Europe Market Open: Sentiment supported by US tailwinds, geopols dominating newsflow

APAC stocks were mostly lower after the choppy US performance and in the absence of fresh catalysts.European equity futures indicate a marginally softer open with Euro Stoxx 50 futures down 0.1% after the cash market closed higher by 1.2% on Tuesday.USD is firmer with USD/JPY back above 155, EUR/USD sits below 1.0750 and Cable lost 1.25 status.Israeli PM Netanyahu's spokesman said Hamas's proposal is far from Israel's demands and the gaps are large.Looking ahead, highlights include German Industrial Orders, US Wholesale Sales, Riksbank Policy Announcement, BoC FSR, Riksbank Press Conference, comments from ECB’s Wunsch & de Cos, Fed’s Cook, Jefferson & Collins, Supply from UK & US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European equities are entirely in the green; US futures are mixedDollar is slightly firmer, Aussie underperforms following the RBA, USD/JPY now around 154.50Bonds are firmer and extending on the prior day’s gains; Gilts outperform on their return from holidayCrude is flat awaiting geopolitical updates, XAU softer and base metals are mixedLooking ahead, US RCM/TIPP Economic Optimism, CBR Policy Announcement, EIA STEO Comments from Fed’s Kashkari & BoC's Rogers, Supply from the US, Earnings from Disney, Occidental Petroleum Corp, Duke Energy, Arista & McKessonRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mixed as the region only partly sustained the momentum from Wall St where the major indices extended on post-NFP advances amid rate cut hopes, while key markets returned from the long weekend.DXY was uneventful, USD/JPY continued to pick itself up from last week's trough and reclaimed the 154.00 status, AUD/USD was pressured after the RBA announcement.RBA kept the Cash Rate Target unchanged at 4.35%, as expected, while it reiterated the Board remains resolute in its determination to return inflation to the target and it is not ruling anything in or out; RBA raised its inflation forecasts for 2024 but trimmed forecasts for GDP.Israeli military took control of the Palestinian side of the Rafah border with Egypt, according to Bloomberg. Israeli army confirmed it is "conducting large-scale combing operations in the area"Looking ahead, highlights include German Industrial Orders, Trade Balance, EZ & UK Construction PMI, US RCM/TIPP Economic Optimism, CBR Policy Announcement, EIA STEO Comments from Fed’s Kashkari & BoC's Rogers, Supply from US, Earnings from BP, Siemens Healthineers, Infineon, Fresenius Medical Care, Deutsche Poste, Infineon, Disney, Occidental Petroleum Corp, Duke Energy, Arista & Mckesson.Click here for the Newsquawk Week Ahead.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Equities are entirely in the green; Apple -1.1% is lower pre-market after Berkshire Hathaway decreased its stake in Q1DXY is flat, EUR unreactive to PMIs & USD/JPY holds just under 154.00Bonds are modestly firmer, with initial upside in Bunds trimmed slightly by large upward revisions to EZ PMIsCrude is firmer with Rafah in focus, XAU is bid and base metals benefit from the risk toneLooking ahead, US Employment Trends, Comments from SNB’s Jordan, ECB’s Lagarde, Fed’s Williams & Barkin. UK markets closed for Bank Holiday Monday.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Positive bias for APAC stocks after the US jobs report but with varied performance on the holiday returnDXY remains near 105.00 with peers flat/mixed ex-JPY which has seen USD/JPY recoup Friday's lossesCommodities supported as geopolitical tensions intensify with Gaza talks reportedly near collapsing and civilians being evacuated from RafahFed speak in focus with Williams & Goolsbee over the weekend, though fixed action limited with Japan awayLooking ahead, highlights include EZ Services PMI, Sentix Index, Producer Prices, US Employment Trends, Comments from SNB’s Jordan, ECB’s Lagarde, Fed’s Williams & Barkin, Earnings from UniCredit & Volvo Car AB. Note: UK Bank Holiday.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European equities entirely in the green; US equity futures are mixed ahead of US NFPDollar is slightly softer, USD/JPY dips lower to around 153.00Bonds are mixed but remain rangebound ahead of today’s key eventsCrude trades within a tight range, XAU flat and base metals mostly firmerLooking ahead, US NFP, Services PMI & ISM Non-Manufacturing, Comments from Fed's Goolsbee & WilliamsRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US equity futures were boosted after-hours following better-than-expected earnings from Apple (+6%) which announced an additional USD 110bln buyback.APAC stocks took impetus from Wall St where equities extended on post-FOMC gains; Hang Seng extended its rally after having recently entered a bull market; Japan and Mainland China were closed.DXY was lacklustre with markets now awaiting key US jobs data; USD/JPY continued to decline and printed fresh intervention lows beneath the 153.00 handle.European equity futures indicate a positive open with Euro Stoxx 50 futures up 0.2% after the cash market closed down 0.6% on Thursday.Looking ahead, highlights include EZ Unemployment Rate, UK Services & Composite Final PMIs, US NFP, Services PMI & ISM Non-Manufacturing, Norges Bank Policy Announcement, Comments from Norges Bank Chair Bache.Earnings from Intesa Sanpaolo, Societe Generale, Credit Agricole & Daimler Truck.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are closed for Labour Day, with the exception of the UK’s FTSE 100, which is incrementally firmer; US equity futures are entirely in the redDollar is flat with G10 peers also holding pattern awaiting a slew of US data and the FOMCUSTs are unchanged ahead of today’s key events, with QRA also in focus; Gilts subduedCrude sinks lower, XAU is incrementally firmer and base metals are lower across the boardLooking ahead, US Manufacturing PMI, ISM, US ADP, JOLTS, FOMC Announcement, Treasury QRA, Fed Chair Powell, BoC’s Macklem & Rogers. Earnings from CVS, Qualcomm, MetLife, Pfizer, ADP, Marriott, Estee Lauder, Mastercard & eBayRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

NOTE: All major European markets (ex-UK) are closed for Labour Day.APAC stocks took their cues from the losses on Wall St and with trade mired by mass holiday closures.DXY is rangebound on a 106 handle, EUR/USD sits just above 1.0650, USD/JPY edged closer to 158.00.Amazon beat on top and bottom lines; Co. shares were up 1.2% after-hours.Looking ahead, highlights include UK, US Manufacturing PMI, US ADP, JOLTS, FOMC Announcement, Treasury QRA, Fed Chair Powell, BoC’s Macklem & Rogers, Supply from UK & US.Earnings: Next, GSK, Smith & Nephew, CVS, Qualcomm, MetLife, Pfizer, ADP, Marriott, Estee Lauder, Mastercard & eBay.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are mixed, though have tilted lower as the session progressed; US equity futures modestly softerDXY is flat, EUR benefits from strong EZ GDP metrics, USD/JPY firmer and just shy of 157.00Bonds are lower, dragged down by French/German and finally EZ figuresCrude is incrementally firmer as Gaza peace talks continue, XAU at session lows and base metals in the redLooking ahead, US Employment Cost Index, Chicago PMI, Consumer Confidence, RBNZ FSR. Earnings from Amazon, McDonald's, Advanced Micro Devices, Eli Lilly, Mondelez, Air Products and Chemicals, Coca-Cola, 3M, PayPal, Marathon & Starbucks.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk