APAC stocks were mostly subdued following the negative lead from the US alongside higher yields.European equity futures are indicative of a lower cash open with the Euro Stoxx 50 future -0.4% after the cash market closed lower by 2.3% on Tuesday.DXY remains above the 106 mark, USD/JPY has just crossed above the 155 level, EUR/USD sits just above 1.06.Bunds are lower, crude is marginally firmer, BTC has pulled back from its record...

Equities are on the backfoot; the RTY underperforms, paring some of the Trump-induced strength in the prior session.Dollar continues to advance higher, GBP on the backfoot following mixed jobs data which saw an uptick in unemployment but wages remain sticky.Bonds are mixed, USTs are flat ahead of several Fed speakers whilst Bunds are bid after poor German ZEW figures.Crude holds an upward bias, XAU/base metals are pressured by the...

APAC stocks were ultimately mixed and failed to sustain the momentum from Wall St.European equity futures are indicative of a negative cash open with the Euro Stoxx 50 future -0.9% after the cash market closed higher by 1.1% on Monday.DXY remains on the front foot, EUR/USD is stuck on a 1.06 handle, USD/JPY briefly moved above the 154 mark.Bitcoin was choppy overnight after the prior day's surge which lifted prices above the USD 89k level...

Equities are entirely in the green, with a strong European morning thus far; the RTY outperforms.DXY is on a firmer footing with the Trump Trade still in action, JPY underperforms following the BoJ SOO which highlighted the lack of urgency to hike.Bonds are mixed, with Bunds firmer amid suggestions that Chancellor Scholz could bring forward a vote of no-confidence; Treasury cash trade is closed on account of US Veterans Day.Crude slips on...

APAC stocks began the week mostly subdued following the recent China fiscal stimulus disappointment and softer-than-expected Chinese inflation data.European equity futures are indicative of a positive cash open with the Euro Stoxx 50 future +0.4% after the cash market closed lower by 1.0% on Friday.German Chancellor Scholz said he wouldn't have a problem with a vote of confidence before Christmas.DXY is steady and just above the 105 mark,...

European bourses are entirely in the red, with sentiment hit after China’s NPC press conference disappointed markets; US futures remain flat.DXY is slightly firmer, with the JPY strong whilst the Antipodeans lag given the lack of fresh stimulus measures from China.Bonds are on a firmer footing, with modest outperformance in Gilts and as USTs await Fed speak from Bowman & Musalem.Crude oil, XAU and base metals are all on the backfoot,...

APAC stocks were ultimately mixed despite the early momentum following the fresh record levels on Wall St and a bout of rate cuts by major central banks, with gains capped as participants awaited a potential Chinese fiscal stimulus announcement.FOMC cut rates by 25bps to 4.50-4.75%, as expected, in a unanimous decision and removed language about having gained greater confidence in inflation moving sustainably towards the 2% target. Fed Chair Powell said during the Q&A that the election...

European bourses are modestly firmer across the board, with US futures also slightly higher, but ultimately taking a breather following the significant strength in the prior session.Dollar is giving back recent gains, Antipodeans outperform attempting to claw back post-election losses amid resilience in China.USTs are a touch firmer awaiting today’s FOMC meeting, Bunds are the clear underperformer after the German coalition...

APAC stocks held a mostly positive bias as the dust settled from the US election, participants also digested Chinese trade data.European equity futures are indicative of a firmer cash open with the Euro Stoxx 50 future +0.3% after the cash market closed lower by 1.4% on Wednesday.DXY has pulled back onto a 104 handle with antipodeans leading the fight back vs. the USD, USD/JPY sits on a 154 handle.German Chancellor Scholz dismissed...

US Presidential Election results are indicative of a Trump victory and Republicans taking the Senate; House is too close to call.Equities soar with clear outperformance in the RTY with Trump poised to win the US election; Novo Nordisk +7.1% benefits after posting strong Q3 Wegovy sales.Dollar flies higher, DXY topped 105.00, before paring back to a current 104.90; EUR & JPY the clear underperformers amongst the G10s.USTs pressured and...

US Presidential Election results are indicative of a Trump victory and Republicans taking the Senate; House is too close to call.US futures have ripped higher, while European futures have been hit given the potential EZ growth implications.DXY is currently up 1.5% and has seen its largest jump since March 2020; EUR, JPY and antipodeans are suffering.In the fixed income space, US yields are higher across the curve with the curve...

European bourses are mixed and trading tentatively on either side of the unchanged mark; US futures are incrementally firmer/flat.Dollar is slightly softer on US election day, Antipodeans benefit from constructive Chinese PMIs and Aussie was fairly unreactive to an unsurprising hold at the RBA.USTs are essentially unchanged, Bunds are pressured alongside Gilts; the latter was weighed on by its 2034 auction.Upward bias across industrials...

