US Market Open: Contained trade in equities & FX, TSMC earnings strong and Crude at lows following Israel/Iran reports; US IJC due

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

APAC stocks were mostly higher but with gains capped heading into month-end alongside a slew of data and earnings.Official Chinese NBS Manufacturing and Caixin Manufacturing PMIs topped forecasts but Non-Manufacturing PMI disappointed.European equity futures indicate a flat open with the Euro Stoxx 50 future unchanged after the cash market closed down 0.5% on Monday.DXY is a touch firmer in an attempt to unwind recent losses, USD/JPY tested 157 to the upside, EUR/USD is holding above 1.07.Looking ahead, highlights include French CPI, GDP, German Unemployment Rate, Import Prices, Retail Sales, Spanish GDP, Italian GDP, CPI, EZ CPI, GDP, US Employment Cost Index, Chicago PMI, Consumer Confidence, RBNZ FSR, Supply from UK, Germany & Netherlands.Earnings from Logitech, Lufthansa, Adidas, Mercedes, Volkswagen, Stellantis, UniCredit, 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

European bourses were initially firmer, though have since dipped lower; US futures remain modestly in the greenDollar is softer amid hefty USD/JPY selling; the pair rose to 160.00 before sharp downticks with intervention suspectedBonds are firmer benefiting from dovish Spanish/German inflation metricsCrude is softer as Israel-Gaza truce talks continue; XAU flat and base metals mixedLooking ahead, German CPI, EZ Sentiment, US Dallas Fed Manufacturing Index, Comments from ECB’s de Guindos, US Quarterly Refunding Estimates, Earnings from NXP Semiconductors, Welltower & ParamountRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks began the week on the front foot after the tech-led surge last Friday on Wall St; Japan was on holiday.European equity futures indicate a positive open with the Euro Stoxx 50 future +0.4% after the cash market closed up 1.4% on Friday.USD/JPY saw volatile trade in which it initially surged to above 160.00. The pair later saw a sharp drop and breached 156.00 to the downside despite the absence of any obvious drivers.Egypt offered a new proposal for a truce between Israel and Hamas in which some Israeli hostages would be exchanged for Palestinian prisoners and a three-week ceasefire.Looking ahead, highlights include Spanish and Germany CPI, EZ Sentiment, US Dallas Fed Manufacturing Index, Comments from ECB’s de Guindos, Supply from EZ & US Quarterly Refunding Estimates.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Equities are firmer, benefiting from strong Big Tech earnings; Google (+11.7%), Microsoft (+3.6%)Dollar is flat, USD/JPY moved lower in quick succession before paring back, Aussie outperforms given the risk tone and higher metal pricesBonds are modestly firmer, though very much contained ahead of US PCECrude within recent ranges, XAU trudges higher and base metals entirely in the green; 3M LME topped USD 10,000/tLooking ahead, US PCE, Personal Income, Earnings from Colgate, Exxon, Chevron & Phillips 66.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mostly higher as the region digested recent market themes and the BoJ policy announcement.The BoJ kept policy settings unchanged and refrained from any major hawkish surprises.Tech earnings from Alphabet (+11.5%) and Microsoft (+4.3%) topped forecasts and boosted futures after-hours.DXY lacked firm direction overnight, JPY softer post-BoJ with USD/JPY on a 156 handle, EUR/USD is back above 1.07.Looking ahead, include US PCE, Personal Income, ECB Consumer Expectations Survey, BoJ Governor Ueda, ECB’s de Guindos & SNB’s Jordan, Earnings from Porsche, NatWest, Safran, Colgate, Exxon, Chevron & Phillips 66.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are mostly lower, US equities are mixed, with the NQ underperforming after Meta (-13.1%) resultsDollar is lower, Antipodeans benefit from higher metals prices, JPY is softer holding above 155.50 against the USDBonds are rangebound awaiting impetus from Tier 1 data later todayCrude is slightly lower in absence of energy-specific newsflow, XAU benefits from the weaker dollar, base metals are mostly firmerLooking ahead, US GDP Advance, PCE Advance, Initial Jobless Claims, Comments from ECB’s Nagel & Panetta, Supply from the US, Earnings from Merck, Microsoft, Gilead Sciences, Caterpillar, S&P Global, Intel, T-Mobile US & Alphabet.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mostly subdued after the uninspiring handover from the US; Australia and New Zealand markets were closed for ANZAC Day.US equity futures were pressured with underperformance in Nasdaq 100 after Meta shares dropped over 15% post-earnings.European equity futures indicate a slightly softer open with the Euro Stoxx 50 future -0.1% after the cash market closed down 0.4% on Wednesday.DXY is steady below the 106 mark, USD/JPY has gained a firmer footing on the 155 handle, EUR/USD rests above 1.0700.Looking ahead, highlights include German GfK, French Business Climate, US GDP Advance, PCE Advance, Initial Jobless Claims, Comments from ECB’s Schnabel, Supply from the US.Earnings from Barclays, Unilever, AstraZeneca, Vinci, STMicroelectronics, Airbus, BNP Paribas, Schneider Electric, Hermes, Pernod Ricard, Equinor, BE Semiconductor, Merck, Microsoft, Gilead Sciences, Caterpillar, S&P Global, Intel, T-Mobile US & Alphabet.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk