Ransquawk Rundown, Daily Podcast

European bourses are firmer, Euro Stoxx 50 +0.5%, but are currently still set to end the week with modest lossesStateside, futures are mixed/flat, ES +0.1% holding around 20 points above the 3900 mark, with the 100- & 21- DMAs at 3900 and 3904 respectively.DXY has struggled to make any meaningful headway thus far, though it has derived support from a marked pullback in the JPY while antipodeans lead.EGBs continue to slip as ECB's Lagarde maintains they will "stay the course" on policy, with Bunds down to a 138.49 low vs Thursday's 140.73 peak.Crude benchmarks are firmer on the session, taking advantage of the rosier demand outlook going into the Lunar New Year holiday.Looking ahead, highlights include US Existing Home Sales, Speeches from Fed's George, Harker & Waller and ECB's Elderson, earnings from State Street.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded higher following the weak performance by global peers (S&P 500 -0.76%)European equity futures are indicative of a higher open with the Euro Stoxx 50 +0.5% after the cash market closed down 1.9% yesterdayUS equity futures are marginally firmer (ES +0.3%), albeit the ES is still firmly below the 4k markDXY tested 102 to the downside, JPY lags the majors with USD/JPY back above 129, antipodeans lead.Looking ahead, highlights include UK Retail Sales, US Existing Home Sales, Speeches from ECB's Lagarde & EldersonRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are pressured across the board, Euro Stoxx 50 -1.2%, as ECB officials continue to pushback on dovish reports.US futures are lower across the board, as the ES continues to move below 4k ahead of more earnings and key Fed speak, ES -0.5%.DXY was seemingly capped on approach to 102.50 amid a general downturn in risk with the USD facing pressure from the Euro and Yen while antipodeans lag.ECB's Knot says planning to hike by 50bp multiple times; Norges Bank and CBRT both left rates unchanged, as expected.EGBs have retreated from initial peaks given the above, dragging USTs and Gilts down with them.Looking ahead, highlights include US Building Permits/Housing Starts, IJC, ECB Minutes, Speeches from Fed's Williams, Brainard & Collins, ECB's Schnabel & Knot, Earnings from Procter & Gamble, KeyCorp, Fifth Third & Netflix.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mixed with most major indices rangebound following the negative lead from Wall St (S&P 500 -1.56%).European equity futures are indicative of a weaker open with the Euro Stoxx 50 -0.6% after the cash market closed flat yesterday.DXY is contained on a 102 handle, EUR/USD and USD/JPY are back below 1.08 and 128 respectively, antipodeans lag.Crude futures weakened after the bearish private sector inventory data, fixed income markets remain underpinned.Looking ahead, highlights include US Building Permits/Housing Starts, IJC, Norges Bank & CBRT Policy Announcements, ECB Minutes, Speeches from Fed's Williams, Brainard & Collins, ECB's Lagarde, Schnabel & Knot, Supply from Spain, France & UK, Earnings from Procter & Gamble and Netflix.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

The BoJ defied some market bets and stuck with its ultra-easy policy settings and reaffirmed its dovish guidance.European bourses are contained overall, Euro Stoxx 50 +0.1%, as the dovish BoJ fails to provide impetus with US futures similarly steadyUSD/JPY jumps to 131.57 from the low 128.00 area at one stage, DXY rebounds accordingly to 102.900 before experiencing a sharp reversalCore fixed benchmarks have picked off the European morning's lows to near unchanged levels, but remain shy of overnight BoJ-inspired peaks.Crude benchmarks are bid and have broken out of contained overnight ranges following the latest geopolitical rhetoric, lifting the complex to fresh YTD peaks.Looking ahead, highlights include US Retail Sales & Industrial Production, Speeches from Fed's Bostic, Bullard, Harker & Logan, Supply from the US, Earnings from Charles Schwab, Prologis & Kinder Morgan.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

