US Market Open: NQ outperforms, benefiting from gains in TSLA, USD firmer & AUD bid post-CPI, Bonds at lows

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

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