeches from ECB’s Villeroy & Fed's Barr, Supply from Netherlands, UK, US & Japan.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European and US Futures are modestly lower, amid the broader negative risk toneBoeing -8.5% pre-market after the FAA ordered a grounding/inspection of 737 Max 9 operated by US airlinesDollar holds within a tight range; Antipodeans lag & JPY bid in-fitting with the risk-averse environmentBonds divergent, with Treasuries holding around flat whilst Bunds dip lowerCrude is markedly lower alongside base metals, hampered by a firmer Dollar and the toneLooking ahead, US Employment Trends, Consumer Credit, NY Fed Survey of Consumer Expectations, Japanese All Household Spending & Tokyo CPI, Speech from Fed’s Bostic, Earnings from Brunello Cuccinelli.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks gradually deteriorated following a muted start and last Friday’s post-data whipsawing stateside.US House Speaker Johnson said congressional leaders reached a spending level deal in which the topline figure for FY24 is USD 1.6tln.European equity futures are indicative of a slightly lower open with Euro Stoxx 50 futures -0.2% after the cash market closed down by 0.2% on Friday.DXY contained sub-102.50, JPY the marginal G10 outperformer, EUR/USD has traded on either side of 1.0950.Looking ahead, highlights include German Industrial Orders &Trade Balance, Swiss CPI, EZ Sentix Index, Retail Sales, US Employment Trends, Consumer Credit, Japanese All Household Spending & Tokyo CPI, Speech from Fed’s BosticRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US Equities post losses but to a lesser magnitude than their European counterparts, as attention turns to US NFPDollar is firmer and Yen continues its losing run; Antipodeans lower amid a subdued risk toneBunds initially lifted on softer German Retail Sales, though entirely pared the move ahead of key US data; unreactive to Flash EZ HICPWTI and Brent are firmer on reports that the US is drafting plans to respond to Houthi militantsMaersk announces all vessels through Red Sea/Gulf of Aden to be diverted south for the foreseeable futureLooking ahead, Canadian Leading Index, US NFP, Durable Goods, ISM Services Employment Index, Canadian Ivey PMI, Speech from Fed's Barkin.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks eventually traded mixed as the earlier positivity gradually waned despite a lack of major newsflow.DXY traded in a tight range but briefly breached 102.50 to the upside, USD/JPY inched closer towards 145 before waning, and EUR/USD was subdued after falling under 1.0950.Crude futures were firmer whilst Politico sources suggested the US is drafting plans to hit back at Iran-backed Houthi militants.South Korea ordered an evacuation on Yeonpyeong Island near the North Korean border "due to the situation related to North Korea's provocation", according to Yonhap.European equity futures are indicative of a softer open with Euro Stoxx 50 future -0.5% after cash closed +0.6% on Thursday.Looking ahead, highlights include German Retail Sales, UK Halifax House Prices, EZ Flash CPI, Producer Prices, Canadian Leading Index, US NFP, Durable Goods, ISM Services Employment Index, Canadian Ivey PMI, and Speech from Fed's Barkin.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses and US Futures extend modest gains, though the Russell outperforms paring back the prior day’s hefty lossesDollar is softer and the Pound gains post-final PMI revisions, EUR bid on PMIs with German inflation due; Yen continues its losing streakBonds weaken as attention turns to US data; hawkish reaction after Final PMI revisionsCrude benchmarks are firmer as Middle East tensions continue alongside USD downside, XAU also benefitsLooking ahead, US Services & Composite PMI (Final), German Nationwide CPI, US Initial Jobless Claims. Earnings from Walgreens Boots, Lamb Weston HoldingsRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US stocks again saw losses on Wednesday with the Russell 2k heavily underperforming, with two-way action seen on the release of an overall balanced FOMC minutes.FOMC Minutes stated that participants viewed the policy rate as likely at or near its peak. Several participants observed that circumstances might warrant keeping the policy rate at the current level longer than they currently anticipate.APAC stocks traded lower across the board as the risk aversion continued to seep from Wall Street despite the lack of a clear catalyst; energy stocks outperformed.DXY briefly topped 102.50 and printed a session high before waning to a fresh session low. Antipodeans narrowly outperformed. EUR/USD and GBP/USD were flat while USD/JPY was choppy.European equity futures are indicative of a flat open after Euro Stoxx 50 cash closed -1.4% on Wednesday.Looking ahead, highlights include EZ, UK, US Services & Composite PMI (Final), German State and Nationwide CPI, US Initial Jobless Claims, BoE Monthly Decision Maker Panel, supply from UK, France, Spain & US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses post significant losses despite limited fresh newsflow, whilst US Futures are negative albeit to a lower magnitude awaiting key US dataDollar is firmer and JPY continues to underperform; Antipodeans diverge as the AUD/NZD cross dips below 1.08.Bonds are pressured with overall specifics light as markets await key US eventsCrude continues to pullback along with Gold, suffering from recent strength in the Dollar and the souring tone generallyLooking ahead, US MBAs, ISM Manufacturing PMI, JOLTs, Australian Services & Composite Final, FOMC Minutes, Fed's BarkinRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mostly lower as sentiment reverberated from Wall Street's downbeat performance, while Japanese markets were away on a market holiday.DXY held a softer bias overnight but maintained 102+ status after taking a breather from yesterday's surge from a 101.33 low to a 102.25 peak. EUR/USD rose back above 1.0950 while USD/JPY traded on either side of 142.00.European equity futures are indicative of a slightly lower open, with the Euro Stoxx 50 future -0.2% after cash markets closed -0.2% on Tuesday.China is expected to persist in reducing interest rates and the reserve requirement ratio (RRR) throughout 2024, according to the China Securities Journal. Looking ahead, highlights include German Unemployment, US MBAs, ISM Manufacturing PMI, JOLTs, FOMC Minutes, Fed's Barkin, Supply from Germany. Earnings from JD Sports, and Bellway.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European equities are firmer, though have significantly pared much of their initial gains; US equity futures are mixed and generally more contained.DXY holds onto modest gains above 101.50, JPY lagsFixed benchmarks hold onto a negative bias ahead of a busy slate throughout the weekCrude soars amid geopolitical tensions; Gold also gains whilst base metals are mixedIsrael says it will pull out thousands of troops from Gaza. However, PM Netanyahu has cautioned that the war will go on for many more monthsLooking ahead, Canadian & US Manufacturing PMI, US Construction SpendingRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are mixed whilst US futures are entirely in the red; Nike (-12.2%) shares slump in the pre-marketDollar remains sub-102, GBP firmer post Retail Sales and Antipodeans softerFixed benchmarks are around unchanged and Gilts are muted as Retail Sales strength is offset by GDP revisionsCrude and Spot Gold benefit from broader weakness in the Dollar whilst Base Metals are mixedLooking ahead, US Personal Income, Core PCE, US Durable Goods, UoM Inflation Expectations (Final), and Canadian GDPRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded with a modest positive bias following the gains on Wall Street but with gains capped ahead of the US PCE and the Christmas break.Nike (NKE) shares slumped over 11% after-market after guiding Q3 revenue slightly negative Y/Y, cutting FY24 revenue growth guidance, and warning of cautious consumers.DXY took a breather after dipping to multi-month lows overnight. The Dollar was sold on Thursday in quiet US trade with desks pointing to month-end flows ahead of the holidays.European equity futures are indicative of a slightly softer open with the Euro Stoxx 50 future -0.1% after cash markets closed -0.2% on Thursday.Looking ahead, highlights include UK GDP, Retail Sales, US Personal Income, Core PCE, US Durable Goods, UoM Inflation Expectations (Final), and Canadian GDP.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are weaker whilst US Futures are firmer, attempting to pare back the prior day's lossesDollar is lacklustre in holiday-thinned trade, Yen outperformsFixed benchmarks are incrementally firmer with outperformance in Gilts continuing Wednesday’s CPI-driven dovish moveCrude futures are tilting lower though within recent ranges; Spot gold remains unchanged amid similar USD actionLooking ahead, US GDP Final, PCE, Philly Fed Business Index, IJC, Canadian Retail Sales, Japanese CPI, CBRT Policy Announcement, ECB 5-yearly Capital Key Adjustment, ECB’s Lane, Supply from the US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US stocks sold off in the NY afternoon with desks pointing to technical factors, hefty 0DTE put options volume, and positioning in "holiday-thinned trade".APAC stocks traded mostly lower as the downbeat sentiment from Wall Street reverberated despite a lack of major catalysts, although Mainland Chinese markets eventually eked out gains.The Biden administration is reportedly mulling raising tariffs on some Chinese goods, including EVs, WSJ sources said, in an attempt to bolster US clean energy against cheaper Chinese exports.European equity futures are indicative of a softer open with Euro Stoxx 50 future -0.6% after cash markets closed flat on Wednesday.Looking ahead, highlights include UK PSNB, US GDP Final, PCE, Philly Fed Business Index, IJC, Canadian Retail Sales, Japanese CPI, CBRT Policy Announcement, ECB 5-yearly Capital Key Adjustment, ECB’s Lane, Supply from the USRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses and US Futures are weaker though the FTSE 100 (+0.8%) outperforms post-CPIDollar remains propped up; Pound lags after softer-than-expected CPI; Yen outperformsFixed is higher led by outperformance in Gilts as attention turns to US 20yr supplyCrude is firmer with overall specifics light; Spot Gold gives back some of yesterday's gains whilst base metals are generally in the greenLooking ahead, EZ Consumer Confidence (Flash), US Consumer Confidence, BoC Minutes (Dec), ECB's Lane; Fed's Goolsbee, Supply from the USRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mostly positively following the tailwinds from Wall Street, although newsflow overnight was on the quieter side amid the pre-Christmas lull.Nikkei 225 and JGB futures surged as APAC traders reacted to BoJ Governor Ueda's dovish press conference.European equity futures are indicative of a firmer cash open, with Euro Stoxx 50 future +0.2% after cash markets closed +0.3% on Tuesday.The US reportedly weighs whether to attack Houthis beyond the defensive task force with possible strikes on Houthis in Yemen considered, according to Bloomberg sources.Looking ahead, highlights include German GfK, UK CPI, PPI, EZ Consumer Confidence (Flash), US Consumer Confidence, BoC Minutes (Dec), ECB's Lane; Fed's Goolsbee, and Supply from the US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