The BoJ defied some market bets and stuck with its ultra-easy policy settings and reaffirmed its dovish guidance.APAC stocks were positive albeit with price action mostly kept rangebound after the weak lead from Wall Street.European equity futures are indicative of a higher open with the Euro Stoxx 50 +0.3% after the cash market closed up 0.4% yesterday.JPY is the standout laggard in G10 FX with USD/JPY venturing as high as 131.57 overnight vs. a weekly low of 127.21.Looking ahead, highlights include UK CPI, EZ CPI (Final), US Retail Sales, PPI & Industrial Production, Speeches from Fed's Bostic, Bullard, Harker & Logan, Supply from Germany & US, Earnings from Burberry, Charles Schwab, Prologis & Kinder Morgan.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European equities trade marginally lower following a mixed APAC lead, US futures in-fittingA choppy session thus far for the USD, to the mixed fortune of peers with the CNH softer despite Chinese dataCore fixed benchmarks are downbeat after UK and German data, with USTs in tandem directionally but with magnitudes more contained ahead of Fed's WilliamsWTI and Brent diverge given the lack of settlement while both precious and base metals continue to driftLooking ahead, highlights include Canadian CPI, Speech from Fed's Williams, Earnings from Goldman Sachs, Morgan Stanley & United Airlines.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mixed in which most bourses lacked firm direction in the absence of a lead from the US.Chinese GDP, Industrial Production and Retail Sales figures all topped estimates.European equity futures are indicative of a softer open with the Euro Stoxx 50 -0.2% after the cash market closed up 0.2% yesterday.DXY is steady on a 102 handle, EUR/USD maintains 1.08 status, JPY narrowly lags G10 FX whilst antipodeans lead.Highlights include UK Unemployment, German ZEW, Canadian CPI, Speeches from Fed's Williams, ECB's Centeno & Chinese Vice Premier Liu, Supply from UK & Germany, Earnings from Goldman Sachs, Morgan Stanley & United Airlines.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mostly higher albeit with some of the gains in the region capped amid mixed COVID-related headlines.China flagged nearly 60k COVID deaths since easing restrictions in December and noted severe hospitalisations remained high but had already peaked.European equity futures are indicative of a higher open with the Euro Stoxx 50 +0.5% after the cash market closed up 0.6% on Friday.DXY sits just below the 102 mark, EUR/USD and GBP/USD held on to 1.08 and 1.22 handles respectively.Note, US markets are closed for MLK Day. Desk Notice, MLK Day: Open for Asia-Pac coverage as usual on Sunday 15th January at 22:00GMT/17:00ET with EU coverage to start at 06:30GMT/01:30ET on Monday 16th January. The desk will shut at 18:00GMT/13:00ET and reopen the same day for the beginning of Asia-Pac coverage at 22:00GMT/17:00ET.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are firmer across the board, Euro Stoxx 50 +0.5%, though overall action remains contained/rangebound ahead of corporate updates/Fed speak.US futures are similarly rangy within tighter parameters with the main futures essentially unchanged at present.UNH beat on top and bottom lines, TSLA reportedly to cut prices on new US modelsJPY continues to climb and weighs on the USD, though the index has derived some support from EUR pressureCore debt has tested/eclipsed yesterday's post-CPI peak, with a smaller-than-expected TLTRO repayment providing further fleeting impetusLooking ahead, highlights include US Export/Import Prices, Speeches from Fed's Williams, Harker & Kashkari, Earnings from Blackrock, BNY Mellon, Bank of America, JPMorgan, Wells Fargo & Citi.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mostly firmer following the positive handover from Wall St. post-CPI.European equity futures are indicative of a relatively flat open with the Euro Stoxx 50 -0.1% after the cash market closed up 0.7% yesterday.DXY is on a 102 handle, EUR/USD holds on to most of its recent spoils, USD/JPY briefly slipped below 129.10yr UST futures slightly eased off yesterday's best levels but with the pullback only marginal.Looking ahead, highlights include UK GDP, US Export/Import Prices, ECB TLTRO Repayment Amount Publication, Speeches from Fed's Williams, Harker & Kashkari, Earnings from United Health, Blackrock, BNY Mellon, Bank of America, JPMorgan, Wells Fargo & Citi.