Newsquawk Rundown, Daily Podcast

APAC stocks were mostly subdued and failed to sustain the early momentum from last Friday’s rally on Wall St.US House Speaker Johnson unveiled a GOP stopgap funding bill which includes January and February end dates; proposal was criticised by the White House.Moody’s affirmed US at AAA; Outlook Cut to Negative from Stable on Friday.DXY is steady on a 105 handle, JPY lags G10 FX, most other majors are broadly...

European bourses slump, whilst US futures meander on either side of the unchanged level; NQ underperforms on higher yieldsBonds continue to sell-off following yesterday’s hawkish leaning comments from Fed Chair Powell and a dismal US long bond auctionDXY is slightly lower, edging towards session lows of 105.76 with G10’s generally lifeless against the DollarCrude benchmarks extend gains and entirely pare back the losses seen late in...

APAC stocks traded lower across the board as the downbeat sentiment from Wall Street reverberated to the region following the poor 30-year US auction coupled with Powell’s hawkish lean, whilst the APAC region itself digested earnings and China’s ongoing woes.Fed Chair Powell leant hawkish following the dovish repricing seen last week in the wake of the FOMC and NFP jobs report. Powell did not comment on the NFP report specifically, but maintained his view the labour market remains tight...

European bourses march firmly into the green whilst US futures post gains to a lesser extent; RTY outperforms after heavy losses in recent sessionsDollar is firmer ahead of Fed Chair Powell, with the Kiwi outperforming as it benefits from AUD/NZD cross-sellingDebt gives back some of the prior session's gains with US 10-year yield surpassing 4.50%, though benchmarks are off worstCrude attempts to claw back some of the losses felt over the...

APAC stocks traded mostly firmer following a similar lead from Wall Street; Chinese markets saw more of a muted performance.DXY traded flat within a tight range on either side of 105.50, USD/JPY remained just under 151.00, and Antipodeans outperformed.European equity futures are indicative of a contained open with the Eurostoxx 50 -0.1% after the cash market closed +0.6% yesterday.US military forces confirm it conducted a self-defence...

European bourses post modest losses whilst the NQ & ES teeter around the unchanged mark, RTY lags slightly.Bonds extended gains with Gilts outpacing counterparts though ultimately fell short of 96.00 level, with the complex now off best levels & USTs lower.USD bid with the index printing a 105.87 high, putting downward pressure on G10 peers; GBP bearing the brunt & largely attributed to outperformance in Gilts.Crude continues...

APAC stocks traded mixed/mostly firmer following a similar lead from Wall Street, with the breadth of markets in APAC hours particularly narrow.DXY held a modest upward bias with G10s mostly subdued in what was a contained session for FX.European equity futures are indicative of a subdued open with Euro Stoxx 50 future -0.3% after cash markets closed -0.1% yesterday.US Treasury said no trade partners manipulated currencies; China remains...

European equities/US futures in the red with sentiment sour ahead of a busy day of Fed speakFixed benchmarks are back in bull-flattening mode, lifting from yesterday’s lows pre-supplyDXY firmly above 105.50, whilst Antipodeans sink on weaker sentiment and post-RBA hikeAs expected, the RBA announced a 25bps hike, ensuing initial upside in the AUD before slipping on weaker forward guidanceCrude benchmarks pare back...

APAC stocks were softer across the board following the prior day’s gains and the choppy/mixed lead from Wall Street.DXY gradually inched higher towards the top end of a 105.25-42 APAC range with G10s softer against the Buck to varying degrees.RBA hiked its Cash Rate by 25bps as expected to 4.35% from 4.10%, while forward guidance saw a dovish tweak.European equity futures are indicative of a softer open with the Eurostoxx 50 -0.3% after...

European bourses slip into the red while US futures remain afloat with fresh catalysts somewhat lightCrude bolstered after Friday's pressure alongside ongoing geopols and a handful of bullish catalystsDXY sub-105.00 with peers generally extending gains, though JPY & NZD are cappedBonds hand back some of Fridays post-data gains, yields modestly firmer across the curveLooking ahead, highlights include Canadian...