BoJ maintained policy settings & forward guidance, Ueda said little chance for BoJ to say policy will change in JanuaryDovish reaction in fixed income with JGBs leading and global yields lower, USD/JPY testing 145.00 at bestEuropean bourses & US futures are firmer, ES remains sub-4800 and Monday’s 4802.25 bestDXY pivoting 102.50 with Antipodeans once again outperforming with strength also in EUR & GBPCrude & European energy benchmarks softer on a breather from Red Sea tensions, but crude has since lifted on Euronav remarksLooking ahead, highlights include US Building Permits/Housing Starts, Canadian CPI, Japanese Trade Balance, NBH Announcement, Fed's Bostic, Goolsbee; BoE's Breeden.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks eventually traded mixed after a subdued start to the session with news flow light and the BoJ failing to induce any macro price action.JPY was hit after the BoJ unanimously left its rate and YCC unchanged, whilst forward guidance was also maintained and the Bank acknowledged the recent cooling in inflation.Fed's Daly (2024 voter) said it is appropriate for the Fed to begin looking ahead to lowering interest rates in 2024 because of how inflation has improved this year.The US and its allies agreed to a Red Sea naval task force, according to Associated Press; Yemen Houthi officials said the group will be able to confront any possible coalition that could be formed by the US in the Red Sea.Looking ahead, highlights include EZ HICP (Final), US Building Permits/Housing Starts, Canadian CPI, Japanese Trade Balance, NBH Announcement, Fed's Bostic, Goolsbee; BoE's Green; ECB's Elderson, and Supply from the UK.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Modest pressure in European/US equities after a similar APAC handover given some Fed pushbackFed's Mester (2024) says markets are a bit ahead of the Fed on rate cuts; Goolsbee (2023 voter) may need to shift focus to jobsDXY pressured around 102.50, EUR above 1.09 with limited reaction to Ifo; JPY lags into BoJEGBs printed session highs after German Ifo with USTs contained & 30yr yield eyeing 4.00% to downsideCrude benchmarks pressured post-data but off lows as BP announces a halt to tanker transits in the Red SeaLooking ahead, highlights include US NAHB, NZ Trade, ECB’s Schnabel, Lane, Wunsch & Fed's GoolsbeeRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mostly negatively following a weekend heavy with geopolitical headlines and as markets look to wind down for the Christmas break.DXY held a downward bias and traded on either side of 102.50 within a 102.44-63 range amid light macro newsflow and ahead of this week's BoJ confab and US PCE data.North Korea fired a long-ranged ICBM overnight, which landed outside of Japan's EEZ. The North Korean ICBM ballistic missile test could have a range covering all of the US, according to AFP citing Japan.Fed's Bostic said rate cuts are not 'an imminent thing, Goolsbee did not rule out the possibility of cutting rates in MarchEuropean equity futures are indicative of a softer cash open, with Euro Stoxx 50 future -0.2% after cash markets closed +0.2% on Friday.Looking ahead, highlights include German Ifo, Canadian NAHB, NZ Trade, ECB’s Schnabel & Lane, and BoE’s Broadbent.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European equities and US Futures are firmer; the RTY (+0.9%) outperformsDollar meanders around the 102 level; Antipodeans benefit from the risk tone whilst EUR lags post PMIEGB’s are bid following EZ Flash PMI data whilst USTs are contained pre-Williams; Gilts remain firmer but off highs after their own PMIsCrude holds a modest bias in line with a broader positive risk tone post Chinese Industrial Output data.Looking ahead, US Capacity Utilisation, Industrial Production, NY Fed Manufacturing, Quad Witching, CBR Policy Announcement, Speeches from Fed's Williams & BoC’s Macklem.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mostly higher after the positive handover from Wall St as yields continued to decline.Chinese Industrial Production topped estimates but Retail Sales disappointed despite showing double-digit percentage growth.European equity futures are indicative of a higher open with Euro Stoxx 50 future +0.2% after the cash market closed up 0.2% yesterday.DXY hovers around the 102 mark, EUR/USD lingers just below 1.10 and USD/JPY sits around the 142 level.Looking ahead, highlights include EZ, UK & US PMIs (Flash), EZ Trade Balance, US Capacity Utilisation, Industrial Production, NY Fed Manufacturing, Quad Witching, CBR Policy Announcement, BoE’s Ramsden & BoC’s Macklem.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European equities and US futures continue to gain; the FTSE 100 outperforms lifted by upside in Basic ResourcesDXY is weaker post-FOMC; Antipodeans bid on positive risk sentiment; JPY benefits from converging yield spreadsSNB unchanged at 1.75%, cuts not part of the discussion, dropped FX ‘selling’ reference; Norges Bank hiked to 4.50%Fixed bid awaiting fresh impetus from the ECB and BoECommodities extend post-Fed gains as BoE and ECB loom; Base metals surged although gains overnight were capped by the mixed APAC mood.Looking ahead, US Export & Import Prices, IJCs, Retail Sales, Australian PMI (Flash), BoE, ECB & Banxico Policy Announcements, ECB’s Lagarde Press Conference, Supply from the US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US stocks rallied, while bonds and gold also surged as the dollar and yields slumped in response to the dovish FOMCThe Fed kept rates unchanged but made dovish tweaks to the statement guidance and cut its 2024 median dot by more than expectedEuropean equity futures are indicative of a higher open with Euro Stoxx 50 future +1.1% after the cash market closed down 0.1% yesterdayDXY fell as low as 102.42, EUR/USD hovers around 1.09 pre-ECB, USD/JPY slipped below 141 at one stage. The US 10yr treasury yield below 4.0% for the first time since August, while money markets are pricing around 150bps of cuts for next year.Looking ahead, highlights include US Export & Import Prices, IJCs, Retail Sales, Australian PMI (Flash), BoE, ECB, SNB, Norges & Banxico Policy Announcements, ECB’s Lagarde Press Conference, Supply from US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European equities and US Equity futures are firmer awaiting the Fed Policy AnnouncementDollar is bid to the detriment of G10 pairs; Kiwi underperforms following the larger NZ current account deficit; Pound lags amid dismal GDP dataGilts gap higher post-data though benchmarks await the FOMC & German fiscal clarityCrude teeters around the unchanged mark having spent much of the European session in the red; Base metals are mostly softer awaiting the FedLooking ahead US MBA, PPI, NZ GDP, Fed & BCB Policy Announcement, Fed Chair Powell at the FOMC Press ConferenceRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mixed with participants cautious heading into the FOMC announcement.European equity futures are indicative of a flat open with Euro Stoxx 50 future unchanged after the cash market closed down 0.1% yesterday.DXY remains sub-104 pre-FOMC, JPY unfazed by improved Tankan data, NZD lags.USTs and Bunds are marginally firmer post-strong 30yr US auction, crude futures languished near 6-month lows.Looking ahead, highlights include UK GDP, Services, Manufacturing Output, EZ Industrial Production, US MBA, PPI, NZ GDP, Fed & BCB Policy Announcement, Fed Chair Powell at the FOMC Press Conference, Supply from Italy and UKRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses dip into the red despite initial gains; US Futures are firmer ahead of US CPI; the FTSE 100 outperforms post UK-dataDollar oscillates on either side of the 104.00 mark; Yen is among the G10 outperformers, rebounding from yesterday’s hefty lossesBonds lift off post-supply low as attention turns to US CPI later today, Gilts gap higher on UK wagesCrude is weaker despite overnight reports that a Norwegian-flagged tanker was hit by a missile that was suspected to be fired by Yemen's Houthi rebels; base metals are broadly benefitting from the Dollar pullbackLooking ahead, US CPI, Japanese Tankan, Supply from the USRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mostly positive as the region took impetus from the gains on Wall St.European equity futures are indicative of a slightly higher open with Euro Stoxx 50 future +0.1% after the cash market closed up 0.4% yesterday.DXY is softer but contained in a tight range around the 104 mark, antipodeans and JPY lead gains vs. the greenback.Bunds and USTs firmer despite poor US 3yr and 10yr auctions, crude continued to edge higher.Looking ahead, highlights include UK Employment, EZ & German ZEW, US CPI, Japanese Tankan, Supply from UK & US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European equities are mixed/flat alongside US equity futures; the FTSE 100 lags, hampered by Basic ResourcesDXY is around flat; JPY significantly underperforms after BoJ sources, USD/JPY up to 146.45BoJ is said to see little need to end negative rates in December, via Bloomberg citing sources; intends to come to a decision based on data up to the last minute. Lacks proof of sustainable inflation.Bunds post modest gains whilst Gilts lag in a continuation of last week’s slight divergence, USTs bear-flattenCrude dips after edging higher overnight with spot Gold also softerLooking ahead, US Employment Trends, US NY Fed Survey of Consumer Expectations, Chinese M2 Money Supply, FDI, Speech from RBA’s Bullock, Supply from US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mixed after recent data releases including stronger-than-expected jobs data from the US and worsening deflation in China, while this week’s upcoming risk events, including US CPI data and a slew of central bank updates, added to the cautious mood.DXY eked slight gains albeit with trade confined to a tight range; 10-year UST futures were little changed which provided some mild respite from post-NFP selling pressure; crude futures marginally extended on Friday's recovery but with the upside limited by the glum mood and lack of drivers.Bitcoin was pressured and tumbled by more than 5% in early trade to briefly below USD 42,000 and Ethereum also suffered a heavy intraday drop despite the lack of immediate news catalysts although does follow the recent surge in prices.Israeli national security advisor said the country 'can no longer accept' Hezbollah's presence on the northern border; Hezbollah lawmaker Fadallah said Israeli air strikes in south Lebanon mark a new escalation.Looking ahead, highlights include US Employment Trends, US NY Fed Survey of Consumer Expectations, Chinese M2 Money Supply, FDI, Speech from RBA’s Bullock, Supply from US.Click here for the Newsquawk Week Ahead.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European equities gain with outperformance in the CAC 40; US Futures meander around the unchanged mark ahead of NFPDollar remains within a tight range whilst the Kiwi lags on cross-related flows, JPY off recent highsFixed income retreats modestly ahead of payrolls, Gilts continue to modestly underperformCrude posts notable gains making back some of this week’s losses whilst spot Gold is around flatLooking ahead, US NFP, UoM Inflation Expectations SurveyRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks eventually traded mostly higher but with gains limited as sentiment remained cautious.RBI kept the Repurchase Rate unchanged at 6.50%, as expected.JPY remains the key focus in the FX space with USD/JPY sub-144.00, EUR/USD and Cable tested 1.08 and 1.26 respectively. European equity futures are indicative of a higher open with Euro Stoxx 50 future +0.3% after the cash market closed down 0.2% yesterday.Bunds are marginally softer, Brent and WTI are back above USD 75/bbl and USD 70/bbl respectively.Looking ahead, highlights include German CPI (Final), US NFP, UoM Inflation Expectations Survey, BoE Inflation Attitudes Survey.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European equities are on a weaker footing following a negative handover from the APAC session; whilst US futures are mixed with NQ holding in the greenDollar subdued with the Yen dominating as it benefits from higher JGB yields post BoJ UedaBoJ Governor Ueda suggested that the “handling of monetary policy would get tougher from the end of the year”Crude attempts to nurse recent losses while precious metals are flat pre-data, base metals benefit from the Dollar pullbackBunds bounce on more weak Q4 data, BoE/Fed pricing eases slightly from extremesLooking ahead, highlights include US IJC, US Wholesale Sales, NZ Manufacturing Sales, Japanese Cash Earnings & GDP (Revised), Speech from ECB’s EldersonRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks declined following the weak lead from Wall St, while markets digested mixed Chinese trade data.Chinese trade metrics showed the first expansion in exports since April although imports surprisingly contracted.European equity futures are indicative of a weaker open with Euro Stoxx 50 future -0.5% after the cash market closed up 0.7% yesterday.DXY holds a footing above 104, JPY leads following upside in Japanese yields, antipodeans narrowly lag.Looking ahead, highlights include UK Halifax House Prices, French Trade, Italian Retail Sales, EZ Employment (Final), GDP (Revised), US IJC, US Wholesale Sales, NZ Manufacturing Sales, Japanese Cash Earnings & GDP (Revised), Speech from ECB’s Elderson, Supply from Spain, France & US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are modestly firmer with US futures posting gains of a similar magnitudeThe Dollar is uneventful meandering around the 104 level; Antipodeans outperform paring back yesterday’s losses and benefiting from positive risk sentimentFixed saw initial EGB/UST divergence but Bunds have faded and move in-line with USTs which pause for breath pre-ADPCrude continues to slip whilst base metals are almost entirely in the green given the risk toneLooking ahead US MBAs, ADP National Employment, International Trade, Canadian Trade, NBP & BoC Policy AnnouncementsRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mostly higher with risk sentiment underpinned by softer yields.European equity futures are indicative of a modestly firmer open with Euro Stoxx 50 future +0.4% after the cash market closed up 0.9% yesterday.DXY lingers just below 104, EUR/USD languishes beneath 1.08, antipodeans benefit from the risk appetite.10-year UST futures marginally pulled back and Crude futures lacked direction after yesterday's whipsawing.Looking ahead highlights include EZ, German, French, Italian & UK Construction PMI, German Industrial Orders, EZ Retail Sales, US MBAs, ADP National Employment, International Trade, Canadian Trade, NBP & BoC Policy Announcements, BoE's FSR, Supply from UK.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European equities trade on the front foot though the FTSE100 is once again hampered by losses in Basic Resources; US Futures are in the redDXY trades around the unchanged mark, with the Aussie underperforming post RBA holdFixed was initially driven higher by ECB Schnabel’s comments; though now off best levels after EZ PMI revisionsECB's Schnabel (Hawk) says that further hikes are now “rather unlikely” following the November inflation data.Crude is on a modestly firmer footing whilst spot Gold takes a breather following yesterday's hefty lossesLooking ahead US Composite & Services Final PMIs, ISM Services PMI, JOLTS & Australian AIG Manufacturing IndexRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks declined following the mostly negative lead from Wall St where the major indices were choppy and ultimately weighed amid a rebound in yields ahead of key data releases.RBA kept the Cash Rate Target unchanged at 4.35%, as expected, while it reiterated its forward guidance; Chinese Caixin Services PMI topped forecasts; Tokyo CPI printed below expectations.Saudi's Energy Minister said OPEC+ cuts can 'absolutely' go beyond Q1 and they will not agree to a fossil fuel phase down, while he added that cuts will address the inventory build in Q1 and OPEC+ 2.2mln BPD cuts will be delivered.China's major state-owned banks were seen acquiring dollars via onshore swaps and selling them in the spot FX market, while it was also reported that the RBI was likely selling dollars near the 83.38-83.39 rupee level, according to sources and traders cited by Reuters.Looking ahead, highlights include EZ, UK, US Composite & Services Final PMIs, Spanish & French Industrial Output, US JOLTS, Australian AIG Manufacturing Index, ECB Consumer Expectations Survey, Supply from UK & Germany.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European equities mixed with underperformance in the FTSE100 hampered by Basic Resources and Energy; Stateside, futures trade on the backfootDollar is firmer with clear underperformance in the Swiss Franc post-CPI; Yen trades marginally firmer attributed to narrowing yield differentialsCore fixed benchmarks are around unchanged; Bunds were briefly lifted in the wake of weaker German Trade dataWTI and Brent lose further ground in a continuation of last week’s actionSpot Gold surged at the open to record levels, surpassing USD 2,100/oz before waning back to levels under USD 2,075/oz; whilst base metals are mainly in the redLooking ahead, US Durable Goods, Factory Orders, Australian Services & Composite PMI, Japanese CPI, Speeches from ECB’s Lagarde & Elderson.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mixed with an initial positive bias after last Friday’s gains on Wall St, although the upside was capped in the region after quiet macro newsflow from the weekend and ahead of this week’s key events.DXY was marginally positive in otherwise quiet trade, 10-year UST futures mildly pulled back although held to most of Friday's spoils, and crude futures were subdued.Spot gold initially surged by more than 3% shortly after the open as prices breached record highs to above the USD 2,100/oz level but then spent the rest of the session giving back the majority of the gains.Bitcoin rallied after breaking above the USD 40,000 level for the first time in more than a year and gradually extended on gains to breach above USD 41,000.US Pentagon said it is aware of reports regarding an attack on USS Carney and several commercial vehicles in the Red Sea, while the US said that USS Carney engaged and shot down a drone launched from Houthi-controlled areas in Yemen.Looking ahead, highlights include German Trade, EZ Sentix Index, US Durable Goods, Factory Orders, Australian Services & Composite PMI, Japanese CPI, Speeches from ECB’s Lagarde & Elderson.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European equities extend gains; FTSE100 propped up by mining names; US futures contained pre-PowellDXY is marginally weaker, with mild outperformance in the Kiwi post-hawkish commentary from HawkesbyBonds bounce and back on a firmer footing, after steep month-end retracementCrude contained post-OPEC; base metals boosted by the softer Dollar & firmer Chinese dataIsrael's military said that Hamas violated the truce and fired towards Israeli territory, while it has resumed combat against Hamas in GazaLooking ahead, US and Canadian Manufacturing PMI (Final), Canadian Unemployment Rate, Speeches from Fed’s Powell, Goolsbee & Cook, ECB's LagardeRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks began the new month with price action rangebound as markets paused following the November rally amid another busy day of economic releases, while the conflict in Gaza also resumed.DXY marginally softened beneath 103.50 as it gave back some of the prior day’s gains, USD/JPY briefly dipped beneath the 148.00 level, and Antipodeans were choppy amid the mixed risk appetite.Crude futures remained subdued after the prior day's selling despite the OPEC+ agreement for deeper production cuts with markets underwhelmed given that output cuts are voluntary which raises questions regarding the discipline of individual producers.European equity futures are indicative of a higher open with Euro Stoxx 50 future +0.4% after the cash market closed up 0.3% yesterday.Looking ahead, highlights include EZ, US, Canadian Manufacturing PMI (Final), UK Nationwide House Prices, French Budget Balance, Italian GDP (Final), Canadian Unemployment Rate, Speeches from Fed’s Powell, Barr, Goolsbee & Cook, ECB's Elderson & Lagarde.Click here for the Newsquawk Week Ahead.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Equities post modest gains with the FTSE 100 & DAX 40 outperforming given crude and SAP/SalesforceStateside futures tilt higher in-fitting with the European bias as markets await US PCE data.DXY is firmer, leading G10’s lower with clear underperformance in the EUR post cooler than expected CPI.Debt futures wane after short squeeze fizzles out; Bunds fade from near 133.00Crude extends gains following reports that OPEC+ has a preliminary agreement for additional oil output cuts in excess of 1mln BPD, according to ReutersThe overnight session saw a slew of key data releases including disappointing Chinese official PMI figures which showed a steeper contraction in China’s factory activity.Looking ahead, US Personal Consumption, PCE Price Index, IJC, Dallas Fed PCE, Canadian GDP, Average Weekly Earnings, Australian PMI (Final), Japanese Unemployment Rate, OPEC+ Meeting, Speeches from Fed’s Williams, BoE’s Greene & ECB’s Lagarde.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mixed and indecisively capped off this month’s notable gains as the Israel-Hamas truce hung in the balance before the announcement of a last-minute one-day extension.The overnight session saw a slew of key data releases including disappointing Chinese official PMI figures which showed a steeper contraction in China’s factory activity.OPEC+ reportedly mulls new oil production cuts amid the Middle East conflict with Saudi Arabia favouring a curb of up to 1mln BPD, while other members oppose downgrading quotas.German Finance Minister Lindner said Germany faces a EUR 17bln gap in the 2024 budget.Looking ahead, highlights include German Trade, Retail Sales, French GDP (Final), CPI, Produce Prices, German Unemployment, EZ CPI, Italian CPI, US Personal Consumption, PCE Price Index, IJC, Dallas Fed PCE, Canadian GDP, Average Weekly Earnings, Australian PMI (Final), Japanese Unemployment Rate, BoE’s Monthly Decision Panel, OPEC+ Meeting, Speeches from Fed’s Williams, BoE’s Greene & ECB’s Lagarde.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses & US Futures extend gains but with clear underperformance in the FTSE100DXY is firmer edging back towards the 103.00 level; G10’s are mixed with underperformance in the AUD following mixed data and cross-related flows.RBNZ opted for a hawkish hold where it kept rates unchanged but slightly raised its OCR forecasts from March 2024 to March 2025.EGBs bid amid EZ-member inflation prints, but have drifted slightly from best alongside USTsCrude remains resilient despite recent advances in the Dollar, with metals flat/mixedLooking ahead, German Prelim. CPI, US MBA’s, GDP Estimates, PCE Prices, Advance Goods Trade Balance, Japanese Industrial Production, Fed Beige Book, Speeches from BoE's Bailey & Fed’s Mester.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mixed after the choppy performance on Wall St where stocks wavered, Treasuries rallied, and the Dollar dipped on dovish Fed rhetoric.DXY was rangebound and traded on both sides of the 102.50 level overnight after declining yesterday on dovish comments from Fed hawk Waller; 10-year UST futures remained underpinned after the prior day’s bull-steepening.RBNZ opted for a hawkish hold where it kept rates unchanged but slightly raised its OCR forecasts from March 2024 to March 2025.Israeli negotiators are offering Hamas a further three days of ceasefire through to Sunday morning if the group releases all the remaining women and children they believe it is holding, according to sources close to talks in Qatar cited by The Times.Berkshire Hathaway's Charlie Munger passed away peacefully at the age of 99, according to a statement.Looking ahead, highlights include German Prelim. CPI, German Import Prices, Spanish CPI, Italian Consumer Confidence, UK Mortgage Lending, EZ Economic Sentiment, US MBA’s, GDP Estimates, PCE Prices, Advance Goods Trade Balance, Japanese Industrial Production, Fed Beige Book, Speeches from BoE's Bailey & Fed’s Mester, Supply from UK, Germany & Italy.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses slip whilst US Futures teeter around the unchanged mark with slight underperformance in the CAC 40Bonds retreat but have reclaimed some of the post-UK supply marked sell-off in GiltsDXY is around flat with slight outperformance in the CAD amid crude; G10s generally containedOil continues to extend gains while metals are flat/mixed in the absence of major catalystsLooking ahead, US Consumer Confidence, Richmond Fed Index, Fed Discount Rate Minutes, Speeches from BoE’s Haskel, ECB's Lagarde, Lane, Fed’s Goolsbee, Waller, Bowman & Barr, Supply from US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mixed amid the lower yield environment and after the lacklustre performance of US counterparts.DXY traded flat and was confined to within a tight range, USD/JPY tested 148.00 to the downside, Antipodeans were marginally firmer.10-year UST futures marginally eased back from the 109.00 level after rallying on the back of soft US housing data and a strong 5yr auction, while a weak 2yr offering failed to derail the momentum.European equity futures are indicative of a slightly lower open with Euro Stoxx 50 -0.1% after the cash market closed down 0.4% yesterday.Looking ahead, highlights include German GfK Consumer Sentiment, French Consumer Confidence, Italian Producer Prices, Italian Trade Balance, US Consumer Confidence, Richmond Fed Index, Fed Discount Rate Minutes, Speeches from BoE’s Ramsden & Haskel, ECB's Lane, Fed’s Goolsbee, Waller, Bowman & Barr, Supply from UK & US.Click here for the Newsquawk Week Ahead.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses & US futures are in the red with newsflow focused on geopols and any extension to the Israel-Hamas truce.Black Friday US online sales rose 7.5% Y/Y to USD 9.8bln, while shopper traffic to physical stores rose 2% -5% Y/Y, according to CNBC citing Adobe Analytics.USD remains heavy with initial support from yields also fading, CAD lags given crude.Crude continues to slump; latest reports suggest African states are yet to come to a baseline resolution.Looking ahead highlights include US Building Permits, Dallas Fed Manufacturing Business Index, ECB's Lagarde & Supply from the US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks declined heading into month-end and after newsflow over the weekend was mainly dominated by geopolitical headlines with a question mark hanging over whether the Israel-Hamas truce will be extended beyond the initial four-day agreement.Israeli PM Netanyahu said Israel will resume the Gaza operation in full force at the end of the truce but would welcome extending the truce if it facilitated the release of ten additional hostages daily.Hamas announced in a statement on Sunday that it is seeking to extend the truce with Israel if there are serious efforts made to increase the number of Palestinian detainees released from Israel.UK PM Sunak reportedly eyes more tax cuts in spring as he weighs the UK election date, while he also stated in an interview that claims the UK is headed for austerity are unfounded, according to Bloomberg.Black Friday US online sales rose 7.5% Y/Y to USD 9.8bln, while shopper traffic to physical stores rose 2%-5% Y/Y, according to Analytics. Online sales boosted by demand for electronics, smartwatches, TVs and audio equipment.Looking ahead, highlights include US Building Permits, Dallas Fed Manufacturing Business Index & Supply from the US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses & US futures are essentially unchanged, with price action & newsflow limited post-ThanksgivingDXY tilts lower with GBP bid as UK yields rise, NZD underpinned by retail data while EUR was largely unreactive to IfoEGBs & USTs continue to slump with supply-side dynamics in playCommodities await any fresh OPEC and/or geopolitical updates, the latter following the Israel-Hamas truce commencingLooking ahead, highlights include Canadian Retail Sales, US PMI (Flash), Speeches from ECB’s de Cos & de Guindos. Early Market Closures in the US Post-Thanksgiving.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mixed in the absence of a lead from Wall St and as markets headed into the start of the Israel-Hamas truce.DXY traded rangebound amid a lack of drivers and in holiday conditions with many in the US likely to stay away for Black Friday.10-year UST futures trickled further below 109.00 as yields edged higher and with demand hampered by thinned conditions.A four-day truce in the Israel-Hamas war took effect at 7:00 am local time (05:00 GMT) on Friday, with hostages held in the Gaza Strip set to be released later in the day in exchange for Palestinian prisoners.OPEC+ is moving closer toward a compromise with African oil producers, according to Reuters citing two OPEC+ sources.Looking ahead, highlights include German GDP & Ifo, Canadian Retail Sales, US PMI (Flash), Speeches from ECB’s Lagarde, de Cos & de Guindos, Early Market Closures in the US Post-Thanksgiving.The Newsquawk desk will operate a normal service today until 18:15GMT/13:15EST, upon which the desk will close.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were subdued for most of the session before edging higher in holiday-quietened conditions owing to market closures in the US and Japan.DXY marginally softened, EUR/USD nursed the prior day’s losses, and Antipodeans were firmer with NZD/USD the outperformer.Israel’s military said they do not know when the ceasefire will take effect; Iran's Foreign Minister said if the truce between Hamas and Israel does not continue, the war will spread.German Federal government decided to discontinue the programme for inflation-linked bonds with no further inflation-linked Federal securities to be issued from 2024Looking ahead, highlights include French, German, EZ & UK PMI (Flash), Japanese CPI, Riksbank, SARB & CBRT Policy Announcements, ECB Minutes & Banxico Minutes, Speeches from Riksbank Thedeen, ECB’s Schnabel & Cipollone, US Thanksgiving Holiday.The Newsquawk desk will operate a normal service on Thursday 23rd November until 18:00GMT/13:00EST, upon which the desk will close and then re-open later at 22:00GMT/17:00EST for the beginning of the Asia-Pacific session.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses marginally extend gains alongside US Futures; outperformance in RTY as it pares back lossesDXY is firmer with slight underperformance in the Yen as it gives back yesterday's gainsEGBs climb after a stellar German auction and fresh fiscal reportsIndustrial commodities dip amid a flimsy risk tone while XAU remains above USD 2k/ozLooking ahead, highlights include US Durable Goods, IJC, EZ Consumer Confidence (Flash), UoM Inflation Expectations (Final), ECB’s Elderson & BoC’s Macklem, Supply from USRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mixed following the weak handover from the US where sentiment was dampened amid soft data and pre-Thanksgiving positioning.FOMC minutes stated the FOMC saw rates remaining restrictive for some time; the minutes were uneventful and had little effect on price action.Hamas confirmed an agreement with Israel for a four-day pause in Gaza hostilities and agreed to release around 50 women and children hostages from Gaza in exchange for Israel releasing 150 Palestinian women and children from Israeli jails.Chinese government advisers are to recommend a 4.5%-5.5% growth target for 2024, while they noted that maintaining China's growth pace next year requires more fiscal stimulus,UK Chancellor Hunt is to reveal an annual GBP 9bln permanent tax break for businesses. Hunt is also expected to cut national insurance for employees and self-employed in the Autumn Statement.Binance founder Changpeng Zhao agreed to step down and plead guilty to violating money laundering rules.Looking ahead, highlights include UK CBI Trends, US Durable Goods, IJC, EZ Consumer Confidence (Flash), UoM Inflation Expectations (Final), UK Autumn Statement, ECB FSR, Speeches from RBA’’s Bullock, ECB’s Elderson & BoC’s Macklem, Supply from Germany & US. Earnings from Thyssenkrupp, Severn Trent, Kingfisher, Deere & Co.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are mixed, waning off highs whilst US Futures trade with little directionBonds off best levels after having bounced following yesterday’s well-covered US supplyDollar remains weaker; whilst the Kiwi outperforms owning to encouraging NZ trade dataCrude trims Monday's gains while metals benefit from the Dollar pullback & strike actionLooking ahead, highlights include US National Activity Index, US Fed Non-Manufacturing Business Outlook Survey, Canadian CPI, NBH Policy Announcement, Fed Minutes, Canadian Fall Economic Update, Speeches from ECB’s Lagarde & Schnabel, Supply from US, Earnings from NVIDIA Corp, Analog Devices, Best Buy & Autodesk.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mostly higher following the tech-led gains in the US where Microsoft shares climbed to a record high in otherwise quiet trade and with Chinese markets underpinned by property sector support.USD/JPY continued to trickle lower and breached the 148.00 level to the downside despite softening JGB yields; DXY remained pressured firmly beneath the 104.00 level and Antipodeans were underpinned.RBA November Minutes stated that staff projections for inflation at the meeting assumed one or two more rate hikes and the Board noted the Cash Rate remained below rates in many other countries, while rising house prices could indicate that policy was not especially restrictive.BoE Governor Bailey said it is far too early to be thinking about rate cuts and that returning inflation to the target is an "absolute priority", while he said they will take no chances when inflation is high.Hamas chief said that they are close to reaching an agreement on a temporary ceasefire, arrangements for entry of aid into Gaza and a hostages-prisoners swap deal.Looking ahead, highlights include UK PSNB, US National Activity Index, US Fed Non-Manufacturing Business Outlook Survey, Canadian CPI, NBH Policy Announcement, Fed Minutes, Canadian Fall Economic Update, BoE Treasury Select Hearing, Speeches from ECB’s Lagarde & Schnabel, Supply from Germany & US, Earnings from Lowe's, NVIDIA Corp, Analog Devices, Best Buy & Autodesk.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are near unchanged with specifics light but the DAX 40 & Healthcare lagging amid marked Bayer pressureStateside, futures are slightly firmer in-fitting with the APAC bias but with action contained into a holiday-thinned weekDXY pressured attempting to convincingly re-claim 103.50 with Yen & Yuan the main beneficiariesCore fixed benchmarks pressured but off lows ahead of US 20yr, BTPs outperform post-Moody’sCrude benchmarks continue Friday’s rebound as participants digest OPEC+ reports, spot gold soft but base metals bidLooking ahead, highlights include US Leading Index Change, New Zealand Trade, Speeches from ECB's de Cos, BoE’s Bailey, RBA’s Bullock & Schwartz, Supply from the US, and Earnings from Zoom Video CommunicationsRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mostly positive albeit with gains capped amid the lack of fresh catalysts from over the weekend and as participants await this week’s key events including tomorrow's FOMC minutes release.DXY was pressured and trickled further beneath the 104.00 level amid gains in its major peers; PBoC maintained LPRs as expected.European equity futures are indicative of a flat open after the cash market closed +0.9% on Friday.Yemen’s Houthis said they will target all ships owned and operated by Israeli companies or carrying the Israeli flag, while the Houthis later announced that they seized an Israeli ship and took it to a Yemeni port.Energy Intel’s Bakr said she hasn’t heard of any ‘additional’ OPEC+ cuts being discussed at this time.Looking ahead, highlights include German Producer Prices, US Leading Index Change, New Zealand Trade, Speeches from ECB’s Lane, de Cos, BoE’s Bailey, RBA’s Bullock & Schwartz, Supply from the US, and Earnings from Zoom Video Communications.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European equities soar with US futures bid but slightly more containedDXY is trending lower towards the 104.00 level, with outperformance in the Yen amid tighter yield differentialsBond bulls rampant, assisted by softer UK Retail Sales, with key yield levels in sightCrude attempts to nurse some losses while industrial metals are subdued but precious metals shineLooking ahead, highlights include US Housing Starts, Speeches from BoE's Ramsden & Greene; Fed’s Collins, Barr, Goolsbee & Daly; ECB's Nagel, Wunsch & Cipollone.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mixed with sentiment clouded after the recent soft US data and tumble in oil prices.European equity futures are indicative of a higher open with the Euro Stoxx 50 +0.4% after the cash market closed -0.3% yesterday.DXY is contained within a tight range, EUR/USD oscillates around 1.0850, USD/JPY slipped further below 151.Bunds pulled back from recent highs, crude is contained following yesterday's heavy selling.Looking ahead, highlights include UK Retail Sales, EZ CPI (Final), US Housing Starts, Speeches from ECB’s Lagarde, BoE's Ramsden, Fed’s Collins, Barr, Goolsbee & Daly.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are incrementally weaker, whilst US futures teeter around the unchanged mark; DAX 40 outperforms post-SiemensDXY is slightly firmer with underperformance in the Antipodeans on fairly muted risk sentimentUSTs/EGBs back in the green after briefly retreating alongside downside in Gilts amid hawkish remarks from BoE’s GreenCrude remains on the backfoot while metals march higher, although iron declined overnight amid Chinese interventionLooking ahead, highlights include US IJC, BoE’s Ramsden, ECB’s Lagarde & de Guindos, Fed’s Barr, Waller, Cook, Mester & Williams, Supply from US, Earnings from WalmartRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mostly negative as the recent data-driven momentum eventually lost steam.US Senate voted to pass the stopgap funding bill to avert a government shutdown, as expected.European equity futures are indicative of a slightly softer open with the Euro Stoxx 50 -0.1% after the cash market closed +0.6% yesterday.Biden-Xi meeting was said to be constructive and productive as they agreed to restart cooperation on counter-narcotics and create forums for military-to-military contact.DXY has continued to grind higher to circa 104.50, USD/JPY remains on a 151 handle, antipodeans lag peers.Looking ahead, highlights include US IJC, BoE’s Ramsden, ECB’s Lagarde & de Guindos, Fed’s Barr, Waller, Cook, Mester & Williams, Supply from Spain, France & US, Earnings from Alibaba & Walmart.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses & US futures continue to build on post-US CPI gains; FTSE 100 outperforms on softer-than-expected UK CPIDollar finds some reprieve whilst Kiwi outperforms underpinned by encouraging Chinese activity data & GBP underperformsInitial UK CPI-induced Gilt strength lost as core benchmarks pullback modestlyCrude subdued but both precious and base metals extend gains despite a slightly firmer DollarLooking ahead, highlights include US Retail Sales, Japanese Trade, Fed's Barr, Biden-Xi Meeting. Earnings from CiscoRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks followed suit to the global risk-on mood after softer-than-expected US CPI, while the region also digested better-than-expected Chinese activity data.US House voted 336-95 to pass a temporary spending bill that would avert a government shutdown; bill now goes to the Senate.European equity futures are indicative of a slightly firmer open with the Euro Stoxx 50 +0.2% after the cash market closed +0.8% yesterday.DXY is stuck just above the 104 mark, USD/JPY is sub-151, whilst other majors hold onto gains vs. the greenback.Looking ahead, highlights include French Unemployment, UK CPI & RPI, French & Italian CPI (Final), EZ Trade Balance & Industrial Production, US Retail Sales, Japanese Trade, Fed's Barr & Barkin, Biden-Xi Meeting, Supply from GermanyRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses & US futures are marginally firmer but with price action tentative pre-CPIDXY marginally lower, with EUR bid following German ZEW & Cable testing 1.23Debt futures retain yesterday’s gains, Bunds experienced slight downticks around supply and dataCrude continues to build on Monday's gains; IEA OMR forecasts demand to grow for 2023 & 2024Looking ahead, highlights include US CPI, Cleveland Fed CPI, Japanese GDP, Speeches from Fed’s Mester, Goolsbee, Barkin & Barr, ECB’s EldersonRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded somewhat mixed with gains capped as markets await incoming US CPI data.US House Speaker Johnson's plan to prevent a government shutdown will be considered by the House on Tuesday, according to CBS.Hamas armed wing spokesperson said they told mediators they are ready to release up to 70 children and women in a five-day truce.European equity futures are indicative of a relatively flat open with the Euro Stoxx 50 -0.1% after the cash market closed +0.8% yesterday.DXY is steady, EUR/USD eyes 1.07 to the upside, USD/JPY is flat after recent jawboning.Looking ahead, highlights include UK Jobs Data, Spanish CPI (Final), Employment, GDP, German ZEW, US CPI, Cleveland Fed CPI, Japanese GDP, Speeches from Fed’s Jefferson, Mester, Goolsbee, Williams & Barr, ECB’s Lane, Centeno & Elderson, German SupplyRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are firmer whilst US futures slip going into a busy week & after Moody's updateDXY is lacklustre awaiting US CPI on Tuesday, with AUD extending gains and underpinned by RBA’s KohlerBonds bounce broadly and fairly firmly, though Bunds ultimately unable to reclaim 130.00Crude off worst levels and into positive territory despite initial two-way action, OPEC MOMR dueLooking ahead, highlights include US NY Fed Survey of Consumer Expectations, Federal Budget, Speeches from Fed’s Cook & BoE’s MannRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mostly subdued and failed to sustain the early momentum from last Friday’s rally on Wall St.US House Speaker Johnson unveiled a GOP stopgap funding bill which includes January and February end dates; proposal was criticised by the White House.Moody’s affirmed US at AAA; Outlook Cut to Negative from Stable on Friday.DXY is steady on a 105 handle, JPY lags G10 FX, most other majors are broadly stable.Hamas suspended hostage negotiations over Israeli forces’ handling of the Al-Shifa Hospital.European equity futures are indicative of a marginally higher open with the Euro Stoxx 50 +0.2% after the cash market closed -0.8% on Friday.Looking ahead, highlights include US NY Fed Survey of Consumer Expectations, Speeches from ECB’s de Guindos & BoE’s Mann.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses slump, whilst US futures meander on either side of the unchanged level; NQ underperforms on higher yieldsBonds continue to sell-off following yesterday’s hawkish leaning comments from Fed Chair Powell and a dismal US long bond auctionDXY is slightly lower, edging towards session lows of 105.76 with G10’s generally lifeless against the DollarCrude benchmarks extend gains and entirely pare back the losses seen late in yesterday's session, whilst base metals are hit by broader negative risk toneLooking ahead, Highlights include US UoM, Chinese M2 Money Supply, BoC SLOOS, Fed’s Logan, Bostic, Daly; ECB’s LagardeRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded lower across the board as the downbeat sentiment from Wall Street reverberated to the region following the poor 30-year US auction coupled with Powell’s hawkish lean, whilst the APAC region itself digested earnings and China’s ongoing woes.Fed Chair Powell leant hawkish following the dovish repricing seen last week in the wake of the FOMC and NFP jobs report. Powell did not comment on the NFP report specifically, but maintained his view the labour market remains tight but is coming into better balance.A ransomware attack on the Industrial and Commercial Bank of China has disrupted the US Treasury market by stopping China's largest bank from settling Treasury trades, according to market participants cited by FT; ICBC Financial Services confirmed they experienced a ransomware attack.European equity futures are indicative of a lower open as the region played catch-up to the Wall Street losses, with the Euro Stoxx 50 -0.7% after cash markets closed +1.2% the day before.Looking ahead, Highlights include UK GDP Estimate, Services, Trade Balance, US UoM, Chinese M2 Money Supply, BoC SLOOS, Fed’s Logan, Bostic; ECB’s Lagarde, and supply from Italy. Earnings: Allianz, Richemont, GN Store NordRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses march firmly into the green whilst US futures post gains to a lesser extent; RTY outperforms after heavy losses in recent sessionsDollar is firmer ahead of Fed Chair Powell, with the Kiwi outperforming as it benefits from AUD/NZD cross-sellingDebt gives back some of the prior session's gains with US 10-year yield surpassing 4.50%, though benchmarks are off worstCrude attempts to claw back some of the losses felt over the week; potentially assisted by news that the US military conducted strikes in eastern SyriaHighlights include US IJC, NZ Manufacturing PMI, Speeches from Fed’s Powell, Barkin, Bostic, ECB’s Lagarde, Banxico Policy Announcement, Supply from USRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mostly firmer following a similar lead from Wall Street; Chinese markets saw more of a muted performance.DXY traded flat within a tight range on either side of 105.50, USD/JPY remained just under 151.00, and Antipodeans outperformed.European equity futures are indicative of a contained open with the Eurostoxx 50 -0.1% after the cash market closed +0.6% yesterday.US military forces confirm it conducted a self-defence strike on a facility in eastern Syria, according to the Pentagon; the strike was a response to attacks against US personnel in Iraq and Syria by IRGC-Quds Force affiliates.Highlights include US IJC, NZ Manufacturing PMI, Speeches from Fed’s Powell, Barkin, Bostic, ECB’s Lagarde, BoJ’s Ueda, ECB’s Lane, Banxico Policy Announcement, Supply from US.Earnings: Deutsche Telekom, Hannover Re, AstraZeneca, Taylor Wimpey, National GridRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses post modest losses whilst the NQ & ES teeter around the unchanged mark, RTY lags slightly.Bonds extended gains with Gilts outpacing counterparts though ultimately fell short of 96.00 level, with the complex now off best levels & USTs lower.USD bid with the index printing a 105.87 high, putting downward pressure on G10 peers; GBP bearing the brunt & largely attributed to outperformance in Gilts.Crude continues to crumble but has lifted from lows most recently amid a magnitude 5 earthquake in western TexasLooking ahead, highlights include US Wholesale Prices, NBP Policy Announcement; BoC Minutes, Speeches from Fed’s Powell, Williams, Barr & Jefferson; BoE’s Bailey; Supply from US. Earnings: Telecom Italia, Ralph Lauren, Kellogg, Disney, BlackRock, Warner Bros Discovery & Disney.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mixed/mostly firmer following a similar lead from Wall Street, with the breadth of markets in APAC hours particularly narrow.DXY held a modest upward bias with G10s mostly subdued in what was a contained session for FX.European equity futures are indicative of a subdued open with Euro Stoxx 50 future -0.3% after cash markets closed -0.1% yesterday.US Treasury said no trade partners manipulated currencies; China remains on the monitoring list due to a lack of transparency for its foreign exchange practices.Looking ahead, highlights include German CPI (Final), NBP Policy Announcement; Norges Bank FSR, ECB Consumer Expectations Survey, BoC Minutes, Speeches from Fed’s Cook, Powell, Williams, Barr & Jefferson; BoE’s Bailey; ECB’s Lane & Makhlouf, Supply from UK, Germany & US.Earnings: Adidas, Airbus, Bayer, Telecom Italia, Ralph Lauren, Kellogg, Disney, BlackRock, Warner Bros DiscoveryRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European equities/US futures in the red with sentiment sour ahead of a busy day of Fed speakFixed benchmarks are back in bull-flattening mode, lifting from yesterday’s lows pre-supplyDXY firmly above 105.50, whilst Antipodeans sink on weaker sentiment and post-RBA hikeAs expected, the RBA announced a 25bps hike, ensuing initial upside in the AUD before slipping on weaker forward guidanceCrude benchmarks pare back yesterday’s gains, with base metals also in the red owing to the firmer Dollar and general market sentimentLooking ahead, highlights include US International Trade, IBD/TIPP, Manheim Index, NY Fed Q3 Household Debt & Credit Report, Speeches from Fed’s Goolsbee, Schmid, Williams, Logan, Barr, Waller, UK King's Speech and Earnings from CNH Industrial, Uber, eBay & Occidental Petroleum CorpRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were softer across the board following the prior day’s gains and the choppy/mixed lead from Wall Street.DXY gradually inched higher towards the top end of a 105.25-42 APAC range with G10s softer against the Buck to varying degrees.RBA hiked its Cash Rate by 25bps as expected to 4.35% from 4.10%, while forward guidance saw a dovish tweak.European equity futures are indicative of a softer open with the Eurostoxx 50 -0.3% after cash markets closed -0.4% yesterday.Israeli PM Netanyahu says Israel is open to "short pauses" in Gaza, but ruled out a ceasefire.Looking ahead, highlights include EZ, German, French & Italian Construction PMI, US International Trade, IBD/TIPP, Manheim Index, NY Fed Q3 Household Debt & Credit Report, UK King's Speech, Speeches from ECB’s de Guindos; Fed’s Schmid, Williams, Logan, Barr & Waller, supply from UK.Earnings: Capgemini, CNH Industrial, Daimler Truck, Persimmon, Watches of Switzerland, UBS, eBay, Occidental Petroleum Corp, Datadog.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses slip into the red while US futures remain afloat with fresh catalysts somewhat lightCrude bolstered after Friday's pressure alongside ongoing geopols and a handful of bullish catalystsDXY sub-105.00 with peers generally extending gains, though JPY & NZD are cappedBonds hand back some of Fridays post-data gains, yields modestly firmer across the curveLooking ahead, highlights include Canadian PMI, FOMC Senior Loan Officer Opinion Survey & BoC Market Participants Survey, Speech from BoE's Pill, Fed's Cook and Earnings from NXP Semiconductor.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded higher across the board following the post-NFP tailwinds from Wall Street on Friday; South Korea outperformed after a stock short-selling ban.DXY had a softer bias throughout the session, while G10s were largely flat; UST and Bund futures were subdued and JGB futures gapped higher.European equity futures are indicative of a flat open, with the Euro Stoxx 50 future -0.1% after cash markets closed +0.2% on Friday.Israeli PM Netanyahu said there will be no ceasefire until hostages are returned, according to Reuters.Looking ahead, highlights include German Industrial Orders, EZ & UK Final Services and Composite PMIs, EZ Sentix Index, Canadian PMI, FOMC Senior Loan Officer Opinion Survey & BoC Market Participants Survey, Speech from BoE's Pill.US clocks moved back an hour on Sunday to EST, as such the London-New York time gap is back to five hours. Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are marginally firmer ahead of Tier 1 events while US futures are slightly softer post-AAPLUSD depressed pre-data with NZD outperforming & JPY contained, CAD cautious ahead of its own jobs numbersBunds & Gilts towards the low-end of their parameters with USTs modestly bidCrude benchmarks are modestly firmer as we await remarks from Hezbollah's NasrallahLooking ahead, highlights include US NFP & ISM Services, Canadian Employment, Hezbollah remarks. Speeches from Fed's Barr & Kashkari, BoE's Haskel.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Apple was seen lower by 3.4% in after-hours trade amid declining product revenues and soft Chinese performance.APAC stocks traded higher as regional bourses tracked the advances in global peers, while disappointing Caixin Services PMI did little to derail the momentum.European equity futures are indicative of a higher open with the Euro Stoxx 50 +0.5% after cash market closed up by 1.9% yesterday.DXY is softer and just above the 106 mark, EUR/USD has extended gains further above 1.0600.Looking ahead, highlights include German Trade Balance, EZ Unemployment, US NFP & ISM Services, Canadian Employment, Speeches from Fed's Barr & Kashkari, Earnings from BMW, Intesa Sanpaolo, Maersk & QSR.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses & US futures are benefitting from a continuation of the post-Fed/Powell price actionDXY pressured to a 106.15 trough with fixed income bid and long-end yields under pressureUSD/JPY pressured on the latest BoJ sources while the NOK is ultimately softer after the Norges BankCommodities lifted given the above with specifics somewhat light thus farIran warned of “harsh consequences” if a ceasefire in Gaza does not occurLooking ahead, highlights include US IJC, Factory Orders, BoE Policy Announcement, Speeches from BoE’s Bailey, ECB’s Lane & Schnabel. Earnings from Apple.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