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are firmer across the board, Euro Stoxx 50 +0.5%, though price action has been fairly contained in slim pre-CPI newsflow with US futures essentially unchanged.Yomiuri Yen revival keeps Greenback grounded awaiting US CPI data; reports the BoJ is to review the effects of its massive monetary easing at next week's gathering.Bonds wane after an early bull run to and through new big figure levels for Bunds and Gilts at 138.45 and 104.14 respectively, USTs more reserved pre-CPI/Fed speak.Crude and precious metals have benefitted from the USD's pullback, though are yet to eclipse recent bests.Looking ahead, highlights include US CPI & IJC, speeches from Fed's Barkin, Bullard & Harker and supply from the US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mixed as the major indices failed to fully sustain the early momentum from Wall St.European equity futures are indicative of a higher open with the Euro Stoxx 50 +0.4% after the cash market closed up 1.0% yesterday.DXY remains supported around the 103 mark, JPY leads the majors following reporting around the BoJ, EUR/USD is steady on a 1.07 handle.BoJ is to review the side effects of its massive monetary easing at its policy meeting next week, according to Yomiuri.Looking ahead, highlights include US CPI & IJC, Speeches from Fed's Barkin, Bullard & Harker, Supply from Spain, Italy & USRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are firmer across the board, Euro Stoxx 50 +0.8%, with an easing in yields seemingly spurring a modest extension of opening gains.US FAA has reported a system equipment outage, all flights nationwide have been grounded, according to a source familiar via NBCDXY has consolidated above 103.00 to the modest detriment of peers, ex-antipodeans and Euro.The initial rally in fixed income has run out of steam and pulled back from best amid sub-par German supply ahead of a USD 10yrCrude benchmarks are posting modest gains while LME Copper has eclipsed USD 9k and spot-gold prints a fresh multi-month highLooking ahead, highlights include EIA Inventories & supply from the US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks tracked the advances on Wall Street whereby US stocks saw a slight unwinding of hawkish positioning post-Powell.European equity futures are indicative of a higher open with the Euro Stoxx 50 +0.6% after the cash market closed down 0.3% yesterday.DXY remains on a 103 handle, AUD gained post-CPI, EUR/USD, Cable and USD/JPY sit on 1.07, 1.21 and 132 handles respectively.Crude futures were pressured following a large surprise build of crude in private sector inventories.Looking ahead, highlights include EIA Inventories, Supply from Germany & US, Earnings from Boston Scientific.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are under pressure, Euro Stoxx 50 -0.5%, in a continuation of the tepid APAC tone amid minimal newsflow.Goldman Sachs lifts its 2023 EZ GDP forecast to 0.6% (prev. -0.1%), no longer expects a euro-area recession.US futures are similarly contained and are diverging slightly around the unchanged mark pre-Powell; newsquawk primer available.Dollar is trying to regroup ahead of Fed Chair Powell, but DXY is heavy on the 103.000 handle and mixed vs majors.Bonds retreat further from peaks in consolidation and consideration of heavy conventional and syndicated issuance.Crude benchmarks spent much of the European morning little changed, but have recently broken out of and eclipsed initial parameters, with upside of circa. USD 0.50/bbl as such.Looking ahead, highlights include a speech from Fed's Powell & supply from the US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mostly lower as the risk appetite in the region stalled following a similar handover from Wall St.European equity futures are indicative of a weaker open with the Euro Stoxx 50 -0.8% after the cash market closed up 1.3% yesterday.DXY is back on a 103 handle after a brief slip below the level, EUR/USD is contained on a 1.07 handle, Cable met resistance at 1.22.Crude futures were marginally lower after a pullback from yesterday's highs as risk momentum waned.Looking ahead, highlights include Chinese Loans & M2 Money Supply, Speeches from Fed's Powell, ECB's Schnabel & BoE's Bailey, Supply from Netherlands, UK & US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are firmer across the board, Euro Stoxx 50 +0.3%, as the constructive APAC tone from China's reopening leadsUS futures are in the green, ES +0.4%, in-fitting with the above sentiment ahead