Newsquawk Rundown, Daily Podcast

European equities mixed with underperformance in the FTSE100 hampered by Basic Resources and Energy; Stateside, futures trade on the backfootDollar is firmer with clear underperformance in the Swiss Franc post-CPI; Yen trades marginally firmer attributed to narrowing yield differentialsCore fixed benchmarks are around unchanged; Bunds were briefly lifted in the wake of weaker German Trade dataWTI and Brent lose further ground in a...

APAC stocks traded mixed with an initial positive bias after last Friday’s gains on Wall St, although the upside was capped in the region after quiet macro newsflow from the weekend and ahead of this week’s key events.DXY was marginally positive in otherwise quiet trade, 10-year UST futures mildly pulled back although held to most of Friday's spoils, and crude futures were subdued.Spot gold initially surged by more than 3% shortly after the open as prices breached...

European equities extend gains; FTSE100 propped up by mining names; US futures contained pre-PowellDXY is marginally weaker, with mild outperformance in the Kiwi post-hawkish commentary from HawkesbyBonds bounce and back on a firmer footing, after steep month-end retracementCrude contained post-OPEC; base metals boosted by the softer Dollar & firmer Chinese dataIsrael's military said that Hamas violated the...

APAC stocks began the new month with price action rangebound as markets paused following the November rally amid another busy day of economic releases, while the conflict in Gaza also resumed.DXY marginally softened beneath 103.50 as it gave back some of the prior day’s gains, USD/JPY briefly dipped beneath the 148.00 level, and Antipodeans were choppy amid the mixed risk appetite.Crude futures remained subdued after the prior day's selling despite the OPEC+...

Equities post modest gains with the FTSE 100 & DAX 40 outperforming given crude and SAP/SalesforceStateside futures tilt higher in-fitting with the European bias as markets await US PCE data.DXY is firmer, leading G10’s lower with clear underperformance in the EUR post cooler than expected CPI.Debt futures wane after short squeeze fizzles out; Bunds fade from near 133.00Crude extends gains following reports...

APAC stocks were mixed and indecisively capped off this month’s notable gains as the Israel-Hamas truce hung in the balance before the announcement of a last-minute one-day extension.The overnight session saw a slew of key data releases including disappointing Chinese official PMI figures which showed a steeper contraction in China’s factory activity.OPEC+ reportedly mulls new oil production cuts amid the Middle East conflict with Saudi Arabia favouring a curb of...

European bourses & US Futures extend gains but with clear underperformance in the FTSE100DXY is firmer edging back towards the 103.00 level; G10’s are mixed with underperformance in the AUD following mixed data and cross-related flows.RBNZ opted for a hawkish hold where it kept rates unchanged but slightly raised its OCR forecasts from March 2024 to March 2025.EGBs bid amid EZ-member inflation prints, but have drifted slightly from...

APAC stocks were mixed after the choppy performance on Wall St where stocks wavered, Treasuries rallied, and the Dollar dipped on dovish Fed rhetoric.DXY was rangebound and traded on both sides of the 102.50 level overnight after declining yesterday on dovish comments from Fed hawk Waller; 10-year UST futures remained underpinned after the prior day’s bull-steepening.RBNZ opted for a hawkish hold where it kept rates unchanged but slightly raised its OCR forecasts...

European bourses slip whilst US Futures teeter around the unchanged mark with slight underperformance in the CAC 40Bonds retreat but have reclaimed some of the post-UK supply marked sell-off in GiltsDXY is around flat with slight outperformance in the CAD amid crude; G10s generally containedOil continues to extend gains while metals are flat/mixed in the absence of major catalystsLooking ahead, US Consumer...

APAC stocks traded mixed amid the lower yield environment and after the lacklustre performance of US counterparts.DXY traded flat and was confined to within a tight range, USD/JPY tested 148.00 to the downside, Antipodeans were marginally firmer.10-year UST futures marginally eased back from the 109.00 level after rallying on the back of soft US housing data and a strong 5yr auction, while a weak 2yr offering failed to derail the...