FOMC kept rates unchanged as expected and Chair Powell downplayed the September dot plots.APAC stocks mostly followed suit to the gains on Wall St which were spurred by soft data and Powell comments.European equity futures are indicative of a higher open with the Euro Stoxx 50 +0.7% after cash market closed up by 0.8% yesterday.DXY remains softer post-FOMC, EUR/USD pivots around the 1.06 mark, USD/JPY continues to pull back from 151.Looking ahead, highlights include US IJC, Factory Orders, BoE & Norges Bank Policy Announcements, Speeches from BoE’s Pill, ECB’s Lane & Schnabel, Supply from Spain & FranceEarnings from Fresenius, Hugo Boss, ING, Lufthansa, BT, Sainsbury’s, Shell, Apple.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US futures are a touch softer ahead of Tier 1 events while European bourses have recovered slightly from initial downside with overall action fairly containedUSD bid with the index eclipsing its end-October peak, JPY attempts to claw back post-BoJ downside while NZD slips after jobs numbersFixed benchmarks cautious but have managed to benefit modestly from the risk toneCrude lifted by Iran’s Khamenei reiterating his call for Muslim nations to stop exporting oil to IsraelThe Rafah border crossing has opened from Gaza into Egypt; for humanitarian purposes to allow the transit of foreign nationals and those with severe injuriesLooking ahead, highlights include US ADP, ISM Manufacturing, Construction Spending, JOLTS, BCB Policy Announcement, FOMC Policy Announcement & Chair Powell, US Treasury Quarterly Refunding Announcement, Speech from SNB’s Jordan. Earnings from Norwegian Cruise Line, Kraft Heinz, PayPal & Qualcomm.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded predominantly higher albeit with upside capped as the region digested disappointing Chinese Caixin Manufacturing PMIChinese Caixin Manufacturing PMI Final (Oct) 49.5 vs. Exp. 50.8 (Prev. 50.6)European equity futures are indicative of a slightly higher open with the Euro Stoxx 50 +0.4% after cash markets closed up by 0.8% yesterdayDXY is contained following yesterday's gains, JPY attempts to claw back lost ground but USD/JPY remains north of 151Looking ahead, highlights include US ADP, ISM Manufacturing, Construction Spending, JOLTS, BCB Policy Announcement, FOMC Policy Announcement & Chair Powell, US Treasury Quarterly Refunding Announcement, Speech from SNB’s Jordan, Supply from the UK & GermanyRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

BoJ maintained NIRP and the 10yr JGB yield target at 0% but widened the reference range to 100bps up or down from targetEuropean bourses & US futures in the green, with Europe unreactive to CPI & GDP dataAction which followed mixed APAC trade given numerous data release incl. disappointing Chinese PMIsUSD/JPY to 150.76 peak, DXY below 106.0 with EUR bid while Antipodeans divergeFixed benchmarks underpinned into month-end and largely unreactive to EZ dataLooking ahead, highlights include US Employment Costs & Consumer Confidence, Speech from ECB’s de Guindos & Nagel. Earnings from Pfizer, SYSCO, AMD & Yum China.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mixed amid a deluge of data releases at month-end including disappointing Chinese official PMIsBoJ maintained NIRP and the 10yr JGB yield target at 0% but widened the reference range to 100bps up or down from targetEuropean equity futures are indicative of a slightly softer open with the Euro Stoxx 50 -0.2% after cash markets closed higher by 0.4% yesterdayDXY is firmer and just below the 106.50 mark, JPY lags post-BoJ, EUR/USD has pulled back beneath 1.06Looking ahead, highlights include German GDP Flash, French Flash CPI, EZ Flash CPI & Flash-Prelim. GDP, US Employment Costs & Consumer Confidence, Speech from ECB’s de Guindos, Supply from Italy.Earnings from AB InBev, BASF, Stellantis, BP, Marathon, Caterpillar, Pfizer, SYSCO, AMD.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses and US futures in the green ahead of a packed week of Tier 1 eventsDXY slips with AUD outperforming post-data while EUR & JPY are conscious of OpExDebt fades from initial highs with Gilts and USTs now in the red but Bunds still just firmer post-dataCrude & XAU a touch softer as geopolitical risk premium unwinds slightly from FridayLooking ahead, highlights include German Prelim CPI, Japanese Unemployment & Retail Sales, Speech from ECB’s de Guindos, US Treasury Financing estimates Earnings from McDonald's & Lowes.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks ultimately traded mixed but with the major indices mostly in the red as geopolitics continued to dominate headlines ahead of month-end and this week’s slew of upcoming risk events.DXY was rangebound, EUR/USD traded steadily, 10-year UST futures were contained, and Bund futures remained firmer after last week’s spoils and recent ECB commentary regarding no more hikes.Crude futures reversed most of Friday's gain, while reports also noted Saudi could refrain from hiking prices to clients in Asia. Spot gold and copper traded sideways.US Secretary of State Blinken met with Chinese Foreign Minister Wang Yi and agreed to work towards a Biden-Xi meeting in November in San Francisco.Israeli PM Netanyahu said the ongoing ground operation in Gaza is the second stage of the war and said the war inside the Gaza Strip will be difficult and long.Looking ahead, highlights include Spanish Flash CPI, EZ Consumer Confidence (Final), German Prelim CPI, Japanese Unemployment & Retail Sales, Speech from ECB’s de Guindos, US Treasury Financing estimates Earnings from McDonald's & Lowes.Clock Change: UK Clocks switched to GMT from BST on 29th October, as such the London-New York time gap is four hours which will last for one week, until US clocks change on November 5th.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US futures are firmer as broader risk appetite is supported post-AMZN/INTCEuropean bourses experience divergence as the above tone is offset in places by marked losses in heavyweight Sanofi post-resultsDXY remains above the 106.50 mark with the JPY around 150.00 where marked OpEx resides, PPI supports AUDCore fixed income awaits US PCE but retain an underlying bidCrude benchmarks benefit from a flare-up in geopolitical tensions though XAU remains containedLooking ahead, highlights increase US PCE Price Index, Personal Income/Consumption. Earnings: Carlsberg;  Exxon, Chevron, Abbvie, Aon, Charter, Colgate, Phillips 66Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks eventually traded firmer across the board as the well-received earnings from Amazon and Intel pushed sentiment into the positive after the mostly lower close on Wall Street.US equity futures resumed trading on a firmer footing as Amazon shares rose by over 5% in the after-market as the Co. was bullish on AWS in its conference call, while Intel shares had soared 7.5% amid high demand for AI products.US President Biden ordered strikes against two facilities in Syria used by Iran’s IRGC and Iran-backed groups and will take additional measures if attacks by Iran's proxies continue, according to Reuters citing the Pentagon.European equity futures are indicative of a modestly firmer open with Euro Stoxx 50 future +0.3% after cash markets had closed -0.6% on Thursday.Looking ahead, highlights include US PCE Price Index, Personal Income/ConsumptionEarnings: Air France, Carlsberg, Eni, Equinor, Sanofi; NatWest; Exxon, Chevron, Abbvie, Aon, Charter, Colgate, Phillips 66Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Equities are in the red as a blockbuster docket of earnings dominates price actionWithin Europe, Autos & Banking names lag after results from Volvo Cars, Mercedes-Benz, Volkswagen, Standard Chartered, BNP Paribas & many moreStateside, Meta slips pre-market with desks citing a cautious/conservative outlookDXY in the green while JPY eclipses 150.50 before a brief but sharp pullback, core debt benchmarks near unchanged pre-ECBCrude contained while XAU benefits from geopolitical rhetoric from Israel and Iran regarding GazaLooking ahead, highlights include US GDP, PCE Prices Advance, IJC, ECB & CBRT Policy Announcements, ECB's Lagarde & BoE's Cunliffe, Supply from the US. Earnings: Valero, Comcast, UPS, Southwest, Mastercard, Merck & more.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded lower across the board, following the weak lead from Wall Street; Mainland China saw the shallowest losses among the majors.Meta shares fell 3.4% after-market during the earnings call despite rising almost 5% post-earnings; Alphabet closed with losses of near 10%.DXY found a firmer footing and traded in an APAC range north of 106.50; G10s were softer across the board while USD/JPY approached 150.50.European equity futures are indicative of a softer open, with the Euro Stoxx 50 future down 0.9% after cash markets closed up 0.2%.Looking ahead, highlights include US GDP, PCE Prices Advance, IJC, ECB & CBRT Policy Announcements, ECB's Lagarde & BoE's Cunliffe, and Supply from the US.Earnings: BNP Paribas, Danone, Evolution, Hellofresh, Mercedes Benz, STMicroelectronics, Saint Gobain, TotalEnergies, Volkswagen; Standard Chartered, Unilever, WPP; Valero, Comcast, UPS, Southwest, Mastercard, Merck & more.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses & US futures are in the red with the breakdown heavily influenced by a busy corporate docketMicrosoft +3.6% & Google -6.8% in the pre-market, ahead of heavyweights include Meta & BoeingDXY eclipses Monday’s best to the modest detriment of peers, AUD gives up post-CPI gains & JPY continues to test 150.0Core fixed benchmarks lose initial upward momentum despite strong auctions, modest pressure emanating from above-forecast German IfoA contained and limited session for the commodity space as the pace of geopolitical updates slows somewhatLooking ahead, highlights include US New Home Sales, BoC Policy Announcement, Fed's Powell, ECB's Lagarde, BoC's Macklem & Rogers, and Supply from the US. Earnings: Meta, Thermo Fisher, T-Mobile, IBM, ADP, Boeing.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mixed following a firmer lead from Wall Street as eyes turned to earnings from heavyweights Microsoft and Alphabet.Microsoft shares rose 3.9% and Alphabet tumbled 5.9% with cloud growth in focus. ES and NQ dipped slightly as Microsoft issued its guidance.ASX 200 slipped and AUD/USD was boosted by hotter-than-expected Australian CPI, which led to hawkish revisions to some analysts' RBA calls.Israeli occupation forces stormed a town in the West Bank, Israel said two projectiles were launched from Syria, Hezbollah said it struck an Israeli post with guided missiles.European equity futures are indicative of a slightly firmer open, with the Euro Stoxx 50 +0.1% after cash markets closed +0.6% yesterday.Looking ahead, highlights include German Ifo, US New Home Sales, BoC Policy Announcement, ECB's Lagarde, BoC's Macklem & Rogers, and Supply from the UK, Italy, Germany & US.Earnings: ADP, Heineken, Santander, Ubisoft, Reckitt Benckiser; Meta, Thermo Fisher, T-Mobile, IBM, ADP, Boeing.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses & US futures reside in the green despite initial PMI-pressure, focus turns to US mega-capsDXY in the green and aided by EUR downside to the modest detriment of peers though AUD outperforms post-BullockEGBs bolstered by the PMIs with yields pressured as such while USTs remain more contained pre-data/supplyTwo-way commodity action on data and subsequent geopolitical/macro updates, crude currently in the greenIsrael reportedly willing to delay its Gaza ground invasion by a few days for hostage talks, via AxiosLooking ahead, highlights include US Flash PMIs, NBH Policy Announcement, supply from the US. Microsoft, Alphabet, Visa, Coca-Cola, Texas Instruments, VerizonRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mixed following a similar lead from Wall Street with Mainland China leading the gains overnight.DXY eventually dipped under the 105.50 mark as Treasury yields held onto losses; EUR/USD rose above its 50 DMA while USD/JPY tested 149.50 to the downside.Bitcoin saw a volatile session as prices surged to levels near USD 35,000 before pulling back to around USD 33,000 and then stabilising around USD 34,500 - some cited ETF optimism.European equity futures are indicative of a slightly softer open for Europe, with the Euro Stoxx 50 future -0.1% after cash markets closed +0.4% yesterday.White House National Security Council spokesperson Kirby said the US does not believe this is a time for a ceasefire in the Israel-Hamas conflict; Israel confirmed two hostages were released by Hamas.Looking ahead, highlights include German GfK, UK Unemployment, EU/UK/US Flash PMIs, NBH Policy Announcement, supply from Netherlands, UK, Germany & US.Earnings from ASM International, Orange, Puma, Logitech, Novartis, Barclays, Microsoft, Alphabet, Visa, Coca-Cola, Texas Instruments, Verizon, General Electric.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Equities in the red as initial European upside dissipates amid the soured risk tone and further yield upsideUSD unable to benefit from the above for much of the morning, but has most recently inched into the green as the US 10yr yield surpasses 5.0%JPY shrugs off the latest sources piece around BoJ YCC and resides just shy of 150.00Core fixed income benchmarks all reside at session lows with BTPs the outlier and firmer after S&P actionCommodities under pressure on the above while metals have been unable to benefit from initial USD weaknessLooking ahead, highlights include EZ Consumer Confidence Flash and Australian Flash PMIs. Earnings from UniCredit.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded with losses across the board following the downside seen on Wall Street on Friday; Foxconn shares fell amid a Chinese probe.Oil futures, spot gold, and the Swiss Franc unwound some geopolitical risk premium overnight amid no major escalation in the Middle East over the weekend.An Israeli official said there will be 'no ceasefire' in Gaza, according to CNN. The US is pressing Israel to delay the Gaza invasion to win hostage releases.Israeli PM Netanyahu said if Hezbollah goes to war with Israel, it would bring unimaginable devastation upon it and Lebanon.European equity futures are uneventful with the Euro Stoxx 50 future +0.1% after cash markets closed -1.6% on Friday.BoJ officials are reportedly mulling tweaking the settings of YCC "because domestic long-term interest rates are also rising as US interest rates rise", according to Nikkei sources.Looking ahead, highlights include EZ Consumer Confidence Flash and Australian Flash PMIs. Earnings from Philips, UniCredit, SandvikRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are following the APAC handover and reside well into the red, US futures lower but nearer unch.USD struggling for direction in somewhat narrow parameters as USD/JPY probes 150.00 while GBP slips post-data/BoE speakCrude and precious metals firmer with geopolitics continuing to drive action while base metals dip post-APAC tradeBunds and USTs remain firmer with long-end yields pulling back a touchLooking ahead, the highlights are ratings which include Moody's on France & UK, S&P on UK, Italy, Greece & Netherlands, Fed's Harker & Mester, Earnings from Kering, Schlumberger & American Express.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks mostly declined following the losses on Wall St post-Powell and as geopolitical tensions remain high.Fed Chair Powell suggested that policy was not too tight but also noted that higher bond yields at the margin could reduce the need for the Fed to tighten.Israel's military received the 'green light' to move into Gaza, according to ABC News citing an Israeli official.European equity futures are indicative of a lower open with the Euro Stoxx 50 future -0.7% after the cash market closed down 0.4% yesterday.DXY heads into the European session broadly firmer vs. peers, USD/JPY continues to eye 150.Looking ahead, highlights include German Producer Prices, UK Retail Sales, Ratings Including Moody's on France & UK, S&P on UK, Italy, Greece & Netherlands, Fed's Harker & Mester, Earnings from Kering, Schlumberger & American Express.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses and US futures reside in the red with earnings dominating newsflow; NFLX +13.5%, TSLA -4.8%, SAP +4.8%.USD has been grinding higher alongside yields to the detriment of peers with the slim exception of EUR & JPYCrude benchmarks reside in the red after Wednesday’s gains with metals mixed and spot gold near unchangedReports of renewed heavy shelling by Israel in Gaza while reports indicate Israel won backing from Biden to push ahead with a ground invasionLooking ahead, highlights include US IJC, Philadelphia Fed, Existing Home Sales & Leading Index, Fed's Powell, Jefferson, Goolsbee, Barr, Bostic, Harker & Logan. Earnings from Philip Morris, AT&T.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were lower across the board amid spillover selling from global peers.After-hours earnings in the US saw Netflix surge 12.8%, whilst Tesla fell 4.2%.European equity futures are indicative of a lower open with the Euro Stoxx 50 future -0.6% after the cash market closed down 1.1% yesterday.FX markets are steady with DXY caged in a tight range above 106.50, AUD suffers post-jobs data and USD/JPY continues to eye 150.Looking ahead, highlights include US IJC, Philadelphia Fed, Existing Home Sales & Leading Index, Fed's Powell, Jefferson, Goolsbee, Barr, Bostic, Harker & Logan, Supply from France & Spain.Earnings from Roche, Nestle, Pernod Ricard, Renault, L'Oréal, Philip Morris, AT&T.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses/US futures experience pressure as geopolitical tensions overshadow stronger than expected Chinese activity dataDXY comfortably above 106.00 but just off best, Yuan unable to benefit from mentioned data while GBP benefits from UK CPIDebt benchmarks pressured post-data though have climbed off lows with Bunds probing positive territory post-supplyCommodities derive support from China and geopols., crude benchmarks hit highs as the Iranian Foreign Ministry calls for an oil embargo on IsraelLooking ahead, highlights include US Building Permits/Housing Starts, Speeches from Fed's Williams, Waller, Bowman, Harker & Cook, Supply from the US, Earnings from SAP, Netflix, Tesla, Morgan Stanley & Abbott.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mixed following a similar performance on Wall St while the region also digested the latest Chinese GDP and activity data which topped forecasts.The latest geopolitical headlines included news of a strike on a hospital in Gaza which saw both sides point the blame at each other.European equity futures are indicative of a slightly softer open with the Euro Stoxx 50 future -0.2% after the cash market closed up 0.1% yesterday.DXY is steady on the 106 level, EUR/USD remains sub-1.0600, Cable sits below 1.22 ahead of inflation metrics.Looking ahead, highlights include UK CPI, EZ HICP (Final), US Building Permits/Housing Starts, ECB's Lagarde & Elderson, Fed's Williams, Waller, Bowman, Harker & Cook, Supply from Germany & USEarnings from ASML, Segro, Barratt Developments, Whitbread, Deutsche Boerse, Netflix, Tesla, Morgan Stanley & Abbott.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses & US futures are mixed to modestly pressured as a better-than-expected ZEW is overshadowed by geopoliticsEUR off lows given the data and support via expiries at 1.05, action which has pulled the DXY away from its 106.49 peak, JPY action on BoJ sources re. inflation outlookGeopolitical updates incl. confirmation that Biden will travel to Israel on Wednesday, since then there has been bouts of punchy rhetoric from Iran’s KhameneiZEW was better than expected, bringing Bunds back below the 129.00 mark which was breached pre-release with USTs directionally in-fittingCrude benchmarks are near the unchanged mark with action choppy & rangebound, base metals pressured by the overall toneLooking ahead, highlights include US Retail Sales, Industrial Production, Capacity Utilisation & Business Inventories, Speeches from Fed's Williams, Bowman, Barkin, Kashkari & ECB's de Guindos, Fed Discount Rate Minutes. Earnings from JNJ, Prologis, Goldman Sachs, Bank of America & Lockheed Martin.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mostly positive following the gains across global counterparts, although the upside was capped amid threats from Iran.Iran's Foreign Minister said pre-emptive actions by the resistance front could be expected in the coming hours (comments made last night).US President Biden will travel to Israel on Wednesday and will reaffirm US solidarity with Israel.European equity futures are indicative of a contained open with the Euro Stoxx 50 future -0.1% after the cash market closed up 0.3% yesterday.DXY is contained on a 106 handle, EUR/USD and USD/JPY oscillate around 1.0550 and 149.50 respectively, AUD leads, NZD lags.Looking ahead, highlights include UK Wages, German ZEW, US Retail Sales, Industrial Production, Business Inventories, Fed's Williams, Bowman, Barkin, Kashkari & ECB's de Guindos, Fed Discount Rate Minutes, Supply from UK & Germany.Earnings from Ericsson, JNJ, Prologis, Goldman Sachs, Bank of America & Lockheed Martin.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are under modest pressure as geopolitical developments keep tensions elevated and the tone tentativeIsraeli military spokesperson said their goal is to completely destroy the governing and military capabilities of Hamas.Iranian Foreign Minister said ‘If the Zionist aggressions do not stop, the hands of all parties in the region are on the trigger’DXY towards the lower-end of bounds with CHF lagging after recent haven demand while JPY notes Kanda’s remarksFixed benchmarks continue to ease as upward momentum fades, numerous central bank officials provide commentaryWTI, Brent and XAU are subdued/flat intraday after Friday’s marked advancesLooking ahead, highlights include NY Fed Manufacturing, NZ CPI, Speeches from Fed’s Harker & ECB’s Lagarde, Earnings from Charles Schwab Corp.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mostly lower amid ongoing geopolitical concerns with the Israel-Hamas conflict threatening to spill over to neighbours in the region.Israeli military spokesperson said their goal is to completely destroy the governing and military capabilities of Hamas.Iranian Foreign Minister said ‘If the Zionist aggressions do not stop, the hands of all parties in the region are on the trigger’European equity futures are indicative of a flat open with the Euro Stoxx 50 future +0.1% after the cash market closed down 1.5% on Friday.DXY is contained and lingering above the 106.50 mark, EUR/USD is supported at 1.05, NZD outperforms post-election.Looking ahead, highlights include NY Fed Manufacturing, NZ CPI, Fed’s Harker & ECB’s Lagarde, Earnings from Charles Schwab Corp.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses and US equity futures have been tilting lower since the cash open despite a lack of major headlines, with traders cognizant of geopolitical risks heading into the weekend.Dollar loses some inflation momentum as DXY slips from a double top into a softer 106.510-280 range; T-note is nudging new peaks amidst a return to bull-flattening regardless of a poor long bond auction to continue the run of weak sales this week.Crude futures are on the grind higher on Friday despite a lack of fresh fundamentals, with traders likely wary to bet against crude heading into the weekend as geopolitical risk remains at the forefront for the complexUS eyes closing a loophole that gives Chinese companies access to American AI chips via units located overseas, according to Reuters sources.Israel's ground military is building up on the Gaza Strip border; Iran's Foreign Minister said the continuation of war crimes will receive a response from the rest of the axes.Looking ahead highlights include US Trade Balance & University of Michigan Inflation Prelim, Speeches from Fed’s Harker & ECB’s Lagarde, Earnings from JPMorgan, Wells Fargo, Citi, PNC Financial Services & Progressive Corp.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mostly lower amid headwinds from the US, while the region also digested softer-than-expected inflation and mixed trade data from China.European equity futures are indicative of a lower open with the Euro Stoxx 50 future -0.3% after the cash market closed down 0.1% yesterday.DXY remains on a 106 handle, EUR/USD lingers around 1.0550, GBP reclaimed 1.22 vs. the USD.US eyes closing loophole that gives Chinese companies access to American AI chips via units located overseas, according to Reuters sources.Looking ahead, highlights include EZ Industrial Production, US Trade Balance & University of Michigan Inflation Prelim, Fed’s Harker & ECB’s Lagarde, Earnings from UnitedHealth, JPMorgan, BlackRock, Wells Fargo, Citi, PNC Financial Services & Progressive Corp.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are trading with modest gains in the wake of the late gains on Wall Street yesterday and the upbeat APAC session overnight.Dollar is depressed ahead of US CPI data after brief bounces post-PPI and FOMC minutes. Euro retains 1.0600+ status vs Buck. Yen is still drawn to 149.00 against Greenback.Debt futures fade after another strong rally to fresh cycle peaks for Bunds and Gilts.Chinese GDP growth might slow in Q3 to above 4.0% Y/Y from 6.3% growth in Q2 but is expected to improve after Q3, according to Securities Daily.Looking ahead, highlights include US Core CPI, Earnings, IJC & Cleveland Fed CPI, ECB & Banxico Minutes, Speeches from ECB’s Panetta, Fed’s Bostic, Logan & Collins, Supply from US, Earnings from Walgreens Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

FOMC Minutes stated that officials generally judged risks to achieving the FOMC's goals had become more two-sided.APAC stocks were firmer after the region took impetus from the intraday rebound on Wall St.European equity futures are indicative of a higher open with the Euro Stoxx 50 future +0.4% after the cash market closed down 0.1% yesterday.DXY remains on a 105 handle, GBP/USD and USD/JPY are back on 1.23 and 149 handles respectively.Crude futures remained subdued after having faded the entire geopolitical risk premium from the weekend.Looking ahead, highlights include UK GDP Estimate, Services, Industrial Output, Trade Balance, US Core CPI, Earnings, IJC & Cleveland Fed CPI, ECB & Banxico Minutes, ECB’s Elderson & Panetta, Fed’s Bostic, Logan & Collins, Supply from US & Italy.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses have held onto the mixed theme seen at the cash open with underperformance seen in the CAC 40 and Euro Stoxx 50 on the back of disappointing earnings from heavyweight LVMH.Bonds are back in vogue as duration and safe haven demand propel prices higher amidst long-end outperformance; UK supply was snapped up and German issuance meets mixed reception.Spot gold and silver are marching higher, potentially amid haven flows as the Israeli war rages on with Lebanon and Syria also said to be involved.Fed's Bowman said the US policy rate may need to rise further, according to Reuters; Fed's Daly said they have more work to do and inflation is still high but noted that if bond yields are tight.Looking ahead, highlights include US MBA & PPI, FOMC Minutes, Fed’s Waller, Collins & Bostic, and supply from the US. Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were higher after the positive momentum rolled over from global peers owing to dovish Fed rhetoric and China stimulus hopes.Hezbollah said it targeted an Israeli tank with missiles and that Israel struck a number of observation posts.European equity futures are indicative of a weaker open with the Euro Stoxx 50 future -0.6% after the cash market closed up 2.3% yesterday.DXY languishes beneath 106, EUR/USD hovers around 1.06, whilst USD/JPY and Cable sit below 149 and 1.23 respectively.Looking ahead, highlights include German CPI (Final), US MBA & PPI, ECB Consumer Expectations Survey, FOMC Minutes, Fed’s Bowman, Waller, Collins & Bostic, Supply from UK, Germany & US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses trade on the front-foot in a catch-up play to the afternoon gains on Wall Street; US futures are trading slightly firmer, continuing to extend on gains seen in yesterday’s session.Dollar pulls back under 106.00 as risk appetite picks up, JPY underperforms with USD/JPY hovering around 149.00; Bonds futures settle down after Monday's Middle East safety flight.China reportedly weighs new stimulus and higher deficit to meet growth target, according to Bloomberg sources. IMF World Economic Outlook cut 2023 and 2024 GDP growth forecasts for China and EZ whilst maintaining the US forecasts. Looking ahead, highlights include Wholesale Inventory & Sales, NY Fed Survey of Consumer Expectations, ECB's Lagarde, Fed’s Bostic, Waller, Kashkari & Daly, Supply from the US. Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mostly positive as key markets reopened from the long weekend and following the recovery seen on Wall Street.Stocks in the US recovered following dovish-leaning Fed rhetoric which acknowledged the impact of higher Treasury yields on financial conditions.Israeli PM Netanyahu said air strikes against Hamas in Gaza are just the beginning, while he added that Hamas sought war and Hamas will get war.European equity futures are indicative of a higher open with the Euro Stoxx 50 future +1.0% after the cash market closed down 0.8% yesterday.DXY is back above the 106 mark, JPY marginally lags, EUR/USD trades just above the 1.0550 level.Looking ahead, highlights include US NFIB Business Optimism, Wholesale Inventory & Sales, NY Fed Survey of Consumer Expectations, Chinese Aggregate Financing & M2 Money Supply, ECB's Lagarde, Fed’s Bostic, Waller, Kashkari & Daly, Supply from UK, Germany & US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses have mostly kicked the week off on the backfoot as geopolitical concerns grip the market narrative following a surprise multi-front attack by Hamas on Israel.Crude futures overnight saw intraday gains of more than 5% after Hamas' attack on Israel which Iranian officials reportedly helped to plan.DXY grinds higher along with other safe havens after the onset of war between Israel and Hamas; ILS sees heavy losses despite intervention by the Bank of Israel.Shanghai Comp. was pressured as participants returned from the Mid-Autumn Festival and National Day Golden Week holidays; Chinese President Xi met with US Senate Majority Leader Schumer and US senators in Beijing on Monday.Looking ahead, highlights include US Employment Trends, Fed’s Logan, Barr, Jefferson, ECB’s Knot.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