of Fed speak and a NY Fed Consumer Expectations surveyDXY continues to slip below the 104.00 mark between 103.860-420 parameters towards key technical support and its December low (103.380)Action which is benefitting peers across the board ex-JPY, which is suffering amid the easing in USTs/EGBs and a Japanese holiday, with USD/JPY above 132.50EGBs under pressure and continuing to retreat from Friday's best, with Bunds down by nearly 100 ticks and Gilts similarly dented though managing to retain 102.00 at presentCrude benchmarks are bid this morning, with WTI Feb and Brent Mar posting upside in excess of 3.0% or USD 2.0/bbl respectively; given China's reopening and geopolitical developmentsLooking ahead highlights include speeches from Fed's Bostic, Daly, BoE's Pill & NY Fed Consumer Expectations survey.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks gained with the MSCI Asia Pacific index on course to enter a bull market as the region took impetus from last Friday's rally on Wall St.European equity futures are indicative of a firmer open with the Euro Stoxx 50 +0.8% after the cash market closed up 1.5% on Friday.DXY remains on a 103 handle, EUR/USD extended advances above 1.06 and USD/JPY retreated below 132. Antipodeans lead the majors.Crude futures were underpinned following China's border reopening and with travel demand expected to be further boosted heading closer to the Lunar New Year.Looking ahead, highlights include German Industrial Production, EZ Sentix & Unemployment Rate, Speech from Fed's Bostic & Supply from EZ.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are little changed overall but do feature a slim positive skew, Euro Stoxx 50 +0.1%, pre-NFP; US futures similarly containedDXY maintains its recovery momentum ahead of the US agenda with the index up to a 105.52 peak at best, with JPY taking the brunt of this.EGBs experienced modest but ultimately fleeting downside in wake of hot core/super-core EZ inflation, though the benchmarks are little changed overall pre-NFPCrude benchmarks are firmer, but have been subject to two-way price action throughout the morning which has been directionally in-fitting with but slightly more pronounced than equity action.Looking ahead, highlights include US and Canadian Labour Market Reports, US ISM Services PMI, speeches from Fed's Bostic, Cook, Barkin.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded with cautious gains despite a negative lead from Wall Street, and ahead of the US labour market dataDXY traded within a tight pre-NFP range just above the 105.00 level after notching a 103.98-105.27 parameter yesterdayChina could ease "three red lines" property rules in a major shift, according to Bloomberg sourcesUS House voted to adjourn until noon Friday after failing to elect a House Speaker; a source close to Republican McCarthy confirmed a deal is on the tableLooking ahead, highlights include German Retail Sales, EZ CPI and Retail Sales, US and Canadian Labour Market Reports, US ISM Services PMI, speeches from Fed's Bostic, Cook, Barkin.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are mixed but with a slight negative bias, Euro Stoxx 50 -0.2%, following a similar APAC handover ahead of US data with US futures little changed.Dollar mixed awaiting busy pm agenda on the eve of NFP and after choppy moves post-FOMC minutes with peers mixed vs USD.Currently, Bund, USTs and Gilts are within touching distance of the unchanged mark, with yields diverging slightly between EGBs and USTs.Little reaction to the Italian inflation print, which dipped slightly from the prior but was in-line with exp.WTI and Brent are firmer on the session, though the upside stalled on approach to the USD 75/bbl and USD 80/bbl handles respectively with the benchmarks still lower by over USD 5/bbl WTD.Looking ahead, highlights include US Challenger Layoffs, Canadian Trade Balance, US IJC, US EIA Inventories, speeches from Fed's Bostic and Bullard.