Newsquawk Rundown, Daily Podcast

European bourses & US futures are in the red with newsflow focused on geopols and any extension to the Israel-Hamas truce.Black Friday US online sales rose 7.5% Y/Y to USD 9.8bln, while shopper traffic to physical stores rose 2% -5% Y/Y, according to CNBC citing Adobe Analytics.USD remains heavy with initial support from yields also fading, CAD lags given crude.Crude continues to slump; latest reports suggest African states are yet to...

APAC stocks declined heading into month-end and after newsflow over the weekend was mainly dominated by geopolitical headlines with a question mark hanging over whether the Israel-Hamas truce will be extended beyond the initial four-day agreement.Israeli PM Netanyahu said Israel will resume the Gaza operation in full force at the end of the truce but would welcome extending the truce if it facilitated the release of ten additional hostages daily.Hamas announced in...

European bourses & US futures are essentially unchanged, with price action & newsflow limited post-ThanksgivingDXY tilts lower with GBP bid as UK yields rise, NZD underpinned by retail data while EUR was largely unreactive to IfoEGBs & USTs continue to slump with supply-side dynamics in playCommodities await any fresh OPEC and/or geopolitical updates, the latter following the Israel-Hamas truce...

APAC stocks traded mixed in the absence of a lead from Wall St and as markets headed into the start of the Israel-Hamas truce.DXY traded rangebound amid a lack of drivers and in holiday conditions with many in the US likely to stay away for Black Friday.10-year UST futures trickled further below 109.00 as yields edged higher and with demand hampered by thinned conditions.A four-day truce in the Israel-Hamas war took effect at 7:00 am...

APAC stocks were subdued for most of the session before edging higher in holiday-quietened conditions owing to market closures in the US and Japan.DXY marginally softened, EUR/USD nursed the prior day’s losses, and Antipodeans were firmer with NZD/USD the outperformer.Israel’s military said they do not know when the ceasefire will take effect; Iran's Foreign Minister said if the truce between Hamas and Israel does not continue, the war will...

European bourses marginally extend gains alongside US Futures; outperformance in RTY as it pares back lossesDXY is firmer with slight underperformance in the Yen as it gives back yesterday's gainsEGBs climb after a stellar German auction and fresh fiscal reportsIndustrial commodities dip amid a flimsy risk tone while XAU remains above USD 2k/ozLooking ahead, highlights include US Durable Goods, IJC, EZ Consumer...

APAC stocks traded mixed following the weak handover from the US where sentiment was dampened amid soft data and pre-Thanksgiving positioning.FOMC minutes stated the FOMC saw rates remaining restrictive for some time; the minutes were uneventful and had little effect on price action.Hamas confirmed an agreement with Israel for a four-day pause in Gaza hostilities and agreed to release around 50 women and children hostages from Gaza in exchange for Israel releasing...

European bourses are mixed, waning off highs whilst US Futures trade with little directionBonds off best levels after having bounced following yesterday’s well-covered US supplyDollar remains weaker; whilst the Kiwi outperforms owning to encouraging NZ trade dataCrude trims Monday's gains while metals benefit from the Dollar pullback & strike actionLooking ahead, highlights include US National Activity Index,...

APAC stocks traded mostly higher following the tech-led gains in the US where Microsoft shares climbed to a record high in otherwise quiet trade and with Chinese markets underpinned by property sector support.USD/JPY continued to trickle lower and breached the 148.00 level to the downside despite softening JGB yields; DXY remained pressured firmly beneath the 104.00 level and Antipodeans were underpinned.RBA November Minutes stated that staff projections for...

European bourses are near unchanged with specifics light but the DAX 40 & Healthcare lagging amid marked Bayer pressureStateside, futures are slightly firmer in-fitting with the APAC bias but with action contained into a holiday-thinned weekDXY pressured attempting to convincingly re-claim 103.50 with Yen & Yuan the main beneficiariesCore fixed benchmarks pressured but off lows ahead of US 20yr, BTPs outperform...