A surprise multi-front attack by Hamas on Israel resulted in at least 700 Israeli deaths and prompted Israel to declare war on Hamas.Crude futures have seen intraday gains of more than 5% after Hamas' attack on Israel which Iranian officials reportedly helped to plan.European equity futures are indicative of a lower open with the Euro Stoxx 50 future -0.3% after the cash market closed up 1.1% on Friday.DXY is marginally firmer, EUR/USD hovers around 1.0550, USD/JPY trades on a 149 handle, antipodeans narrowly lag.APAC stocks were mostly lower in holiday-quietened conditions and US equity futures were pressured amid geopolitical concernsLooking ahead, highlights include German Industrial Output, EZ Sentix Index & US Employment Trends, Fed’s Logan, Barr, Jefferson, ECB’s De Guindos & Knot.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses trade on the front foot as indices attempt to recoup lost ground, US futures are trading marginally firmer, with overall sentiment tentative ahead of the big NFP report.DXY is caged to a tight 106.34-55 with FX markets generally steady, Pound perked up enough in early trade to probe 1.2200 and EUR/USD secured a firmer grasp of the 1.0500 handle.Crude futures are choppy with two-way price action seen this morning as the complex consolidates after essentially wiping out its September gains at the start of this month. Offshore Alliance members at Chevron (CVX) vote to recommence protected industrial action; EU and US are said to be seeking an interim steel deal to avoid the return of Trump tariffs.Looking ahead, highlights include US NFP & Canadian Employment, Fed's Waller, ECB's Kazimir, Vujcic, Vasle, Knot. Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mostly higher albeit with some of the upside capped following the inconclusive performance on Wall St.RBI kept the Repurchase Rate unchanged at 6.50%, as expected.European equity futures are indicative of a higher open with the Euro Stoxx 50 future +0.3% after the cash market closed flat yesterday.DXY is steady just below 106.50, EUR/USD hit resistance at 1.0550, USD/JPY remains sub-149.ECB's Villeroy said the increase in bond yields may be excessive but it is helping to tighten financing conditions.Looking ahead, highlights include German Industrial Orders, French Trade Balance, Italian Retail Sales, US NFP & Canadian Employment, Fed's Waller.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are choppy but ultimately trade flat at the time of writing in what has thus far been a session void of incremental macro news.DXY index remains relatively contained between 106.500-840 confines; Antipodeans narrowly outperform; Pound was flagging even before a more contractionary than feared UK construction PMI.Having bounced further Wednesday’s lows, bonds are showing traits of fatigue and a reversion to the bear trend that was in place before their midweek reprieve.Crude futures remain on the backfoot following yesterday’s mammoth decline which saw both contracts settle lower by over USD 5/bbl apiece.Looking ahead, highlights include US IJCs & Challenger Layoffs, Fed’s Mester, Barkin, Daly, Barr, ECB's Nagel, de Guindos, and Villeroy.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are now mostly but modestly firmer after trimming the losses seen at the cash open; US futures scaled back earlier losses to hover around neutral levels.DXY gravitates as Treasury yields slip, risk sentiment improves and various institutions step up intervention - with the index retreating from 107.240.Debt complex feels reprieve following a deeper downturn in futures and an extension in yields.Crude is softer intraday and fails to benefit from the improvement in risk tone as the OPEC+ JMMC is expected to recommend no change to current policy while Russia and Saudi are to maintain voluntary curbs at current levelsLooking ahead highlights include US MBA, ADP, ISM, Durable Goods, NBP Policy Announcement, OPEC+ JMMC, Speeches, ECB’s de Guindos & Panetta, Fed’s Schmid, Bowman & Goolsbee. Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks declined following the losses on Wall Street where stocks and bonds resumed their slide.European equity futures are indicative of a lower open with Euro Stoxx 50 future -0.2% after the cash market closed down 1.0% yesterday.DXY lingers above the 107 mark, USD/JPY sits on a 149 handle after yesterday's suspected intervention.Japanese Finance Minister Suzuki responded 'no comment' when asked if Japan intervened.RBNZ kept rates unchanged at 5.50% and refrained from any hawkish surprises.Looking ahead, highlights include EZ, UK, US Services and Composite PMIs, EZ Producer Prices, Retail Sales, US MBA, ADP, ISM, Durable Goods, NBP Policy Announcement, OPEC+ JMMC, ECB’s Lagarde, de Guindos & Panetta, Fed’s Schmid, Bowman & Goolsbee, Supply UK & Germany.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are a touch softer with yields in focus, US futures slightly firmer ahead of data & Fed speakDXY ran into resistance and has faded from a 107.21 best, but does remain incrementally firmer; Antipodeans lag post on-hold RBAEGBs pressured with BTPs seemingly leading and pulling Gilts and USTs lower in sympathyCrude benchmarks and precious metals little changed overall with the USD dictatingLooking ahead, highlights include US IBD/TIPP & JOLTS, Australian PMI (Final), Fed’s Bostic. Earnings from McCormick & CompanyRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks declined amid the rising global yield environment and the continued absence of some key markets.The RBA unsurprisingly kept rates steady in Governor Bullock's inaugural meeting and with the statement largely a carbon copy from the Lowe era.European equity futures are indicative of a lower open with Euro Stoxx 50 future -0.7% after the cash market closed down 0.9% yesterday.DXY is firmer above 107, EUR/USD is subdued beneath 1.05, USD/JPY continues to eye 150, AUD lags.Looking ahead, highlights include US IBD/TIPP & JOLTS, Australian PMI (Final), Fed’s Bostic, ECB’s Lane & Valimaki, Supply from UK.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses & US futures have given up initial gains but action remains tentative pre-data/Powell and after mixed Chinese PMIsUS House/Senate passed a short-term spending bill, Biden signed a 45-day stop-gap measure into lawDXY is bid on dips and towards the top-end of 106.04-49 parameters with JPY lagging; antipodeans cautious ahead of policy announcementsCore debt benchmarks back under pressure ahead of afternoon eventsWTI & Brent maintain modest gains while metals are hampered by the risk tone and USDLooking ahead, highlights include US PMI (Final), US ISM Manufacturing. Speeches from Fed’s Powell & Williams.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US House and Senate passed a short-term spending bill to keep the government funded until November 14th.APAC stocks traded mixed in severely holiday-quietened conditions amid the mass closures in the region.European equity futures are indicative of a contained open with Euro Stoxx 50 future flat after the cash market closed up 0.3% on Friday.DXY is flat and in tight parameters, AUD lags, JPY also softer after USD/JPY printed an 11-month high.Looking ahead, highlights include UK Nationwide House Prices, Spanish, Italian, German, French, EZ, UK & US PMIs, US ISM Manufacturing, Riksbank Minutes, Fed’s Powell & Williams, supply from Italy.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are trading higher across the board with the Stoxx 600; US equity futures are also firmer in a continuation of yesterday's gains.DXY succumbs to more intense selling pressure amid softer US Treasury yields and renewed risk appetite; Antipodeans outperform.EGBs rebound following softer-than-expected German Retail Sales, French and pan-EZ inflation metrics.Crude prices have been relatively flat throughout the European morning, but the contracts have been tilting higher in lockstep with broader risk sentiment on month and quarter-end.Looking ahead, highlights include US PCE, Chicago PMI, UoM Sentiment, Speeches from Fed’s Barkin, Williams.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks mostly took impetus from Wall St’s positive lead as yields and oil prices declined from recent peaks.US Senate bill to avert a government shutdown garnered enough votes to advance, as expected.European equity futures are indicative of a contained open with Euro Stoxx 50 future flat after the cash market closed up 0.7% yesterday.DXY tested 106 to the downside, major peers trade on the front foot vs. the greenback, antipodeans outperform.Looking ahead, highlights include German Retail Sales & Unemployment Rate, UK GDP, French, Italian & EZ CPI, US PCE, Chicago PMI, UoM Sentiment, Speeches from Fed’s Barkin, Williams & ECB’s Lagarde, Earnings from Carnival Corp.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses trade softer following a predominantly negative close yesterday as a lack of positive catalysts keeps sentiment suppressed.DXY settled down under 106.50 after extending gains on Wednesday when various bullish impulses combined to boost the Buck.Bunds and Gilts have been in freefall alongside Eurozone periphery debt, the T-note managed to tread water for the most part.US Senate is to vote today at 16:30BST/11:30EDT on a motion to proceed with the "shell" bill to avoid a shutdown, according to Fox News' Chad Pergram.Looking ahead, highlights include German CPI, US GDP (Final), US IJC, Banxico Policy Announcement, Fed’s Powell, Goolsbee, Cook & Barkin, Supply US, Earnings from Nike, Carmax & Accenture.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mixed following the indecisive performance in the US amid further upside in global yields and higher oil prices.European equity futures are indicative of a contained open with Euro Stoxx 50 future flat after the cash market closed up 0.1% yesterday.US Senate is to vote today at 16:30BST/11:30EDT on a motion to proceed the "shell" bill to avoid a shutdown, according to Fox.DXY holds gains above the 106 mark, EUR/USD lingers around 1.05, JPY is firmer but USD/JPY remains on a 149 handle.Looking ahead, highlights include German & Spanish CPI, EU Sentiment, US GDP (Final), US IJC, ECB's Economic Bulletin, Banxico Policy Announcement, Fed’s Powell, Goolsbee, Cook & Barkin, Supply from Italy & US, Earnings from Nike.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are firmer in early trade, albeit it is hard to see today’s bounce as much more than a reprieve from recent losses with not a great deal changing since yesterday’s close.DXY consolidates gains on the 106.00 handle within a 106.16-32 range as month/quarter-end rebalancing demand offsets negative factors.Price action in bonds is decidedly more encouraging or less destructive than it has been for a while and decent blocked curve flatteners underpinned Treasuries overnight. Crude futures are firmer intraday and not far off session highs after resisting yesterday’s risk aversion; metals are softer amid a stronger Dollar.Highlights include US Durable Goods, CNB Policy Announcement, Supply from the US, and Earnings from Micron.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mixed as a rebound in Chinese Industrial Profits partially offset the subdued handover from Wall St.European equity futures are indicative of a contained open with Euro Stoxx 50 future flat after the cash market closed down 0.9% yesterday.US Senate voted to clear a procedural hurdle of the Senate bipartisan bill to avoid a shutdown; McCarthy says stopgap funding bill will be brought to the House floor on Friday.DXY is steady on a 106 handle, EUR/USD remains sub-1.06, USD/JPY lingers around 149, antipodeans lag.Looking ahead, highlights include German Gfk Consumer Sentiment, CNB Policy Announcement, Supply from the UK, Germany & US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are on the backfoot but off the worst levels seen at the cash open despite a lack of fresh fundamental headlines, with the UK's FTSE outperforming on a weaker GBP.US futures are pressured amid a generally negative risk tone across the market and a lack of any fresh catalysts.DXY has trimmed earlier upside after initially gaining more ground against the majority of its currency rivals amidst the ongoing rout in debt, and in the run-up to month end.Bonds regained some composure with some aid from Germany’s Q4 issuance remit, which saw the expected reduction confirmed.Looking ahead, highlights include US Building Permits & New Home Sales, NBH Policy Announcement & Fed's Bowman, Supply from US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mostly lower with headwinds from the rising global yield environment.US Senate Republican and Democrat negotiators are nearing a deal on a short-term spending measure, according to Blomberg.European equity futures are indicative of a softer open with Euro Stoxx 50 future -0.2% after the cash market closed down 1.0% yesterday.DXY lingers around the 106 mark, EUR/USD sits on a 1.05 handle, USD/JPY has taken a breather after stopping just short of 149.10yr UST futures remained subdued as the 10yr yield reached its highest level since October 2007.Looking ahead, highlights include US Building Permits & New Home Sales, NBH Policy Announcement, ECB’s Lane & Fed's Bowman, Supply from Italy, Germany, UK & US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses extended on losses since the cash open, despite no obvious catalyst to drive price action, and with no initial move seen in response to the German Ifo metrics - a release which on balance was better-than-expected. US equity futures reversed their earlier gains and saw an acceleration in losses at one point despite a lack of fresh drivers at the time. The futures have since stabilised around flat levels intraday. DXY retains an underlying bid and also benefits from a retreat in the Yuan on the back of Evergrande woes plus ongoing weakness in the Yen and Franc on policy divergence dynamics. House Republicans are said to consider a stopgap measure that would range from 14 to 60 days; US lawmakers warned that a government shutdown was increasingly certain as hopes of a last-ditch compromise dwindle, according to FT.Looking ahead, highlights include US National Activity Index (Aug), ECB's Schnabel, Lagarde & Fed's GoolsbeeRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded with a mostly negative bias; Evergrande cancelled its creditor meeting and is scrapping its USD 35bln debt restructuring plan.European equity futures are indicative of a softer open with Euro Stoxx 50 futures -0.2% after the cash market closed down 0.1% on Friday.DXY is contained above 105.50, EUR/USD lingers below 1.0650, USD/JPY maintained 148 status, and antipodeans narrowly lagged.House Republicans are said to consider a stopgap measure that would range from 14 to 60 days.Looking ahead, highlights include German Ifo (Sep) & US National Activity Index (Aug).Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are mostly lower but have trimmed the losses seen at the cash open. The main macro story for the region thus far has been the flash PMI prints for September.French PMI missed, German PMI modestly beat, EZ PMI was mixed, UK PMI only saw manufacturing beat; the main theme of the PMIs was growth concerns.DXY is on a firmer footing following the uneventful BoJ decision overnight coupled with weakness from the EUR post-PMI; JPY underperforms BoJ kept monetary policy settings unchanged and made no change to forward guidance with the central bank to patiently continue monetary easing.Australian unions agreed to endorse recommendations made by the industrial umpire to end the dispute with Chevron; strike actions have been called off. Looking ahead highlights include US PMIs (Flash), Canadian Retail Sales, ECB’s de Guindos, Fed’s Daly, Cook & Kashkari. Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mixed amid a higher yield environment and after this week’s central bank frenzy culminated with a lack of surprises from the BoJ.BoJ kept monetary policy settings unchanged and made no change to forward guidance with the central bank to patiently continue monetary easing.European equity futures are indicative of a softer open with the Euro Stoxx 50 future -0.3% after the cash market closed down 1.5% yesterday.DXY remains firm on a 105 handle, JPY lags post-BoJ with USD/JPY around the 148 mark, Cable is sub-1.23.Australian unions agreed to endorse recommendations made by the industrial umpire to end the dispute with Chevron.Looking ahead, highlights include French, German, EU, UK & US PMIs (Flash), Canadian Retail Sales, UK CBI Trends, BoJ Governor Ueda, ECB’s de Guindos, Riksbank’s Thedeen, Fed’s Daly, Cook & Kashkari.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are pressured as the region reacts to the FOMC, US futures are lower but action is slightly more containedDXY is off 105.68 best but remains supported, GBP pressured and sub-1.23 ahead of the BoE with pricing still near 50/50CHF collapses as SNB leaves rates unchanged, SEK pressured on the initial Riksbank announcement before appreciating on FX hedging & NOK benefits from Norges Bank guidance for another hikeBrief move higher on the SNB for EGBs/USTs has dissipated with hawkish FOMC undertones persisting pre-BoECommodities pressured in-fitting with the broader risk tone and USD action, TTF hindered further on an Offshore Alliance Woodside updateLooking ahead, highlights include US IJC, Existing Home Sales & EZ Consumer Confidence (Flash), BoE, CBRT & SARB Policy Announcements, ECB’s Lagarde & Schnabel. Supply from the US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

The Fed kept rates unchanged and provided more hawkish dot plots; signalled a further rate hike this year and fewer cuts next year.APAC stocks were pressured in the aftermath of the FOMC’s hawkish pause; US futures are also softer (ES -0.3%) European equity futures are indicative of a lower open with Euro Stoxx 50 future -1.0% after the cash market closed up 0.8% yesterday.DXY has held onto its post-FOMC gains, USD/JPY has advanced as high as 148.45, antipodeans lag peers.Brazil Central Bank cut the Selic rate by 50bps to 12.75%, as expected; anticipates further reductions of the same magnitude in the next meetings.Looking ahead, highlights include US IJC, Existing Home Sales & EZ Consumer Confidence (Flash), BoE, SNB, Riksbank, Norges Bank, CBRT & SARB Policy Announcements, ECB’s Lagarde, Schnabel & Riksbank’s Thedeen, Supply from Spain, France & US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

