
APAC stocks traded mostly in the green and shrugged off the weak lead from the US but with gains capped by disappointing official Chinese PMIs.Former US President Trump was found guilty by a jury verdict on all 34 counts he faced at the hush money trial and will be sentenced on July 11th.European equity futures indicate a contained open with the Euro Stoxx 50 future flat after the cash market closed higher by 0.4% on Thursday.DXY remains...
May 31, 2024
4 min

European equities are modestly firmer, US futures are mostly lower though have been edging higher in recent tradeDollar is softer, haven currencies bid with USD/JPY holding around 156.85ZAR pressured as early vote count/models point to ANC losing the majority and securing at most 45% of the voteBonds have bounced modestly from recent lows, with sentiment improving following a robust JGB auctionCrude is modestly...
May 30, 2024
3 min

Equities are entirely in the red in continuation of similar price action seen in APAC tradeDollar is flat, EUR slips after German State CPIs show a cooler M/M and largely as-expected Y/YBonds are softer in a continuation of the prior day’s losses, Bunds pare most of the post-German State CPI upsideCrude is firmer amid ongoing geopolitical uncertainty, XAU slips and base metals are mixedLooking ahead, German CPI,...
May 29, 2024
4 min

European bourses are mixed continuing the price action seen in APAC; US equity futures are in the greenDollar is flat/softer, Kiwi the G10 outperformer after strong price action overnight and in continuation of the RBNZ last weekUSTs/Bunds are mixed and relatively contained, whilst Gilts outperform playing catch-up to Bund strength in the prior sessionCrude benefits from heightened geopol tensions, XAU dips and base metals are firmer...
May 28, 2024
5 min

European bourses are entirely in the red, though have recently has clambered off lows; US equities are modestly firmer.Dollar is slightly softer, GBP shrugs off initial Retail Sales weakness, overall trade contained.Bonds are very modestly firmer, attempting to claw back some of the US PMI-induced pressure.Crude is softer and near session lows without a clear catalyst, XAU gains whilst base metals...
May 24, 2024
4 min

The selling in US stocks yesterday accelerated once European desks packed for the day, with little fresh fundamentals driving the move after the US Flash PMIs.APAC stocks followed suit to the selling on Wall St where the initial NVIDIA-related euphoria was soured after strong US PMI data lifted the dollar and yields.DXY traded steadily after surmounting the 105.00 level in the aftermath of the strong US PMI data, USD/JPY marginally edged higher after reclaiming...
May 24, 2024
4 min

European bourses are modestly firmer with Tech lifted by post-earning strength in Nvidia (+7% pre-market); NQ outperforms.Dollar is slightly softer, Kiwi continues the prior day’s gains, Euro was choppy on Flash PMIs but ultimately firmer and saw no reaction to higher Q1 wages.Treasuries are flat, whilst Bunds are softer following German/EZ PMIs ahead of US supply.Crude is firmer and near session highs, spot gold and copper futures...
May 23, 2024
4 min
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