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded positively throughout most of the session but bourses later drifted off best levels; the US closed in the green after some FOMC-related volatilityFOMC December minutes highlighted how no Fed official sees a rate cut in 2023 albeit there was no discussion about the magnitude of the hike in FebruaryDXY was choppy and briefly dipped under 104.00 to a session low of 103.98 before reversing to print an overnight peak; JPY outperformed among G10s and high-betas laggedRepublican McCarthy lost six rounds of voting for the post of Speaker of the House. House voted to adjourn until noon on Thursday. McCarthy proposed key concessions.Amazon (AMZN) confirmed plans to cut just over 18,000 roles (vs exp. "more than 17,000", vs prev. guided 10,000), according to Bloomberg.Looking ahead, highlights include German Trade Balance, EZ Construction PMI, UK and US Services and Composite Final PMIs, EZ PPI, US Challenger Layoffs, Canadian Trade Balance, US IJC, US EIA Inventories, speeches from Fed's Bostic and Bullard, and supply from the UKRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses have extended on Tuesday's upside, Euro Stoxx 50 +1.6%, with soft inflation data out of France adding to the week's dovish impulses.Stateside, futures are supported though to a lesser extent than European peers, ES +0.4%, as the region awaits key data points and the ES remains sub-3900.DXY has retreated with AUD outperforming while EUR remains supported on PMIs and the USD despite dovish inflation data.Bonds boosted once again as French CPI misses consensus 'hot' on the heels of similarly soft German and Spanish metrics.Another downbeat session for the crude space, with WTI Feb'23 and Brent Mar'23 declined to lows just below the USD 75/bbl and USD 80/bbl handles respectively.Looking ahead, highlights include US ISM Manufacturing PMI, JOLTS, FOMC Minutes & Crude Private Inventories.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mostly firmer despite the negative handover from Wall Street; Hang Seng outperformed whilst Nikkei lagged.European equity futures held onto modest gains with the Euro Stoxx 50 future +0.3% after the cash market closed +0.7% yesterday.DXY pulled back to levels under 104.50 after, technicians also eye a potential “death cross” in the index.US House is adjourned until 12:00EST (17:00GMT) on Wednesday after three failed House Speaker votes for Republican McCarthy.Looking ahead, highlights include German Import Prices, Swiss CPI, EZ Services and Composite Final PMIs, US ISM Manufacturing PMI, FOMC Minutes, Crude Private Inventories, Supply from Germany.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are firmer across the board, Euro Stoxx 50 +1.4%, as the region's strong start to 2023 continues despite soft Chinese NBS PMIsStateside, futures are supported with the ES back above 3900 ahead of the week's risk events from Wednesday onwards.Dollar erases and reverses losses on positional, fundamental and technical grounds with EUR deflated by sub-consensus German state CPIsFixed income boosted by the German inflation metrics, with Gilts outperforming in catch-up tradeCrude benchmarks have come under modest pressure as the European morning progresses, having more than retracted a concerted bid that occurred around the European cash equity open.Looking ahead, highlights include National German CPI, US Final MFG PMI & Construction Spending.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are marginally firmer, Euro Stoxx 50 +0.2%, with the Stoxx 600 on track to end the week with upside of circa. 0.6%.Stateside, futures are similarly supported, ES +0.3%, though we await US monthly PCE metrics for another factor into the Fed's deliberations.Dollar has waned with peers taking advantage with debt continuing to decline and curves re-steepeningCrude benchmarks are firmer and eclipsing other assets following the latest updates from Russia and N. KoreaLooking ahead, highlights include US monthly PCE, Canadian GDP, US University of Michigan Survey.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mostly lower but drifted off worst levels following a similar performance statesideDXY fluctuated within a tight range in which it briefly topped 104.50 before drifting to a fresh session low; JPY laggedJapanese Core CPI for November rose at the fastest annual pace since 1981Tesla (TSLA) CEO Musk said he will not sell any more Tesla stock for at least 18-24 months; waiting to see the extent of a recession before share buybackLooking ahead, highlights include US monthly PCE, Canadian GDP, US University of Michigan SurveyRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses & US futures are steady near the unchanged mark within relatively narrow ranges in limited newsflowCrude has clawed out incremental WTD peaks, given the softer USD and latest China-COVID reportsDXY remains in proximity to 104.00, though was pushed modestly below the figure to the benefit of peers ex-GBPEGBs lost initial recovery momentum with drivers limited while USTs retain a positive footholdLooking ahead, highlights include US Q3 GDP and PCE, US Jobless Claims.