FTSE 100 outperforms after sub-forecast UK inflation data, Real Estate and Banking leadingStateside, futures are essentially flat pre-FOMCGBP undermined as market pricing pivots to 50/50 for pause/hike by the BoE, DXY at 105.00, USD/JPY over 148.00EGBs & USTs rise on significant Gilt upside, US yields lower with the short-end leadingCrude benchmarks pressured after seven sessions of upside, XAU flat while Palladium outperformsLooking ahead, highlights include US MBAs, FOMC & Fed Chair Powell's Press Conference, BCB Policy Announcement, BoC Minutes, ECB’s Elderson.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mostly lower with risk appetite dampened ahead of the incoming deluge of central bank policy announcements.European equity futures are indicative of a contained open with Euro Stoxx 50 future flat after the cash market closed down 0.1% yesterday.DXY was steady above the 105 mark, EUR/USD and Cable sit below 1.07 and 1.24 respectively with the latter eyeing upcoming CPI data.Crude futures continued their pullback from a YTD peak with WTI back below USD 94/bbl amid profit-taking and cautiousness ahead of upcoming risk events.Looking ahead, highlights include UK CPI & US MBA, FOMC & Fed Chair Powell's Press Conference, BCB Policy Announcement, BoC Minutes, ECB’s Panetta, Schnabel & Elderson.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses & US futures are in the green but only modestly so as markets continue to count down to multiple Central Bank announcementsUSD remains pressured pre-FOMC but the index retains 105.00 with peers generally contained/modestly firmerEGBs and Gilts continue to regain some poise while USTs are contained and meandering either side of parityCrude benchmarks retain a positive bias but have slipped from best following the latest OECD forecastsUAW is to announce new strikes on Friday if progress is not made, potential for Canadian strikes at Ford facilities as wellLooking ahead, highlights include Canadian CPI, ECB’s Elderson and supply from the USRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mostly lower following the flat performance stateside ahead of a flurry of central bank meetings.European equity futures are indicative of a contained open with Euro Stoxx 50 future flat after the cash market closed down 1.4% yesterday.FX markets are steady with the DXY maintaining 105 status, EUR/USD rangebound and USD/JPY bouncing off support at 147.50.Crude futures continued to gain with Brent crude futures above the USD 95.00/bbl level for the first time since November.Looking ahead, highlights include EZ CPI (Final) & Canadian CPI, ECB’s Elderson, Supply from UK & US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are in the red with US futures contained in light newsflow ahead of a key Central Bank weekDXY above 105.00, but in the red, Antipodeans outperform with other G10s relatively contained vs USDDebt futures depressed heading into a packed week, yields bid across the curve with the belly leadingCrude benchmarks remain firmer as known demand- & supply-side factors continue to assistUS’ Sullivan and China’s Wang Yi met with talks described as candid, substantive and constructiveLooking ahead, highlights include US NAHB Housing Market Index. Remarks from Saudi Arabia’s Energy Minister, ECB's PanettaRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mostly lower following last Friday’s declines on Wall St and with the region cautious in holiday-thinned trade.Evergrande shares slumped by more than 20% after some of its wealth management employees were detained by Chinese authorities.European equity futures are indicative of a softer open with Euro Stoxx 50 future -0.1% after the cash market closed up 0.4% on Friday.DXY and EUR/USD were contained on 105 and 1.06 handles respectively, antipodeans marginally outperform.US National Security Adviser Sullivan and Chinese Foreign Minister Wang Yi met in Malta over the weekend in a pre-unannounced meetingLooking ahead, highlights include US NAHB Housing Market Index, Bundesbank Monthly Report, remarks from Saudi Arabia’s Energy Minister, ECB de Guindos & Panetta.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are in the green as sentiment improves after constructive Chinese dataThough, US futures are more contained with specifics light into Quad WitchingDXY idles above 105.00, JPY pressured as yields lift despite sources while Yuan rebounds on mentioned dataFixed benchmarks under pressure in a marked reversal of post-ECB highs with multiple factors weighingCrude benchmarks firmer intraday, though shy of best, metals more mixedLooking ahead, highlights include US UoM Sentiment, NY Fed Manufacturing, Import & Export Prices, BoE/IPSOS Inflation Attitude Survey. CBR’s Nabiullina, Quad Witching.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US stocks rallied with risk sentiment spurred by several factors including strong US data, a dovish ECB hike, the PBoC RRR cut, and a blockbuster Arm IPO.APAC stocks gained after global risk was fuelled by the upside in Europe and the US; Hang Seng and Shanghai Comp were both initially underpinned by the encouraging Chinese activity data.DXY marginally softened but held on to most of the prior day’s gains above the 105.00 level while EUR/USD languished around a 6-month low.China’s NBS said the economy saw accelerated demand, but domestic demand remains insufficient, while the PBoC maintained its MLF rate.Several of the ECB's more hawkish rate-setters believe that rates could rise again in December, in the scenario of hot wages and inflation, via FT citing sources.Looking ahead, highlights include French & Italian CPI (Final), EZ Labour Costs, Italian Trade Balance, US UoM Sentiment, NY Fed Manufacturing, Import & Export Prices, BoE/IPSOS Inflation Attitude Survey, ECB TLTRO Repayment Publication, Speeches from ECB’s Lagarde & CBR’s Nabiullina and Quad Witching.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are generally contained pre-ECB, though the FTSE 100 sees marked outperformanceStateside, futures fare slightly better than mainland European peers ahead of numerous US data pointsDXY back to a 104.80 peak, AUD underpinned post-jobs with EUR & GBP rangeboundDebt futures experience modest divergence going into the ECB where a hike is priced with around 65% probabilityCrude benchmarks continue to benefit from the energy reports while metals are mixedLooking ahead, highlights include US IJC, PPI, NZ Manufacturing PMI, ECB Policy Announcement & ECB President Lagarde's Press Conference, Supply from US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were predominantly firmer and mostly shrugged off the indecision seen on Wall St.European equity futures are indicative of a higher open with Euro Stoxx 50 future +0.2% after the cash market closed down 0.4% yesterday.DXY is a touch softer but holding above 104.50, EUR/USD lingers around 1.0750 ahead of ECB, AUD firmer post-jobs.The latest Aussie employment data provided encouragement but was predominantly fuelled by an increase in part-time jobs.Looking ahead, highlights include US IJC, PPI, NZ Manufacturing PMI, ECB Policy Announcement & ECB President Lagarde's Press Conference, Supply from US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are in the red following the risk-off sentiment in APAC trade, US futures tentative pre-CPIEuropean autos saw brief marked outperformance on von der Leyen’s comments, though this has since paredDXY is on a firmer footing with EUR & GBP softer while the PLN experienced marked appreciation after the Polish PM’s advisor spokeEGBs softer after hawkish ECB sources while Gilts remain in the green after particularly soft growth data; USTs under marginal pressure pre-CPI/supplyCrude benchmarks are modestly firmer continuing Tuesday’s upside while metals are mixed/subdued as the USD remains resilientLooking ahead, highlights include US CPI & supplyRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were pressured following the tech-led declines on Wall St owing to the Apple event and with participants cautious ahead of the upcoming US CPI data.Apple (AAPL) shares sold off after the new iPhone prices provided some disappointment, whilst some also cited a “sell the news” event. ECB’s new 2024 inflation projection is to be above 3% vs. 3% in June, firming the case for an interest rate hike, according to Reuters sources.DXY eked mild gains amid the risk-off mood, EUR/USD remained indecisive after yesterday’s whipsawing, and USD/JPY resumed its upward trend after finding support near 147.00.Looking ahead, highlights include UK GDP Estimate, US CPI, IEA Oil Market Report, Supply from Italy, UK, Germany & USRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses/US futures are generally struggling for direction though Tech lags post-ORCL -9.1% pre-marketUSD at the top-end of parameters but still sub-105.00; GBP stumbles on caveats to UK wage dataGilts outperform post-data but are off highs as BoE’s appointee Breeden says she agrees that August CPI risks are skewed to the upsideCrude benchmarks choppy with specifics light while TTF continues to benefit from strike action, metals softer after Monday’s strengthLooking ahead, highlights include BoE’s Mann, Supply from the US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mixed with the region tentative in the absence of any fresh macro catalysts.European equity futures are indicative of a slightly higher open with Euro Stoxx 50 future +0.2% after the cash market closed up 0.4% yesterday.DXY was contained above 104.50, EUR/USD and USD/JPY are steady on 1.07 and 146 handles respectively, Cable eyes jobs dataAustralia union said it wants industrial action to continue until it secures a union-negotiated deal at Australian LNG facilities, according to ReutersLooking ahead, highlights include UK Labour Data, German Wholesale Prices, German & EZ ZEW, US NFIB Business Optimism Index, BoE’s Mann, Supply from Netherlands, UK & US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses & US futures are firmer in a continuation of the APAC handover where action was driven by Chinese inflationTesla +5.5% in pre-market trade following action by Morgan StanleyUSD pressured by both the JPY & Yuan following Ueda and midpoint/CPI respectivelyCore fixed benchmarks remain depressed but are off worst as JGBs regroup from BoJ-inspired lowsCrude continues to pullback despite bullish catalysts while metals benefit from China and the softer USDLooking ahead, highlights include NY Fed SCE. Supply from the US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mixed as yields climbed following comments from BoJ Governor Ueda.Ueda said the BoJ cannot rule out that they might have sufficient data by year-end to determine whether they can end negative rates. Chinese inflation data showed headline CPI Y/Y was softer than expected but no longer in deflationary territory.European equity futures are indicative of a slightly higher open with Euro Stoxx 50 future +0.1% after the cash market closed up 0.4% on Friday.DXY is on the backfoot, JPY leads post-Ueda, EUR/USD and Cable are back on 1.07 and 1.25 handles respectively.Looking ahead, highlights include NY Fed SCE, Speech from BoE’s Pill, Supply from the US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US futures reside in the red but are faring better than European counterparts which have drifted since the openAAPL unreactive to incremental iPhone updates while Morgan Stanley believes the two-day stock sell-off is overdoneDXY has slipped as yields lift but remains near 105.00 as the JPY wanes from best, Antipodeans outperform after recent pressureCore benchmarks underpinned on risk aversion ahead of Canadian jobs and a Fed speakerNat Gas bid as Chevron Australia strikes commence while XAU benefits from the above to the detriment of base peersLooking ahead, highlights include Canadian Employment & Chinese Money Supply, Fed’s BarrRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks declined amid US-China tech-related frictions and disappointing Japanese GDP revisions.Fed’s Logan who noted that it could be appropriate to skip an interest rate increase this month and that skipping does not imply stopping rate hikes.European equity futures are indicative of a slightly higher open with Euro Stoxx 50 future +0.1% after the cash market closed down 0.4% yesterday.DXY retreated back below 105, EUR/USD sits in the low 1.07's, Cable lingers below 1.25 and USD/JPY trades on a 147 handle.Looking ahead, highlights include German CPI (Final), Canadian Employment & Chinese Money Supply, Fed’s Bostic & Barr.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses spent the morning in the red but have benefited from a broader yield-induced pick up in sentimentStateside, futures remain in the red but as above are off lows. NQ lags given marked AAPL pressure in the pre-marketDXY remains firmer but has been unable to breach the 105.00 mark with GBP suffering as BoE expectations drift furtherGilts lead European benchmarks higher, though the complex is yet to retain the bulk of Wednesday’s downsideFurther consolidation for crude benchmarks while metals are impaired by the USD and APAC handoverLooking ahead, highlights include US IJC, G20 Finance & Energy Meeting, Speeches from Fed’s Goolsbee, Bowman, Logan, Harker, Williams & Bostic.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were pressured as the region took its cue from the losses stateside, while participants also digested the latest Chinese trade data.Chinese trade data showed a continued contraction in the nation’s exports and imports but was not as bad as feared.European equity futures are indicative of a lower open with Euro Stoxx 50 future -0.3% after the cash market closed down 0.7% yesterday.DXY held on to yesterday's data-driven gains, EUR/USD and USD/JPY remain on 1.07 and 147 handles respectively.Looking ahead, highlights include German Industrial Production, UK House Prices, EZ Employment Final, US IJC, G20 Finance & Energy Meeting, BoE's Monthly Decision Maker Panel, ECB’s Elderson, Fed’s Goolsbee, Bowman, Logan, Harker, Williams & Bostic, Supply from Spain, France & US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses & US futures are under pressure, though the latter comparably more contained pre-data/Fed speakDXY dips but retains an underlying bid while JPY outperforms after jawboning, CAD soft pre-BoC as crude pullsbackA session of consolidation for crude after Tuesday’s pronounced upside, metals feature spot gold near unchanged while base peers have lifted from lows in-line with ChinaEGBs pressured by hawk-Knot after fleeting data-induced upside, USTs more containedLooking ahead, highlights include US ISM Services, NBP & BoC Policy Announcements, Fed’s Collins & Logan, BoE's Bailey, Cunliffe & Dhingra, Riksbank’s Thedeen.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mostly in the red following the subdued handover from Wall Street where sentiment was clouded by the higher yield environment.European equity futures are indicative of a lower open with Euro Stoxx 50 future -0.4% after the cash market closed down 0.3% yesterday.DXY has held on to a bulk of yesterday's gains, USD/JPY remains on a 147 handle, EUR/USD languishes firmly below 1.08.Japanese top currency diplomat Kanda warned that officials won't rule out any options in response to FX moves.Looking ahead, highlights include German Industrial Orders, EZ, German, French, Italian, UK Construction PMI, US ISM Services, NBP & BoC Policy Announcements, Fed’s Collins & Logan, BoE's Bailey, Cunliffe & Dhingra, Riksbank’s Thedeen, Supply from UK & Germany.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses/US futures are subdued as soft Chinese data weighs on sentiment, though equities are off lows as the US returnsDXY continues to climb with risk-aversion and accompanying yield upside fuelling the strength, Antipodeans lag given the China data while the RBA was as-expectedCore fixed benchmarks are in the red with action occurring around the EZ/regional and UK PMIs but for the most part this has been shortlived; US yields bid across the curveEnergy is softer intra-day as sentiment takes its toll while both precious and base metals are dented by the USDs upsideLooking ahead, highlights include US IBD/TIPP & Durable Goods, Speech from ECB’s Schnabel & de GuindosRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mostly subdued after the holiday lull stateside and as the region digested disappointing data including weaker-than-expected Chinese Caixin Services PMI.European equity futures are indicative of a slightly lower open with Euro Stoxx 50 future -0.1% after the cash market closed down 0.1% yesterday.DXY is contained above the 104.00 level, EUR/USD lingers below 1.08 and AUD lags.RBA kept the Cash Rate Target unchanged at 4.10%, as expected and reiterated that some further tightening of monetary policy may be required.Looking ahead, highlights include Spanish, Italian, French, EZ, UK PMI, US IBD/TIPP & Durable Goods, Speech from ECB’s Lagarde, Schnabel & de Guindos, Supply from Germany.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mostly higher led by strength in China’s property sector amid gains in Country Garden Holdings.Country Garden Holdings surging by a double-digit percentage after it made a payment on a ringgit-denominated bond and won approval to extend its onshore private bond maturity by three years.European equity futures are indicative of a higher open with Euro Stoxx 50 futures +0.3% after the cash market closed down 0.3% on Friday.DXY is contained above the 104 mark, EUR/USD is sub 1.08, USD/JPY and Cable rest above 146 and 1.26 respectively.Highlights include German Trade Balance, EZ Sentix Index, ECB’s Lagarde, Elderson, Lane & Panetta, Holiday Closure in the US & Canada for Labor Day.The desk will open as usual at 22:00BST/17:00EDT on Sunday 3rd September and run until 18:00BST/13:00EDT on Monday 4th September, upon which the desk will close and then re-open at 22:00BST/17:00EDT the same day due to US market closuresRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Equity bourses/futures are incrementally firmer but the overall tone remains tentative ahead of key US dataUSD bounces from overnight lows but remains softer overall with peers generally contained; Yuan underpinned by PBoC action and dataEnergy benchmarks are firmer owing to the USD and Chevron/LNG updates, base metals glean support from Chinese stimulusFixed benchmarks consolidate after month-end action and await data driversLooking ahead, highlights include US Manufacturing PMI Final, US Jobs Report, Canadian GDP, US ISM Manufacturing, speeches from Fed’s MesterRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mixed following a similar lead from Wall Street, whilst Hong Kong markets were closed due to Typhoon Saola.PBoC is to cut FX RRR by 2ppts to 4% (prev. 6%) from September 15th, according to the central bank; Several major Chinese banks lowered their deposit rates.DXY traded choppily within a tight range but was knocked to session lows after the PBoC headlines induced Yuan strength, which later pared back.Softbank's (9984 JT) Arm Holdings is expected to set a price range for its IPO next week, with plans to price its shares on September 13th and trading to start the following day, according to Reuters sources.European equity futures are indicative of a flat/firmer open with the Euro Stoxx 50 future +0.1% after cash markets closed lower by 0.4% yesterday. Looking ahead, highlights include UK Nationwide House Prices, EZ, UK, US Manufacturing PMI Final, US Jobs Report, Canadian GDP, US ISM Manufacturing, speeches from Fed’s Bostic & Mester, ECB's Vujcic.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are mostly firmer after a packed morning ahead of an equally busy US agenda, ES +0.1%EUR & EZ yields slump after Flash HICP and balanced commentary from Schnabel on a hike/skip for upcoming meetingsPricing for a 25bp hike by the ECB in September down to a 30% chance from over 60% in recent sessionsDXY bid as a result and pressuring peers, Cable dented further by Pill backing a steady for longer strategy vs overtighteningCrude continues to climb while XAU is near unchanged and torn between the risk tone & USD upsideAPAC traded negative despite the firmer handover with mixed Chinese PMIs influencingLooking ahead, highlights include US PCE Price Index (Jul), IJC & Challenger Layoffs, speeches from Fed’s Collins, ECB’s de Guindos.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks eventually traded mostly negatively following a marginally positive handover from Wall Street, which saw an equity bid underpinned by dovish US economic data.DXY was caged in a tight range after being dealt another blow by US data yesterday, JPY and AUD narrowly outperformed.European equity futures are indicative of a flat open after Euro Stoxx 50 cash closed -0.3% yesterday.Chinese PMIs were mixed, manufacturing topped expectations but remained sub-50 while non-manufacturing deteriorated slightly since July.The US reportedly restricted the export of some AMD (AMD) and Nvidia (NVDA) chips to the Middle East amid China fears.Looking ahead, highlights include German Retail Sales, Unemployment Rate, EZ Flash CPI, Unemployment Rate, US PCE Price Index (Jul), IJC & Challenger Layoffs, speeches from Fed’s Bostic, Collins, ECB’s de Guindos, Schnabel, BoE’s Pill.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are in the red as expectations for the ECB September meeting turns more hawkishStateside, futures are in the red with the NQ lagging slightly as yields liftGerman regional & Spanish Flash CPIs spurred ECB pricing to a circa. 60% chance of 25bp in Sep., vs 50/50 recentlyBroad debt retracement after Tuesday’s US-data inspired highs with EGBs leading post-dataCrude benchmarks at highs as Idalia intensifies into a category four hurricane, expected to intensify as it nears FloridaUS Commerce Secretary Raimondo said some Chinese gov’t actions are positive, US businesses want to do business in ChinaLooking ahead, highlights include US ADP National Employment, US GDP Estimates (Prelim) & PCE Prices Prelim (Q2), German HICP (Flash).Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded positively following the JOLTS-induced gains seen on Wall Street, although Mainland China waned throughout the session.DXY was steady after the prior day’s slump, with the index finding overnight support near 103.50 while AUD was dented by softer-than-expected CPI.BoJ Board Member Tamara said it is appropriate to keep easy policy now and he doesn’t expect the 10yr JGB yield to hit 1.0%.European equity futures are indicative of a firmer open, with the Euro Stoxx 50 future +0.4% after cash markets closed +0.8%.Looking ahead, highlights include German & Spanish CPI, US ADP National Employment, US GDP Estimates (Prelim) & PCE Prices Prelim (Q2), Speech from ECB's Centeno, Supply from Germany & Italy.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Equities are in the green despite fading just after the European open, further upside seen on Chinese sourcesMultiple reports via State Media and BBG that China is considering rate-related action to bolster growthCrude benchmarks print fresh highs on the above and as Idalia intensifies into a hurricane, gas deflates slightly after marked Monday upsideDXY continues to rotate around 104.00 with Antipodeans outperforming while the EUR fades towards marked 1.08 OpExDebt futures pare gains after an initial extension in early trade, though Bunds remain in the green after a decent Bobl outingLooking ahead, highlights include US JOLTS, NBH Policy Announcement, Speeches from Fed's Barr & RBA’s Bullock, and Supply from the USRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded with an upward bias following the positive lead from Wall Street, with little in terms of fresh catalysts to dictate price action heading into month-end.DXY was subdued after retreating back under the 104.00 mark in early APAC hours, while debt futures tilted firmer.Chinese State media reports PBoC may cut banks' RRR earlier than expected to maintain reasonable ample liquidity.Australian union said workers at Chevron's LNG facilities will escalate industrial action each week until Co. agrees to bargaining claims.Looking ahead, highlights include German GfK, Spanish Retail Sales & US JOLTS, NBH Policy Announcement, Speeches from Fed's Barr & RBA’s Bullock, and Supply from Germany and the US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Equities are in the green with fresh drivers limited and markets deriving impetus from APAC upsideDXY has dipped below 104.00 with peers generally contained, JPY near lows as Ueda underlines reasons to remain ultra-accommodativeEnergy benchmarks firmer amid numerous NHC and Offshore Alliance updatesBunds test Friday’s trough in a return to the bearish path of least resistanceLooking ahead, highlights include US Dallas Fed Manufacturing, & supply from the US. Fed's Barr. ECB's Nagel & HolzmannRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks kicked off the week in the green, following a similar lead from Wall Street, whilst the focus overnight was on Chinese markets after Friday's stock support measures.DXY was caged to a tight range above 104.00 after Friday’s choppy session, AUD outperformed whilst the JPY stood as the G10 laggard.ECB President Lagarde on Friday said the ECB needs to set rates at sufficiently restrictive levels for as long as necessary to achieve a timely return of inflation to our 2% medium-term target.BoJ Governor Ueda over the weekend said underlying inflation in Japan is still below 2%, which is a reason to stick to the current monetary policy approach.Looking ahead, highlights include EZ M3, US Dallas Fed Manufacturing, and supply from the EU and the US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

MON: Australian Retail Sales (Jul)TUE: NBH Announcement, German GfK Consumer Sentiment (Sep), US CaseShiller (Jun) and JOLTS (Jul)WED: Australian CPI (Jul), Spanish Flash CPI (Aug), EZ Sentiment Survey (Aug), US GDP 2nd Estimate (Q2), US ADP National Employment (Aug)THU: ECB Minutes, Japanese Retail Sales (Jul), Chinese Official PMI (Aug), German Retail Sales (Jul)/ Unemployment (Aug), EZ Flash CPI (Aug), US Challenger Layoffs (Aug), US PCE (Jul)FRI: Chinese Caixin Manufacturing PMI (Aug), Swiss CPI (Aug), EZ/UK/US Final Manufacturing PMI (Aug), ISM Manufacturing PMI (Aug), US Labour Market Report (Aug), Canadian GDP (Q2)Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses and US futures are modestly firmer but the overall tone is tentative pre-Jackson HoleUSD is bid but rangebound pre-Powell while EUR lags after dovish-leaning ECB sources, AUD outperforms as base metals liftCore benchmarks continue to pullback with Bunds entirely paring knee-jerk upside to sourcesECB sources report momentum is growing for a pause as recession fears increase, via ReutersCrude benchmarks are grinding higher awaiting LNG updates while base metals derive upside from Chinese property supportLooking ahead, highlights include US UoM Survey. Jackson Hole: Fed’s Powell, Mester, Harker, Goolsbee & ECB’s LagardeRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded lower following the weak handover from global counterparts after the Nvidia-related euphoria wore off.European equity futures are indicative of a lower open with the Eurostoxx 50 future -0.3% after the cash market closed down 0.8% yesterday.DXY has extended upside above 104 and is firmer vs. peers, EUR/USD sits on a 1.07 handle whilst USD/JPY has reclaimed 146 status. ECB's Nagel stated it is much too early to think about a rate-hike pause, Vujcic said it is to be seen whether rates are restrictive enough.Offshore Alliance members at Woodside Energy (WDS AT) endorsed the in-principle agreement.Looking ahead, highlights include German Ifo, US UoM Survey, Fed’s Powell, Mester, Harker, Goolsbee & ECB’s Lagarde.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Tech/NQ lead the equity space after NVDA earnings, +7.7% pre-market, as attention turns to Jackson HoleUSD has bounced from post-PMI lows, Antipodeans lag after recent outperformance & JPY unwinds recovery gainsEGBs/Gilts tested post-PMI bounds before running out of steam, USTs under modest pressureCrude has turned positive and nat gas benchmarks are off lows after Chevron’s vote update; TTF remains markedly pressured post-WoodsideWoodside and unions came to an in-principle agreement on numerous issues, vote due at 12:30BST/07:30ETBRICS to invite Iran, Egypt, Argentina, Ethiopia, Saudi Arabia and UAE to become new membersLooking ahead, highlights include US Durable Goods & Initial Jobless Claims, Fed's Jackson Hole Symposium, Banxico Minutes, CBRT Policy Announcement, Speeches from Fed's Harker & Collins, Earning from Dollar Tree.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Nvidia rose 6.6% after-hours post-earnings after reporting solid Q2 profits and announcing an additional USD 25bln in buybacksAPAC stocks traded higher as the region took impetus from the gains on Wall St. and the Nvidia-induced rise in futures; ES +0.8%, NQ +1.3%European equity futures are indicative of a higher open with the Eurostoxx 50 future +0.7% after the cash market closed up by 0.2% yesterdayDXY is contained on a 103 handle, whilst EUR/USD and Cable hold on to 1.08 and 1.27 status respectively, USD/JPY is back above 145Union members at Woodside’s LNG facilities will meet today to discuss an in-principle agreement reached with the Co.Looking ahead, highlights include US Durable Goods & Initial Jobless Claims, Fed's Jackson Hole Symposium, Banxico Minutes, CBRT Policy Announcement, Speeches from Fed's Harker & CollinsRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses & US futures are firmer and back towards best as lower yields take precedence over European growth concernsGermany’s PMI saw a marked contraction for services and a bleak accompanying GDP nowcast, input costs increased in the EZ for the first time in 11 monthsUSD benefits as EUR & GBP decline following dire PMIs while JPY outperforms as yields tumbleMentioned data has trimmed the probability of ECB/BoE tightening, core benchmarks at highs with US yields lower across the curveCrude is pressured by the USD alongside demand- and supply-side factors, metals remain underpinnedLooking ahead, highlights include US Flash PMIs, US MBAs, Canadian Retail Sales, Supply from the US. Earnings from NVIDIA Corp, and the BRICS summit.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mixed amid a slew of earnings releases alongside the latest PMI data from the region but with price action relatively rangebound.Fed's Barkin (2024 voter) said the US economy could reaccelerate before inflation cools and he won't prejudge the outcome of the Fed's September meeting.DXY gave back some of the prior day’s gains, albeit with price action contained ahead of flash PMIs and the Fed’s Jackson Hole Symposium.Woodside Energy is meeting unions for talks as strike threats loom over Australian LNG facilities. Talks are expected to continue until the evening, according to Bloomberg.Looking ahead, highlights include EZ, UK, US Flash PMIs, US MBA, Canadian Retail Sales, Supply from Germany & US, Earnings from NVIDIA Corp, and the BRICS summit.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses and US futures are firmer as the US tech-led rally reverberated into EuropeAPAC trade was more mixed, though a late-doors revival occurred in Chinese-stocks despite limited catalystsDXY continues to slip and nears 103.00 with Antipodeans benefitting from the risk tone pre-data while JPY gets respite from a stabilisation in yieldsFixed benchmarks have bounced firmly after Monday’s marked yield upsideEnergy benchmarks are failing to benefit from the above tone; Woodside Energy says talks are constructive, elsewhere the Iraqi minister arrives in Turkey.Looking ahead, highlights include Richmond Fed Index, Fed Discount Rate Minutes, Speeches from Fed’s Barkin, Bowman & Goolsbee.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mixed following a similar performance stateside where tech rallied.WSJ's Timiraos tweeted that he believes Fed Chair Powell is unlikely to speak about higher neutral rates at the Jackson Hole Symposium.European equity futures are indicative of a higher open with the Eurostoxx 50 future +0.5% after the cash market closed up by 0.3% yesterday.DXY is a touch softer but still on a 103 handle, EUR/USD is back above 1.09, USD/JPY lingers just below 146.Looking ahead, highlights include Richmond Fed Index, Fed Discount Rate Minutes, Speeches from Fed’s Barkin, Bowman & Goolsbee, Earnings from Lowe’s Companies.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Equity bourses/futures have gradually improved throughout the morning after a contained European openAction which occurs in limited newsflow and follows mixed APAC on a disappointing LPR adjustment which overshadowed support measuresCrude and nat gas are bolstered by supply-side updates via the NHC and on Australian LNGUSD drifts in a contained start to the week, EUR eyes OpEx while the JPY is undermined by upside in US yieldsEGBs and USTs slip though Gilts remain relatively resilient, US yields steeperLooking ahead highlights include the Bundesbank Monthly Report. Earnings from Zoom Video Communications.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mixed as the disappointment from China’s decision on its Loan Prime Rates overshadowed its recent support efforts; Hong Kong underperformed.PBoC opted for a narrower-than-expected cut to the 1-year LPR alongside a surprise hold on the 5-year LPR, which is the reference rate for mortgages.PBoC and regulators met with bank executives and told lenders to boost loans to support the economic recovery, according to Bloomberg.US equity futures traded sideways and were only briefly fazed by China's benchmark rate disappointment; European equity futures are indicative of a flat open.Unions at Woodside Energy's North West Shelf offshore gas platforms on Sunday announced plans to strike as early as September 2nd, according to Reuters.Looking ahead, highlights include German PPI, Bundesbank Monthly Report, and Earnings from Zoom Video Communications.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are once again on the backfoot as the downtrend in the equity space continues without much in the way of fresh drivers.US equity futures are trading on the back foot as sentiment continues to slump, extending the downward price action seen yesterday.In FX, DXY is resilient, JPY outperforms on yield dynamics, GBP lags following softer-than-expected UK retail sales, whilst the CNY saw the largest gap between the PBoC fixing and expectations. Bunds are leading the latest recovery rally in core debt, T-note futures continue edging higher as US players enter the market. Looking ahead, highlights include the Trilateral Summit hosting Japanese, South Korean, and US leaders. Earnings from Estee Lauder.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mostly lower after the early reprieve from the recent global rout petered outEuropean equity futures are indicative of a slightly lower open with the Euro Stoxx 50 -0.1% after the cash market closed down by 1.3% yesterdayDXY is a touch softer but still firmly on a 103 handle, EUR/USD remains sub 1.09, JPY leads the majors as USD/JPY pulls back from 14610yr UST futures extended on the rebound from yesterday’s trough as yields slightly eased backLooking ahead, highlights include UK Retail Sales and EZ CPI (Final), Trilateral Summit hosting Japanese, South Korean, and US leaders, ECB’s LaneRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses trade on the backfoot after succumbing to the selling pressure seen Stateside and during APAC trade, while macro newsflow has been light.DXY faded from best levels after extending gains on the back of broad risk aversion, EUR sees several large option expiries, AUD underperforms after the Aussie jobs report.WTI and Brent front-month futures tilted higher this morning following APAC consolidation, with little in the way of fresh newsflow to drive price action.Norges Bank hiked its Key Policy Rate by 25bps as expected to 4.00%, and sees another hike in September.Looking ahead, highlights include highlights include US IJC, Philadelphia Fed Business Index, Norges Policy Announcement, Earnings from Walmart & Applied Materials.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

FOMC minutes stated that most officials saw "significant" upside risks to inflation and could require further tightening; account was otherwise balanced.APAC stocks mostly suffered another day of selling and followed suit to the losses on Wall St, participants also reflected on several weak data releases from the region.European equity futures are indicative of a lower open with the Euro Stoxx 50 -0.6% after the cash market closed down by 0.1% yesterday.DXY is steady around 103.50, EUR/USD is sub-1.0900, USD/JPY sits on a 146 handle, AUD lags post-jobs data.Looking ahead, highlights include US IJC, Philadelphia Fed Business Index, Norges Policy Announcement, Supply from France, Earnings from Walmart.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses trade mixed after opening after shrugging off mild broad-based opening losses with no obvious catalyst behind the move at the time.DXY is softer and trades on either side of 103.00, T-note futures hold near overnight peaks, US equity futures are trading flat with a positive bias ahead of FOMC minutes.GBP and NZD outperform, the former following hotter-than-expected UK inflation and the latter after RBNZ left rates unchanged but upped the OCR path.China reportedly asked some funds to avoid net equity sales as the market sinks, according to Bloomberg sources; Chinese state banks were seen selling dollars vs yuan at the 7.2800 level.Looking ahead, highlights include: Highlights include US Building Permits & Industrial Production, FOMC Minutes, Earnings from Cisco.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US stocks closed lower with the S&P 500 closing below its 50DMA for the first time since MarchAPAC stocks were pressured following the declines on Wall St amid the broad risk-off moodEuropean equity futures are indicative of a weaker open with the Euro Stoxx 50 -0.3% after the cash market closed down by 1.0% yesterdayRBNZ kept rates unchanged as expected and reiterated the OCR will need to remain at a restrictive level for the foreseeable futureDXY is a touch softer above 103, EUR/USD is supported by 1.09, USD/JPY maintains 145 status, NZD leads post-RBNZLooking ahead, highlights include UK CPI, EZ GDP & Unemployment Rate, US Building Permits & Industrial Production, FOMC Minutes, Supply from GermanyRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses have been unable to hold onto modest opening gains, whilst there wasn’t a clear reason behind the pullback in global equities.Stateside are trading on the back foot, with ES and NQ giving back some of yesterday's gains after overnight data out of China disappointed.Fitch analysts warn it may be forced to downgrade dozens of banks, including JPMorgan Chase (JPM), according to CNBC. China's PBoC cut its 1-year MLF rate by 15bps, and reduced its 7-day reverse repo rate and SLF rates by 10bps each; state banks intervened overnight, and activity data underscored dampened demand.Looking ahead, highlights include, US Import & Export Prices, Retail Sales, Business Inventories, Canadian CPI, Speech from Fed’s KashkariRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US stocks were mostly positive with outperformance in the Nasdaq amid the advances in Nvidia after MS named the stock a top pick.APAC stocks traded mixed as participants digested key releases including disappointing Chinese activity data and the PBoC’s surprise cuts to its 7-day Reverse Repo and 1-year MLF rates.European equity futures are indicative of a higher open with the Euro Stoxx 50 +0.4% after the cash market closed up by 0.2% yesterday.DXY remains above 103, USD/CNH advanced to 7.3121 post-MLF reduction, AUD leads the majors, EUR/USD sits just above 1.09.Highlights include, UK Unemployment, Swedish CPI, German & EZ ZEW, US Import & Export Prices, Retail Sales, Business Inventories, Canadian CPI, Speech from Fed’s Kashkari, Supply from UK & Germany.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses trade on the front-foot after shrugging off opening losses which were in part a by-product of Chinese-related concerns overnight.Stateside, futures are trading slightly firmer ahead of a catalyst-thin docket, with the ES briefly topping 4,500.A partial pick-up in overall sentiment sapped some of the Greenback’s strength rather than any real change in fundamentals; G10s are flat.Debt futures regain composure after overcoming several bouts of selling pressure, albeit not uniformly and without an obvious catalyst.Looking ahead, highlights include the BoC Senior Loan Officer SurveyRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were pressured amid ongoing Chinese economic woes and developer default concernsGoldman Sachs expects the Fed to begin cutting rates by the end of June 2024 at a gradual pace, which it anticipates likely to be once per quarterEuropean equity futures are indicative of a lower open with the Euro Stoxx 50 -0.4% after the cash market closed down by 1.4% on FridayDXY is firmer and just below the 103 mark, USD/JPY briefly climbed above 145, AUD lags the major due to Chinese economic concernsLooking ahead, highlights include BoC SLOOSRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are under modest pressure as benchmarks gradually dip in catalyst thin trade; US futures near unchangedDXY is incrementally softer with GBP the standout outperformer post UK GDPGiven the above, Gilts lag though EGBs are also lower while USTs remain afloat pre-dataCrude benchmarks are near unchanged after Thursday’s subdued settlement, XAU bidLooking ahead, highlights include US PPI & UoM (Prelim).Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mostly lower after the post-CPI dovish unwinding seen stateside, Chinese property concerns and holiday-thinned conditions.European equity futures are indicative of a lower open with the Euro Stoxx 50 -0.6% after the cash market closed up by 1.6% yesterday.DXY is contained just above the 102.50 mark, USD/JPY eyes 145, EUR/USD sits just below 1.10.Looking ahead, highlights include French Unemployment Rate, UK GDP, Trade Balance, US PPI, UoM (Prelim), Speeches from RBA's Lowe, Bullock & Kohler.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are in the green, with sentiment inching higher in pre-CPI tradeStateside, futures are taking impetus from the above and recouping some of Wednesday’s pressureDXY lags in the FX space with CHF taking advantage while JPY lags on yield dynamics, EUR & GBP both bidCore fixed benchmarks are in the red with US yields higher across the curve but action remains limitedCommodities hold a positive bias given the tone and USD downside, incrementally encouraging updates re. TTF/LNG supplyLooking ahead, highlights include US CPI, IJC, Chinese M2 Money Supply, New Zealand PMI (Manufacturing), Banxico Policy Announcement, Speeches from Fed's Harker & Bostic, Supply from US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US stocks finished lower in a choppy session with catalysts extremely light; APAC stocks were mixed with the regional bourses mostly rangebound amid a slew of earnings releases and with the mood tentative.European equity futures are indicative of a firmer open with the Euro Stoxx 50 +0.6% after the cash market closed up by 0.7% yesterday.DXY traded flat around the 102.50 level as participants lacked conviction heading into the US CPI data; 10yr UST futures were marginally lower, Bund futures remained subdued, and 10yr JGB futures declined.Looking ahead, highlights include Norwegian CPI, Italian CPI (Final), US CPI, IJC, Chinese M2 Money Supply, New Zealand Manufacturing PMI, Banxico Policy Announcement, ECB Economic Bulletin, Speeches from Fed's Harker & Bostic, Supply from US.Earnings from Allianz, Deutsche Telekom, Munich Re., Novo Nordisk, Rheinmetall, Siemens, Antofagasta, Entain, Zurich Insurance & Ralph Lauren.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are firmer as the tone improves while US futures attempted to claw back recent downsideDXY dips under 102.50, Yuan in focus during APAC hours given Chinese inflation; Antipodeans leadCore fixed benchmarks are relatively contained, Gilts bid and Bunds pressured post supply, US 10yr dueCrude benchmarks inch higher, with focus on earlier Saudi updates while metals derive support from the USDChinese inflation data was mixed but showed consumer prices in deflationary territory for the first time in more than two yearsLooking ahead, highlights include EIA Weekly Energy Inventories, Supply from the US, Earnings from Walt Disney.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mixed as participants digested a deluge of earnings releases and the latest inflation data from ChinaChinese inflation data was mixed but showed consumer prices in deflationary territory for the first time in more than two yearsEuropean equity futures are indicative of a firmer open with the Euro Stoxx 50 +0.9% after the cash market closed down by 1.1% yesterdayDXY is a touch softer, EUR/USD remains sub-1.10, USD/JPY sits on a 143 handle, AUD marginally outperformsLooking ahead, highlights include EIA Weekly Energy Inventories, Supply from UK, Germany & US, Earnings from Continental, E.ON, Bellway, Flutter & Walt DisneyRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are lower given the risk tone post-China trade, banking names lag after an Italian windfall taxStateside, futures are also in the red and feature continued underperformance in the RTYGiven the tone after downbeat Chinese trade the DXY continues to lift with Antipodeans laggingBunds surpassed last week’s best after a strong Bobl auction with the complex bid on the tone ahead of US 3yr supply & Fed speakCommodities are broadly pressured given the above factors though spot gold is somewhat cushioned by its haven allureLooking ahead, highlights include US Trade, US IBD/TIPP Economic Optimism. Speakers incl. Fed's Harker & Barkin. Supply from the US. Earnings from Eli Lilly.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mixed after the early optimism following the positive lead from Wall St was souredThis came as Chinese markets entered the fray, while the region also digested disappointing Chinese trade dataEuropean equity futures are indicative of a slightly lower open with the Euro Stoxx 50 -0.1% after the cash market closed up by 0.1% yesterdayDXY heads into the European session firmer, JPY lags with USD/JPY above 143, EUR/USD is back on a 1.09 handleLooking ahead, highlights include include German CPI (Final), US Trade, ECB Economic Bulletin, ECB Consumer Expectation Survey, US IBD/TIPP Economic Optimism, Speakers from Fed's Harker & Barkin, Supply from UK, Germany & USRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are pressured with fresh drivers light and price action continuing from subdued APAC tradeStateside, futures are more constructive with the NQ leading despite yield upside given last week’s pressureDXY is bid to the detriment of G10 peers with havens lagging as yields liftDebt dips with Central Bank speak taking centre stage; Bowman said more hikes likely while Williams said we are pretty close to peak rateCommodities in the red given the overall tone and USD strengthLooking ahead, highlights include Speeches from BoE’s Pill, Fed’s Bostic, Harker & Bowman.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks began the week mostly negative following on from last Friday's late retreat on Wall Street.Fed’s Bowman (voter) said more US rate hikes will likely be needed.European equity futures are indicative of a lower open with the Euro Stoxx 50 -0.3% after the cash market closed up by 0.7% on Friday.FX markets are contained with DXY steady just above 102, JPY marginally lags, EUR/USD eyes 1.10 to the upside.Looking ahead, highlights include German Industrial Output, Speeches from BoE’s Pill, Fed’s Bostic & Bowman, Earnings from Siemens Energy & Airbnb.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

