• European bourses are modestly firmer, Euro Stoxx 50 +0.2%, amid a relatively quiet start to the week given the mass APAC closures from the Lunar New Year holiday.
• Stateside, futures are essentially unchanged, with the ES capped by 4k and the Fed blackout period underway going into the second busiest week of earnings this season.
• The DXY has eased further to the benefit of most peers across the board as the Fed blackout period...

• APAC stocks began the week with a positive bias but with gains capped amid mass closures across the region.
• European equity futures are indicative of a higher open with the Euro Stoxx 50 +0.4% after the cash market closed up 1.6% Friday.
• DXY has retreated further beneath the 102 mark, EUR/USD is at a 9-month high, JPY lags G10 FX.
• ECB’s Knot said to expect the ECB to hike by 50bps in February and March, followed by more steps in May and...

• MON: BoJ Minutes (Dec); Australian Flash PMIs (Jan).
• TUE: Australian NAB Business Confidence (Dec), German GfK (Feb), EZ, UK & US Flash PMIs (Jan), New Zealand CPI (Q4), UK CBI Trends (Jan).
• WED: BoC Policy Announcement; Australian CPI (Dec/Q4), German Ifo (Jan).
• THU: CBRT Minutes & Inflation Report (Jan), US Durable Goods (Dec), GDP Advance (Q4), PCE Prices Advance (Q4), IJC (w/e 16th Jan), National Activity Index (Dec),...

• European bourses are firmer, Euro Stoxx 50 +0.5%, but are currently still set to end the week with modest losses
• Stateside, 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...

• 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% yesterday
• US equity futures are marginally firmer (ES +0.3%), albeit the ES is still firmly below the 4k mark
• DXY tested 102 to the downside, JPY lags the majors with USD/JPY back above 129, antipodeans...

• 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...

• 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...

• 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 steady
• USD/JPY jumps to 131.57 from the low 128.00 area at one stage, DXY rebounds accordingly to 102.900 before experiencing a sharp reversal
• Core fixed benchmarks have picked off the European...

• 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...

• European equities trade marginally lower following a mixed APAC lead, US futures in-fitting
• A choppy session thus far for the USD, to the mixed fortune of peers with the CNH softer despite Chinese data
• Core fixed benchmarks are downbeat after UK and German data, with USTs in tandem directionally but with magnitudes more contained ahead of Fed's Williams
• WTI and Brent diverge given the lack of settlement while both precious and base metals...

• 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...

• 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...

• MON: Eurogroup Meeting; Chinese GDP (Q4), House Prices, Industrial Output & Retail Sales (Dec).
• TUE: OPEC MOMR; German Final CPI (Dec), UK PPI (Nov), Unemployment (Nov), German ZEW (Feb), Canadian CPI (Dec), Australian Consumer Sentiment (Jan).
• WED: UK CPI (Dec), EZ Final HICP (Dec), US PPI (Dec), Retail Sales (Dec), NAHB (Jan), Canadian Producer Prices (Dec), Japanese Trade Balance (Dec).
• THU: ECB Minutes (Dec), Norges Bank,...

• 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 models
• JPY continues to climb and weighs on the USD, though the index has derived some support from...

• 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...

• 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,...

• 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...

• 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 NBC
• DXY 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...

• 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...

• 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...

• 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...

• European bourses are firmer across the board, Euro Stoxx 50 +0.3%, as the constructive APAC tone from China's reopening leads
• US futures are in the green, ES +0.4%, in-fitting with the above sentiment ahead of Fed speak and a NY Fed Consumer Expectations survey
• DXY 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...

• 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...

Week Ahead January 9th-13th:

• MON: Swiss Unemployment (Dec), German Industrial Output (Nov), EZ Sentix (Jan), Unemployment (Nov), Chinese Exports/Imports (Dec)
• TUE: EIA STEO; Norwegian CPI (Dec), US NFIB (Dec), Chinese M2 & New Yuan Loans (Dec)
• WED: Australian CPI (Nov)
• THU: Australian Trade Balance (Nov), US CPI (Dec), IJC (w/e 2nd Jan)
• FRI: ECB TLTRO Repayment Amount Publication; UK GDP (Nov),...

• European bourses are little changed overall but do feature a slim positive skew, Euro Stoxx 50 +0.1%, pre-NFP; US futures similarly contained
• DXY 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-NFP
• Crude...