markets


Biden Satisfies No One With Lackluster Speech Decrying 'Antisemitism & Islamophobia'

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"Dissent is essential to democracy. But dissent must never lead to disorder or denying the rights of others... no place for hate speech in America."


Apple Soars After iPhone, China Sales Drop Less Than Feared; Unveils Record-Breaking $110 Billion Buyback

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Because when others won't buy your stock you kinda have to  step in.


US stocks extended on post-FOMC gains as focus turns to the looming NFP report - Newsquawk Asia-Pac Market Open

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Futures were further boosted after-hours following better-than-expected earnings from Apple which also announced an additional USD 110bln buyback.

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REAR VIEW: Hotter-than-expected Unit Labour Costs; Initial jobless claims slightly short of forecasts; Touted Yen intervention Wednesday night; Hot Swiss inflation data; Strong QCOM report; Light Q2 EBAY revenue guide; 'Positive' rhetoric in the Middle East hostage talks.

Markets Chop As Wall Street Awaits Apple Earnings After Bell, NFP Friday For Market Direction 

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"All eyes on AAPL tonight." 


"Sticky Inflation" Mentions On Earnings Calls Hits New High As Big Brands Warn About Buckling Consumers

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"Consumers continue to be even more discriminating..." 


Peloton CEO Stepping Down Following 92% Stock Plunge In Two Years 

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Another restructuring... 


Yen Carry Trade Ever More Exposed To Rising FX Volatility

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It’s getting precarious for yen carry traders...


FX Traders Stunned At Clueless BOJ Interventions: "They Don't Have A Clear Handle On Market Positioning"

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"The Ministry of Finance is in trouble."


Hurt / The Downward Spiral

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King Dollar is Johnny Cash


"Safe Haven" Yen Trending Towards Zero Against Gold

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The yen is beyond saving, and gold will outperform it even if the BoJ manages to narrow the gap in the shorter term...


US Factory Orders Rise In March... But February Saw Yet Another Downward Revision

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This is the 17th monthly downward revision in the last 22 months... come on!!!


Goldman Explains Why The Fed And Treasury Are Now Both In Full-Blown Stock Support Mode

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"We have strong growth and a FED/Treasury willing to use its tools to support the economy which is bullish risk assets IMO."


US Traders Took Powell's Pivot More Seriously Than Foreigners

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It looks like mainly US-based traders took Powell’s pivot in December more seriously than those predominately based abroad...


Unit Labor Costs Soar In Q1 As 'AI Productivity Boom' Fails To Show Up

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Maybe Jay Powell can see the "stag" and the "flation" now?


Futures Rise As Dovish Fed Boosts Sentiment, Reverse Bizarre Post-Powell Slide

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“All in all, it’s a bull message for markets. We’ve got the confirmation that Powell doesn’t want to raise rates.”  


US equity futures in the green & Treasuries softer, but relatively contained post-FOMC, JPY underperforms - Newsquawk US Market Open

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  • European equities are mixed while US equity futures are entirely in the green
  • Dollar is flat, CHF bid after hotter inflation metrics, USD/JPY higher and at 155.20
  • USTs softer but relatively contained in the fall-out of the FOMC; Bunds are higher and playing catch up
  • Crude is incrementally firmer, XAU is softer and base metals are mixed
  • Looking ahead, US Challenger Layoffs, International Trade, IJC, CNB Policy Announcement, ECB’s Lane, BoC's Macklem & Rogers.

European Automakers Are Struggling With Falling Demand

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Both VW and Mercedes have seen a downturn in demand...


Fighting Monsters

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"Art is not a mirror held up to reality, it is a hammer to shape reality with..."


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Fed kept rates unchanged, noted a lack of progress on inflation and decided to slow the pace of its balance sheet runoff.