MON: BoJ Summary of Opinions, German Industrial Output (Jun), EZ Sentix Index (Aug)TUE: EIA STEO, Chinese Trade Balance (Jul), German Final CPI (Jul), Canadian Trade Balance (Jul)WED: Chinese Inflation (Jul)THU: RBI Announcement, Banxico Announcement, OPEC MOMR, US CPI (Jul)FRI: IEA OMR, UK GDP (Jun), French/Spanish Final CPI (Jul), US PPI (Jul), US Uni of Michigan Prelim. Survey (Aug)Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses and US futures are modestly firmer with updates limited aside from numerous corporate developments pre-NFPAMZN +8.8% & AAPL -1.8% pre-market; Berkshire Hathaway reports on the weekendDXY is firmer but yet to lift above 102.50, Antipodeans outperform while havens pare some of their recent gainsFixed benchmarks dip to incremental WTD lows with the week’s bearish drivers still in playWTI and Brent are edging higher as we head towards the OPEC+ JMMC at 12:30BST/07:30ETLooking ahead, highlights include US NFP, Canadian Unemployment, OPEC+ JMMC, Speech from BoE's Pill, Earnings from Berkshire Hathaway Inc.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mixed as most bourses in the region lacked firm direction after a lacklustre handover from the USApple were lower by 2% after-hours as earnings once again showed declining sales, whilst Amazon was boosted by 8.7% following solid resultsEuropean equity futures are indicative of a higher open with the Euro Stoxx 50 +0.4% after the cash market closed down by 0.7% yesterdayDXY is flat just below the 102.50 mark with price action in the FX space overall contained, antipodeans marginally outperformLooking ahead, highlights include EZ Retail Sales, US NFP, Canadian Unemployment, OPEC+ JMMC, Speech from BoE's Pill, Earnings from Credit Agricole, Commerzbank, Maersk & Berkshire Hathaway.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses & US futures continue to slump in an extension of Wednesday’s price action with yields on the upEGBs/USTs continue to drop and have made new lows below the post-Refunding/Fitch trough, Gilts pressured further pre-BoEFurther upside for the USD with JPY outperforming on haven action while EUR & GBP slipCommodities are in-fitting with the above risk tone and accompanying USD strength; complex is conscious of punchy rhetoric from PolandLooking ahead, highlights include US IJC, Factory Orders, ISM Services, BoE Policy Announcement, BoE's Bailey, Fed's Barkin, Bostic & Goolsbee. Earnings from ConocoPhillips, Regeneron Pharmaceuticals, Apple, Kellogg Co, Moderna, Amazon,com, Warner Bros Discovery & Airbnb.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks mostly followed suit to the weakness in global peers, albeit with some of the losses stemmed in Asia as participants digested Chinese Caixin PMI figures.European equity futures are indicative of a marginally softer open with the Euro Stoxx 50 -0.1% after the cash market closed down by 1.6% yesterday.DXY remains on the front foot, EUR/USD has moved lower on a 1.09 handle, Cable sits below 1.27 pre-BoE, JPY lags post-BoJ unscheduled bond-buying operation.Brazil Central Bank cut the Selic rate by 50bps to 13.25% (exp. 25bps cut) with the decision not unanimous.Looking ahead, highlights include German Trade, EZ & UK Services PMI (Final), Swiss CPI, US IJC, Factory Orders, ISM Services, BoE Policy Announcement, BoE's Bailey, ECB's Panetta, Fed's Barkin, Bostic & Goolsbee, Supply from Spain & France.Earnings from Adidas, AXA, BMW, Infineon, ING, Lufthansa, Merck, Rolls-Royce, ConocoPhillips, Regeneron Pharmaceuticals, Apple, Kellogg Co, Moderna, Amazon.com, Warner Bros Discovery & Airbnb.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses & US futures are in the red as sentiment continues to deteriorate from the APAC/Wall St. handoverFitch cut the US' sovereign rating from AAA to AA+; Outlook revised to Stable from Watch Negative.DXY benefits from the soured tone with JPY outperforming while EUR & GBP prove relatively resilient to the USDEGBs are firmer and benefiting from haven allure with USTs bid as such and giving up some pre-Quarterly Refunding concessionCrude benchmarks retain a slight bid despite the above after Tuesday’s marked inventory draw; metals succumbing to riskLooking ahead, highlights include US ADP National Employment. US Quarterly Refunding Announcement. Earnings from Occidental Petroleum Corp, Exelon Corp, CVS Health Corp, Qualcomm Inc & MetLife Inc.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded lower following the mostly negative lead from Wall St where sentiment was dampened by higher yields and weak dataFitch cut US sovereign rating from AAA to AA+; Outlook revised to Stable from Watch NegativeEuropean equity futures are indicative of a lower open with the Euro Stoxx 50 -0.7% after the cash market closed down by 0.9% yesterdayDXY is firmer and on a 102 handle, JPY leads the majors, antipodeans lag, EUR/USD sits just below the 1.10 markCrude futures extended on gains amid tailwinds from the private sector inventory data which pointed to a record weekly drawdown of crude inventoriesLooking ahead, highlights include US ADP National Employment, Supply from Germany & US Quarterly Refunding AnnouncementEarnings from Hugo Boss, Telecom Italia, BAE Systems, Smurfit Kappa, Taylor Wimpey, Simon Property Group, Occidental Petroleum Corp, Exelon Corp, CVS Health Corp, Qualcomm & MetLifeRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are in the red with initial catalysts light but sentiment deteriorating further alongside Final PMIsStateside, futures also pressured but magnitudes are more contained ahead of manufacturing dataDXY continues to climb to the detriment of G10 peers, AUD lags post-RBA maintained its Cash RateEGBs slip despite deteriorating risk and welcome EZ PMI commentary re. inflation; USTs mixedCrude slumps as sentiment slips and the USD remains bid with metals also dentedLooking ahead, highlights include US ISM, JOLTS, New Zealand Labour Data, Speech from Fed's Goolsbee. Earnings from American International Group Inc, Advanced Micro Devices Inc, Electronic Arts Inc, Merck & Co Inc.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mostly higher following the positive lead from Wall St where the S&P 500 notched its 5th consecutive monthly gain.RBA maintained its Cash Rate Target unchanged at 4.10% and noted that some further tightening of monetary policy may be required.AUD lags post-RBA, JPY is also on the backfoot, DXY oscillates around the 102 mark, EUR/USD sits just below 1.10.European equity futures are indicative of a flat open with the Euro Stoxx 50 unchanged after the cash market closed up by 0.1% yesterday.Looking ahead, highlights include German Unemployment Rate, UK/EZ Final PMI, US ISM, JOLTS, New Zealand Labour Data, Speech from Fed's Goolsbee.Earnings from Covestro, Deutsche Post, Daimler Truck, BP, Diageo, HSBC, AIG, Advanced Micro Devices, Electronic Arts, Merck & Co.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are mixed/steady around the unchanged mark, with US futures following suitAction which follows mostly firmer APAC trade given Wall St. momentum, Chinese stimulus and despite mixed PMIsDXY is on the front-foot despite some month-end model predictions; JPY standout laggard while Antipodeans outperformFixed income remains pressured though JGBs have steadied after unscheduled 5-10yr purchases, EGBs unreactive to Flash dataCrude benchmarks continue to benefit from the risk tone/Chinese stimulus, while metals are more mixed given the USDs influenceLooking ahead, highlights include US Chicago PMI; Fed's Goolsbee, SLOOS & Treasury Estimates.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks headed into month-end mostly on the front foot as participants digested the latest support efforts from China and mixed PMI data.Chinese headline Manufacturing PMI slightly topped forecasts but remained in contraction territory and Non-Manufacturing PMI disappointed with the slowest pace of increase since December 2022.European equity futures are indicative of a lower open with the Euro Stoxx 50 -0.5% after the cash market closed up by 0.4% on Friday.In FX, DXY is firmer, JPY lags across the majors, antipodeans lead, EUR/USD hovers just above the 1.10 mark. Looking ahead, highlights include German Retail Sales, ECB Survey of Monetary Analysts, EZ Flash CPI, US Chicago PMI.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

MON: Japanese Retail Sales (Jun), Chinese Official PMI (Jul), German Flash GDP (Q2), New Zealand Labour Cost Index (Q2)TUE: RBA Announcement, Chinese Caixin Manufacturing Final PMI (Jul), German/EZ Unemployment Rates (Jul), EZ/UK/US Final Manufacturing PMIs (Jul), US ISM Manufacturing PMI (Jul), New Zealand Jobs Report (Q2)WED: BCB Announcement, US ADP Employment (Jul)THU: BoE Announcement and MPR, CNB Announcement, Chinese Caixin Final PMI (Jul), Swiss CPI (Jul), EZ/UK/US Services and Composite Final PMI (Jul), US Durable Goods R (Jun), US ISM Services PMI (Jul)FRI: RBA SoMP, EZ Retail Sales (Jun), US Jobs Report (Jul), Canadian Jobs Report (Jul)Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

BoJ kept monetary policy settings unchanged but announced it will guide YCC more flexibly with fixed rate operations for 10yr JGB to be conducted at 1.0% (prev. 0.5%).At the post-meeting presser, BoJ Governor Ueda emphasised the need for continued monetary easing, stating that the bank is prepared to further ease policy if required.European equities are a mixed bag as the dust settles on yesterday’s ECB announcement and the overnight BoJ release.US equity futures are trading on the front foot, as positivity seemingly returns following a sell-off in stocks yesterday, after the hot data prints yesterday and ahead of today's top-tier data.DXY briefly topped 102.00 earlier in the European morning, JPY whipsawed during the BoJ release and now trades with mild gains, and AUD lags ahead of next week’s RBA.Looking ahead, highlights include Eurozone Economic Sentiment, German HICP (Prelim.), US Personal Income, Consumption, PCE & Employment Costs, Earnings from Air France, BBVA, Intesa Sanpaolo, Sanofi, Vinci, Exxon, Chevron, P&G.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

BoJ kept monetary policy settings unchanged but announced it will guide YCC more flexibly with fixed rate operations for 10yr JGB to be conducted at 1.0% (prev. 50bps).APAC stocks are mixed with underperformance in the Nikkei 225 as markets digest the fallout from the BoJ.European equity futures are indicative of a lower open with the Euro Stoxx 50 -0.4% after the cash market closed up by 2.3% yesterday.JPY is the standout outperformer in the FX space with USD/JPY whipsawing amid the confusion in the aftermath of the BoJ.Looking ahead, highlights include Eurozone Economic Sentiment, German HICP (Prelim.), US Personal Income, Consumption, PCE & Employment Costs, Earnings from Air France, BBVA, Intesa Sanpaolo, Sanofi, Vinci, Exxon, Chevron, P&G. Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses in the green in a continuation of APAC trade with a blockbuster earnings docket influencingUS futures firmer and the NQ outperforms following Meta’s after-hours report, META +8.3%DXY pressured to near 100.50 with EUR & JPY taking advantage ahead of their rate decisions, Antipodeans lead given risk sentimentCrude benchmarks bid intraday given risk & USD, with both precious and base metals benefittingLooking ahead, highlights include US Durable Goods, PCE Prices Advance, IJC, GDP Advance, ECB Policy Announcement and Press Conference with Lagarde, Supply from the US.Earnings from McDonald's, Ford, Abbvie, Mastercard & Intel Corp.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

The Fed hiked rates by 25bps to 5.25%-5.50%, as expected, with the statement a copy & paste job from June.Markets initially perceived the presser as dovish after Powell avoided committing to future rate hikes and stressed a data-dependent approach.US equity futures edged higher overnight with NQ boosted by Meta shares post-earnings, APAC stocks were also firmer.European equity futures are indicative of a higher open with the Euro Stoxx 50 +0.5% after the cash market closed down by 1.0% yesterday.DXY slipped below 101, EUR/USD eyes 1.11 ahead of ECB, USD/JPY oscillates around 140 and antipodeans lead the majors.Looking ahead, highlights include German Gfk, US Durable Goods, PCE Prices Advance, IJC, GDP Advance, ECB Policy Announcement and Press Conference with Lagarde, Supply from Italy & US.Earnings from L'Air Liquide, BNP Paribas, Mercedes-Benz, ArcelorMittal, L'Oreal, Poste Italiane, Renault, Schneider Electric, STMicroelectronics, TotalEnergies, Volkswagen, Anglo American, Barclays, BT, Shell, McDonald's, Ford, Abbvie, Mastercard & Intel Corp.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are generally subdued with the Euro Stoxx 50 weighed on by LVMH -4.4%Stateside, futures are more contained pre-FOMC and as participants digest after-hours MSFT & GOOGL updatesDXY continues to slip amid ongoing JPY strength with EUR benefitting as the three regions near policy announcements; AUD lags post-CPICrude benchmarks a touch softer intraday after Tuesday’s multi-month peaks with base metals in-fitting, XAU benefits from the USDEGBs are cagey with drivers limited while USTs tick higher and more so at the short-end pre-FedLooking ahead, highlights include US New Home Sales, FOMC Policy Announcement and Fed Chair Powell's Press Conference. Earnings from Boeing, Meta, Thermo Fisher, & Coca-Cola.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mixed with most bourses lacking firm direction heading into the FOMC later today.European equity futures are indicative of a softer open with the Euro Stoxx 50 -0.4% after the cash market closed up by 0.2% yesterday.DXY was contained on a 101 handle, EUR/USD languished below 1.11, Cable eyes 1.29, AUD soft post-CPI.Softer-than-expected inflation data from Australia supported the argument for the RBA to continue its pause on rates at next week’s meeting.Looking ahead, highlights include US New Home Sales, FOMC Policy Announcement and Fed Chair Powell's Press Conference, Earnings from Porsche AG, Santander, Danone, Deutsche Bank, Stellantis, Equinor, Airbus, GSK, Lloyds, Boeing, Meta & Coca-Cola.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses & US futures are incrementally positive ahead of numerous key earnings from both sides of the pondDXY slipped to 101.18 before deriving support from an Ifo/ECB BLS driven hit to the Euro, AUD leads pre-CPICore benchmarks are modestly pressured as earlier upside dissipates despite a strong DMO sale, US 5yr dueGerman Ifo shows a return to growth contraction in Q3 while the ECB survey illustrates the ongoing impact of policy tighteningCrude trims APAC gains on German growth concerns while metals welcome Chinese stimulus, XAU near the 100-DMALooking ahead, highlights include US Consumer Confidence, Supply from the US, Earnings from EssilorLuxottica, Kering, LVMH, Microsoft, Alphabet, Visa, Moody's & GE.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mostly higher amid a rally in Chinese stocks after the Politburo’s support pledges.European equity futures are indicative of a marginally softer open with the Euro Stoxx 50 -0.1% after the cash market closed down by 0.2% yesterday.DXY is a touch softer but remains on a 101 handle, EUR/USD is stuck below 1.11, AUD marginally outperforms.Crude futures held on to most of their recent spoils after climbing to 3-month highs amid China's stimulus hopes.Looking ahead, highlights include German Ifo, US Consumer Confidence, Supply from UK, Italy & US, Earnings from EssilorLuxottica, Kering, LVMH, UniCredit, Unilever, Microsoft, Alphabet, Visa, Moody's & GE.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mostly higher amid a rally in Chinese stocks after the Politburo’s support pledges.European equity futures are indicative of a marginally softer open with the Euro Stoxx 50 -0.1% after the cash market closed down by 0.2% yesterday.DXY is a touch softer but remains on a 101 handle, EUR/USD is stuck below 1.11, AUD marginally outperforms.Crude futures held on to most of their recent spoils after climbing to 3-month highs amid China's stimulus hopes.Looking ahead, highlights include German Ifo, US Consumer Confidence, Supply from UK, Italy & US, Earnings from EssilorLuxottica, Kering, LVMH, UniCredit, Unilever, Microsoft, Alphabet, Visa, Moody's & GE.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

ECB policy announcement due Thursday 27th July; rate decision at 13:15BST/08:15EDT, press conference from 13:45BST/08:45EDTConsensus and market pricing look for a 25bps hike, taking the deposit rate to 3.75%Focus will fall on clues over the ECB's tightening ambitions beyond JulyRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are mixed with Flash PMIs flagging increased recession risks while Spain lags after Sunday’s stalemateStateside, futures modestly firmer with the NQ in-fitting ahead of the special rebalance coming into effectDXY benefits from EUR & GBP pressure on disappointing PMIs while JPY regroups after further sourcesCrude benchmarks bolstered by the initial readout from China’s Politburo; base metals relatively unreactive while XAU follows the USDEGBs bolstered on poor PMIs with USTs following suit ahead of front-loaded supply given the FOMCLooking ahead, highlights include US Flash PMIs, Supply from the US, Earnings from NXP SemiconductorRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mostly positive but with gains capped ahead of upcoming key risk events.European equity futures are indicative of a softer open with the Euro Stoxx 50 -0.3% after the cash market closed up by 0.4% on Friday.DXY tested 101 to the downside, EUR/USD and Cable sit on 1.11 and 1.28 handles respectively, JPY marginally outperforms.None of the individual parties, nor the left or right blocs were able to secure a majority in the Spanish parliamentary election.Looking ahead, highlights include EZ, UK & US Flash PMIs, Supply from the US, Earnings from NXP Semiconductor, Ryanair, Philips, Vodafone & Julius Baer.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Sun: Spanish Elections.Mon: EZ/UK/US Flash PMIs (Jul).Tue: German Ifo Survey (Jul), NBH Announcement, Richmond Fed (Jul).Wed: FOMC Announcement, Australian CPI (Jun).Thu: ECB Announcement, US GDP Advance/PCE (Q2).Fri: BoJ Announcement & Outlook Report, French Flash CPI (Jun), Spanish Flash CPI (Jun), EZ Business Confidence Survey (Jul), US PCE (Jun).Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

BoJ sources around YCC spark marked dovish reaction in JPY and JGBs, which has filtered through to broader assetsDXY back above 101.00 with USD/JPY testing 142.00; action which eroded GBP’s retail-driven upsideEuropean/US equity benchmarks relatively contained, Tech hit by SAP while NQ benefits from yield actionJGB upside briefly lifts peers with EGBs/USTs struggling for direction while Gilts slip on dataCrude largely resilient to the USD’s upside with base metals underpinned on Chinese stimulus, XAU pressuredLooking ahead, highlights include Canadian Retail Sales. Earnings from American Express & SchlumbergerRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US stocks mostly tumbled with the declines led by the Nasdaq 100 which posted its second worst day of the year.APAC stocks were mixed as further support efforts from China partially offset the headwinds from Wall St.European equity futures are indicative of a softer open with the Euro Stoxx 50 -0.3% after the cash market closed up by 0.3% yesterday.DXY held onto yesterday's gains, EUR/USD and Cable sit on 1.11 and 1.28 handles respectively, USD/JPY choppy post-Japanese CPI.Looking ahead, highlights include UK Retail Sales, Earnings from Danske Bank, Evolution AB, American Express & Schlumberger.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are firmer though TSMC’s results have pressured Tech and the Euro Stoxx 50/AEX by extension; SAP due todayStateside, NQ lags given pre-market downside in NFLX & TSLA post-earningsAUD bolstered by jobs data, Yuan rebounds and EUR underpinned by yields with DXY driftingCore benchmarks pullback as Wednesday’s Gilt-driven move eases; yields firmer, short-end leadingCrude is little changed while Ags. are supported by Russia-Ukraine updatesLooking ahead, highlights include US IJC, Philly. Fed, Existing Home Sales, EZ Consumer Confidence, CBRT & SARB Policy Announcements. Earnings from SAP.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mixed following on from the choppy performance stateside as participants digested data and corporate earnings.Apple (AAPL) is racing to develop its own generative AI tools to catch OpenAI, according to Bloomberg.European equity futures are indicative of a slightly softer open with the Euro Stoxx 50 -0.2% after the cash market closed down by 0.2% yesterday.DXY sits just above the 100 mark, AUD leads the majors post-jobs data, EUR/USD reclaimed 1.12, CNY supported  Looking ahead, highlights include US IJC, Philly Fed, Existing Home Sales, EZ Consumer Confidence, CBRT & SARB Policy Announcements, Supply from Spain, France & US, Earnings from SAP, ABB, JNJ, Abbott & Phillip Morris.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses & US futures are contained, with Real Estate leading while Base Resource names lagFTSE 100 outperforms after cooler-than-expected UK CPI, with Gilts bid, GBP dented and BoE pricing moving in favour of 25bpAs such, GBP lags to the USD’s benefit while JPY approaches 140.0 and antipodeans lagGilts outperform with an initial sympathy move for USTs and EGBs fading, the latter further after tepid supplyCrude benefits from refinery action while nat gas continues to slip; spot gold unchanged, base metals dentedLooking ahead, highlights include US Building Permits/Housing Starts, Speech from BoE's Ramsden, Supply from the US, Earnings from Netflix, Tesla, Goldman Sachs & IBM.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US stocks were bid with outperformance in the Russell 2000 amid strong gains in the regional banking ETF.APAC stocks were mixed as the ongoing China economic woes partially offset the constructive lead from Wall St.European equity futures are indicative of a slightly higher open with the Euro Stoxx 50 +0.2% after the cash market closed up by 0.3% yesterday.DXY has reclaimed the 100 level, EUR/USD maintains 1.12 status, JPY lags the majors with USD/JPY back on a 139 handle.Looking ahead, highlights include UK CPI, EZ HICP (Final), US Building Permits/Housing Starts, Speech from BoE's Ramsden, Supply from Germany, UK & US, Earnings from Netflix, Tesla, Goldman Sachs & IBM.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses & US futures are contained ahead of earnings and dataWithin Europe, pre-market action was dominated by Q2 updates with Novartis’ results lifting its sector & the SMIDXY remains pressured but has found support around Friday’s trough with EUR, GBP & JPY appreciatingFixed income has extended its recovery rally heading towards MTD peaks, though Gilts off best after weak issuanceUSD and risk supports gold while crude remains rangebound with catalysts lightLooking ahead, highlights include US Retail Sales, Business Inventories & Industrial Production, Canadian CPI & New Zealand CPI, Speeches from Fed's Barr. Earnings from Morgan Stanley & Bank of America.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mostly lower after the region failed to sustain the momentum from Wall St where tech and small caps outperformed.US President Biden is weighing new curbs on chips and semiconductor-making devices, according to Bloomberg.European equity futures are indicative of a slightly higher open with the Euro Stoxx 50 +0.1% after the cash market closed down by 1.0% yesterday.DXY remains sub-100.00, EUR/USD hovers around 1.1250, Cable is eyeing a test of 1.31 to the upside.Looking ahead, highlights include US Retail Sales, Business Inventories & Industrial Production, Canadian CPI & New Zealand CPI, Speeches from Fed's Barr, Supply from UK & Germany, Earnings from Novartis, Ocado, Morgan Stanley & Bank of America.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European risk tone is hampered by mixed China data and subsequent cuts to the nations FY23 growth view by various desksStateside, action is more contained with the docket relatively sparse ahead of Tuesday’s key earnings & with Fed blackout underwayCrude benchmarks have returned to APAC lows on China & resumption of Libyan production, intersected by marked upside on a since withdrawn alertUSD is pressured with havens outperforming though antipodeans are the marked underperformers after data and Treasury commentaryFixed income has been volatile, benchmarks now at the top-end of parameters with yields lower across the curveLooking ahead, highlights include US NY Fed Manufacturing, Speeches from ECB’s Elderson, US Treasury Secretary Yellen.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks began the week subdued as participants digested mixed economic growth and activity data from China.Chinese GDP was firmer than expected QQ but disappointed YY, while Industrial Production topped estimates and Retail Sales missed.European equity futures are indicative of a lower open with the Euro Stoxx 50 -0.5% after the cash market closed up by 0.2% on Friday.DXY is contained just below the 100 mark, EUR/USD has maintained 1.12 status, antipodeans slightly lag peers.Crude futures were on the back foot with early headwinds from the resumption of production at Libya's largest oil field.Looking ahead, highlights include US NY Fed Manufacturing, Speeches from ECB’s Lagarde, Lane & Elderson, Earnings from Richemont & Charles Schwab.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses & US futures are relatively contained ahead of Fed speak and banking earningsWithin Europe, Telecoms lag after updates from Ericsson and NokiaDXY struggles for direction just above 99.75 with peers mixed & JPY retreatingCore fixed benchmarks diverge slightly as EGBs/Gilts extend while USTs slip ahead of dataCommodities are generally contained with catalysts thin after a week of USD-driven upsideLooking ahead, highlights include US Import & Export Prices, UoM Sentiment (Prelim), US Treasury Dealer Meeting Agenda. Earnings from JPMorgan, Wells Fargo, BlackRock & Citigroup. Fed's Goolsbee.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mostly higher after the positive lead from Wall St where yields continued to decline post-PPI.Fed's Waller (voter) said the Fed will likely need two more 25bps hikes this year and he favours raising rates at the July FOMC.European equity futures are indicative of a slightly lower open with the Euro Stoxx 50 -0.1% after the cash market closed up by 0.7% yesterday.DXY remains on a 99 handle, EUR/USD and Cable gain a firmer footing above 1.12 and 1.31 respectively.Looking ahead, highlights include US Import & Export Prices, UoM Sentiment (Prelim), Swedish CPI, US Treasury Dealer Meeting Agenda, Earnings from UnitedHealth, JPMorgan, Wells Fargo, BlackRock & Citigroup.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses & US futures are firmer as the post-inflation action continues ahead of IJCDXY extends the post-inflation decline towards 100.00 amid a further retreat in yieldsAntipodeans outperform, EUR & GBP also bid; as above, fixed benchmarks continue to climbCrude inches higher with attention on Urals while spot gold is more contained but base metals extendLooking ahead, highlights include US IJC, ECB Minutes, OPEC OMR, Supply from the US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded higher as the region reacted to the softer-than-expected US inflation data while weaker-than-expected Chinese trade data failed to dampen the spirit.European equity futures are indicative of a slightly higher open with the Euro Stoxx 50 +0.1% after the cash market closed up by 1.7% yesterday.DXY sits at its lowest level in over a year, EUR/USD and Cable maintain 1.11 and 1.30 status respectively, antipodeans lead.Fixed income markets remain supported post-CPI, Crude futures continued to edge higher owing to the upbeat risk tone.Looking ahead, highlights include UK GDP, EZ Industrial Production, US IJC, ECB Minutes, IEA OMR, Supply from Italy & US, Earnings from PepsiCo.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are firmer across the board with Tech leading after favourable broker actionUS futures in the green but more contained ahead of CPI and Fed speakDXY continues to wane after losing 101.50, with JPY outperforming while antipodeans wane after Central Bank activityCore fixed income is modestly firmer as the recovery rally resumes and yields slip with the US belly heavyCommodities inch higher on the softer USD, but capped pre-inflationLooking ahead, highlights include US CPI, BoC Policy Announcement, Fed's Barkin, Kashkari, Bostic & Mester, ECB's Lane, BoC's Macklem & Rogers, Supply from the US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mixed with the region cautious heading into today’s key US inflation data.European equity futures are indicative of a higher open with the Euro Stoxx 50 +0.4% after the cash market closed up by 0.7% yesterday.DXY slipped to a fresh two-month low as USD/JPY moved back below 140 and a firmer PBoC CNY fix, NZD is stronger post-RBNZ.RBNZ kept the OCR unchanged at 5.50% as expected and agreed that the OCR will need to remain at a restrictive level for the foreseeable future.Looking ahead, highlights include US CPI, BoC Policy Announcement, Fed's Barkin, Kashkari, Bostic & Mester, ECB's Lane, BoC's Macklem & Rogers, Supply from Germany, UK & US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses remain firmer but off best levels as sentiment slips throughout the morningStateside, futures in-fitting though action has been more contained and they remain much closer to Unch.DXY fails to benefit from the pullback in risk appetite as CHF and JPY outperform with UST yields pulling back, EUR unreactive to weak ZEWCore benchmarks are bid, with Gilts in-fitting despite hawkish wage metricsCrude has succumbed to the above move while precious and base metals prove more resilientLooking ahead, highlights include Fed Discount Rate Minutes, NATO Summit & EIA STEO, Speech from Fed's Bullard, Supply from the US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mostly positive following the tailwinds from the US while participants also reflected on China's support efforts.European equity futures are indicative of a higher open with the Euro Stoxx 50 +0.3% after the cash market closed up by 0.5% yesterday.DXY has extended further beneath 102, EUR/USD is back above 1.10, JPY leads the majors with USD/JPY below 141.Crude futures were marginally firmer owing to the risk tone, USTs slightly extended on gains ahead of US CPI data.Looking ahead, highlights include UK Jobs report & German ZEW Survey, Fed Discount Rate Minutes, NATO Summit & EIA STEO, Speech from Fed's Bullard, Supply from Netherlands, Germany & US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are firmer across the board but diverging with their US peers currentlyUSD regains poise with Antipodeans fading and EUR noting OpEx; Scandis lead on CPI & MinutesCore fixed benchmarks are lower despite fleeting bounces ahead of data & several speakersCrude benchmarks remain softer post-Chinese CPI, base metals in-fitting while spot gold is more containedYellen said the US & China made some progress at the bilateral meetingLooking ahead, highlights include Chinese M2, NY Fed SCE; Speeches from BoE's Bailey, Fed’s Barr, Daly, Mester & Bostic.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mostly positive albeit with gains capped for many of the regional bourses.US equity futures lacked excitement as participants look ahead to this week's risk events including US CPI data; European equity futures are indicative of a lower open.The latest Chinese inflation data missed estimates with zero consumer inflation in the mainland and a deeper contraction in factory gate prices.US Treasury Secretary Yellen had a candid, in-depth, pragmatic, and constructive exchange with Chinese Vice Premier He Lifeng.Looking ahead, highlights include Norwegian CPI, EZ Sentix, Chinese M2, NY Fed SCE, Riksbank Minutes, and Speeches from BoE's Bailey, Fed’s Barr, Daly, Mester & Bostic.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