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded with gains across the board following the positive lead from Wall StreetChinese property names led the gains after China unveiled further support measures for the sectorUS and European equity futures resumed trade with modest gains, but price action is somewhat contained in the pre-Christmas lullDXY trundled lower throughout the session as it breached 104.00 to the downside before matching yesterday's 103.85 low; Aussie outperformed among G10sLooking ahead, highlights include UK Q3 GDP, US Q3 GDP and PCE, US Jobless Claims, CBRT AnnouncementRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses have eked out a marginal extension of their initial upside, Euro Stoxx 50 +0.9%, with both newsflow and the schedule ahead sparse.ES +0.6%; post-earnings NKE +12.5% & FDX +4.8%DXY has managed to attain an incremental foothold at 104.00, with peers ex-NZD generally contained in tight ranges.An early recovery bounce has seemingly run out of steam ahead of US 20yr supply, with Bunds and Gilts fading from respective 136.00+ and 101.50+ peaks.Commodities are contained, though crude benchmarks extended to fresh incremental peaks amid Russian Defense Ministry commentaryLooking ahead, highlights include US MBA Mortgage Applications, Canadian CPI, CNB Decision, Supply from the US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks eventually traded mixed following a mostly positive lead from Wall Street and with news flow on the quieter sideDXY traded on a firmer footing and reclaimed a 104.00 handle from a 103.91 low, USD/JPY trimmed recent losses and NZD lagged among G10s10yr UST and Bund futures were subdued overnight, whilst Japan's 2yr yield rose above 0% for the first time since 2015China will no longer take measures to isolate people from overseas and go to isolation facilities from January 3rd 2023, according to HKSTVLooking ahead, highlights include German GfK Consumer Sentiment, UK Q3 GDP, UK CBI Distributive Trades, US MBA Mortgage Applications, Canadian CPI, CNB Decision, Supply from the USRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are under modest pressure, Euro Stoxx 50 -0.3%, as the complex lifts off post-BoJ lows in limited newsflow.JPY is the standout outperformer after the BoJ widened the 10yr yield band, sending USD/JPY to a test of 132.00 vs 137.00+ initial levels.DXY has been pushed below 104.00 to the modest benefit of G10 peers across the board; though, JPY-cross action is limiting this.Core debt has bounced from worst levels, though remains heavily hampered with yields bid and the curve steepening.Crude has recovered from its initial downside, currently posting modest upside; Dutch TTF cools as we await ICE's reviewLooking ahead, highlights include Canadian Retail Sales, US Building Permits, EZ Consumer Confidence.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded lower across the board with the broader risk profile hit by the BoJ's unexpected tweak to its Yield Curve ControlBoJ tweaked YCC in which it widened the 10yr yield band to +/- 0.5% (prev. +/-0.25%) and unexpectedly announced it is to increase bond purchases to JPY 9tln/m (prev. JPY 7.3tln/m) in Q1; Kuroda presser due at 06:30GMT/01:30ESTJPY soared on the BoJ decision to tweak its YCC, with USD/JPY slumping from levels around 137.00 to lows below 133.00, Nikkei 225 closed lower by 2.5%, and JGB yields spiked higherUS and European equity futures were hit by the BoJ's unexpected move; ES Mar'23 -0.9% and Euro Stoxx 50 Mar'23 -1.4%Looking ahead, highlights include Canadian Retail Sales, US Building Permits, EZ Consumer Confidence, speech from ECB's Kazimir, supply from the UKRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses have commenced the week on a firmer footing, Euro Stoxx 50 +0.7%, shaking off the softer APAC handover amid two-way COVID updates.Stateside, futures are similarly supported, ES +0.4%, in tandem with the European tone ahead of