APAC stocks were ultimately mixed with most major indices in the green after further encouraging Chinese PMI data.The RBA decision provided little surprise and the SoMP included a reduction in GDP and household consumption forecasts.US equity futures were rangebound, DXY was flat, and UST futures traded sideways as all eyes now turn to the US Presidential Election.European equity futures are indicative of an uneventful cash open with the...

European bourses generally trade very modestly in positive territory, alongside slight gains in US futures.PredictIt odds shifted over the weekend in favour of a Harris election victory; NYT/Siena final polls showed the race was deadlocked in 6/7 battleground states.USD is on the backfoot as a shift in polling in the US election towards Harris has seen a scaling back of "Trump trades" across the board.USTs benefit from a scaling back of...

APAC stocks began the week mostly positive but with the gains capped ahead of this week's major risk events including the US Presidential Election.PredictIt odds shifted over the weekend in favour of a Harris election victory; NYT/Siena final polls showed the race was deadlocked in 6/7 battleground states.European equity futures are indicative of a steady cash open with the Euro Stoxx 50 future +0.1% after the cash market closed higher by 1.0% on...

European bourses are entirely in the green alongside modest strength in US futures following post-earning strength in Amazon/Intel & ultimately outmuscling losses in Apple.Dollar is firmer, CHF sinks after the region’s inflation data and JPY pares recent strength.Gilts continue to underperform with benchmarks generally softer pre-Payrolls.Crude is lower as risk-premium returns into the weekend though participants have NFP to navigate...

APAC action mixed as Amazon and Apple diverge, China outperforms on further encouraging PMI dataDXY little changed around 104.00, USD/JPY found support at 152.00Fixed benchmarks contained after recent marked Gilt-led pressure, awaiting US dataCrude underpinned on reports that Iran is preparing a major retaliatory strike from Iraq within days.Looking ahead, highlights include US NFP, ISM Manufacturing PMI,...

European bourses & US futures are entirely in the red; Tech lags stateside given META & MSFT while European banks slipJPY leads post-BoJ with USD lower into PCE & weekly jobs, EUR unreactive to HICP while Cable nears 1.30Gilts remains for sale though the morning's DMO auction went well, EGBs and USTs soft in tandem with yields bid and curves flatteningCrude ultimately firmer with two-way geopolitical updates factoring,...

APAC stocks were mostly subdued following the negative handover from the US; participants also digested mixed Chinese PMIs.BoJ kept rates unchanged as expected and refrained from any fresh policy clues.European equity futures are indicative of a negative cash open with the Euro Stoxx 50 future -0.5% after the cash market closed lower by 1.3% on Wednesday.US equity futures (ES -0.5%, NQ -0.7%) were hampered by after-market earnings from...

European bourses opened in negative territory and continued to trundle lower as the morning progressed, Tech lags post-AMDStateside, futures are firmer but only modestly so with Alphabet supporting as AI bolstered cloud performanceDXY briefly dipped below the 104.00 mark, EUR aided by hawkish-data while GBP awaits the budgetUSTs continue to gain after Tuesday's 7yr into Refunding, Bunds weighed on by...

APAC stocks were mostly lower after the mixed performance stateside and as participants braced for this week's key risk events.Alphabet Inc (GOOGL) Q3 2024 (USD): Adj. EPS 2.12 (exp. 1.84), Revenue 88.27bln (exp. 86.31bln). Co. shares were higher by 5.9% after-hours.European equity futures are indicative of a weaker cash open with the Euro Stoxx 50 future -0.4% after the cash market closed lower by 0.4% on Tuesday.DXY is steady on a 104...

APAC stocks were ultimately mixed alongside a lack of fresh catalysts heading into this week's key data releases.European equity futures are indicative of a marginally positive cash open with the Euro Stoxx 50 future +0.1% after the cash market closed higher by 0.5% on Monday.In FX, DXY is steady, JPY is attempting to claw back recent losses, antipodeans marginally lag, EUR/USD remains on a 1.08 handle.The Israeli cabinet decided...

European bourses are on a firmer footing, traders garnering optimism following the relatively moderate Israeli attack on Iran, which saw the former avoid hitting energy/nuclear facilities; US futures also benefit.USD is mixed, losing vs EUR & GBP but significantly stronger vs JPY after the Japanese general election which has seen the ruling coalition lose its parliamentary majority.Bonds are pressured by the removal of geopolitical risk premia, but have lifted...

APAC stocks were mostly positive as markets digested key events over the weekend including Israel's strike on Iran and the Japanese election.Israel's strike on Iran was aimed at military targets and not petroleum or nuclear facilities; Iran President said will respond.Japan’s ruling coalition lost its parliamentary majority in Sunday’s election; the ruling party may seek partners in an effort to form a government.European equity...