MON: Riksbank Minutes, Bank of Israel Announcement, Chinese Inflation (Jun), Norwegian CPI (Jun), Chinese New, Yuan Loans (Jun)TUE: EIA STEOWED: BoC Announcement, RBNZ Announcement, German CPI Final (Jun), UK Jobs Data (May/Jun), German ZEW Survey (Jul), US CPI (Jun)THU: ECB Minutes, BoK Announcement, OPEC MOMR, IEA OMR, EU-Japan summit, UK GDP (May), US PPI final Demand (Jun)FRI: US University of Michigan Prelim. (Jul), German Wholesale PriceRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourse began in the red, but have since moved modestly into the green; US futures remain softer pre-NFPJPY continues its comeback as spreads tighten to the detriment of the USD, index tethered to 103.00Fixed income has resumed its downward trajectory despite initial two-way action, benchmarks currently at lowsCrude is firmer and benefitting from the USD downside and the week’s OPEC/Saudi remarksLooking ahead, highlights include the US NFP Report, Speeches from ECB's Lagarde, Nagel & BoE's Mann.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mostly lower amid spillover selling from global peers including in the US where the major indices were pressured.DXY remained confined to within a narrow range as price action calmed down from yesterday’s fluctuations, USD/JPY traded on both sides of the 144.00 level.European equity futures are indicative of a slightly higher open after the Euro Stoxx 50 cash closed down by 2.9% yesterday.Some key purchasers of Saudi Arabia's crude in Asia and Europe are seeking lower volumes for next month after the kingdom hiked official prices and extended output cuts, according to Bloomberg.Looking ahead, highlights include German Industrial Production, US NFP Report, Canadian Jobs Report Speeches from ECB's Lagarde & de Guindos.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses and US futures are pressured as growth concerns draw focus before key US dataCyclicals lag while defensives outperform, but remain red; Meta is bolstered as Threads launchesDXY slips post-Minutes while USD/JPY reverses through 144.00 and Antipodeans lead despite risk aversionGilts gap lower as BoE tightening expectations continue to lift, EGBs and USTs in-fitting with yields lifting furtherCrude holds onto modest upside while spot gold benefits from the USD and risk, factors which are denting base peersLooking ahead, highlights include US ADP, US S&P Services PMI, US ISM Services PMI, US EIA Crude Stocks, Speeches from Fed's Logan.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mostly lower following the post-Independence Day hangover in the US owing to recent weak global data releases and a rising yield environment.The FOMC Minutes provided little to deviate from the current view of future rate increases - almost all participants judged it appropriate or acceptable to leave the target rate unchanged at the June meeting.Fed's Williams (voter) said he is not content with where inflation is right now, and that a June rate pause was the right move, but future hikes are still in play.DXY held on to the prior day’s gains owing to the upside in yields and after the FOMC Minutes, USD/JPY pulled back from its recent advances, and Antipodeans reversed early gains.Looking ahead, highlights include German Industrial Orders, EZ Retail Sales, US ADP, US S&P Services PMI, US ISM Services PMI, US EIA Stocks, Speeches from Fed's Logan, UAE Energy Minister, supply from Spain and France.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are in the red after bleak EZ and Chinese PMI data, US futures similarly downbeat pre-FOMC MinutesCrude initially pressured on the above but lifted by Saudi commentary from the OPEC+ seminarDXY remains in close proximity to 103.00, with JPY benefitting from a broader yield pullback while EUR slips post-PMIsFixed income is bid, following data and strong UK and German supply; yields lower, short-end leadingLooking ahead, highlights include US Durable Goods & Factory Orders, FOMC Minutes, OPEC International SeminarRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mostly lower following the holiday lull stateside and as participants digested the latest Chinese Caixin Services PMI data.DXY eked mild gains and retained the 103.00 status with price action rangebound after the Independence Day celebrations in the US.Crude futures faded some of the prior day's gains amid the mostly risk-averse mood in Asia, while the focus turns to the OPEC International Seminar.Chinese President Xi personally warned Russian President Putin against using a nuclear weapon in Ukraine, according to FT citing Western and Chinese officials.Looking ahead, highlights include EZ/UK Services Final PMI, US Durable Goods & Factory Orders, FOMC Minutes, OPEC International Seminar, Speeches from Saudi and UAE Energy Ministers, and Supply from UK & Germany.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mixed with the regional bourses mostly rangebound amid the holiday-thinned conditions statesideDXY traded rangebound, EUR/USD and GBP/USD lacked direction, USD/JPY was choppy, AUD slipped after the RBA.The RBA decided to keep rates on hold, but maintained a hawkish tone and kept the door open for future rate hikes.Two drones were intercepted in the Moscow region and one in the Kaluga region, according to Russian press.Looking ahead, highlights include Canadian PMI, US Independence Day Holiday.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are firmer with sectors similarly supported while US futures are incrementally higher pre-ISM and after a constructive APAC handoverTesla outperforms in the pre-market after record Q2 deliveries, TSLA +6.2%In FX the USD recovers post-Friday’s data while CHF lags post-CPI, EUR hit on PMIs and JPY dented as yield differentials widenCrude benchmarks were initially contained but have seen renewed upside on the Russian and Saudi production cut extensionsFixed benchmarks are choppy in thinned conditions with EGBs bid on data while USTs slip as yields continue to lift, short-end most pronouncedLooking ahead, highlights include US Manufacturing Final PMI, US ISM Manufacturing PMI.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks began the new trading month on the front foot with momentum from last Friday's rally on Wall Street; European equity futures are indicative of a marginally higher open.DXY was contained ahead of the thinned conditions stateside where markets will close early owing to tomorrow’s Independence Day celebrations.Chinese Caixin Manufacturing PMI topped forecasts for its second consecutive monthly expansion.US confirmed that Treasury Secretary Yellen will visit China on July 6th-9th for meetings with senior Chinese officials although a Treasury official already tempered expectations.Looking ahead, highlights include Swiss CPI, EZ/UK/US Final Manufacturing PMI, US ISM Manufacturing PMI.Holidays: Canada Observes Canada Day, US Early Closure ahead of Independence Day.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

MON: BoJ Tankan Survey (Q2), Chinese Caixin Manufacturing PMI Final (Jun), Swiss CPI (Jun), EZ/UK/US Manufacturing PMI Final (Jun), US ISM Manufacturing PMI (Jun)TUE: RBA Announcement, NBH Announcement, South Korean CPI (Jun), German Trade Balance (May),WED: FOMC Minutes, Chinese Caixin Services PMI Final (Jun), EZ/UK/US Services & Composite PMI Final (Jun), US Durable Goods R (May)THU: NBP Announcement, Australian Trade Balance (May), EZ Retail Sales (May), US ADP National Employment (Jun), US ISM Services PMI (Jun)FRI: German Industrial Output (May), US Jobs Report (Jun), Canadian Jobs Report (Jun)Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses trade on the front-foot with the Stoxx 600 on track to close the week out with gains, with little action seen on the EZ Flash CPI metrics.US equity futures are around flat/tilting higher ahead of today’s key PCE data for May, before traders head out for the long Independence Day holiday weekend.ASML does not expect the Dutch government's chip export measures to have a material impact on its financial outlook.China may announce more property market support measures although measures might be incremental, according to China Securities Journal.Looking ahead, highlights include US PCE, EU leaders’ meetingRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks mostly traded with cautious gains as participants digested a slew of data releases at quarter-end.Chinese Manufacturing PMI matched estimates and Non-Manufacturing PMI was slightly softer-than-expected although remained in a firm expansion.European equity futures are indicative of a slightly higher open with the Euro Stoxx 50 +0.1% after the cash market closed up 0.2% yesterday.DXY has held on to a bulk of yesterday's gains, EUR/USD remains sub 1.09, USD/JPY is back below 145.Looking ahead, highlights include Germany Retail Sales, France CPI (Prelim), EZ CPI (Flash), US PCE, Speeches from Riksbank's Bremen & Thedeen, Supply from Italy.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks mostly traded with cautious gains as participants digested a slew of data releases at quarter-end.Chinese Manufacturing PMI matched estimates and Non-Manufacturing PMI was slightly softer-than-expected although remained in a firm expansion.European equity futures are indicative of a slightly higher open with the Euro Stoxx 50 +0.1% after the cash market closed up 0.2% yesterday.DXY has held on to a bulk of yesterday's gains, EUR/USD remains sub 1.09, USD/JPY is back below 145.Looking ahead, highlights include Germany Retail Sales, France CPI (Prelim), EZ CPI (Flash), US PCE, Speeches from Riksbank's Bremen & Thedeen, Supply from Italy.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses trade with little in the way of firm direction following a similarly indecisive close on Wall Street yesterday.US equity futures are around flat with the ES holding above the 4400 mark.Fed Chair Powell revealed his expectations for Friday’s PCE data (Core PCE likely rose 4.7% Y/Y in May, overall PCE estimated to have risen 3.9%) and remarked that a strong majority of Fed policymakers see two or more rate rises by the end of this year.Fed said 23 banks tested showed projected losses of USD 541bln in stress tests but maintain capital ratios well above the required levels.Sweden’s Riksbank hiked by 25bps as expected, while forecasts expect at least one more hike this year and increased the pace of bond sales.Looking ahead, highlights include German CPI, US PCE Prices (Final), IJC & GDP (Final), remarks from BoE's TenreyroRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mixed amid some indecision heading closer towards month/quarter/half-year end and after the choppy performance stateside.US bank shares were marginally supported after-hours following the Fed's stress test results which all 23 of the largest banks passed.European equity futures are indicative of a flat open with the Euro Stoxx 50 +0.4% after the cash market closed up 0.9% yesterday.DXY is back on a 103 handle, EUR/USD slipped below 1.09, USD/JPY retained a footing above 144.50.Looking ahead, highlights include German CPI, Spain CPI, US PCE Prices (Final), IJC & GDP (Final), Riksbank Policy Announcement, remarks from Fed's Powell & Bostic, BoE's Tenreyro & ECB's de Cos.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses trade on the front foot as the region plays catch up to the afternoon gains on Wall Street.DXY defies gravity given negative rebalancing signals on spot month, Q1 and H1-end, as the index continued to pivot 102.50.Debt futures overcame several wobbles before establishing a more solid base to mount a firmer recovery from sub-par lows.WTI and Brent whipsawed between gains and losses this morning despite a lack of newsflow, but in the grander scheme, prices are choppy within tight ranges.US considers new curbs on AI chip exports to China amid some concerns China could use AI chips from Nvidia (-4% pre-market) and others for weapon development and hacking, according to WSJ.Looking ahead highlights include US Mortgage Applications, Speeches from ECB's Lagarde, Lane & Enria, BoE's Pill, Panel Participation by BoE's Bailey, ECB's Lagarde, Fed's Powell & BoJ's Ueda, Supply from the US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mixed and only partially sustained the momentum from Wall St. which was led higher by tech. Softer-than-expected monthly CPI data from Australia added to the bets for the RBA to keep rates unchanged at next week’s meeting.European equity futures are indicative of a marginally higher open with the Euro Stoxx 50 +0.4% after the cash market closed up 0.6% yesterday.DXY is a touch firmer above 102.50, AUD lags post-CPI, EUR losses stemmed by further hawkish ECB source reports.Highlights include EZ M3 Growth, Italian CPI (Prelim), US Mortgage Applications, Speeches from ECB's Lagarde, de Guindos, Lane & Enria,  BoE's Pill, Panel Participation by BoE's Bailey, ECB's Lagarde, Fed's Powell & BoJ's Ueda, Supply from UK & US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses have been edging lower throughout the morning despite the enthusiasm seen ahead of the cash open, with the ECB Sintra Forum underway.DXY is on a softer footing intraday with the range on either side of 102.50, whilst prelim rebalancing models tilt Dollar-negative.Debt futures have extended their pull-back from yesterday’s best levels to deeper lows.WTI and Brent futures have given up the mild gains seen in early European hours alongside a deterioration in risk sentiment.Overnight, Chinese state banks were spotted selling dollars in offshore currency markets to prop up the yuan, according to sources cited by Reuters.Looking ahead, highlights include US Durable Goods, Consumer Confidence, New Home Sales-Units, Canadian CPI, and supply from US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US stocks finished predominantly lower with underperformance in the Nasdaq, whilst small caps were resilient and the Russell 2000 closed in the greenAPAC stocks were mostly positive as the risk tone improved following the predominantly negative handover from the USEuropean equity futures are indicative of a marginally higher open with the Euro Stoxx 50 +0.3% after the cash market closed up 0.2% yesterdayDXY is a touch softer but holding above 102.50; downside coincided with a stronger CNH after the PBoC set a firmer-than-expected currency fixLooking ahead, highlights include US Durable Goods, Consumer Confidence, New Home Sales-Units, Canadian CPI, Speeches from ECB's Lagarde, Panetta, Elderson, Schnabel, BoE's Dhingra & Tenreyro, BoC's Kozicki, Supply from Netherlands, Italy & UK.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses trade on the backfoot following on from the soft close in the US on Friday with losses having picked up since the cash open.DXY is caged to a tight range on either side of 102.75, EUR looks heavy after bleak German Ifo data, and Yen is among the outperformers.Safe havens are bid across the board, with bonds, precious metals, JPY and CHF on firmer.German Ifo Economist said the likelihood that the German economy will shrink again in Q2 has increased.Wagner Group chief Prigozhin accepted a proposal by Belarusian President Lukashenko to stop the movement of his troops to Moscow.Looking ahead, highlights include ECB’s Lagarde speaking at the ECB Sintra Forum, and supply from the US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mostly subdued after Friday's losses on Wall St with weekend newsflow dominated by the brief uprising of the Wagner Group in Russia.Wagner Group chief Prigozhin accepted a proposal by Belarusian President Lukashenko to stop the movement of his troops to Moscow.European equity futures are indicative of a marginally higher open with the Euro Stoxx 50 +0.2% after the cash market closed down 0.8% on Friday.In FX, DXY is rangebound, EUR/USD lingers just above 1.09, Cable found a floor at 1.27 and NZD outperforms.Looking ahead, highlights include German Ifo Survey, ECB’s Lagarde Speaks at the ECB Sintra Forum, Supply from EU & US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

MON: BoJ SOO, German Ifo Survey (Jun)TUE: Canadian CPI (May)WED: ECB TLTRO-III.4 Operation Matures, German GfK (Jul), Italian CPI (Jun)THU: Riksbank Announcement, Japanese Retail Sales (May), EZ Sentiment Survey (Jun), German Prelim. CPI (Jun), US GDP Final (Q1) and PCE (Q1)FRI: Japanese Tokyo CPI (Jun), Chinese NBS PMIs (Jun), German Unemployment (Jun), EZ Flash CPI (Jun), US PCE (May), US Chicago PMI (Jun), and Uni. of Michigan Final (Jun)Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses trade on the backfoot with sentiment in the region subdued after the Flash PMIs sounded recessionary warnings.US equity futures are also lower on the session with the ES briefly dipping under 4,400.Havens (ex-CHF) are bid on the back of the risk aversion while industrial commodities take a hit on growth concerns.Fed's Barkin (non-voter) said he is comfortable with more hikes if inflation is not heading to the goal but he will not prejudge the July meeting, according to Reuters.Looking ahead, highlights include US PMI (Flash), Speeches from Fed's Bostic, Mester & ECB's Panetta, Schnabel and Elderson.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US stocks finished mixed. Nonetheless, the S&P 500 and Nasdaq 100 snapped their recent losing streaks with outperformance in the latterAPAC stocks failed to sustain an early positive bias and faltered following the mixed performance statesideEuropean equity futures are indicative of a softer open with the Euro Stoxx 50 -0.7% after the cash market closed down 0.4% yesterdayDXY is firmer and back above 102.50, EUR/USD extended its pullback from 1.10, USD/JPY sits on a 143 handle, antipodeans lagLooking ahead, highlights include EU, UK, US PMI (Flash), UK Retail Sales, Speeches from Fed's Bostic, Mester & Bullard, ECB's Lagarde, Panetta, Schnabel & Elderson.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses trade on the backfoot with selling pressure having picked up since the cash open; Chinese markets were closed overnight.US equity futures are also softer on the session, albeit to a lesser extent than European peers with the ES just about holding around the 4400 mark.SNB’s rate hike disappointed markets but matched analyst expectations while Norges opted for a larger-than-forecast rate hike and guided another hike in August.DXY sits in a tight range on either side of 102.00, EUR/USD eventually reclaimed 1.10+ status, with hefty in-the-money OpEx for the NY cut.Looking ahead, highlights include US IJC, Existing Home Sales, EU Consumer Confidence (Flash), BoE, CBRT & Banxico announcements, Speeches from Fed's Powell, Bowman, Barkin, ECB's de GuindosRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Fed Chair Powell, when asked about the two hikes pencilled into the dot plot, responded "That's a pretty good guess of what will happen".Fed's Bostic (non-voter) said that rates should stay where they are for the rest of the year.APAC stocks were mostly lower following the tech-led declines on Wall St and with risk appetite also constrained by key holiday closures.European equity futures are indicative of a softer open with the Euro Stoxx 50 -0.6% after the cash market closed down 0.5% yesterday.DXY remains supported by the 102 level, EUR/USD eyed 1.10 to the upside, cable hovers above 1.2750 pre-BoE.Looking ahead, highlights include US IJC, Existing Home Sales, EU Consumer Confidence (Flash), BoE, SNB, Norges, CBRT & Banxico announcements, Speeches from Fed's Powell, Bowman, Barkin & Waller, ECB's de Guindos & Panetta, SNB's Jordan & Norges Bank's Bache.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are indecisive with the main macro story of the session thus far coming via UK inflation metrics.GBP only knee-jerked higher on the hotter-than-expected CPI before shedding all and more of its gains on economic implications of further BoE tightening.DXY is firmer pre-Powell whilst the JPY is softer following more dovish BoJ commentary.US Treasuries have regained composure whilst Bunds saw a full recovery and Gilts trimmed a bulk of opening losses.Russian Defence Ministry says it has thwarted an attempt by Kyiv to launch an attack on the Moscow region with drones.Looking ahead, highlights include BoC Minutes, Speeches from Fed's Powell, Jefferson, Cook, Goolsbee, Mester & ECB's Schnabel, supply from the US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

BoE rate decision and minutes due Thursday 22nd June 2023 at 12:00BST/07:00EDTThe MPC is expected to deliver another 25bps hike; will likely be subject to dissentFocus will be on how committed the MPC is to further tighteningRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mostly lower in the absence of a lead from Wall St and as markets digested the PBoC’s cuts to its benchmark lending rates.As expected, China lowered its 1-year LPR after similar cuts to short-term funding rates but disappointed those anticipating a deeper 15bps cut for the 5-year LPR.European equity futures are indicative of a flat open with the Euro Stoxx 50 unchanged after the cash market closed down 0.7% yesterday.DXY is marginally firmer above 102.50, EUR/USD and USD/JPY sit on 1.09 and 142 handles respectively, AUD lags post-RBA minutes.Looking ahead, highlights include US Building Permits & Housing Starts, Speeches from Fed's Williams, Barr & Bullard, ECB's de Guindos & Rehn, Supply from UK & Germany.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mostly negative following last Friday's losses on Wall St, while risk appetite was also contained as markets digested US-China talks.The meeting between US Secretary of State Blinken and Chinese Foreign Minister Qin was said to be candid, substantive and constructive although it lacked any breakthroughs.European equity futures are indicative of a lower open with the Euro Stoxx 50 -0.7% after the cash market closed up 0.7% on Friday.DXY is contained, EUR/USD and Cable sit on 1.09 and 1.28 handles respectively, JPY leads the majors, antipodeans lag.Looking ahead, highlights include ECB SOMA, Speeches from ECB’s Lane, Schnabel & de Guindos. US markets are closed. Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

MON: US Juneteenth Market HolidayTUE: PBoC LPR Announcement, RBA Minutes, NBH Announcement, German PPI (May), US Building Permits (May)WED: BoC Minutes, BCB Announcement, CNB Announcement, UK Inflation (May), New Zealand Trade Balance (May)THU: BoE Announcement, SNB Announcement, Norges Bank Announcement, CBRT Announcement, Banxico Announcement, Bank of Indonesia AnnouncementFRI: Japanese CPI (May), UK Retail Sales (May), EZ/UK/US Flash PMIs (Jun)Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are firmer across the board and largely unphased by numerous ECB speakersStateside, futures post modest gains and await the likes of Fed’s Waller and Barkin as the blackout liftsDXY has lifted off-lows with Yen assisting post-BoJ while EUR pivots OpEx and GBP continues to advanceFixed income experiences a modest and perhaps technically driven revival alongside notably less explicit Holzmann commentaryCrude slips slightly while base metals lift on further Chinese stimulus, though copper bucks the trendLooking ahead, highlights include US Uni. of Michigan Sentiment Preliminary, ECB Repayment Publication, Speeches from Fed’s Waller, Barkin, ECB’s Lagarde, Villeroy & de Guindos.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded higher following the gains on Wall St where the major indices were lifted alongside a weaker dollar and softer yields.The BoJ refrained from any hawkish surprises and maintained its ultra-easy policy settings.European equity futures are indicative of a slightly higher open with the Euro Stoxx 50 +0.1% after the cash market closed down 0.3% yesterday.DXY is contained following yesterday's heavy losses, JPY is the laggard across the majors post-BoJ.Looking ahead, highlights include EZ CPI (Final), US Uni. of Michigan Sentiment Preliminary, ECB Repayment Publication, Speeches from Fed’s Waller, Barkin & Bullard, ECB’s Lagarde & de Guindos.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses & US futures trade on the backfoot post-FOMC and pre-ECBDXY propped up, AUD outperforms following a strong jobs report whilst NZD lags as it enters a recessionJPY majorly lags on the prospect of even wider BoJ-Fed divergence ahead of Friday’s meetingCore benchmarks slip and extend on post-Fed declines whilst European supply was well receivedBase/industrial metals dented on softer Chinese activity data despite a 10bp MLF cutLooking ahead, highlights include; ECB's Policy announcement, Lagarde Press Conference, US IJC, US Philly Fed Business Ind, US Retail Sales MM, US Industrial Production,  BoE's CunliffeRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

