Newsquawk Rundown, Daily Podcast

APAC stocks were mostly lower amid ongoing geopolitical concerns with the Israel-Hamas conflict threatening to spill over to neighbours in the region.Israeli 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’European equity futures are indicative of a...

European bourses and US equity futures have been tilting lower since the cash open despite a lack of major headlines, with traders cognizant of geopolitical risks heading into the weekend.Dollar loses some inflation momentum as DXY slips from a double top into a softer 106.510-280 range; T-note is nudging new peaks amidst a return to bull-flattening regardless of a poor long bond auction to continue the run of weak sales this week.Crude futures are on the grind...

APAC stocks were mostly lower amid headwinds from the US, while the region also digested softer-than-expected inflation and mixed trade data from China.European equity futures are indicative of a lower open with the Euro Stoxx 50 future -0.3% after the cash market closed down 0.1% yesterday.DXY remains on a 106 handle, EUR/USD lingers around 1.0550, GBP reclaimed 1.22 vs. the USD.US eyes closing loophole that gives Chinese companies...

European bourses are trading with modest gains in the wake of the late gains on Wall Street yesterday and the upbeat APAC session overnight.Dollar is depressed ahead of US CPI data after brief bounces post-PPI and FOMC minutes. Euro retains 1.0600+ status vs Buck. Yen is still drawn to 149.00 against Greenback.Debt futures fade after another strong rally to fresh cycle peaks for Bunds and Gilts.Chinese GDP growth might slow in Q3 to above...

FOMC Minutes stated that officials generally judged risks to achieving the FOMC's goals had become more two-sided.APAC stocks were firmer after the region took impetus from the intraday rebound on Wall St.European equity futures are indicative of a higher open with the Euro Stoxx 50 future +0.4% after the cash market closed down 0.1% yesterday.DXY remains on a 105 handle, GBP/USD and USD/JPY are back on 1.23 and 149 handles...

European bourses have held onto the mixed theme seen at the cash open with underperformance seen in the CAC 40 and Euro Stoxx 50 on the back of disappointing earnings from heavyweight LVMH.Bonds are back in vogue as duration and safe haven demand propel prices higher amidst long-end outperformance; UK supply was snapped up and German issuance meets mixed reception.Spot gold and silver are marching higher, potentially amid haven flows as the Israeli war rages on...

APAC stocks were higher after the positive momentum rolled over from global peers owing to dovish Fed rhetoric and China stimulus hopes.Hezbollah said it targeted an Israeli tank with missiles and that Israel struck a number of observation posts.European equity futures are indicative of a weaker open with the Euro Stoxx 50 future -0.6% after the cash market closed up 2.3% yesterday.DXY languishes beneath 106, EUR/USD hovers around 1.06,...

European bourses trade on the front-foot in a catch-up play to the afternoon gains on Wall Street; US futures are trading slightly firmer, continuing to extend on gains seen in yesterday’s session.Dollar pulls back under 106.00 as risk appetite picks up, JPY underperforms with USD/JPY hovering around 149.00; Bonds futures settle down after Monday's Middle East safety flight.China reportedly weighs new stimulus and higher deficit to meet growth target, according to...

APAC stocks were mostly positive as key markets reopened from the long weekend and following the recovery seen on Wall Street.Stocks in the US recovered following dovish-leaning Fed rhetoric which acknowledged the impact of higher Treasury yields on financial conditions.Israeli PM Netanyahu said air strikes against Hamas in Gaza are just the beginning, while he added that Hamas sought war and Hamas will get war.European equity...

European bourses have mostly kicked the week off on the backfoot as geopolitical concerns grip the market narrative following a surprise multi-front attack by Hamas on Israel.Crude futures overnight saw intraday gains of more than 5% after Hamas' attack on Israel which Iranian officials reportedly helped to plan.DXY grinds higher along with other safe havens after the onset of war between Israel and Hamas; ILS sees heavy losses despite intervention by the Bank of...