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