The Fed left rates unchanged as expected whilst revising the dot plots higher which are now indicative of two more 25bp hikes this year.Fed Chair Powell distanced himself from the dot plots in the press conference whereby he noted that projections are not a plan or a decision.US stocks finished mixed, APAC stocks traded mostly higher despite disappointing activity data from China; PBoC cut its 1-year MLF rates by 10bps.European equity futures are indicative of a softer open with the Euro Stoxx 50 -0.2% after the cash market closed up 0.7% yesterday.DXY has continued to claw back yesterday's losses, JPY is the standout laggard across the majors amid interest rate differential flows.Looking ahead, highlights include US IJC, Retail Sales, Industrial Production, New Zealand Manufacturing PMI, ECB Policy Announcement & Press Conference with ECB's Lagarde, Supply from Spain & France.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Equity bourses are firmer with the general risk tone constructive pre-FOMCUSD continues to wane and nears 103.00 to the modest benefit of peers, Antipodeans lead G10sGBP is firmer post-GDP while EUR/USD is drawn to hefty 1.08 expiriesUSTs bid before the Fed, Bunds slip after soft issuance and Gilts attempt to recoup from recent pressureCrude consolidation continues, metals are mixed with fresh drivers limitedLooking ahead, highlights include US PPI. FOMC Policy Announcement & Fed Chair Powell's Press Conference.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were somewhat mixed with the region's bourses mostly tentative despite gains on Wall Street.US stocks were firmer after the latest CPI data all but confirmed the likelihood of an unchanged Fed rate.European equity futures are indicative of a softer open with the Euro Stoxx 50 -0.1% after the cash market closed up 0.7% yesterday.DXY is contained ahead of the FOMC, EUR/USD lingers below 1.08, GBP/USD maintains 1.26 status.Looking ahead, highlights include US PPI, EZ Industrial Production, UK GDP Estimate, Sweden CPI, FOMC Policy Announcement & Fed Chair Powell's Press Conference, Supply from Germany.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

To download the report, please click here If you would like to subscribe to receive the research sheets directly in your inbox, you can now do so under the Research Suite section of the portal. To subscribe simply check the box next to "Email these reports" under the desired category. Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

To download the report, please click here If you would like to subscribe to receive the research sheets directly in your inbox, you can now do so under the Research Suite section of the portal. To subscribe simply check the box next to "Email these reports" under the desired category. Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses & US futures are firmer but off best levels in a continuation of Monday’s action and ahead of US CPINQ is the outperformer as the tech sector benefits from Oracle strength post-earningsUSD dips pre-inflation while GBP lifts post-jobs/wages, Yuan attempts to recover after PBoC actionGilts continue to lag, impacted by data, supply and BoE rhetoric while USTs are once again more containedCrude bid after a softer settlement, base metals and spot gold glean support from China action/reports and USD respectivelyLooking ahead, highlights include US CPI. Speeches from BoE's Bailey, Dhingra; US Treasury Secretary Yellen. Supply from the US. OPEC MOMR at 12:20BST/07:20ETRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks eventually traded mostly higher following the gains on Wall St where the S&P 500 and Nasdaq 100 notched fresh YTD highs.Nikkei 225 resumed its outperformance and breached the 33,000 level for the first time in over three decades.European equity futures are indicative of a higher open with the Euro Stoxx 50 +0.7% after the cash market closed up 0.6% yesterday.DXY is a touch softer in quiet trade, EUR/USD is capped by resistance ahead of 1.08, GBP awaits UK jobs metrics.Looking ahead, highlights include US CPI, UK Jobs Report, EU & German ZEW, Speeches from BoE's Bailey, Dhingra & ECB's Enria, Supply from Italy, UK, German & US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses & US futures are firmer despite a distinct lack of fresh drivers ahead of the week’s key eventsDXY wanes with Antipodeans firmer, EUR rebounding towards 1.08 and GBP bid post-HaskelGilts underperform generally subdued core benchmarks following BoE remarks while BTPs and JGBs buck the bearish trendCrude and base metals continue to slip with spot gold benefits from the softer USDChina’s Foreign Ministry says they have no information on a Blinken visitLooking ahead, highlights include US NY Fed SCE & supply from the US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mixed with the region mostly cautious at the start of a risk-packed week.US equity futures were flat overnight; European equity futures are indicative of a marginally higher open.DXY was marginally positive amid the cautious mood but with price action kept within a thin range; USD/JPY was indecisive after early upside.Several Chinese lenders cut yuan deposit rates from Monday which follows similar action by China's largest banks on Friday.Looking ahead, highlights include highlights include US NY Fed SCE, Supply from EU & US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

MON: NY Fed Survey of Consumer Expectations.TUE: OPEC MOMR, German Final CPI (May), UK Jobs Data (Apr/May), German ZEW Survey (Jun), US CPI (May).WED: FOMC Announcement, IEA OMR (2024 Forecast), UK GDP (Apr), Swedish CPIF (May), EZ Industrial Production (Apr), US PPI (May), New Zealand GDP (Q1).THU: ECB Announcement, PBoC MLF Announcement, Eurogroup meeting, Japanese Trade Balance (May), Australian Job Report (May), Chinese Retail Sales and Industrial Production (May), US Philly Fed (Jun), US Retail Sales (May).FRI: BoJ Announcement, ECB TLTRO III.5-10 Repayment, EZ Final CPI (May), Uni. of Michigan Prelim. (Jun), Quad Witching.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses & US futures are contained with newsflow limited and the docket ahead sparseUSD/JPY lifted by dovish BoJ sources with the DXY firmer and above 103.50, Yuan hit on soft CPIFixed benchmarks relatively rangebound into the weekend and looking to next week’s key eventsCrude pivots particularly narrow parameters while XAU slips and base metals grind higherUS Secretary of State Blinken's long-delayed Beijing trip is now in planning for next week, according to Politico.Looking ahead, highlights include Canadian Jobs Data.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mostly higher following the gains on Wall St where the S&P 500 entered a bull market and tech outperformed.European equity futures are indicative of a marginally higher open with the Euro Stoxx 50 +0.1% after the cash market closed up 0.1% yesterday.DXY is contained just below 103.50, EUR/USD sits around two week highs, USD/JPY has reclaimed 139 status.US Secretary of State Blinken's long-delayed Beijing trip is now in planning for next week, according to Politico.White House said the report that Iran and the US are nearing a deal on Iranian uranium enrichment and sanctions relief is false.Looking ahead, highlights include Canadian Jobs Data & Speech from ECB's de Guindos.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses & US futures are mixed flat with updates limited in quiet newsflowDXY continues to pullback below 104.00 with G10s firmer across the board and activity-FX outperformingCore benchmarks continue to pullback but are off session lows with USTs contained pre-IJC & refundingCommodities are similarly contained, with crude and key metals in thin ranges and following the wider risk toneLooking ahead, highlights include US IJC, SNB's Jordan & BoC's Beaudry.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mostly subdued following the mixed handover from Wall St where tech underperformed as global yields climbed.RBI kept the key Repo Rate unchanged at 6.50%, as expected, with the decision on rates unanimous.European equity futures are indicative of a weaker open with the Euro Stoxx 50 -0.5% after the cash market closed down 0.1% yesterday.DXY is flat and lingering just below the 104 mark, EUR/USD is back above 1.07, USD/JPY retreated below 140.Looking ahead, highlights include US IJC & Speech from SNB's Jordan.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are softer with the complex drifting post-open amid a lack of catalysts/driversStateside, action is in-fitting as we look to next week’s Tier 1 US events with the BoC looming in the interimDXY has drifted back to 104.00 as JPY benefits from lower US yields, AUD underpinned and CAD bidCore benchmarks have recouped from an initial reversal to/through prior closes; green Bobl and Gilt sales strongCrude benchmarks are firmer and back towards post-inventory levels as the USD dips and despite overnight trade data from ChinaUS Secretary of State Blinken is set to travel to China for talks in the coming weeksLooking ahead, highlights include BoC Policy AnnouncementRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks mostly gained following the positive handover from Wall St where the S&P 500 posted its highest close YTDChinese trade data mostly disappointed including the wider-than-expected contraction in dollar-denominated exportsEuropean equity futures are indicative of a marginally higher open with the Euro Stoxx 50 +0.2% after the cash market closed flat yesterdayDXY hovers just above the 104 mark, EUR/USD is capped by 1.07, USD/JPY continues to pull back from 140.Looking ahead, highlights include BoC Policy Announcement, remarks from ECB's de Guindos, Knot & Panetta, Supply from UK & Germany.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European equities trade with little in the way of firm direction, with US equity futures also hovering around the unchanged mark.RBA delivered a surprise 25bps rate hike and kept the door open for further policy tightening.China has reportedly asked the largest banks to cut deposit rates to boost the economy.Ukraine's State Atomic Agency said the destruction of the Kakhova dam poses a risk to the Zaporizhzhia nuclear power plant, but does not consider the situation to be critical right now.In FX, DXY is back above 104.00, AUD outperforms, JPY is resilient on yield differentials, and EUR/USD lost 1.07 status.Looking ahead, highlights include Canadian Ivey PMI and ECB's CentenoRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mixed with price action mostly rangebound following on from the subdued performance stateside.Apple (AAPL) announced its new VR headset, Apple Vision Pro, which augments reality with the real world.RBA delivered a surprise 25bps rate hike and kept the door open for further policy tightening.European equity futures are indicative of a contained open with the Euro Stoxx 50 flat after the cash market closed down 0.7% yesterday.DXY remains sub-104, AUD leads post-RBA, EUR/USD holds onto the 1.07 handle.Looking ahead, highlights include EZ Retail Sales, Supply from UK, Germany & EU syndication.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European equities trade flat following Friday’s solid session for the region, FTSE 100 narrowly outperforms; US equity futures are flatSaudi Arabia announced it is to cut an additional 1mln bpd of oil output in July; all other OPEC+ producers agreed to extend earlier cuts through to the end of 2024Saudi’s Energy Minister said will keep the markets in suspense on whether the additional voluntary cut for July will be extendedDXY maintains a bullish momentum above 104.00, US Treasuries remain underwater, WTI sees post-OPEC gainsLooking ahead, highlights include US ISM Services PMI, Speeches from ECB’s Lagarde, Wunsch & Fed’s Mester, EU syndication announcementRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mostly positive amid momentum from Friday's post-NFP gains on Wall Street and strong Chinese Caixin Services and Composite PMIs.Saudi Arabia announced it is to cut an additional 1mln bpd of oil output in July; all other OPEC+ producers agreed to extend earlier cuts through to the end of 2024.Saudi’s Energy Minister said will keep the markets in suspense on whether the additional voluntary cut for July will be extended.European equity futures are indicative of a softer open with the Euro Stoxx 50 -0.2% after the cash market closed up 1.6% on Friday.DXY holds above the 104 mark, EUR/USD has oscillated around 1.07, USD/JPY reclaimed 140.Looking ahead, highlights include Swiss CPI, EZ Final Services and Composite PMIs, US ISM Services PMI, Speeches from ECB’s Lagarde, Wunsch & Fed’s Mester, Supply from EU Syndication.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

SUN: OPEC+ Meeting.MON: Chinese Caixin Services PMI (May), German Trade Balance (Apr), Swiss CPI (May), Turkish Inflation (May), EZ/UK/US Final Services and Composite PMIs (May), EZ Sentix Index (May), US Durable Goods (R), ISM Services PMI (May).TUE: RBA Announcement, NBP Announcement, EIA STEO, EZ/UK Construction PMI (May), EZ Retail Sales (Apr).WED: BoC Announcement, Australian Real GDP (Q1), Chinese Trade Balance (May), German Industrial Production/Output (Apr), US Goods Trade Balance (R) (Apr), Canadian Trade Balance (Apr), US-UK Meeting in Washington.THU: RBI Announcement, Japanese GDP (Q1), EZ GDP (R) and Employment Final (Q1), US-UK Meeting in Washington.FRI: CBR Announcement, Chinese Inflation (May), Norwegian Inflation (May), Canadian Jobs Report (May).Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European equities trade on the front foot following the Senate passage of the debt ceiling billUS Senate voted 63-36 to pass the US debt ceiling bill, which sends it to President Biden's deskDXY oscillates in a tight range on either side of 103.50 ahead of the US jobs reportIndustrial commodities are boosted by source reports that China is reportedly mulling a property-market support package to bolster the economyLooking ahead, highlights include US Labour Market Report, Rating Reviews for Germany, France & UKRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US Senate voted 63-36 to pass the US debt ceiling bill, which sends it to President Biden's desk.APAC stocks traded higher as the region took impetus from Wall St where the S&P 500 and Nasdaq climbed to 9-month highs.Fed's Harker (voter) said the Fed does not have to keep moving rates up and thinks they should at least skip raising rates in June.European equity futures are indicative of a higher open with the Euro Stoxx 50 +0.5% after the cash market closed up 0.9% yesterday.DXY lingers just above 103.50, antipodeans outperform, EUR/USD and Cable sit comfortably on 1.07 and 1.25 handles respectively.Looking ahead, highlights include US Labour Market Report, Rating Reviews for Germany, France & UK.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are firmer as sentiment improves after the US House vote & Chinese Caixin PMIStateside, futures are more contained as debt focus turns to the Senate and potential amendment votesDXY subdued after Wednesday’s Fed remarks with attention turning to US data before Friday’s NFPFlash EZ HICP spurred little sustained reaction, as it chimes with regionals; debt benchmarks dip after month-endCommodities are generally firmer given the Chinese data though crude has pared much of this sinceLooking ahead, highlights include US ISM Manufacturing PMI, Challenger Layoffs, ADP, IJC, Manufacturing PMI. ECB Minutes. Remarks from Fed's Harker & ECB's Enria.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mostly positive after the US House passed the debt ceiling bill to avert a default which now moves to the SenateChinese Caixin Manufacturing PMI data partially atoned for yesterday’s weak official PMI readings.European equity futures are indicative of a higher open with the Euro Stoxx 50 +0.7% after the cash market closed down 1.7% yesterday.DXY is a touch firmer on a 104 handle, EUR/USD remains stuck below 1.07, NZD and AUD diverge.Looking ahead, highlights include US ISM Manufacturing PMI, Challenger Layoffs, ADP, IJC, EZ Flash CPI & Unemployment Rate, EZ, US & UK Manufacturing PMIs, ECB Minutes, BoE DMP, remarks from Fed's Harker, ECB's Lagarde & Enria, Supply from Spain & France.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses & US futures are softer after a weak APAC handover on PMIs and despite softer inflation data DXY lifted to a new WTD best as EUR succumbs on CPI, Yuan drifts on data and Mester remains hawkishEGBs bid on softer-than-expected inflation metrics from German states and France, though upside briefly capped by the latest Italian figuresCrude continues to crumble while base metals are dented by soft Chinese data, conversely Gold remains relatively resilientUS House Committee voted to advance the debt ceiling bill, will now go to the full House for approvalLooking ahead, highlights include US JOLTS & Chicago PMI, German Preliminary CPI. Speeches from ECB's Lagarde, BoE's Mann, Fed's Bowman, Jefferson, Harker & CollinsRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mostly lower following the mixed handover from Wall St where sentiment was clouded as hardliners voiced opposition to the debt ceiling bill.US House Committee voted 7-6 to advance the debt ceiling bill which sends it to the full House for approval.European equity futures are indicative of a softer open with the Euro Stoxx 50 -0.4% after the cash market closed down 0.7% yesterday.Chinese Manufacturing and Non-Manufacturing PMI data disappointed in which the former printed at its weakest reading YTD.DXY is firmer and back on a 104 handle, EUR/USD and Cable linger below 1.07 and 1.24 respectively, antipodeans lag.Looking ahead, highlights include US JOLTS & Chicago PMI, French, Italian & German Preliminary CPI, German Unemployment, Chinese NBS PMIs, ECB Financial Stability Review, remarks from ECB's Lagarde, Fed's Bowman, Jefferson, Harker & Collins, Supply from Germany.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are mixed after a morning of choppy price action; IBEX outperforms on inflation numbersStateside, futures are bid after an in-principal debt ceiling agreement with the NQ outperforming as NVDA leads in the pre-marketDXY briefly surmounted 104.50 but has since receded as Kanda-induced JPY pressure abates and GBP surpasses 1.24EGBs/USTs extend after soft EZ data and Spanish inflation, fresh highs occurring after well-received periphery supplyCrude remains pressured with updates slim ahead of the 4th June OPEC+ though Novak is meeting oil firms todayLooking ahead, highlights include Speeches from Fed’s Barkin & ECB’s Centeno, Holzmann, VilleroyRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US President Biden reached a budget agreement in principle with House Speaker McCarthy to raise the debt limit by 19 months until 1st January 2025In FX, DXY initially softened overnight alongside a downtick in US yields but then recovered against its major peers and as the CNY continued to depreciate; US equity futures saw mild gainsIn geopolitics, Russia launched a large drone attack on Kyiv over the weekend, while it was recently reported two residential buildings in Russian capital Moscow were hit by drones, according to RIATurkish President Erdogan won the election runoff on Sunday - Turkish Lira hit a fresh record low against the Dollar; elsewhere Spanish PM Sanchez called a snap general electionLooking ahead, highlights include, Swiss KOF, Spanish Flash HICP, EZ Economic Sentiment & Consumer Confidence (Final), Speeches from Fed’s Barkin & ECB’s Centeno, Supply from ItalyRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

MON: US Memorial Day, UK Late May Bank Holiday.TUE: Japanese Labour Market Report (Apr), EZ Sentiment Survey (May).WED: Japanese Retail Sales (Apr), Chinese Official PMIs (May), Australian CPI (Apr), French, Italian, German Prelim CPI (May), German Unemployment (May), Canadian GDP (Q1).THU: ECB Minutes, CBRT Minutes, South Korea Import/Exports Growth (May), Chinese Final Caixin Manufacturing PMI (May), German Retail Sales (Apr), EZ/UK/US Final Manufacturing PMIs (May), EZ Flash CPI (May), US ADP National Employment (May), US ISM Manufacturing PMI (May), New Zealand Terms of Tade (Q1).FRI: US Labour Market Report (May).Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Risk tone has slipped as we await substantive debt ceiling updates into the long weekendDXY is softer, but remains above 104.00, with CHF and JPY outperformingEGBs/Gilts slipped on UK Retail data, but have since pared with USTs bid on the above toneCommodities edging higher given the USD and XAU benefitting from sentimentMcCarthy said there was no agreement Thursday; will stay to continue work. Biden said they were near a deal to lift the ceilingLooking ahead, highlights include US PCE Price Index & Durable Goods.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mixed following the mild positive bias stateside where the tech sector surged on Nvidia’s blockbuster reportNikkei 225 outperformed, US equity futures were rangebound, and European equity futures are indicative of a flat openUS President Biden and House Speaker McCarthy are said to be near a deal that would raise the debt ceiling for two years and cap spendingUS House Speaker McCarthy said there was no agreement on Thursday and he will stay at the Capitol to continue to work this weekendLooking ahead, highlights include UK Retail Sales, US PCE Price Index, Durable Goods, Speeches from ECB's Lane, Enria & RBNZ's Orr, Supply from the UKRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

NQ outperforms post-NVDA, with Europe deriving upside in tandem though capped after German GDP revisionsStateside, debt ceiling concerns continue with focus on Fitch though journalist updates since have been somewhat constructive on talksUSD remains dominant with the DXY above 104.00 with NZD descending further after Orr’s remarksEGBs/USTs continue to slip though Gilts remains the standout laggard in a continuation of the UK-CPI moveBearish crude action on growth concerns and after Novak’s remarks ahead of the June 4th OPECLooking ahead, highlights include US IJC, GDP (2nd), PCE Prices Prelim., CBRT & SARB Policy Announcements, Speeches from BoE's Haskel, ECB's Lane, Wunsch, Makhlouf & Vujcic,  Fed's Barkin & Collins, Supply from the US. Earnings from Ralph Lauren.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mostly lower with the region cautious after the losses on Wall St owing to debt ceiling fears, whilst Fitch placed the US on Credit Watch Negative.Nasdaq futures surged as NVIDIA (NVDA) shares rallied almost 25% after the close as earnings and forecasts beat expectationsThe FOMC May minutes were in fitting with recent Fed commentary and showed that officials were somewhat split on support for more rate hikesEuropean equity futures are indicative of an open with a slight upward bias; Euro Stoxx 50 +0.1%Highlights include US IJC, GDP (2nd), PCE Prices Prelim., German GfK, CBRT & SARB Policy Announcements, Speeches from BoE's Haskel, ECB's Lane, de Guindos, Wunsch, Makhlouf & Vujcic, Fed's Barkin & Collins, Supply from Italy & US, Earnings from Generali, United Utilities & Ralph Lauren.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are under marked pressure as headwinds mount while US futures are lower but more contained awaiting debt ceiling developmentsOverall, updates via journalists this morning are skewed to the downside on a near-term agreementHawkish impulses were seen on hot UK CPI, with core fixed income pressured & BoE pricing liftingThough, Bunds & USTs have reverted back to modest positive territory as focus returns to potential US developmentsCrude continues to climb, XAU flat and base metals dented as attention remains on the weaker-than-expected Chinese reboundDXY is firmer and at highs as GBP gives up knee-jerk upside while NZD lags as RBNZ flags the end of its tightening cycleLooking ahead, highlights include FOMC Minutes (May). Speeches from ECB's Lagarde, BoE's Bailey & Fed's Waller. Supply from the US, Earnings from NVIDIA.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mostly lower following the negative lead from Wall St and amid US-China frictions.The US House China Select Committee Chair called for retaliation against China’s ban on Micron.US GOP Rep. McHenry said the top-line disagreement remains on spending and he cannot say when negotiations will resume.European equity futures are indicative of a lower open with the Euro Stoxx 50 -0.4% after the cash market closed down by 1.0% yesterday.DXY is a touch softer below the 103.50 mark, EUR/USD remains on a 1.07 handle, NZD lags post-RBNZ.RBNZ raised the OCR by 25bps as expected, but signalled the end of the hiking cycle with the peak rate forecast maintained at the current level.Looking ahead, highlights include UK CPI, German Ifo, FOMC Minutes (May), Speeches from ECB's Lagarde & Fed's Waller, Supply from Germany, UK & USRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

RBNZ expected to hike the Official Cash Rate by 25bps to 5.50% on Wednesday as forecast by 21 out of 25 economists surveyed by Reuters, while money markets are pricing a near coin flip between 25bps and 50bps.RBNZ surprised markets at the last meeting with a greater-than-expected 50bps rate increase, while the Committee also agreed it must continue to raise the OCR.Softer-than-expected CPI data and lower inflation expectations support the view of a downshift in the pace of tightening.Focus will also be on the statement for guidance and whether the Bank continues to signal further hikes, as well its forecast for the peak rate, while the RBNZ will hold a press conference one hour after the decision.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are pressured on continuing Manufacturing PMI softness alongside hawkish pricing implicationsStateside, futures are essentially flat as we await further substantive debt ceiling updates and remarks from Fed’s PowellBiden said he is optimistic on making debt ceiling progress; McCarthy described the meeting as a productive discussionDXY is underpinned and benefitting further from EUR & GBP weakness post-PMIs while the JPY bucks the trendCrude is attentive to key officials while metals are dented by the USD; Saudi Energy Minister said “I keep telling speculators they will be ouching” and they did in AprilFixed benchmarks are pressured on the hawkish PMI implications for the BoE & ECB; USTs directionally in-fittingLooking ahead, highlights include US PMIs (Flash), US Home-Sales. Speeches from Fed's Powell & Logan, ECB's Nagel, Villeroy & Enria. Supply from the US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were indecisive as participants digested the latest from the debt limit negotiations.US House Speaker McCarthy said he had a productive agreement with President Biden but they don't have an agreement yet.European equity futures are indicative of a flat open with the Euro Stoxx 50 Unch. after the cash market closed down by 0.2% yesterday.DXY is steady on a 103 handle, FX ranges are narrow across G10 FX, EUR/USD lingers just above 1.08.Looking ahead, highlights include US, UK & EZ PMIs (Flash), US Home-Sales, Speeches from Fed's Logan, ECB's de Guindos, Nagel, Villeroy & Enria, BoE's Bailey, Pill, Tenreyro & Mann, Supply from Netherlands, UK, Germany & US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are mixed/flat with US futures diverging slightly with the ES & NQ pressured by Meta and Micron.Broader focus remains firmly on the debt ceiling after constructive weekend updates ahead of an expected Biden-McCarthy talk today (time TBC).DXY holds above 103.00 with the CHF outperforming and peers otherwise generally containedEGBs remain bid with the periphery outperforming after Greek elections and rating updates for Portugal and IrelandCommodities are generally softer given the tone and USD strength alongside numerous geopolitical updatesKashkari (voter) said he is open to foregoing a June hike, would object to a declaration that they are done increasing ratesLooking ahead, highlights include EZ Consumer Confidence (Flash), Speeches from Fed’s Bullard, Bostic & Barkin, ECB’s Lane, Holzmann, Villeroy, de CosRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mostly positive but with price action rangebound amid cautiousness as the debt limit deadline draws closer.President Biden said his discussion with House Speaker McCarthy on Sunday went well and they will talk again on Monday.Fed’s Kashkari (voter) said he is open to foregoing a June rate hike but would object to any kind of declaration that they are done lifting rates.European equity futures are indicative of a flat open with the Euro Stoxx 50 +0.1% after the cash market closed up 0.6%, on Friday.DXY is steady above the 103 mark, EUR/USD retains 1.08 status with price action in FX markets broadly contained.Looking ahead, highlights include EZ Consumer Confidence (Flash), Speeches from Fed’s Bullard & Barkin, ECB’s Lane, de Guindos & Elderson, fixed income supply from EZRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

SUN: Greek ElectionsMON: PBoC LPR AnnouncementTUE: BoK Announcement, EZ/UK/US Flash PMIs (May), US Richmond Fed (May)WED: FOMC Minutes, RBNZ Announcement, UK Inflation (Apr), German Ifo Survey (May)THU: CBRT Announcement, SARB Announcement, German GDP (Q1), GfK Consumer Sentiment (Jun), US GDP 2nd (Q1)/PCE Prices (Q1)FRI: Japanese Tokyo CPI (May), UK Retail Sales (Apr), US PCE (Apr), University of Michigan Final (May)Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses/US futures are firmer with fresh drivers limited and the focus firmly on Fed speakDebt ceiling reports indicate steady progress is being made, a view echoed by White House officials; Biden to leave G7 dinner earlyUSD retreats from multi-weak peaks amid a Yuan revival to the benefit of G10s pre-PowellEGBs have seen two-way action but are holding off early German PPI-induced lows, USTs comparably more containedCommodities are benefitting from the USD’s downside with Crude towards Thursday’s best while XAU remains shy of USD 2k/ozLooking ahead, highlights include Speeches from ECB's Lagarde & Schnabel, Fed's Powell, Williams & Bowman. Moody's on Italy and S&P on S. AfricaRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mostly higher following the tech-led gains on Wall St where the Nasdaq outperformed and the S&P 500 printed a 9-month high.US President Biden held a call with the debt ceiling negotiation team and his team said that steady progress is being made in talks.European equity futures are indicative of a higher open with the Euro Stoxx 50 +0.4% after the cash market closed up 1.0% yesterday.DXY sits above the 103.50 mark following yesterday's advances, EUR/USD and Cable languish beneath 1.08 and 1.24 respectively.Looking ahead, highlights include German Producer Prices, ECB Economic Bulletin, Speeches from BoE's Haskel, ECB's Lagarde & Schnabel, Fed's Powell, Williams & BowmanRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses continue the positive Wall St/APAC action, with action slightly limited by Ascension DayStateside, futures edge into the green but are largely continuing sideways action ahead of WMT and substantive debt updatesDXY picks up to the detriment of peers as the Yuan falls further and AUD lags on jobs dataEGBs descend further with yield levels in focus while USTs are more contained pre-data/Fed speakCommodities are generally dented by the firmer USD with specifics lightLooking ahead, highlights include US IJC, Philadelphia Fed, Existing Home Sales, Speeches from Fed's Jefferson, Barr & Logan, BoE's Tenreyro. Earnings from Walmart. Europe Ascension Day Holiday (Limited Closures).Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk