Get up to speed with everything you need to know ahead of today's open with the Newsquawk rundown
US Market Open: Generally constructive tone though catalysts and volumes are light
Equities in Europe trade with no firm direction in what has been a quiet morning session thus far in holiday-thinned volumesDXY managed to derive some support after losing 104.50 in early trade, with peers generally contained though JPY & CHF 'outperform'EGBs and USTs continue to diverge, but overall action has been limited given a lack of drivers and thin volumes.WTI Jan and Brent Feb remain firmer intraday but in the grander scheme...
Euro Market Open: US futures retain earlier upside, APAC trade firmer but limited
APAC stocks traded mostly higher as the region took impetus from the gains on Wall Street; Hang Seng and Shanghai Comp were indecisiveUS equity futures held on to the prior day's gains but lacked any significant follow-through during Asia hoursDXY continued to weaken after retreating beneath the 105.00 level yesterday, G10s were firmer against the USD, and USD/JPY fell below 136.00US Treasury Secretary Yellen said dollar movements largely...
US Market Open: Contained trade with catalysts & the schedule light
European bourses and US futures reside in narrow ranges are essentially pivoting the unchanged markDXY has managed to regroup amid an initial retreat in USTs; though, the index remains around the mid-point of a 105.04-105.42 rangeEGBs & their UK counterpart have, despite initial pressure, staged a firm rally to a test/eclipse of Wednesday's peaks; USTs remain lowerCrude benchmarks are consolidating after yesterday's mid-week pressure,...
Euro Market Open: Cautious trade overall though Hong Kong outperformed, light docket ahead
APAC stocks traded cautiously after the lacklustre handover from Wall St where the major indices were subdued; Hong Kong outperformed European and US equity futures lacked firm direction despite an earlier approach towards the prior day's lowsDXY was marginally higher overnight, G10s were mostly lower, and the JPY laggedUS Energy Envoy Hochstein said the US still needs to replenish the SPR for the...
US Market Open: Choppy but ultimately contained trade in somewhat limited newsflow
European bourses are somewhat mixed after a predominantly soft cash open, Euro Stoxx 50 -0.5%; though, the breadth of the market remains narrow.Stateside, futures are in relative proximity to the unchanged mark and are yet to meaningfully deviate from overnight ranges, ES -0.2%USD is mixed vs G10 peers, though the DXY itself, while negative on the session, remains underpinned around 105.50.Crude benchmarks are softer intraday given the...
US Market Open: Modest deterioration in risk sentiment, though ranges limited with ES pivoting 4k
Choppy session thus far across equities as the region looks for direction, ES circa. 4k.Followed mixed APAC trade given the hawkish Wall St. handover eased on further China COVID control adjustmentsDXY briefly eclipsed Monday's best to a 105.50 peak before fading in relatively limited newsflow and as UST yields ease.Aussie is the modest outperformer following a 25bp RBA hike and guidance for further inflation-justified...
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