a sparse US docketUSD has faded despite hawkish weekend Fed rhetoric, with the DXY nearer the lower-end of 104.12-83 parameters amid marked initial JPY strengthBunds are facing modest pressure, though they are off worst levels which occurred in the wake of ECB's Kazimir, prompting the 10yr German yield to test 2.20%Choppy but contained session for crude while Dutch TTF deflates as gas cap discussions approach a potential conclusionFed's Mester (non-voter) said she expected the Fed to hike more than its median forecast, and the Fed will need to maintain rates for an extended period once hikes are doneLooking ahead, highlights include Canadian PPI & US NAHB Housing Market IndexRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks eventually traded lower across the board following the downbeat performance on Wall Street on FridayDXY was softer and briefly dipped under 104.50, USD/JPY gapped lower amid weekend source reports, and EUR underperformedJapan's government is set to revise a 10-year-old joint statement with the BoJ that commits the central bank to achieve its 2% inflation "at the earliest date possible", although this was downplayed by the Japanese Chief Cabinet SecretaryEU countries are reportedly mulling a gas price cap at levels lower than suggested to date, according to Reuters.Looking ahead, highlights include German Ifo Survey, EZ Wages and Labour Cost, UK CBI Trends, Canadian PPI, US NAHB Housing Market Index, speeches from ECB's de Guindos and Norges Bank's BacheRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses remain on a downward trajectory as the post-ECB slump continues with US futures similarly afflictedDXY has whipsawed within a 104.20-73 range, well within yesterday's bands, though an overall underlying USD bid has emergedEGBs continue to slide. With Bunds lower by over 150 ticks and the associated 10yr yield above 2.2% post-ECB.Crude benchmarks have succumbed to the above price action but remain someway above the existing WTD troughLooking ahead, highlights include US Flash PMIs, Quadruple Witching, Fed's Williams, Daly & Mester.Click here for the Week Ahead previewRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were pressured on spillover selling from global counterparts following the slew of central bank rate hikes.European equity futures are marginally higher with the Euro Stoxx 50 future up 0.2% after the cash market closed with losses of 3.5% yesterday.DXY is a touch softer but on a 104 handle, JPY leads G10 FX, EUR/USD sits on a 1.06 handle, Cable lingers around 1.22.ECB President Lagarde reportedly offered policymakers back-to-back 50bp hikes to secure a majority decision, according to Reuters sources.Looking ahead, highlights include UK Retail Sales, EZ, UK & US Flash PMIs, EZ HICP (Final), Quadruple Witching.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses and US futures are under pressure, seemingly in a second wave of the post-FOMC price action.USD has continued to climb throughout the morning, DXY above 104.40 at best with peers dented across the boardSNB & Norges Bank were essentially in-line with expectations, hiking by 50bp & 25bp respectively.Gilts continue to outperform and leading a relative 'revival' in the debt space, though USTs and Bunds are yet to make any real ground above neutralCrude benchmarks are flat, having pared a bulk of the APAC losses with the move coming in spite of the above actionLooking ahead, highlights include US IJC, Retail Sales & Industrial Production, BoE, ECB, Banxico Policy Announcements, European Council Meeting (1/2), Press Conference from ECB's Lagarde.Click here for the Week Ahead previewRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

The Fed delivered a widely expected 50bps rate hike and provided hawkish revisions to the dot plots.US stocks ultimately finished lower with the S&P 500 back below 4K, APAC stocks were subdued overnight.European equity futures were mildly lower with the Euro Stoxx 50 future down 0.4% after the cash market closed with losses of 0.3% yesterday.DXY was firmer overnight but sub-104 after swinging between gains and losses in the aftermath of the FOMCLooking ahead, highlights include US IJC, Retail Sales & Industrial Production, BoE, ECB, Norges Bank, SNB & Banxico Policy Announcements, European Council Meeting, Press Conferences with ECB's Lagarde, Norges Bank's Bache & SNB's Jordan.