Trader TV: This Week – A Slowing US Labour Market and Earnings Season

Published on 10 April 2023

A recap of events and an outlook of trading activity and liquidity issues for the week ahead.

North America

  • Poor liquidity, steady volumes on lit and dark venues. Bond bid-ask spreads nearing 4.2bps
  • Employment data shows a weakening labour market. Inflation data on Wed and PPI on Thurs
  • Primary equities: IPOs in Tech and Financials expected on Nasdaq

EMEA

  • High cost of liquidity across assets. Swings from lit to bilateral trading of energy stocks
  • Earnings season: results from financial firms will be a big focus of activity
  • Primary equities: IPOs in Consumer Discretionary on Euronext and Tech on Deutsche Boerse

APAC

  • Poor liquidity returns to the region while volumes in IG bonds have fluctuated since Jan
  • Inflation and PPI data out of China on Tuesday, with a focus on its economic rebound
  • Primary equities: several IPOs in Mining on ASX and Real Estate on JPX