US Market Open: US equity futures modestly firmer, JPY bid amid suspected intervention, Bonds benefit from Spanish/German CPIs

European bourses are mostly firmer, US futures flat ahead of US CPI & Retail SalesDollar is weaker, Antipodeans lifted on reports of Chinese support measures, USD/JPY dipsBonds are firmer, continuing the post-PPI strengthCrude is in the green, XAU is supported given the softer Dollar & base metals are in the greenLooking ahead, US CPI & Retail Sales. Comments from Fed’s Kashkari. Earnings from Cisco SystemsRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mostly higher following the momentum from the US where the Nasdaq posted a fresh record close.European equity futures indicate a firmer open with Euro Stoxx 50 futures up 0.2% after the cash market closed flat on Tuesday.DXY is sub-105, EUR/USD sits on a 1.08 handle, Cable tested 1.26 and antipodeans outperform.Crude futures rebounded from the prior day's losses with prices helped by private sector inventory data.Looking ahead, highlights include EZ Employment, US CPI & Retail Sales, Riksbank Minutes, IEA OMR, Comments from Fed’s Kashkari, Supply from UK & Germany, Earnings from Merck, RWE, Thyssenkrupp, Allianz, Commerzbank, JD Sports, Compass, Ubisoft, Telecom Italia & Cisco Systems.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Equities are mixed, with trade tentative ahead of US PPI & PowellDollar is flat, GBP softer following commentary from BoE’s PillBonds are firmer, taking a further leg higher after BoE’s Pill before paring on ZEWCrude is flat with oil-specific newsflow light, XAU is firmer and base metals are mixedWhite House says US President Biden is directing the USTR to increase tariffs on USD 18bln of imports from ChinaLooking ahead, US PPI, OPEC MOMR, Comments from ECB’s Schnabel, Fed Chair Powell & Cook. Earnings from Home DepotRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks lacked firm conviction after the indecisive performance in the US ahead of key events.European equity futures indicate a flat to incrementally firmer open with Euro Stoxx 50 futures near the unchanged mark after the cash market closed down by 0.1% on Monday.FX markets are contained with DXY caged in a tight range, EUR/USD failed to sustain a 1.08 handle, USD/JPY gained a firmer footing above 156.Bunds were steady overnight and Crude futures traded with little in the way of conviction.Looking ahead, highlights include UK Employment Data, German ZEW, US PPI, OPEC MOMR, Comments from BoE’s Pill, ECB’s Schnabel, Fed Chair Powell & Cook, Supply from Netherlands, UK & GermanyRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are mixed and trade around the unchanged mark; US futures are modestly firmerDollar is slightly softer weighed on by recent EUR strength, NZD lagsBonds are incrementally firmer, though within contained rangesCrude benchmarks are on the front foot, XAU is softer and base metals are mixedOvernight focus on mixed Chinese data and then upcoming ultra-long issuance, latter development providing supportLooking ahead, NY Fed Survey of Consumer Expectations Survey, Comments from Fed’s Mester & Jefferson, SNB’s JordanRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Cautious APAC trade amid mixed data incl. Chinese CPI but with support from China's ultra-long issuance plansDXY rangebound with peers contained, NZD lags after cooler inflation projectionsJGBs pressured as the BoJ adjusted its 5-10yr bond buying operation for todayCommodities attentive to mixed commentary from the Iraq Oil Minister, metals mixedLooking ahead, highlights include NY Fed Survey of Consumer Expectations Survey, Comments from Fed’s Mester & Jefferson, SNB’s Jordan, Earnings from DiplomaClick here for the Newsquawk Week Ahead.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses extend to session highs, whilst US futures post modest gainsDollar is flat & GBP marginally outperforms post-GDPUSTs are flat, EGBs bid though to a lesser degree than Gilts, which have shrugged off hawkish GDP dataCrude is firmer with specifics light, XAU extends to highs and base metals benefit from the risk toneLooking ahead, Canadian Jobs Data, BoC SLOOS, Chinese Money Supply, Comments from ECB’s Elderson, BoE’s Pill, Fed’s Goolsbee, Bowman, Logan, Kashkari & Barr.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks mostly tracked the gains in the US where a rise in initial jobless claims spurred a dovish reaction.European equity futures indicate a mildly positive open with Euro Stoxx 50 future +0.2% after the cash market closed higher by 0.3% on Thursday.DXY is mildly firmer in what has been a quiet session for FX overnight, antipodeans marginally lag.Crude futures mildly extended on gains, Bunds remain afloat after the recent rebound.Looking ahead, highlights include UK GDP, Canadian Jobs Data, BoC SLOOS, Chinese Money Supply, Comments from ECB’s Cipollone & Elderson, BoE’s Pill, Fed’s Goolsbee, Bowman, Logan, Kashkari & Barr, Supply from Italy.  Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European equities are mixed, Stateside futures lower with slight underperformance in the RTYDollar is firmer, G10s in the red and USD/JPY now just shy of 156.00Bonds pressured in a continuation of recent action; Gilts underperform slightly ahead of the BoECrude is firmer, XAU flat and base metals mostly lowerLooking ahead, US IJC, NZ Manufacturing PMI, BoE Policy Announcement, BoE DMP, Banxico Policy Announcement, Comments from Fed's Daly, BoE’s Bailey & Pill, ECB’s Cipollone & de GuindosRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mixed following the indecisive performance stateside, while somewhat mixed but improved Chinese trade data had little impact.European equity futures indicate a flat open with Euro Stoxx 50 futures unchanged after the cash market closed higher by 0.4% on Wednesday.DXY is steady near the 105.50 mark with price action in the FX space contained.Bunds extended on their recent pullback, Crude remains afloat after yesterday's rebound.Looking ahead, highlights include US IJC, BoE Policy Announcement, BoE DMP, Banxico Policy Announcement, Fed's Daily, BoE’s Bailey & Pill, ECB’s Cipollone & de Guindos, Supply from Spain & US. Note, closures across Scandinavia and Switzerland for Ascension Day. Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk