Newsquawk Rundown, Daily Podcast

APAC stocks traded with losses across the board following the downside seen on Wall Street on Friday; Foxconn shares fell amid a Chinese probe.Oil futures, spot gold, and the Swiss Franc unwound some geopolitical risk premium overnight amid no major escalation in the Middle East over the weekend.An Israeli official said there will be 'no ceasefire' in Gaza, according to CNN. The US is pressing Israel to delay the Gaza invasion to win hostage...

European bourses are following the APAC handover and reside well into the red, US futures lower but nearer unch.USD struggling for direction in somewhat narrow parameters as USD/JPY probes 150.00 while GBP slips post-data/BoE speakCrude and precious metals firmer with geopolitics continuing to drive action while base metals dip post-APAC tradeBunds and USTs remain firmer with long-end yields pulling back a...

APAC stocks mostly declined following the losses on Wall St post-Powell and as geopolitical tensions remain high.Fed Chair Powell suggested that policy was not too tight but also noted that higher bond yields at the margin could reduce the need for the Fed to tighten.Israel's military received the 'green light' to move into Gaza, according to ABC News citing an Israeli official.European equity futures are indicative of a lower open with...

European bourses and US futures reside in the red with earnings dominating newsflow; NFLX +13.5%, TSLA -4.8%, SAP +4.8%.USD has been grinding higher alongside yields to the detriment of peers with the slim exception of EUR & JPYCrude benchmarks reside in the red after Wednesday’s gains with metals mixed and spot gold near unchangedReports of renewed heavy shelling by Israel in Gaza while reports indicate Israel won backing from Biden...

APAC stocks were lower across the board amid spillover selling from global peers.After-hours earnings in the US saw Netflix surge 12.8%, whilst Tesla fell 4.2%.European equity futures are indicative of a lower open with the Euro Stoxx 50 future -0.6% after the cash market closed down 1.1% yesterday.FX markets are steady with DXY caged in a tight range above 106.50, AUD suffers post-jobs data and USD/JPY continues to eye...

European bourses/US futures experience pressure as geopolitical tensions overshadow stronger than expected Chinese activity dataDXY comfortably above 106.00 but just off best, Yuan unable to benefit from mentioned data while GBP benefits from UK CPIDebt benchmarks pressured post-data though have climbed off lows with Bunds probing positive territory post-supplyCommodities derive support from China and geopols., crude benchmarks hit highs...

APAC stocks traded mixed following a similar performance on Wall St while the region also digested the latest Chinese GDP and activity data which topped forecasts.The latest geopolitical headlines included news of a strike on a hospital in Gaza which saw both sides point the blame at each other.European equity futures are indicative of a slightly softer open with the Euro Stoxx 50 future -0.2% after the cash market closed up 0.1%...

European bourses & US futures are mixed to modestly pressured as a better-than-expected ZEW is overshadowed by geopoliticsEUR off lows given the data and support via expiries at 1.05, action which has pulled the DXY away from its 106.49 peak, JPY action on BoJ sources re. inflation outlookGeopolitical updates incl. confirmation that Biden will travel to Israel on Wednesday, since then there has been bouts of punchy rhetoric from Iran’s...

APAC stocks were mostly positive following the gains across global counterparts, although the upside was capped amid threats from Iran.Iran's Foreign Minister said pre-emptive actions by the resistance front could be expected in the coming hours (comments made last night).US President Biden will travel to Israel on Wednesday and will reaffirm US solidarity with Israel.European equity futures are indicative of a contained open with the...

European bourses are under modest pressure as geopolitical developments keep tensions elevated and the tone tentativeIsraeli military spokesperson said their goal is to completely destroy the governing and military capabilities of Hamas.Iranian Foreign Minister said ‘If the Zionist aggressions do not stop, the hands of all parties in the region are on the trigger’DXY towards the lower-end of bounds with CHF lagging after recent haven...