European bourses are modestly firmer, whilst US equity futures are mixed with slight underperformance in the NQDollar is incrementally higher and the JPY continues to underperformBonds are mixed with Gilts paring back Tuesday’s gainsCrude is firmer and near session highs, base metals are mixed but with outperformance in CopperLooking ahead, ECB Operational Framework Review, Speech from ECB’s Cipollone &...

European bourses are modestly firmer, whilst US equity futures are mixed; the NQ narrowly outperforms led by tech optimism post Oracle resultsDollar is flat, JPY underperforms post-Ueda and the Pound lags after softer-than-expected jobs dataBonds are modestly firmer, taking the lead from Gilt outperformance following the region's jobs dataCrude is firmer as geopolitical themes remain; XAU is lowerLooking ahead,...

European equities are lower, dragged down by losses in the semi-conductors; US equity futures are mixedDollar is flat, JPY continues its recent advances, helped by the regions GDP figuresBonds are contained within relatively tight ranges; ECB’s Kazimir sparked a modest hawkish reactionCrude is modestly firmer; XAU flat and base metals mixedLooking ahead, US Employment Trends, Japanese Corporate Goods Price, NY...

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

Equities are mixed, with sentiment improving across the indices throughout the European morningDollar is lower weighed on by a strong JPY after further BoJ speak & Rengo wage demands; USD/JPY back below 148.00Treasuries are modestly firmer with EGBs boosted by a strong French auction and awaiting the ECBCrude is softer, XAU remains at highs and base metals are entirely in the greenLooking ahead, US Challenger...

Equities are firmer as sentiment improves from the prior session; Chair Powell aheadDollar lower, JPY bid after BoJ sources, Antipodeans benefit from risk toneAt the March BoJ policy meeting some attendees are reportedly likely to say that lifting negative interest rates is reasonable, via JiJiBonds softer with Gilts pressured ahead of the UK BudgetCrude benefits from a bullish-leaning private inventory...

Equities are entirely in the red; the NQ lags, dragged down by Apple and TeslaDollar is flat, with G10’s mostly lower though the Yen holds firm post-CPIBonds are firmer, though revised EZ PMIs spurred a gradual hawkish move for EGBsCrude lacks direction, XAU continues to trade higher and base metals are mixedAPAC focus on hot Tokyo CPI and China’s 2024 GDP target being set around 5%, as...

European and US equities are mixed and trading on either side of the unchanged mark; slight RTY outperformanceDXY is flat, JPY underperforms and is comfortably above 150.00Bonds are mixed but rangebound, Treasuries underperform slightlyCrude is softer and unable to benefit from the OPEC+ cut extension; Geopols and ceasefire talks remain in focusLooking ahead, Australian PMI, Tokyo CPI, Comments from Fed’s Harker...

European equities began the session on a firm footing, though have succumbed to selling pressure after the hotter-than-expected EZ CPI print; US futures lower, with RTY hampered by NYCB lossesThe EZ metric sparked a fleeting hawkish reaction in the bond complex; soon-after EGBs moved to session highs, as the cooling narrative remains in-play & a June cut is still pricedDollar holds around flat and the Yen underperforms after dovishly-perceived comments from...

Equities are mixed, with the Dax 40 continuing to trade near/at ATHs, and as attention remains on US PCEDollar is modestly weaker, largely a factor of the strong JPY after hawkish leaning BoJ speakBonds are pressured following the hotter-than-expected European CPI dataCrude is pressured with a lack of fresh catalysts; XAU initially benefitted from the weaker Dollar, though now off best levelsLooking ahead, US PCE...

European equities are mixed, whilst US futures are entirely in the red, with Nvidia weighing on the NQDollar is firmer and reclaims 104 status, focus remains on USD/JPY with YTD high in sights; Kiwi underperforms following a dovish hold at the RBNZBonds are incrementally firmer with specifics light and supply heavy, awaiting US GDP 2nd estimateCrude and base metals are hampered by the firmer DollarLooking ahead,...

European bourses modestly firmer having picked up from an uneventful open with newsflow limitedDXY fell below Monday’s trough with pressure coming via JPY strength after Japanese CPISession’s focus for fixed income is supply, EGBs stuck near unchanged levels while USTs are a touch firmerCommodities near unchanged levels as we await fresh geopolitical developments, latest pour some cold water on Biden’s framing. Metals bid, benefitting...

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...

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,...

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 @...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...