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are under pressure across the board, Euro Stoxx 50 -0.7%, as the CPI-induced upside wanes ahead of the FOMC & Powell thereafterUSD has continued to slip with the index down to 103.66 at worst, nearing Tuesday's 103.57 trough to the benefit of most G10 peers.JPY outperforms with USD/JPY dropping below 135.00 to a 134.61 low in wake of BoJ sourcesBunds under marked pressure given a sizeable 2023 issuance remit and subsequent hawkish ECB source reports; with the benchmark sub-140.00Crude benchmarks are firmer on the session, though remain within Tuesday's and by extension recent parameters; IEA OMR raised demand forecastsLooking ahead, highlights include US Export/Import Prices, FOMC Policy Decision & Press Conference.Click here for the Week Ahead previewRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks took impetus from the gains across global peers following the softer-than-expected US CPI (SPX +0.73%, NDX +1.1%).European equity futures were steady with the Euro Stoxx 50 future up 0.1% after the cash market closed with gains of 1.7% yesterday.DXY remains lacklustre and lingers just above the 104 mark, EUR/USD and USD/JPY sit on 1.06 and 135 handles respectively.US Congressional negotiators said they reached a deal on government funding through end-September 2023.Looking ahead, highlights include UK CPI, EZ IP, US Export/Import Prices, FOMC Policy Decision & Press Conference, Speech from ECB's Elderson.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are firmer across the board Euro Stoxx 50 +0.8%, though action has been choppy with fresh drivers limited.US futures are similarly bid, though comparably more contained ahead of CPI and 30yr supplyDXY is bid, but has been unable to convincingly breach the 105.00 mark despite a brief foray to 105.09, with peers generally contained vs USD.EGBs have been pressured throughout the morning, with Bunds initially lagging though they have staged a marked rebound to downside of just 20 ticks.Overall, the crude benchmarks have been relatively steady throughout the European morning posting upside in excess of 1.0% and remain towards the top-end of yesterday's parameters.Looking ahead, highlights include US CPI, Japanese Tankan & supply from the US.Click here for the Week Ahead previewRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mostly kept afloat following the gains on Wall St where the major indices unwound recent losses (S&P 500 +1.4%).Hong Kong Chief Executive Lee announced an end to the COVID contact tracing app requirement and will eliminate the three-day arrival monitoring period.European equity futures were firmer with the Euro Stoxx 50 future up 0.4% after the cash market closed with losses of 0.5% yesterday.DXY sits just below the 105 mark with peers broadly modestly firmer against the Dollar, antipodeans narrowly outperform.Looking ahead, highlights include UK Unemployment, German ZEW, US CPI, Japanese Tankan, Supply from UK, Italy & US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are under modest pressure, Euro Stoxx 50 -0.2%, as the cautious APAC tone continues but with magnitudes limited given the lack of newsflow.USD's initial extension faded with the index drifting within 105.23-104.72 parameters, peers mixed but generally rangebound.EGBs & Gilts have meandered to fresh intra-day peaks, though newsflow and drivers behind the upside are essentially non-existent.Crude benchmarks are under modest pressure, with both volumes and newsflow limited ahead of an action-packed week of macro risk events.Looking ahead, highlights include Fed's Bostic & US supply.Click here for the Week Ahead previewRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks began the week with mild losses following the subdued performance last Friday on Wall Street.European equity futures were lower with the Euro Stoxx 50 future down 0.5% after the cash market closed with gains of 0.5% on Friday.USD is broadly firmer vs. peers, EUR/USD maintains 1.05 status and USD/JPY lingers around the 137 mark.Crude prices were slightly higher in some mild respite from the recent selling pressure.Looking ahead, highlights include UK GDP, Chinese New Loans, Financing & M2 Money Supply, Speech from Fed's Bostic, Supply from the US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk